[United States Statutes at Large, Volume 119, 109th Congress, 1st Session]
[From the U.S. Government Publishing Office, www.gpo.gov]

119 STAT. 2061

Public Law 109-88
109th Congress

An Act


 
To provide for community disaster loans.  NOTE: Oct. 7, 2005 -  [S.
1858]

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,  NOTE: Community
Disaster Loan Act of 2005.

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Community Disaster Loan Act of
2005''.

SEC. 2. DISASTER LOANS.

(a) Essential Services.--Of the amounts provided in Public Law 109-
62 for ``Disaster Relief'', up to $750,000,000 may be transferred to the
Disaster Assistance Direct Loan Program for the cost of direct loans as
authorized under section 417 of the Robert T. Stafford Disaster Relief
and Emergency Assistance Act (42 U.S.C. 5184) to be used to assist local
governments in providing essential services: Provided, That such
transfer may be made to subsidize gross obligations for the principal
amount of direct loans not to exceed $1,000,000,000 under section 417 of
the Stafford Act: Provided further, That notwithstanding section 417(b)
of the Stafford Act, the amount of any such loan issued pursuant to this
section may exceed $5,000,000: Provided further, That notwithstanding
section 417(c)(1) of the Stafford Act, such loans may not be canceled:
Provided further, That the cost of modifying such loans shall be as
defined in section 502 of the Congressional Budget Act of 1974 (2 U.S.C.
661a).
(b) Administrative Expenses.--Of the amounts provided in Public Law
109-62 for ``Disaster Relief'', up to $1,000,000 may be transferred to
the Disaster Assistance Direct Loan Program

[[Page 2062]]
119 STAT. 2062

for administrative expenses to carry out the direct loan program, as
authorized by section 417 of the Stafford Act.

Approved October 7, 2005.

LEGISLATIVE HISTORY--S. 1858:
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CONGRESSIONAL RECORD, Vol. 151 (2005):
Oct. 7, considered and passed Senate and House.