Executive Order 10634—Providing for Loans To Aid in the Reconstruction, Rehabilitation and Replacement of Facilities Which Are Destroyed or Damaged by a Major Disaster and Which Are Required for National Defense

By virtue of the authority vested in me by the Defense Production Act of 1950, as amended (50 U.S.C. App. 2061, et seq.) and as President of the United States, it is hereby ordered as follows:

Whenever financial assistance is not otherwise available on reasonable terms, provision may be made for loans (including participations in, or guarantees of, loans) under Section 302 of the Defense Production Act of 1950, as amended (50 U.S.C. App. 2092), to aid in carrying out the reconstruction, rehabilitation, or replacement of facilities which are destroyed or damaged by major disaster as defined and determined under the provisions of the Act entitled, "An Act to authorize Federal assistance to States or local Governments in major disasters, and for other purposes", (64 Stat. 1109), whenever such facilities are required for national defense as determined by the Director of the Office of Defense Mobilization.

DWIGHT D. EISENHOWER

THE WHITE HOUSE,

August 25, 1955.