42 U.S.C. § 5162

Advance of non-Federal share

United States · Title 42 — THE PUBLIC HEALTH AND WELFARE · Status: effective

Cite this

Citation: 42 U.S.C. § 5162, Advance of non-Federal share, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/480241
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Full text

The President may lend or advance to an eligible applicant or a State the portion of assistance for which the State is responsible under the cost-sharing provisions of this chapter in any case in which— the State is unable to assume its financial responsibility under such cost-sharing provisions— Any loan or advance under this section shall be repaid to the United States. Loans and advances under this section shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current market yields on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the reimbursement period of the loan or advance. The President shall issue regulations describing the terms and conditions under which any loan or advance authorized by this section may be made.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

Enacted byPub. L. 93-288(S. 3062)1974-05-22
Disaster Relief Act of 1974
House: no recorded tallySenate: no recorded tally
Amended byPub. L. 100-707(H.R. 2707)1988-11-23
Major Disaster Relief and Emergency Assistance Amendments of 1987
House: no recorded tallySenate: no recorded tally