Page:United States Statutes at Large Volume 78.djvu/49

 78 STAT. ]

PUBLIC LAW 88-264-FEB. 5, 1964

7

Public Law 88-263 JOINT RESOLUTION j ^ ^,,, ^ 3^,,,,, To siineml the joint resolution of Jjinujiry 28, 1948, relating to membership and [H. J. Res. 779] partidpation l».v the Vnited States in the South Pacific Commission, so as to authorize rertain appropriations thereunder for the fiscal years 1965 and 1966.

Resolved Jjy the Senate and Tlovne of Representatives of the United South Pacific States of America in Congress assembled, That section 3(a) of the Commission. joint resolution entitled "Joint resolution providing for membership ^ Appropriations. and participation h\ the United States in the South Pacific Commis-

1965, and $150,000 for the fiscal year 1966,' Approved January 31, 1964. Public Law 88-264 AN ACT

February 5, 1964

To anteiid the Small Business Act, and for other purposes.

[s. 1309]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) paragraph Small Business Act, amendment. (2) of section 7(b) of the Small Business Act is amended to read as "72 statrasg folloW.S:

banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to any small business concern located in an area affected by a disaster, if the .Vdministration determines that the concern has suffered a substantial economic injury as a result of.such disaster and if such disaster constitutes— "'(A) a major disaster, as determined by the President under the Act entitled "An Act to authorize Federal assistance to States and local governments in major disasters, and for other purposes', approved Septembei- 30. 1950, as amended (42 U.S.C. 1855-1855g), or ' ' (B) a natural disaster, as determined by the Secretary of Agriculture pursuant to the Consolidated Farmers Home Administration Act of 1961 (7 U.S.C. 1961);". (b) Section 7(b) of such Act is further amended by striking out the period at the end of paragraph (3) and inserting in lieu thereof ''; and'", and by adding after paragraph (3) a new paragraph as follows: "(4) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or apjDropriate to assist any small business concern in reestablishing its business if the Administration determines that such concern has suffered substantial economic injury as a result of the inability of such concern to process or market a product for human consumption because of disease or toxicity occurring in such product through natural or undetermined causes." 31-667 0-65—4
 * '(2) to make such loans (either directly or in cooperation with

15 USC 636.

^^ Stat. 1109. ^^ Stat. 311.

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