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
“Stafford Act”). 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 “Disaster Relief” to remain available
until expended, provided that, of the amount provided, up to
$98,150,000 may be transferred to the “Disaster Assistance Direct
Loan Program Account” 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.
Form FEMA Form 116-0-1c Government of Virgin Island - Promissory Note
1660-0083 Emergency Memo.pdf
Round2 Supporting Statement A 1660-0083 Part A (GVI-JFL-RSMC) 2017.11.30.docx
Government of Virgin Island - Promissory Note