US Code

Public Law 119-73 (01/23/2026)

15 U.S.C. § 636d

Disaster aid to major sources of employment

(a)

Loans to disaster areas

The Small Business Administration in the case of a nonagricultural enterprise, and the Farmers Home Administration in the case of an agricultural enterprise, are authorized to provide any industrial, commercial, agricultural, or other enterprise, which has constituted a major source of employment in an area suffering a major disaster and which is no longer in substantial operation as a result of such disaster, a loan in such amount as may be necessary to enable such enterprise to resume operations in order to assist in restoring the economic viability of the disaster area. Loans authorized by this section shall be made without regard to limitations on the size of loans which may otherwise be imposed by any other provision of law or regulations promulgated pursuant thereto.

(b)

Interest; deferred payments

1

1 See References in Text note below.
section 636b of this titlesection 636b of this titleAssistance under this section shall be in addition to any other Federal disaster assistance, except that such other assistance may be adjusted or modified to the extent deemed appropriate by the Director under the authority of section 4418  of title 42. Any loan made under this section shall be subject to the interest requirements of , but the President, if he deems it necessary, may defer payments of principal and interest for a period not to exceed three years after the date of the loan. Any such deferred payments shall bear interest at the rate determined under .

Pub. L. 91–606, title II, § 23784 Stat. 1754(, , .)

Editorial Notes

References in Text

Section 4418 of title 42Pub. L. 93–288, title VI, § 60388 Stat. 164section 4418 of Title 42section 5155 of Title 42, referred to in subsec. (b), was repealed by , , . Provisions similar to former , The Public Health and Welfare, are contained in .

Codification

section 4456 of Title 42Section was enacted as part of the Disaster Relief Act of 1970, and not as part of the Small Business Act which comprises this chapter. Section was formerly classified to , The Public Health and Welfare.

Statutory Notes and Related Subsidiaries

Effective Date

section 304 of Pub. L. 91–606section 165 of Title 26Section effective , see , set out as an Effective Date of 1970 Amendment note under , Internal Revenue Code.