← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Pre-Disaster Mitigation Loans

SBA · final-rule · Published 2002-10-07 · Effective 2002-11-06 · 67 FR 62335

Document

Document number
02-25143
Federal Register citation
67 FR 62335
CFR reference
13 CFR 121
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Small Business Administration
Publication date
2002-10-07
Effective date
2002-11-06

Abstract

The U.S. Small Business Administration (SBA) is amending its regulations to implement the Pre-Disaster Mitigation Loan Program (Program), which is a five-year pilot program authorized by statute in 1999. The statute allows SBA to make low interest, fixed rate loans to small businesses for the purpose of implementing mitigation measures to protect their property from disaster related damage. The Program was developed in support of the Federal Emergency Management Agency (FEMA) Pre-Disaster Mitigation Program and covers businesses located in eligible participating communities, as determined by FEMA. This rule also describes how much a person could borrow from SBA to provide post- disaster mitigation for a damaged primary residence.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown