PUBLIC LAW 9 4 - 3 0 5 — J U N E 4, 1976
90 STAT. 6 6 3
Public Law 94-305 94th Congress An Act To amend the Small Business Act and Small Business Investment Act of 1958 to provide additional assistance under such Acts, to create a pollution control financing program for small business, and for other purposes. Be it enacted by the Senate and House of Representatives United States of Amenca in Congress assembled, TITLE I—SMALL BUSINESS
DEVELOPMENT
TRANSFER OF DISASTER RELIEF AUTHORITY
June 4. 1976 [S. 2498]
of the Small Business Act and Small Business Investment Act of 1958, amendments.
SEC. 101. The President shall undertake a comprehensive review Report to of all Federal disaster loan authorities and shall make a report to the Congress. Congress, not later than December 1, 1976, containing such recommen- 15 USC 636 dations and legislative proposals, including possible consolidation of note. Federal disaster loan authorities, as may be demonstrated to be ne<jess a i y and a p p r o p r i a t e to assure the most effective and efficient delivery of disaster relief. Such study shall give particular emphasis to alleviating any extraordinary burden the management of Federal disaster loan programs may impose on an agency. POLLUTION CONTROL
SEC. 102. Part A of title IV of the Small Business Investment Act of 1958 is amended by adding at the end thereof the following new sections: Definitions. " SEC. 404. (a) For purposes of this section, the term— " (1) 'pollution control facilities' means such property (both 15 USC 694-1. real and personal) as the Administration in its discretion determines is likely to help prevent, reduce, abate, or control noise, air or water pollution or contamination by removing, altering, disposing or storing pollutants, contaminants, wastes, or heat, and such property (both real and personal) as the Administration determines will be used for the collection, storage, treatment, utilization, processing, or final disposal of solid or liquid waste. " (2) 'person' includes corporations, companies, associations, firms, partnerships, societies, joint stock companies. States, territories, and possessions of the United States, or subdivisions of any of the foregoing, and the District of Columbia, as well as individuals. " (3) 'qualified contract' means a lease, sublease, loan agreement, installment sales contract, or similar instrument, entered into between a small business concern and any person. " (b) The Administration may, whenever it determines that small Guarantees, business concerns are or are likely to be at an operational or financing disadvantage with other business concerns with respect to the planning, design, or installation of pollution control facilities, or the obtaining of financing therefor (including financing by means of revenue bonds issued by States, political subdivisions thereof, or other public bodies), guarantee the payment of rentals or other amounts due under qualified
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