Application for Community Disaster Loan (CDL) Program
Revision of a currently approved collection
No
Emergency
12/21/2017
Approved with change
12/22/2017
12/21/2017
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
06/30/2018
6 Months From Approved
02/28/2018
259
0
256
905
0
899
0
0
0
The Loan Package for the Community Disaster Loan Program provides States, Local and Tribal governments that have suffered substantial loss of tax or other revenues as a result of a major disaster or emergency, the opportunity to obtain financial assistance in order to perform their governmental functions. Local governments can submit a loan package for the Community Disaster Loan Program. This loan must be justified on the basis of need and actual expenses.
The Community Disaster Loan (CDL) Program is authorized by Section 417 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, Pub. L. 93-288, Public Law 115-72, as amended, 42 U.S.C. §§ 5121-5207 (the âStafford Actâ). The Stafford Act provides policies and procedures for local governments and State and Federal officials concerning the CDL program. FEMA regulations at 44 CFR, Part 206, Subpart K, implement the statute. The Assistant Administrator may make a CDL to any local government which has suffered a substantial loss of tax or other revenues as a result of a major disaster or emergency and which demonstrates a need for Federal financial assistance in order to perform its governmental functions.
In response to the series of devastating disasters in 2008, Congress passed the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009, Pub. L. 110-329. This Act provided an additional $7,960,000,000 for âDisaster Reliefâ to remain available until expended, provided that, of the amount provided, up to $98,150,000 may be transferred to the âDisaster Assistance Direct Loan Program Accountâ for the cost of direct loans as authorized under section 417 of the Stafford Act (42 U.S.C. 5184), of which up to $4,200,000 is for administrative expenses to carry out the direct loan program. Further, it is required that such transfers may be made to subsidize gross obligations for the principal amount of direct loans not to exceed $100,000,000 under section 417 of the Stafford Act.
US Code:
42 USC 5184
Name of Law: Community Disaster Loans
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Government of Virgin Island - Promissory Note