Page:United States Statutes at Large Volume 113 Part 1.djvu/63

 PUBLIC LAW 106-24 —APR. 27, 1999 113 STAT. 39 Public Law 106-24 106th Congress An Act To authorize the establishment of a disaster mitigation pilot program in the Small Apr. 27, 1999 Business Administration. [S. 388] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. DISASTER MITIGATION PILOT PROGRAM. Loans. (a) IN GENERAL.—Section 7(b)(1) of the Small Business Act (15 U.S.C. 636(b)(1)) is amended— (1) in subparagraph (B), by adding "and" at the end; and (2) by adding at the end the following: "(C) during fiscal years 2000 through 2004, to establish a predisaster mitigation program to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred (guaranteed) basis), as the Administrator may determine to be necessary or appropriate, to enable small businesses to use mitigation techniques in support of a formal mitigation program established by the Federal Emergency Management Agency, except that no loan or guarantee may be extended to a small business under this subparagraph unless the Administration finds that the small business is otherwise unable to obtain credit for the purposes described in this subparagraph;". (b) AUTHORIZATION OF APPROPRL\TIONS. —Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended by adding at the end the following: "(f) DISASTER MITIGATION PILOT PROGRAM.—The following program levels are authorized for loans under section 7(b)(1)(C): " (1) $15,000,000 for fiscal year 2000. "(2) $15,000,000 for fiscal year 2001. "(3) $15,000,000 for fiscal year 2002. " (4) $15,000,000 for fiscal year 2003. "(5) $15,000,000 for fiscal year 2004.". (c) EVALUATION.—On January 31, 2003, the Administrator of Reports. the Small Business Administration shall submit to the Committees 15 USC 636 note. on Small Business of the House of Representatives and the Senate a report on the effectiveness of the pilot program authorized by section 7(b)(1)(C) of the Small Business Act (15 U.S.C. 636(b)(1)(C)), as added by subsection (a) of this section, which report shall include— (1) information relating to— (A) the areas served under the pilot program; (B) the number and dollar value of loans made under the pilot program; and

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