50 U.S.C. § 4518: Modernization of small…

Summary

The President must give strong preference to small businesses that are subcontractors or suppliers when providing help under this chapter. When possible, the President must especially favor small businesses in areas of high unemployment or in places the Secretary of Labor says have had ongoing economic decline. Money under subchapter II can be used to guarantee the purchase or lease of advanced manufacturing equipment and related services for this chapter. When picking those projects, the President should favor proposals from small business suppliers or subcontractors that have the support of the agency providing the guarantee, have arranged qualified outside help to use the equipment, and meet the requirements of sections 4531, 4532, or 4533 of this title.

Title 50, §4518

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(a)In general

In providing any assistance under this chapter, the President shall accord a strong preference for small business concerns which are subcontractors or suppliers, and, to the maximum extent practicable, to such small business concerns located in areas of high unemployment or areas that have demonstrated a continuing pattern of economic decline, as identified by the Secretary of Labor.

(b)Modernization of equipment

(1)In general

Funds authorized under subchapter II may be used to guarantee the purchase or lease of advance manufacturing equipment, and any related services with respect to any such equipment for purposes of this chapter.

(2)Small business suppliers

In considering proposals for subchapter II projects under paragraph (1), the President shall provide a strong preference for proposals submitted by a small business supplier or subcontractor whose proposal—

(A)has the support of the department or agency which will provide the guarantee;

(B)reflects that the small business concern has made arrangements to obtain qualified outside assistance to support the effective utilization of the advanced manufacturing equipment being proposed for installation; and

(C)meets the requirements of section 4531, 4532, or 4533 of this title.

Notes & Related Subsidiaries

Termination of SectionFor termination of section, see section 4564(a) of this title.

Editorial Notes

References in Text

This chapter, referred to in subsecs. (a) and (b)(1), was in the original “this Act”, meaning act Sept. 8, 1950, ch. 932, 64 Stat. 798, known as the Defense Production Act of 1950, which is classified principally to this chapter. For complete classification of this Act to the Code, see section 4501 of this title and Tables. Codification Section was formerly classified to section 2078 of the former Appendix to this title prior to editorial reclassification and renumbering as this section.

Statutory Notes and Related Subsidiaries

Effective Date

Section deemed to have become effective Mar. 1, 1992, see section 304 of Pub. L. 102–558, set out as an

Effective Date

of 1992 Amendment note under section 4502 of this title.

Executive Documents

Delegation of Functions Functions of the President under this chapter relating to the production, conservation, use, control, distribution, and allocation of energy, delegated to the Secretary of Energy, see section 4 of Ex. Ord. No. 11790, eff. June 25, 1974, 39 F.R. 23185, set out as a note under section 761 of Title 15, Commerce and Trade.

§4518 Modernization of Small Business Suppliers

Summary

Title 50, §4518

Notes & Related Subsidiaries

Editorial Notes

References in Text

Statutory Notes and Related Subsidiaries

Effective Date

Effective Date

Executive Documents

Citations & Metadata