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United States · Bill · S

S. 515 (96th)

A bill to establish interest rates on SBA disaster loans for disasters occurring between October 1, 1978 and October 1, 1982.

referredUnited States· United States Congress· EN

Introduced

1 March 1979

Last action

Status

Referred to Senate Select Committee on Small Business.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Amends the Small Business Act to make the following loans available until October 1, 1982, for the relief of small business concerns affected by disasters occurring on or after October 1, 1978: (1) loans bearing interest at five percent for amounts not exceeding $55,000, for the repair or replacement of a principal residence or personal property; and (2) loans bearing interest at five percent on amounts not exceeding $250,000 for relief from major disasters declared by the President or natural disasters determined by the Secretary of Agriculture pursuant to the Consolidated Farm and Rural Development Act.

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Documents

1 official file

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Sources

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