Rhode Island Emergency Assistance Act of 1991

Summary

Rhode Island Emergency Assistance Act of 1991 - Requires the Director of the Federal Emergency Management Agency (the Director) to lend specified sums to the State of Rhode Island to expedite the repayment of depositors at State-chartered banks and credit unions in receivership, and to facilitate receivership resolution. Establishes an annual 6 percent interest rate on such loans. Requires the Director to guarantee the repayment of specified maximum amounts borrowed by the State of Rhode Island, or the Depositors Economic Protection Corporation to expedite depositor repayment. Authorizes appropriations. Designates this Act as an emergency requirement for purposes of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), and declares that the President is deemed to have designated each provision of this Act as an emergency requirement for purposes of Gramm-Rudman-Hollings.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 June 1991

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.