Pub. L. 114-88, div. B, tit. I, sec. 2104

FAST PROGRAM.

EnactedYear: 2015Length: 202 wordsOfficial source
SEC. 2104. FAST PROGRAM.(a) Definitions.—Section 34(a) of the Small Business Act (15 U.S.C. 657d(a)) is amended—(1) by redesignating paragraphs (3) through (9) as paragraphs (4) through (10), respectively; and(2) by inserting after paragraph (2) the following:“(3) Catastrophic incident.—The term ‘catastrophic incident’ means a major disaster that is comparable to the description of a catastrophic incident in the National Response Plan of the Administration, or any successor thereto.”.(b) Priority.—Section 34(c)(2) of the Small Business Act (15 U.S.C. 657d(c)(2)) is amended—(1) in subparagraph (A), by striking “and” at the end;(2) in subparagraph (B)(vi)(III), by striking the period at the end and inserting “; and”; and(3) by adding at the end the following:“(C) shall give special consideration to an applicant that is located in an area affected by a catastrophic incident.”.129 STAT. 692(c) Additional Assistance.—Section 34(c) of the Small Business Act (15 U.S.C. 657d(c)) is amended by adding at the end the following:“(5) Additional assistance for catastrophic incidents.—Upon application by an applicant that receives an award or has in effect a cooperative agreement under this section and that is located in an area affected by a catastrophic incident, the Administrator may—“(A) provide additional assistance to the applicant; and“(B) waive the matching requirements under subsection (e)(2).”.
Pub. L. 114-88, div. B, tit. I, sec. 2104: FAST PROGRAM. | Justis AI