§ 30-15.5-1 Authority of governor. –Whenever the governor has declared a disaster emergency to exist under the lawsof this state, or the president of the United States, at the request of thegovernor, 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 localgovernment of the state will suffer a substantial loss of tax and otherrevenues from a major disaster and has demonstrated a need for financialassistance to perform its governmental functions, to apply to the federalgovernment, on behalf of the local government, for a loan; and to receive anddisburse the proceeds of any approved loan to any applicant local government;
(2) To determine the amount needed by any applicant localgovernment to restore or resume its governmental functions, and to certify thatamount to the federal government; provided, however, that no application amountshall exceed twenty-five percent (25%) of the annual operating budget of theapplicant for the fiscal year in which the major disaster occurs; and
(3) To recommend to the federal government, based upon thegovernor's review, the cancellation of all or any part of repayment when, inthe first three (3) full fiscal year period following the major disaster, therevenues of the local government are insufficient to meet its operatingexpenses, including additional disaster related expenses of a municipaloperation character.
§ 30-15.5-1 Authority of governor. –Whenever the governor has declared a disaster emergency to exist under the lawsof this state, or the president of the United States, at the request of thegovernor, 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 localgovernment of the state will suffer a substantial loss of tax and otherrevenues from a major disaster and has demonstrated a need for financialassistance to perform its governmental functions, to apply to the federalgovernment, on behalf of the local government, for a loan; and to receive anddisburse the proceeds of any approved loan to any applicant local government;
(2) To determine the amount needed by any applicant localgovernment to restore or resume its governmental functions, and to certify thatamount to the federal government; provided, however, that no application amountshall exceed twenty-five percent (25%) of the annual operating budget of theapplicant for the fiscal year in which the major disaster occurs; and
(3) To recommend to the federal government, based upon thegovernor's review, the cancellation of all or any part of repayment when, inthe first three (3) full fiscal year period following the major disaster, therevenues of the local government are insufficient to meet its operatingexpenses, including additional disaster related expenses of a municipaloperation character.
§ 30-15.5-1 Authority of governor. –Whenever the governor has declared a disaster emergency to exist under the lawsof this state, or the president of the United States, at the request of thegovernor, 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 localgovernment of the state will suffer a substantial loss of tax and otherrevenues from a major disaster and has demonstrated a need for financialassistance to perform its governmental functions, to apply to the federalgovernment, on behalf of the local government, for a loan; and to receive anddisburse the proceeds of any approved loan to any applicant local government;
(2) To determine the amount needed by any applicant localgovernment to restore or resume its governmental functions, and to certify thatamount to the federal government; provided, however, that no application amountshall exceed twenty-five percent (25%) of the annual operating budget of theapplicant for the fiscal year in which the major disaster occurs; and
(3) To recommend to the federal government, based upon thegovernor's review, the cancellation of all or any part of repayment when, inthe first three (3) full fiscal year period following the major disaster, therevenues of the local government are insufficient to meet its operatingexpenses, including additional disaster related expenses of a municipaloperation character.
