FR 2024-31453

Overview

Title

Administrative Declaration of a Disaster for the State of Washington

Agencies

ELI5 AI

The government is giving money help to people in Washington State because a very strong storm called a "bomb cyclone" happened, and it made a big mess. People can ask for this money help in two ways: some need to ask by February 21, 2025, and others have until September 23, 2025, to ask for it.

Summary AI

The U.S. Small Business Administration issued a notice declaring a disaster in Washington State because of a bomb cyclone that occurred from November 17 to November 25, 2024. People affected by the disaster in the primary county of King and the surrounding counties can apply for disaster loans online through the MySBA Loan Portal. The deadline for physical loan applications is February 21, 2025, and for economic injury loan applications, it is September 23, 2025. Contact information and further details for loan applications are provided for those who need assistance.

Abstract

This is a notice of an Administrative declaration of a disaster for the State of Washington dated December 23, 2024. Incident: Bomb Cyclone.

Type: Notice
Citation: 90 FR 124
Document #: 2024-31453
Date:
Volume: 90
Pages: 124-124

AnalysisAI

The U.S. Small Business Administration (SBA) has issued a notice regarding the administrative declaration of a disaster in the State of Washington due to a bomb cyclone. This extreme weather event occurred from November 17 to November 25, 2024. The declaration outlines how affected individuals and businesses in the primary county of King, as well as surrounding counties like Chelan, Kitsap, and others, can apply for disaster assistance loans. This notice encapsulates significant information regarding loan application deadlines, procedures, and contact avenues for further assistance.

Summary of the Document

This document functions as an official announcement by the SBA, establishing that disaster loans are now available to those impacted by the bomb cyclone in Washington State. It delineates the application process through the MySBA Loan Portal and provides critical deadlines: February 21, 2025, for physical loan applications and September 23, 2025, for Economic Injury Disaster Loans (EIDL). Key details such as where affected individuals can submit applications and contact information for assistance are included, which are vital for ensuring impacted residents have access to recovery resources.

Significant Issues or Concerns

There are notable omissions and ambiguities that could raise questions or concerns among stakeholders. Firstly, the document does not provide detailed funding amounts or specific budget allocations, which could be critical for transparency and for stakeholders to forecast available resources. Additionally, while it lists counties affected, it lacks clarity on how the SBA intends to oversee the allocation to avoid unfair distribution or preferential treatment.

Another concern is the difference in deadlines for the two types of loans without providing an explanation. Understanding why the EIDL deadline is much later than the physical loan deadline could be important for applicants in planning their recovery timelines. Furthermore, the document refers to interest rates but fails to provide specific numbers, which could lead to confusion as applicants try to evaluate their financial options.

Lastly, the document employs the technical term "bomb cyclone" without offering a layperson-friendly explanation. This might leave those unfamiliar with meteorological terms uncertain about the nature and severity of the incident.

Impact on the Public Broadly

This disaster declaration is critical as it opens financial avenues for recovery to those affected in Washington State. Providing access to loans could be extremely beneficial for rebuilding efforts, allowing affected residents and businesses to return to a semblance of normalcy. However, the accessibility and success of this assistance heavily depend on clear communication, transparency about the process, and efficient administration of loans.

Impact on Stakeholders

For those directly impacted by the bomb cyclone, this notice represents a lifeline offering necessary funds to repair and rebuild homes and businesses. Prompt application and approval could significantly alleviate the burden of recovery. However, the lack of clarity on loan terms, distribution fairness, and oversight might cause delays or inequities in aid allocation.

For financial institutions and local governments, the document may necessitate collaboration with federal authorities to ensure successful administration and oversight of emergency funds. This could impose additional responsibilities to monitor fair and prompt distribution of loans.

Overall, while the declaration of disaster loans is a positive action, ensuring transparency, diligent oversight, and addressing the noted concerns is essential for it to truly be effective in aiding disaster-stricken communities.

Issues

  • • The document does not specify any funding amounts or budget allocations, which could make it difficult to assess for potential wasteful spending.

  • • There is no indication of how the SBA will oversee the allocation of loans to ensure fair distribution and prevent preferential treatment.

  • • The deadline for the Economic Injury (EIDL) Loan Application is significantly later than the Physical Loan Application Deadline, which might be unclear without additional context on why the deadlines differ.

  • • The term 'Bomb Cyclone' is used without a layman-friendly explanation, which might not be immediately understandable to all readers.

  • • The document references an interest rate section ('The Interest Rates are:') but does not provide any actual rates, which could cause confusion or be seen as incomplete information.

Statistics

Size

Pages: 1
Words: 359
Sentences: 19
Entities: 40

Language

Nouns: 127
Verbs: 15
Adjectives: 8
Adverbs: 4
Numbers: 32

Complexity

Average Token Length:
5.39
Average Sentence Length:
18.89
Token Entropy:
4.76
Readability (ARI):
16.21

Reading Time

about a minute or two