S.3055 - Community Disaster Loan Equity Act of 2002107th Congress (2001-2002)
||Sen. Clinton, Hillary Rodham [D-NY] (Introduced 10/03/2002)
||Senate - Environment and Public Works
|| Senate - 10/03/2002 Read twice and referred to the Committee on Environment and Public Works. (All Actions)
This bill has the status Introduced
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Introduced in Senate (10/03/2002)
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 suffers 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.