H.R.1130 - Whatever It Takes To Rebuild Act

To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to modify the terms of the community disaster loan program, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Whatever It Takes To Rebuild Act as introduced.
  • Official: To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to modify the terms of the community disaster loan program, and for other purposes. as introduced.

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Introduced
 
House
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Senate
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President
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02/23/09
 
 
 
 
 
 
 

Official Summary

Whatever It Takes to Rebuild Act - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to: (1) authorize the President to make disaster loans to any state government that suffers a substantial loss of tax and other revenue as a result of a major disaster and demonstra

Official Summary

Whatever It Takes to Rebuild Act - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to:
(1) authorize the President to make disaster loans to any state government that suffers a substantial loss of tax and other revenue as a result of a major disaster and demonstrates a need for financial assistance in order to perform its governmental functions;
(2) repeal the $5 million cap for disaster loans; and
(3) exempt a disaster loan made to a state or local government that suffers a substantial loss of revenues as a result of a major disaster the President determines to be a catastrophic event from the percentage of the annual state or local government operating budget limitations and from the payment of any interest or principal.

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