Page:United States Statutes at Large Volume 111 Part 3.djvu/539

 PUBLIC LAW 105-135—DEC. 2, 1997 111 STAT. 2627 SEC. 508. VERY SMALL BUSINESS CONCERNS. Section 304(i) of the Small Business Administration Reauthorization and Amendments Act of 1994 (15 U.S.C. 644 note) is amended by striking "September 30, 1998" and inserting "September 30, 2000". SEC. 509. TRADE ASSISTANCE PROGRAM FOR SMALL BUSINESS CON- 15 USC 636 note. CERNS ADVERSELY AFFECTED BY NAFTA. The Administrator shall coordinate Federal assistsmce in order to provide counseling to small business concerns adversely affected by the North American Free Trade Agreement. TITLE VI—HUBZONE PROGRAM HUBZone Act of 1997. SEC. 601. SHORT TITLE. 15 USC 631 note. This title may be cited as the "HUBZone Act of 1997". SEC. 602. fflSTORICALLY UNDERUTILIZED BUSINESS ZONES. (a) DEFiNiTioriS. —Section 3 of the Small Business Act (15 U.S.C. 632) (as amended by section 412 of this Act) is amended by adding at the end the following: "(p) DEFINITIONS RELATING TO HUBZONES.—In this Act: "(1) HISTORICALLY UNDERUTILIZED BUSINESS ZONE. —The term 'historically underutilized business zone' means any area located within 1 or more— "(A) qualified census tracts; "(B) qualified nonmetropolitan counties; or "(C) lands within the external boundaries of an Indian reservation. "(2) HUBZONE.— The term 'HUBZone' means a historically underutilized business zone. "(3) HUBZONE SMALL BUSINESS CONCERN. —The term 'HUBZone small business concern' means a small business concern— "(A) that is owned and controlled by 1 or more persons, each of whom is a United States citizen; and "(B) the principal office of which is located in a HUBZone; or "(4) QUALIFIED AREAS. — "(A) QUALIFIED CENSUS TRACT. — The term 'qualified census tract' has the meaning given that term in section 42(d)(5)(C)(ii)(I) of the Internal Revenue Code of 1986. "(B) QUALIFIED NONMETROPOLITAN COUNTY. —The term 'qualified nonmetropolitan county means any county— "(i) that, based on the most recent data available from the Bureau of the Census of the Department of Commerce— "(I) is not located in a metropolitan statistical area (as defined in section 143(k)(2)(B) of the Internal Revenue Code of 1986); and "(II) in which the median household income is less than 80 percent of the nonmetropolitan State median household income; or "(ii) that, based on the most recent data available from the Secretary of Labor, has an unemployment rate that is not less than 140 percent of the statewide

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