Disaster Relief Act of 1965: July 19 and 20, 1966 (89-22)

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Committee Serial No. 89-22. Considers S. 1861 and 11 related bills, to create standby disaster relief authority and programs. Pt. 2: Continuation of hearings on S. 1861, to provide Federal and state grants, and readjusted Housing and Home Finance Agency, VA, and SBA loans for disaster victims.
 

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Page 116 - Such loans shall bear interest at a rate not less than (i) a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, adjusted to the nearest one-eighth of 1 per centum, plus (ii) an allowance adequate in the judgment of the administering agency to cover administrative costs and probable losses under the...
Page 108 - Spellman, we want to thank you and the other distinguished members of this Subcommittee for the opportunity to appear again and to restate our opposition to certain changes proposed in the Federal Wage System.
Page 135 - An eligible project is any project of an eligible applicant for flood control, navigation, irrigation, reclamation, public power, sewage treatment, water treatment, watershed development, or airport construction...
Page 117 - Secretary determines to be reasonable, taking into account the range of interest rates prevailing in the private market for similar loans and the risks assumed by the United States.
Page 116 - ... a rate determined by the Secretary of the Treasury, taking into consideration the average market yield on outstanding Treasury obligations of comparable maturity, plus (2) such additional charge, if any, toward covering other costs of the program as the Director may determine to be consistent with its purposes...
Page 132 - Congress to provide an orderly and continuing means of assistance by the Federal Government to States and local governments in carrying out their responsibilities to alleviate suffering and damage resulting from major disasters, to repair essential public facilities in major disasters, and to foster the development of such State and local organizations and plans to cope with major disasters as may be necessary.
Page 98 - Development shall undertake an immediate study of alternative programs which could be established to help provide financial assistance to those suffering property losses in flood and other natural disasters...
Page 151 - Cross, but nothing contained in this Act shall be construed to limit or in any way affect the responsibilities of the American National Red Cross under the Act approved January 5, 1905 (33 Stat.
Page 117 - (A) provide for complete amortization by periodic payments within such term as the Secretary shall prescribe, and "(B) bear interest (exclusive of premium charges for insurance and service charges, if any) at not to exceed such per centum per annum on the principal obligation outstanding at any time as the Secretary finds necessary to meet the mortgage market.
Page 114 - Agency; Any executive department or independent commission, board bureau, office, agency, Government-owned or controlled corporation, or other establishment of the Government, including regulatory commission or board, and also the municipal government of the District of Columbia, but not including agencies of the legislative or judicial branches of the Government.