[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR123.406]

[Page 283]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 123--DISASTER LOAN PROGRAM--Table of Contents
 
Sec. 123.406  How do I apply for a pre-disaster mitigation loan and which loans will be funded?

    (a) At the beginning of each fiscal year commencing October 1st 
1999, SBA will publish a declaration in the Federal Register announcing 
the availability of pre-disaster mitigation loans. The declaration will 
designate at least a 30 day application filing period in the first six 
months of the fiscal year, the application filing deadline, and the 
locations for obtaining and filing loan applications. Additional 
application periods may be announced each year depending on the 
availability of funds. In addition to the Federal Register, SBA will use 
FEMA and the local media to inform potential loan applicants where to 
obtain loan applications. SBA will not accept any applications after the 
announced deadline unless SBA reopens the application filing period.
    (b) Complete an SBA pre-disaster mitigation loan application package 
which includes a written statement from the local Project Impact 
coordinator that the project is in accordance with the specific 
priorities and goals of the local community. The application must be 
filed during the announced filing period.
    (c) An SBA Disaster Area Office will notify the Office of Disaster 
Assistance (ODA) when it has accepted a complete application for 
processing. The Area Office will approve, decline, or withdraw (stop 
processing) the application if the applicant does not give SBA required 
information. The Area Office will notify ODA of its decision. ODA will 
then direct the Area Office to make the loan based on availability of 
loan funds and the date SBA accepted the complete application package.