H.R. 4024 · 109th Congress
Community Disaster Loan Act of 2005
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BakerSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Community Disaster Loan Act of 2005 - Authorizes the transfer of up to $300 million in certain disaster relief funds to the Disaster Assistance Direct Loan Program (DADLP) for the cost of direct loans authorized by the Robert T. Stafford Disaster Relief and Emergency Assistance Act (the Act) to assist local governments in providing essential services.
What it does: CRS summary · Introduced in House · Oct 7, 2005
Community Disaster Loan Act of 2005 - Authorizes the transfer of up to $300 million in certain disaster relief funds to the Disaster Assistance Direct Loan Program (DADLP) for the cost of direct loans authorized by the Robert T. Stafford Disaster Relief and Emergency Assistance Act (the Act) to assist local governments in providing essential services. Authorizes the transfer, also, of up to $1 million of such funds to the DADLP for administrative expenses.
Amends the Act to eliminate the $5 million limit on the amount of any community disaster loans (but keep the limit of 25% of the local government annual operating budget for the fiscal year in which the major disaster occurs).
Repeals the requirement that repayment of all or part of any such loans be cancelled to the extent that the local government's revenues during the three fiscal years following the major disaster are insufficient to meet its operating budget. (Retains denial of such a government's eligibility for further assistance during any period in which it is in arrears on required repayment of such a loan.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Community Disaster Loan Act of 2005
Latest action (Oct 11, 2005): Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Policy area: Emergency Management · Origin: House · Introduced: Oct 7, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.