Rehabilitation of Flood-stricken Areas: Hearings ... 82d Congress, 1st Session

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1951 - 345 páginas
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Página 33 - Major disaster" means any flood, drought, fire, hurricane, earthquake, storm, or other catastrophe in any part of the United States which, in the determination of the President, is or threatens to be of sufficient severity and magnitude to warrant disaster assistance by the Federal Government to supplement the efforts and available resources of States...
Página 152 - Administration also is empowered — (1) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate because of floods or other catastrophes...
Página 152 - That the foregoing powers shall be subject to the following restrictions and limitations : (1) No financial assistance shall be extended pursuant to (a) above unless the financial assistance applied for is not otherwise available on reasonable terms...
Página 112 - No advance of public money shall be made in any case unless authorized by the appropriation concerned, or other law.
Página 152 - ... of such sound value or so secured as reasonably to assure retirement or repayment...
Página 152 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist...
Página 152 - ... loans, wherein the Corporation's disbursements are deferred, such participations by the Corporation shall be limited to 70 per centum of the balance of the loan outstanding at the time of the disbursement, in those cases where the total amount borrowed is $100,000 or less, and shall be limited to 60 pr centum of the balance outstanding at the time of disbursement, in those cases where the total amount borrowed is over $100,000.
Página 154 - B stock of the association in an amount equal in fair book value (not to exceed par), as determined by the association, to $5 per $100 or fraction thereof of the amount of the loan. Such stock shall not be canceled or retired upon payment of the loan but may be transferred or exchanged as provided in section 21 of this Act.
Página 261 - If I can be of further assistance to you in this matter, please do not hesitate to call on me. Sincerely yours, CB JONES, Rear Admiral, US Navy, Chief of Legislative Affairs. Costs of nuclear propulsion in the "Enterprise...

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