12 2 STA T .3586PUBLIC LA W 11 0– 32 9— S E PT. 30 , 2008 RURALDEV EL OPM E NTP RO G RAM S RURAL D EVELOPMENT D I SASTER ASSISTAN C E F UND Forg r ants, an df ort hec ostofd i rect and g u aranteed l oans, for authori z ed acti v ities of agencies of the Rural Develo pm ent M is - sion A rea, $150 ,000,000, to remain availa b le until e x pended, w hich shall be allocated as follows
$5 9 ,000,000 for single and multi- famil y housing activities
$ 4 0,000,000 for community facilities activities; $ 26 ,000,000 for utilities activities; and $25,000,000 for business activities: Provide d, T hat such funds shall be for areas affected by hurricanes, floods, and other natural disasters occurring during 200 8 for which the President declared a ma j or disaster under title IV of the Robert T .S tafford Disaster Relief and E mer- gency Assistance Act of 19 7 4: Provided fu r th er , That the cost of such direct and guaranteed loans, including the cost of modifying loans, shall be as defined in section 502 of the C ongressional B udget Act of 1974: Provided further, That the Secretary of Agriculture may reallocate funds made available in this paragraph among the 4 specified activities, if the Secretary notifies the Committees on Appropriations of the H ouse of Representatives and the Senate not less than 15 days prior to such reallocation. In addition, for an additional amount for grants, and for the cost of direct and guaranteed loans, for authorized activities of the Rural Housing Service, $ 3 8,000,000, to remain available until expended, for single and multi-family housing activities: Provided, That such funds shall be for areas affected by Hurricanes K atrina and Rita: Provided further, That the cost of such direct and guaran- teed loans, including the cost of modifying loans, shall be as defined in section 502 of the Congressional Budget Act of 1974. G E N ERA L PR O VISIONS, THIS CHAPTER ( INCLUDING TRANSFERS OF FUNDS ) SEC. 10101. ( a ) RURAL DEVELOPMENT DISASTER ASSISTANCE FUND. — Hereafter, there is established in the Treasury a fund enti- tled the ‘ ‘Rural Development Disaster Assistance Fund ’ ’. (b) PURPOSE AND AVAILA B ILIT Y OF FUND.—Subject to subsection (d), amounts in the Rural Development Disaster Assistance Fund shall be available to the Secretary of Agriculture, until expended, to provide additional amounts for authorized activities of agencies of the Rural Development Mission Area in areas affected by a disaster declared by the President or the Secretary of Agriculture. Amounts so provided shall be in addition to any other amounts available to carry out the activity. (c) W AIVER OF ACTIVITY OR PRO J ECT LIMITATIONS.—The Sec- retary of Agriculture may waive any limits on population, income, or cost-sharing otherwise applicable to an activity or project for which amounts in the Rural Development Disaster Assistance Fund will be obligated under subsection (b), except that, if the amounts proposed to be obligated in connection with the disaster would exceed the amount specified in subsection (h), the notification re q uired by that subsection shall include information and justifica- tion with regard to any waivers to be granted under this subsection. (d) TREATMENT OF CERTAIN AMOUNTS IN FUND.—Amounts appropriated directly to the Rural Development Disaster Assistance Fund by this Act or any subsequent Act for a specific purpose 7USC6945.Notif i ca tio n . De a dl ine.
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