S. 1617: Disaster Assistance for Rural Communities Act
Legislation Details
117th Congress
A bill to modify the requirements for the Administrator of the Small Business Administration relating to declaring a disaster in a rural area, and for other purposes.
Sponsor: Sen. James Risch — R — ID
Authorizes the Small Business Administration (SBA) to declare a disaster in rural areas where significant damage has been incurred for the purpose of providing certain assistance. A rural area is a county or political subdivision designated as such by the Census Bureau. Significant damage means uninsured losses of not less than 40% of the fair replacement value or pre-disaster fair market value of the damaged property (whichever is less)...
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