Page:United States Statutes at Large Volume 98 Part 1.djvu/209

 PUBLIC LAW 98-270—APR. 18, 1984 exceed $100,000, nor shall the proceeds thereof be used to reduce the exposure of any other lender. The Administration may permit deferral of payment of principal and interest for one year on loans made hereunder.". SEC. 305. Section 20(q) of the Small Business Act is amended by striking from paragraph (5) "section 7(b)(3)" and inserting in lieu thereof "sections 7(b)(3) and 7(b)(4)". SEC. 306. Paragraph (1) of section 4(c) of the Small Business Act is further amended by inserting "7(b)(4)," after "7(b)(3),". SEC. 307. The amendments made by sections 304 and 305 of this title shall apply to economic dislocations certified by any State Governor to the Small Business Administration after the date of enactment of this Act providing such dislocation commenced since January 1, 1982. SEC. 308. Section 7(b)(3) of the Small Business Act is amended as follows: (1) by inserting "continuation of," after "in effecting"; and (2) by inserting the following at the end of such paragraph: "For the purposes of this paragraph, the impact of the 1983 Payment-in-Kind Land Diversion program, or any successor Payment-in-Kind program with a similar impact on the small business community, shall be deemed to be a consequence of Federal Government action; and". SEC. 309. Section 7(c)(6) of the Small Business Act is further amended by adding the following at the end of the second proviso: "Employees of concerns sharing a common business premises shall be aggregated in determining 'major source of employment' status for nonprofit applicants owning such premises.". SEC. 310. Section 3 of the Small Business Act is amended by adding the following new subsection at the end thereof: "(j) For the purposes of section 70t)X2) of this Act, the term 'small agricultural cooperative' means an association (corporate or otherwise) acting pursuant to the provisions of the Agricultural Marketing Act (12 U.S.C. 1141J), whose size does not exceed the size standard established by the Administration for other similar agricultural small business concerns. In determining such size, the Administration shall regard the association as an entity and shall not include the income or employees of any member shareholder of such cooperative: Provided, That such an association shall not be deemed to be a small agricultural cooperative unless each member of the board of directors of the association, or each member of the governing body of the association if it is not incorporated, also individually qualifies as a small business concern.". SEC. 311. Section 7(b)(2) of the Small Business Act is amended as follows: (1) by striking "small business concern" and inserting in lieu thereof "small business concern or small agricultural cooperative"; (2) by striking "small business concerns" and inserting in lieu thereof "small business concerns or small agricultural cooperatives"; and (3) by striking "the concern" and inserting in lieu thereof "the concern or the cooperative". SEC. 312. The amendments made by sections 310 and 311 of this title shall apply to loans granted on the basis of any disaster with respect to which a declaration has been issued after September 1, 1982, under section 7(b)(2)(A), (B), or (C) of the Small Business Act or

98 STAT. 161

15 USC 631 note. 15 USC 633. 15 USC 636 note.

15 USC 636.

Employment and unemployment. Ante, p. 159. Agricultural cooperative. 15 USC 632. 15 USC 636.

15 USC 636.

15 USC 632 note. 15 USC 636.

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