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Code · U.S. Code · Title 42 - THE PUBLIC HEALTH AND WELFARE · CHAPTER 68— DISASTER RELIEF · SUBCHAPTER IV— MAJOR DISASTER ASSISTANCE PROGRAMS · § 5184

§ 5184. Community disaster loans

1,316 words·~6 min read·/usc/title-42/section-5184

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(a)In general The President is authorized to make loans to any local government which may suffer a substantial loss of tax and other revenues as a result of a major disaster, and has demonstrated a need for financial assistance in order to perform its governmental functions.
(b)Amount The amount of any such loan shall be based on need, shall not exceed—
(1)25 percent of the annual operating budget of that local government for the fiscal year in which the major disaster occurs, and shall not exceed $5,000,000; or
(2)if the loss of tax and other revenues of the local government as a result of the major disaster is at least 75 percent of the annual operating budget of that local government for the fiscal year in which the major disaster occurs, 50 percent of the annual operating budget of that local government for the fiscal year in which the major disaster occurs, and shall not exceed $5,000,000.
(c)Repayment
(1)Cancellation Repayment of all or any part of such loan to the extent that revenues of the local government during the three full fiscal year period following the major disaster are insufficient to meet the operating budget of the local government, including additional disaster-related expenses of a municipal operation character shall be cancelled.
(2)Condition on continuing eligibility A local government shall not be eligible for further assistance under this section during any period in which the local government is in arrears with respect to a required repayment of a loan under this section.
(d)Effect on other assistance Any loans made under this section shall not reduce or otherwise affect any grants or other assistance under this chapter.
(Pub. L. 93–288, title IV, § 417, formerly § 414(a), (b), May 22, 1974, 88 Stat. 158; renumbered § 417, Pub. L. 100–707, title I, § 106(j), Nov. 23, 1988, 102 Stat. 4705; Pub. L. 106–390, title II, § 207, Oct. 30, 2000, 114 Stat. 1571; Pub. L. 109–347, title VI, § 608, Oct. 13, 2006, 120 Stat. 1942.)
Connections114 cite this · traces to 4
Cited by 114 sections · top 60
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23 references not yet in our index
  • Pub. L. 93–288, title IV, § 417
  • 88 Stat. 158
  • Pub. L. 100–707, title I, § 106(j)
  • 102 Stat. 4705
  • Pub. L. 106–390, title II, § 207
  • 114 Stat. 1571
  • Pub. L. 109–347, title VI, § 608
  • 120 Stat. 1942
  • Pub. L. 93–288
  • 88 Stat. 143
  • section 414 of Pub. L. 93–288
  • Pub. L. 97–258, § 5(b)
  • 96 Stat. 1082
  • section 417 of Pub. L. 93–288
  • Pub. L. 100–707
  • Pub. L. 109–347
  • Pub. L. 106–390, § 207(1)
  • Pub. L. 106–390, § 207(5)
  • Pub. L. 106–390, § 207(6)
  • Pub. L. 106–390, § 207(4)
  • 135 Stat. 365
  • Pub. L. 95–31, title I
  • 91 Stat. 169
Citation graph
cites case law
§ 5184
Community disaster loans
Bills×35
Stat.×28
Fed. Reg.×26
Stat. Comp.×10
Pub. L.×9
U.S.C.×5
C.F.R.×1
Pub. L.Pub. L. 93–288, title IV, § 417
Stat.88 Stat. 158
Pub. L.Pub. L. 100–707, title I, § 106(j)
Stat.102 Stat. 4705
Pub. L.Pub. L. 106–390, title II, § 207
Cites 27 · showing 9Cited by 114 across 7 sources
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