A bill 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.

Summary

Title I: Authorizes the Small Business Administration to aid and assist small business concerns which are engaged in the production of food and fiber, ranching, and raising of livestock, acquaculture and all other farming and agricultural related industries. Title II: Changes the procedure for determining the interest rate charged for disaster loans made pursuant to the Small Business Act. Title III: Authorizes the Small Business Administration, whenever it determines that small 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, to guarantee the payment of rentals or other amounts due under qualified contracts. Provides that any such guarantee may be made or effected either directly or in cooperation with any qualified surety company or other qualified company through a participation agreement with such company.

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Documents

1 official file

• Introduced in House

  summary · EN · 30 July 1975

  Open at official source

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