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[[Page 113 STAT. 39]]

Public Law 106-24
106th Congress

                                 An Act


 
     To authorize the establishment of a disaster mitigation pilot 
   program <<NOTE: Apr. 27, 1999 -  [S. 388]>>  in the Small Business 
                             Administration.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DISASTER MITIGATION PILOT PROGRAM. <<NOTE: Loans.>> 

    (a) In General.--Section 7(b)(1) of the Small Business Act (15 
U.S.C. 636(b)(1)) is amended--
            (1) in subparagraph (B), by adding ``and'' at the end; and
            (2) by adding at the end the following:
            ``(C) during fiscal years 2000 through 2004, to establish a 
        predisaster mitigation program to make such loans (either 
        directly or in cooperation with banks or other lending 
        institutions through agreements to participate on an immediate 
        or deferred (guaranteed) basis), as the Administrator may 
        determine to be necessary or appropriate, to enable small 
        businesses to use mitigation techniques in support of a formal 
        mitigation program established by the Federal Emergency 
        Management Agency, except that no loan or guarantee may be 
        extended to a small business under this subparagraph unless the 
        Administration finds that the small business is otherwise unable 
        to obtain credit for the purposes described in this 
        subparagraph;''.

    (b) Authorization of Appropriations.--Section 20 of the Small 
Business Act (15 U.S.C. 631 note) is amended by adding at the end the 
following:
    ``(f) Disaster Mitigation Pilot Program.--The following program 
levels are authorized for loans under section 7(b)(1)(C):
            ``(1) $15,000,000 for fiscal year 2000.
            ``(2) $15,000,000 for fiscal year 2001.
            ``(3) $15,000,000 for fiscal year 2002.
            ``(4) $15,000,000 for fiscal year 2003.
            ``(5) $15,000,000 for fiscal year 2004.''.

    (c) <<NOTE: Reports. 15 USC 636 note.>>  Evaluation.--On January 31, 
2003, the Administrator of the Small Business Administration shall 
submit to the Committees on Small Business of the House of 
Representatives and the Senate a report on the effectiveness of the 
pilot program authorized by section 7(b)(1)(C) of the Small Business Act 
(15 U.S.C. 636(b)(1)(C)), as added by subsection (a) of this section, 
which report shall include--
            (1) information relating to--
                    (A) the areas served under the pilot program;
                    (B) the number and dollar value of loans made under 
                the pilot program; and

[[Page 113 STAT. 40]]

                    (C) the estimated savings to the Federal Government 
                resulting from the pilot program; and
            (2) such other information as the Administrator determines 
        to be appropriate for evaluating the pilot program.

    Approved April 27, 1999.

LEGISLATIVE HISTORY--S. 388 (H.R. 818):
---------------------------------------------------------------------------

CONGRESSIONAL RECORD, Vol. 145 (1999):
            Mar. 25, considered and passed Senate.
            Apr. 12, considered and passed House.

                                  <all>

Pages: 1

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