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United States · Bill · S

S. 1206 (95th)

Small Business Emergency Drought Disaster Loan Act

referredUnited States· United States Congress· EN

Introduced

1 April 1977

Last action

—

Status

Referred to Senate Select Committee on Small Business.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Small Business Emergency Drought Disaster Loan Act - Authorizes the Small Business Administration to provide emergency drought assistance loans, at five percent interest per annum for a period up to 30 years, to assist small business concerns to overcome the effects of actual or prospective substantial economic injury resulting from the 1976-1977 drought. Requires an actual or expected decrease in business activity of at least 20 percent below normal levels as a condition of eligibility. Allows provisions of this Act to apply to an area newly designated as an emergency droughts impact area by the Administrator.

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1 official file

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