Summary

WHEN THE RELIEF FUNDS APPROPRIATED ARE IN A LESSER AMOUNT THAN AUTHORIZED BY THE ACT. THE AUTHORIZATION FOR APPROPRIATED FUNDS CONTAINED IN THE 1965 ACT CONTEMPLATING THAT THE ADMINISTRATION WILL MAINTAIN ITS REVOLVING FUND FOR THE LOAN PROGRAMS FOR WHICH THE FUND WAS ESTABLISHED. THE FACT THAT A LESSER AMOUNT WAS APPROPRIATED FOR THE RELIEF PROGRAM THAN AUTHORIZED DOES NOT LEAVE THE ADMINISTRATION FREE TO CHARGE THE REVOLVING FUND WITH THE AMOUNTS OF EXCESS RELIEF. THE SOUTHEAST HURRICANE DISASTER RELIEF ACT OF 1965 IS A TEMPORARY MEASURE TO PROVIDE SPECIAL ASSISTANCE IN AREAS OF THE STATES OF FLORIDA. AUTHORIZED IS THE PARTIAL FORGIVENESS OF PRINCIPAL OR INTEREST ON LOANS MADE UNDER THE DISASTER LOAN PROGRAM ADMINISTERED BY THE SMALL BUSINESS ADMINISTRATION (15 U.S.C. 636/B/).