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Disaster Loan Program-Disaster Mitigation Act of 2000

SBA · final-rule · Published 2002-10-21 · Effective 2002-10-15 · 67 FR 64517

Document

Document number
02-26403
Federal Register citation
67 FR 64517
CFR reference
13 CFR 123
Type
Rule
Action
Interim final rule with request for comments.
Category
final-rule
Agency
US Small Business Administration
Publication date
2002-10-21
Effective date
2002-10-15

Abstract

Under the Disaster Mitigation Act of 2000, enacted on October 30, 2000, ("Act") the Individual and Family Grant Assistance Program is replaced by the Assistance to Individuals and Household Program ("IHP"). Under this interim final rule, SBA will implement its disaster loan program when the President declares a major disaster, or declares an emergency, and activates the IHP in an emergency disaster declaration. Under the Act, if the President declares a major disaster that includes, or is limited to, public assistance, a private nonprofit facility which provides non-critical services must first apply for disaster loan assistance from SBA before it could seek grant assistance for permanent repairs and/or replacements from the Federal Emergency Management Agency ("FEMA"). SBA is also implementing this legislative change, and is making certain technical changes.

Source

Authoritative
Federal Register document
Machine
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