42 USC 5162 - Advance of non-Federal share

U.S Code last checked for updates: Nov 22, 2024

§ 5162.

Advance of non-Federal share

(a)

In general

The President may lend or advance to an eligible applicant or a State the portion of assistance for which the State is responsible under the cost-sharing provisions of this chapter in any case in which—

(1)

the State is unable to assume its financial responsibility under such cost-sharing provisions—

(A)

with respect to concurrent, multiple major disasters in a jurisdiction, or

(B)

after incurring extraordinary costs as a result of a particular disaster; and

(2)

the damages caused by such disasters or disaster are so overwhelming and severe that it is not possible for the applicant or the State to assume immediately their financial responsibility under this chapter.

(b)

Terms of loans and advances

(1)

In general

(2)

Interest

(c)

Regulations

(Pub. L. 93–288, title III, § 319, as added Pub. L. 100–707, title I, § 105(m)(1), Nov. 23, 1988, 102 Stat. 4695.)

cite as: 42 USC 5162