TITLE 30

Military Affairs and Defense

CHAPTER 30-15.5

Community Disaster Loans in Major Disasters

SECTION 30-15.5-1



   § 30-15.5-1  Authority of governor. –

Whenever the governor has declared a disaster emergency to exist under the laws

of this state, or the president of the United States, at the request of the

governor, has declared a major disaster or emergency to exist in this state,

the governor is authorized:



   (1) Upon the determination by the governor that a local

government of the state will suffer a substantial loss of tax and other

revenues from a major disaster and has demonstrated a need for financial

assistance to perform its governmental functions, to apply to the federal

government, on behalf of the local government, for a loan; and to receive and

disburse the proceeds of any approved loan to any applicant local government;



   (2) To determine the amount needed by any applicant local

government to restore or resume its governmental functions, and to certify that

amount to the federal government; provided, however, that no application amount

shall exceed twenty-five percent (25%) of the annual operating budget of the

applicant for the fiscal year in which the major disaster occurs; and



   (3) To recommend to the federal government, based upon the

governor's review, the cancellation of all or any part of repayment when, in

the first three (3) full fiscal year period following the major disaster, the

revenues of the local government are insufficient to meet its operating

expenses, including additional disaster related expenses of a municipal

operation character.



History of Section.

(P.L. 1975, ch. 159, § 1.)