Title 48 — Territories and Insular PossessionsRelease 119-73
§54 [Extension of Term of Home Disaster Loans.]
Title 48 › Chapter CHAPTER 2— - ALASKA › § 54
Summary
SBA loans to repair or rebuild Alaska homes damaged by the 1964 earthquake and later seismic waves can be repaid in up to 30 years. Section 7(c) does not apply to these loans.
Full Legal Text
Title 48, §54
Territories and Insular Possessions — Source: USLM XML via OLRC
Loans made pursuant to paragraph (1) of section 7(b) of the Small Business Act (72 Stat. 387), as amended (15 U.S.C. 636(b)), for the purpose of replacing, reconstructing, or repairing dwellings in Alaska damaged or destroyed by the 1964 earthquake and subsequent seismic waves, may have a maturity of up to thirty years: Provided, That the provisions of section 7(c) of said Act [15 U.S.C. 636(c)] shall not be applicable to such loans. (Added Pub. L. 88–451, § 4, Aug. 19, 1964, 78 Stat. 506.)
Reference
Citations & Metadata
Citation
48 U.S.C. § 54
Title 48 — Territories and Insular Possessions
Last Updated
Apr 6, 2026
Release point: 119-73