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TITLE XVI--INDUSTRIAL BASE MATTERS Subtitle C--Matters Relating to Small Business Concerns |
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P. L. 112- |
House Conference Report 112-705 |
SEC. 1698. SMALL BUSINESS HUBZONES.(a) Definition- In this section, the term `covered base closure area' means a base closure area that, on or before the date of enactment of this Act, was treated as a HUBZone for purposes of the Small Business Act (15 U.S.C. 631 et seq.) pursuant to section 152(a)(2) of the Small Business Reauthorization and Manufacturing Assistance Act of 2004 (15 U.S.C. 632 note). (b) Treatment as HUBZone- (1) IN GENERAL- Subject to paragraph (2), a covered base closure area shall be treated as a HUBZone for purposes of the Small Business Act (15 U.S.C. 631 et seq.) during the 5-year period beginning on the date of enactment of this Act. (2) LIMITATION- The total period of time that a covered base closure area is treated as a HUBZone for purposes of the Small Business Act (15 U.S.C. 631 et seq.) pursuant to this section and section 152(a)(2) of the Small Business Reauthorization and Manufacturing Assistance Act of 2004 (15 U.S.C. 632 note) may not exceed 5 years. |
Small Business HUBZones (sec. 1698)
The Senate amendment contained a provision (sec. 889E) that would provide extended eligibility for the HUBZone program administered by the Small Business Administration (SBA) to base closure areas that were unable to avail themselves of the full 5-year term provided by law due to delays in processing by the SBA. The House bill contained no similar provision. The House recedes. |
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