Disaster loan areas: New York,

[Federal Register: January 29, 1998 (Volume 63, Number 19)]

[Notices]

[Page 4518]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr29ja98-154]

[[Page 4518]]

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3046]

State of New York

As a result of the President's major disaster declaration on January 10, 1998 and an amendment thereto on January 12, I find that Clinton, Essex, Franklin, Jefferson, Lewis, and St. Lawrence Counties in the State of New York constitute a disaster area due to damages caused by severe winter and ice storms, high winds, and flooding beginning on January 5, 1998 and continuing. Applications for loans for physical damages as a direct result of this disaster may be fileduntil the close of business on March 10, 1998, and for loans for economic injury until the close of business on October 13, 1998 at the address listed below or other locally announced locations: U.S. Small Business Administration, Disaster Area 1 Office, 360 Rainbow Blvd. South, 3rd Floor, Niagara Falls, NY 14303.

In addition, applications for economic injury loans from small businesses located in the contiguous counties of Hamilton, Herkimer, Oneida, Oswego, Warren, and Washington in the State of New York, and Addison, Chittenden, and Grand Isle Counties in the State of Vermont may be fileduntil the specified date at the above location.

The interest rates are:

Percent

Physical damage:

Homeowners with credit available elsewhere.................. 7.625 Homeowners without credit available elsewhere............... 3.812 Businesses with credit available elsewhere.................. 8.000 Businesses and non-profit organizations without credit

available elsewhere........................................ 4.000 Others (including non-profit organizations) with credit

available elsewhere........................................ 7.125 For economic injury:

Businesses and small agricultural cooperatives without

credit available elsewhere................................. 4.000

The number assigned to this disaster for physical damage is 304611. For economic injury the numbers are 971200 for New York and 971300 for Vermont.

(Catalog of Federal Domestic Assistance Program Nos. 59002 and 59008)

Dated: January 15, 1998. Herbert L. Mitchell, Acting Associate Administrator for Disaster Assistance.

[FR Doc. 98-2231Filed1-28-98; 8:45 am]

BILLING CODE 8025-01-P