Page:United States Statutes at Large Volume 58 Part 1.djvu/793

 78TH CONG. , 2D SESS.-CH. 479--OCT. 3, 1944 cash, credit, or other property, with or without warranty, and upon such other terms and conditions, as the agency deems proper: Pro- vided, however, That in the case of raw materials, consumer goods, and small tools, hardware, and nonassembled articles which may be used in the manufacture of more than one type of product, no exten- sion of credit under this Act shall be for a longer period than three years. (b) Any owning agency or disposal agency may execute such docu- ments for the transfer of title or other interest in property or take such other action as it deems necessary or proper to transfer or dispose of property or otherwise to carry out the provisions of this Act, and, in the case of surplus property, shall do so to the extent required by the regulations of the Board. DISPOSmTIONS TO VETERANS SEC. 16. The Board shall prescribe regulations to effectuate the ob- jectives of this Act to aid veterans to establish and maintain their own small business, professional, or agricultural enterprises, by affording veterans suitable preferences to the extent feasible and consistent with the policies of this Act in the acquisition of the types of surplus property useful in such enterprises. DIsPOSImONS IN RURAL AHAS SEC. 17. The Board shall devise ways and means and prescribe regulations in cooperation with the War Food Administrator pro- viding for the sale of surplus property in such quantities in rural localities and in such manner as will assure farmers and farmers' cooperative associations equal opportunity with others to purchase surplus property: Provided, however, That in cases where a shortage of trucks, machinery, and equipment impairs farm production, a pro- gram shall be developed by the Board in cooperation with the Agri- cultural Adjustment Agency whereby a reasonable portion of the surplus supply will be made available for sale in rural areas to farm- ers and farmers' cooperative associations. SMALL BUSINESS SEC. 18. (a) It shall be the duty of the Board to devise ways and means and prescribe regulations to prevent any discrimination against small business in the disposal and distribution and use of any surplus property. (b) The Board shall by regulations determine, or provide for the determination, as to all surplus property in the hands of each dis- posal agency, the size of lots in which, and the areas in which, the various classes of such property should be offered consistently with the usual and customary commercial practice with respect to such class. The available supply of each class in each area shall be so disposed of as to give to prospective purchasers, within such area, of any particular amount (not smaller than the smallest lot consistent with such commercial practice) preference (by affording them rea- sonable opportunity to acquire the desired amount) over prospective purchasers of larger amounts. (c) The Smaller War Plants Corporation is hereby specifically charged with the responsibility of cooperating with the Board and with the owning and disposal agencies, of making surveys from time to time, and bringing to the attention of the agencies and the Board the needs and requirements of small business and any cases or situa- 773 Credit extensions. Transfer of title or other interest. Prevention of dis- crimlnation. Determination of lots and areas. Smaller War Plants Corporation. Surveys, etc., of small business needs. 58 STAT.]

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