H.R.4012 - Community Disaster Loan Equity Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Maloney, Carolyn B. [D-NY-14] (Introduced 10/07/2005)|
|Committees:||House - Transportation and Infrastructure|
|Latest Action:||House - 10/11/2005 Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4012 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in House (10/07/2005)
Community Disaster Loan Equity Act of 2005 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to authorize the President to make community disaster loans to state governments. Eliminates the $5 million limit on such a loan, and prohibits the President from requiring its repayment, if the state or local government receiving it may suffer a substantial loss of tax and other revenues as a result of a major disaster determined to be an incident of national significance.
Applies this Act to any major disaster occurring on or after August 24, 2005.