Southeast Hurricane Disaster (Hurricane Betsy): Hearing Before the Committee on Public Works, House of Representatives, Eighty-ninth Congress, First Session, on H.R. 11539, and Similar Bills, Washington, D.C., October 13, 1965

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U.S. Government Printing Office, 1965 - Disaster relief - 61 pages
Committee Serial No. 89-21. Considers H.R. 11539, to provide assistance to Florida, Louisiana and Mississippi to repair damage from Hurricane Betsy.

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Page 36 - An Act to authorize Federal assistance to States and local governments in major disasters, and for other purposes...
Page 20 - ... for the repair, rehabilitation, or replacement of property damaged or destroyed, without regard to whether the required financial assistance is otherwise available from private sources...
Page 36 - In the administration of the disaster loan program under section 7 (b) (1) of the Small Business Act, as amended (15 USC 636(b) ), in the case of property loss or damage in...
Page 23 - CONGRESS, EIGHTH DISTRICT OP LOUISIANA Mr. Chairman, I would like to express to you and the members of this committee my sincere thanks and appreciation for the positive action that you are taking to establish legislation that will aid reconstruction of areas damaged by Hurricane Betsy. Relief legislation is the only avenue available to a great number of people in my State and district. Much of the loss sustained was uninsurable and unsalvagable. A large number of persons are homeless, and many are...
Page 21 - ... without regard to whether the required financial assistance is otherwise available from private sources, and may waive interest payments and defer principal payments on such a loan for the first 3 years of the term of the loan.
Page 6 - major disaster" as defined in section 2(a) of the Act of September 30, 1950 (42 USC 1855a(a)), the Small Business Administration, to the extent such loss or damage Is not compensated for by Insurance or otherwise...
Page 2 - 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 45 - CRAMER. $70 million is the protective maximum amount? Mr. STAATS. We would so regard it. Mr. CRAMER. To reduce it to $50 million, for instance, you would run a risk of not being able to fully carry out the purposes? Mr. STAATS. That is correct. Mr. CRAMER. You recommend $70 million? Mr. STAATS. Yes, sir. As a maximum, yes, sir. Mr. GRAY. Any other questions or comments? If not, thank you very much, Mr. Staats and your assistant. The next witness will be Mr. Ross B. Davis, Executive Administrator,...
Page 36 - Administration — [ ( 1 ) to the extent such loss or damage is not compensated for by insurance or otherwise, (A) shall at the borrower's option on that part of any loan in excess of $500...
Page 1 - Administration, to the extent such loss or damage is not compensated for by insurance or otherwise, may lend to a privately owned college or university without regard to whether the required financial assistance is otherwise available...

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