Pub. L. 100-590, tit. I, sec. 120

DISASTER ASSISTANCE.

EnactedYear: 1988Length: 115 wordsOfficial source
SEC. 120. DISASTER ASSISTANCE. (a) Economic Injury.— Section 7(c) of the Small Business Act (15 U.S.C. 636(c)) is amended by adding the following new paragraph: “(7) The Administration shall not withhold disaster assistance pursuant to this paragraph to nurseries who are victims of drought disasters. As used in section 7(b)(2) the term “an area affected by a disaster” includes any county, or county contiguous thereto, determined to be a disaster by the President, the Secretary of Agriculture or the Administrator of the Small Business Administration.”. (b) Interest Rates.— Section 7(c) of the Act is further amended by striking “business concern” from paragraph (5)(C) and inserting in lieu thereof “business or other concern, including agricultural cooperatives,”.
Pub. L. 100-590, tit. I, sec. 120: DISASTER ASSISTANCE. | Justis AI