View all text of Subchapter III [§ 1471 - § 1490t]
§ 1490q. Disaster assistance
(a) Authority
(1) In general
(2) Amount
Subject to the availability of amounts pursuant to appropriations Acts, assistance under paragraph (1) shall be made in an amount equal to the product of—
(A) the sum of the official State estimate of the number of dwelling units in the counties described in paragraph (1) within the eligible service area of the Farmers Home Administration (or otherwise if the Secretary provides for a waiver under subsection (d)) that are destroyed or seriously damaged; and
(B) 20 percent of the average cost of all dwelling units assisted by the Secretary in the State during the previous 3 years.
(b) Use
(c) Eligibility
(d) Waiver of rural area requirements
(e) Rural Housing Insurance Fund
(July 15, 1949, ch. 338, title V, § 541, as added Pub. L. 101–625, title IX, § 934, Nov. 28, 1990, 104 Stat. 4404; amended Pub. L. 102–550, title VII, § 713, Oct. 28, 1992, 106 Stat. 3842.)