Pub. L. 110-186, tit. II, sec. 205

RELIEF FROM TIME LIMITATIONS FOR VETERAN-OWNED SMALL BUSINESSES.

EnactedYear: 2008Length: 258 wordsOfficial source
SEC. 205. RELIEF FROM TIME LIMITATIONS FOR VETERAN-OWNED SMALL BUSINESSES. Section 3(q) of the Small Business Act (15 U.S.C. 632(q)) is amended by adding at the end the following:“(5) Relief from time limitations.—“(A) In general.—Any time limitation on any qualification, certification, or period of participation imposed under this Act on any program that is available to small business concerns shall be extended for a small business concern that—“(i) is owned and controlled by—“(I) a veteran who was called or ordered to active duty under a provision of law specified in section 101(a)(13)(B) of title 10, United States Code, on or after September 11, 2001; or“(II) a service-disabled veteran who became such a veteran due to an injury or illness incurred or aggravated in the active military, naval, or air service during a period of active duty pursuant to a call or order to active duty under a provision 122 STAT. 630 of law referred to in subclause (I) on or after September 11, 2001; and“(ii) was subject to the time limitation during such period of active duty.“(B) Duration.—Upon submission of proper documentation to the Administrator, the extension of a time limitation under subparagraph (A) shall be equal to the period of time that such veteran who owned or controlled such a concern was on active duty as described in that subparagraph.“(C) Exception for programs subject to federal credit reform act of 1990.—The provisions of subparagraphs (A) and (B) shall not apply to any programs subject to the Federal Credit Reform Act of 1990 (2 U.S.C. 661 et seq.).”.
Pub. L. 110-186, tit. II, sec. 205: RELIEF FROM TIME LIMITATIONS FOR VETERAN-OWNED SMALL BUSINESSES. | Justis AI