Page:United States Statutes at Large Volume 118.djvu/3487

 118 STAT. 3457 PUBLIC LAW 108–447—DEC. 8, 2004 (A) in subparagraph (C), by striking ‘‘or’’ at the end; (B) in subparagraph (D), by striking the period at the end and inserting ‘‘; or’’; and (C) by adding at the end the following: ‘‘(E) base closure areas.’’. (2) HUBZONE STATUS TIME LINE AND COMMENCEMENT.— A base closure area that has undergone final closure shall be treated as a HUBZone for purposes of the Small Business Act for a period of 5 years. (3) DEFINITION.—Section 3(p)(4) of the Small Business Act (15 U.S.C. 632(p)(4)) is amended by adding at the end the following: ‘‘(D) BASE CLOSURE AREA.—The term ‘base closure area’ means lands within the external boundaries of a military installation that were closed through a privatization process under the authority of— ‘‘(i) the Defense Base Closure and Realignment Act of 1990 (part A of title XXIX of division B of Public Law 101–510; 10 U.S.C. 2687 note); ‘‘(ii) title II of the Defense Authorization Amend ments and Base Closure and Realignment Act (Public Law 100–526; 10 U.S.C. 2687 note); ‘‘(iii) section 2687 of title 10, United States Code; or ‘‘(iv) any other provision of law authorizing or directing the Secretary of Defense or the Secretary of a military department to dispose of real property at the military installation for purposes relating to base closures of redevelopment, while retaining the authority to enter into a leaseback of all or a portion of the property for military use.’’. (b) QUALIFIED NONMETROPOLITAN COUNTY.—Section 3(p)(4)(B)(ii)(II) of the Small Business Act (15 U.S.C. 632(p)(4)(B)(ii)(II)) is amended to read as follows: ‘‘(II) the unemployment rate is not less than 140 percent of the average unemployment rate for the United States or for the State in which such county is located, whichever is less, based on the most recent data available from the Sec retary of Labor.’’. (c) TEMPORARY QUALIFIED AREAS EXTENSION AND QUALIFIED AREAS STUDY.— (1) REDESIGNATED AREA.—Section 3(p)(4)(C) of the Small Business Act (15 U.S.C. 632(p)(4)(C)) is amended by striking ‘‘only for the 3 year period following’’ and inserting the fol lowing: ‘‘only until the later of— ‘‘(i) the date on which the Census Bureau publicly releases the first results from the 2010 decennial census; or ‘‘(ii) 3 years after’’. (2) STUDY AND REPORT.— (A) STUDY.—The Independent Office of Advocacy of the Small Business Administration shall conduct a study of the HUBZone program to measure the effectiveness of the definitions under section 3(p)(4) of the Small Business Act (15 U.S.C. 632(p)(4)) relating to HUBZone qualified 15 USC 632 note.

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