The Small Business Administration disaster loan account is set at $406,000,000
What the document says“the level for ``Small Business Administration--Disaster Loans Program Account'' shall be $406,000,000”
Section 1604 sets the level and substitutes $396,000,000 for $165,000,000 in the division B heading of Public Law 118-47. Of the funds made available by section 1101 under the heading, $374,000,000 is for major disasters declared under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122(2)) and carries a disaster relief designation.
What the document actually says“the level for ``Small Business Administration--Disaster Loans Program Account'' shall be $406,000,000”
The disaster loan account is set at $406,000,000.
The loans go to firms hit by a storm or fire. Most of the money is tied to declared disasters. That part carries a special mark.
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