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DHS/FEMA | RIN: 1660-AA44 | Publication ID: Fall 2007 |
Title: Special Community Disaster Loans Program | |
Abstract: This rulemaking implements the Special Community Disaster Loans Program authorized in the Community Disaster Loan Act of 2005. This rule describes the procedures and requirements for a program designed to provide loans for essential services to local governments that have experienced a loss in revenue due to a major disaster. It will also include a cancellation provision as provided by the U.S. Troop Readiness, Veterans Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, for certain community disaster loans previously authorized by Congress in the Community Disaster Loan Act of 2005 and the Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006. Finally, the proposed rule is intended to make technical corrections to organizational titles as a result of the Post-Katrina Emergency Management Reform Act of 2006. These regulations do not apply to the traditional Community Disaster Loans Program. | |
Agency: Department of Homeland Security(DHS) | Priority: Economically Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Yes | Unfunded Mandates: No |
CFR Citation: 44 CFR 206 | |
Legal Authority: 42 USC 5121-5606 |
Legal Deadline:
None |
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Statement of Need: This rulemaking is needed to implement statutory requirements and address the needs of the communities affected by Hurricanes Katrina and Rita in 2005. The Community Disaster Loan Act of 2005 (Pub. L. 109-88) authorized FEMA to transfer $750 million from the funds appropriated in the Second Emergency Supplemental Appropriations Act To Meet Immediate Needs Arising From The Consequences Of Hurricane Katrina, 2005, (Pub. L. 109-62), to provide up to $1 billion in loan authority. The Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006, (Pub. L. 109-234), authorized an additional $371,733,000 in loans authorized under the Community Disaster Loan Act of 2005. The U.S. Troop Readiness, Veterans Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, (Pub. L. 110-28) removes the loan cancellation prohibitions contained in the 2005 and 2006 Acts. |
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Summary of the Legal Basis: This rulemaking is authorized by the Community Disaster Loan Act of 2005 (Pub. L. 109-88), the Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Hurricane Recovery, 2006, (Pub. L. 109-234), and the U.S. Troop Readiness, Veterans Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, (Pub. L. 110-28). |
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Alternatives: While this rulemaking implements statutory requirements, the public has already been afforded an opportunity to provide comments on the interim rule for the Community Disaster Loan Act of 2005, and the public will be afforded an opportunity to provide comments on the loan cancellation provisions authorized in the U.S. Troop Readiness, Veterans Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007, (Pub. L. 110-28) when FEMA publishes the rulemaking in the Federal Register. |
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Anticipated Costs and Benefits: Preliminary estimates of the anticipated costs of this regulatory action have not been determined at this time and will be determined at a later date. |
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Risks: This action does not adversely affect public health, safety, or the environment. |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: Federal, Local, State, Tribal |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: Yes | |
RIN Data Printed in the FR: No | |
Agency Contact: James A. Walke Mitigation Directorate Department of Homeland Security Federal Emergency Management Agency 1800 South Bell Street, Arlington, VA 20598-3030 Phone:202 646-2751 Fax:202 646-3074 Email: james.walke@fema.dhs.gov |