Page:United States Statutes at Large Volume 91.djvu/595

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PUBLIC LAW 95-89—AUG. 4, 1977

91 STAT. 561

repayments of principal on the Administration's share of any loan made under the above provisions shall first be applied to reduce the principal sum of such loan which bears interest at the lower rates provided in this paragraph. The principal amount of any loan made Principal, pursuant to paragraph (1) in connection with a disaster which occurs increase. on or after April 1, 1977, but prior to January 1, 1978, may be increased by such amount, but not more than $2,000, as the Administration determines to be reasonable in light of the amount and nature of loss, damage, or injury sustained in order to finance the installation of insulation in the property which was lost, damaged, or injured, if the miinsured, damaged portion of the property is 10 per centum or more of the market value of the property at the time of the disaster. Not later than June 1. 1978, the Administration shall prepare and Report, transmit to the Select Committee on Small Business of the Senate, the transmittal to Committee on Small Business of the House of Representatives, and congressional the Committees of the Senate and House of Representatives having committees. jurisdiction over measures relating to energy conservation, a report on its activities under this paragraph, including therein an evaluation of the effect of such activities on encouraging the installation of insulation in property which is repaired or replaced after a disaster which is subject to this paragraph, and its recommendations with respect to the continuation, modification, or termination of such activities.". SEC. 406. Section 824 of the Consolidated Farm and Rural Development Act is amended as follows: 7 USC 1964. (a) by inserting " (a) " at the beginning thereof and by striking the proviso at the end thereof; and (b) by inserting the following at the end thereof: "(b) Notwithstanding the provisions of any other law, during any Interest rate. period in which the Small Business Administration is making loans under sections 7(b)(1) and 7(b)(2) of the Small Business Act to 15 USC 636. businesses at a rate of interest below the average annual interest rate on all interest-bearing obligations of the United States, loans made hereunder shall bear interest at a rate not to exceed such lower interest rates in amounts not to exceed $250,000 to businesses and $40,000 to homeowners. "(c) Any political subdivision of a State with a population of less Grant eligibility. than 10,000 which, if such subdivision had a population of 10,000 or more, would be eligible for a grant under the first title of the Community Emergency Drought Relief Act of 1977 shall be eligible for a 42 USC 5184 grant under the Consolidated Farm and Rural Development Act note. during any period in which such Community Relief Act of 1977 is or 7 USC 1921 note. has been in effect.". TITLE V—PROCUREMENT ASSISTANCE SEC. 501. Section 8(b) of the Small Business Act is amended by contracts. striking paragraph (7) and by inserting in lieu thereof the 15 USC 637. following: " (7)(A) To certify to Government procurement officers, and officers engaged in the sale and disposal of Federal property, with respect to all elements of responsibility, including, but not limited to, capability, competency, capacity, credit, integrity, perseverance, and tenacity, of any small business concern or group of such concerns to receive and perform a specific Government contract. A Government procure- Referral for final disposition.

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