H.R.5523 - Community Disaster Loan Equity Act of 2002107th Congress (2001-2002)
||Rep. Maloney, Carolyn B. [D-NY-14] (Introduced 10/02/2002)
||House - Transportation and Infrastructure
||10/02/2002 Referred to the House Committee on Transportation and Infrastructure. (All Actions)
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Introduced in House (10/02/2002)
Community Disaster Loan Equity Act of 2002 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to: (1) authorize the President to make community disaster loans to State governments; (2) eliminate the $5 million limit on the amount of any such loan; and (3) prohibit the President from requiring the payment of any interest or principal on such a loan made to a State or local government which may suffer a substantial loss of tax and other revenues as a result of a major disaster caused by a terrorist attack. Provides that this Act shall apply to any major disaster occurring on or after October 30, 2000.