Sec. 842. Modifications to requirements for qualified HUBZone small business concerns located in a base closure area
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Section 152(a)(2) of title I of division K of the Consolidated Appropriations Act, 2005 ( 15 U.S.C. 632 note) is amended by striking for a period of 5 years and inserting for the later of— 8 years from the date of final closure; or the date designated by the Administrator of the Small Business Administration that is based on data of the Bureau of the Census obtained from the first decennial census conducted after the date of final closure. . Section 1698(b)(2) of National Defense Authorization Act for Fiscal Year 2013 ( 15 U.S.C. 632 note) is amended by striking 5 years and inserting the later of— 8 years; or the date designated by the Administrator of the Small Business Administration described in section 152(a)(2)(B) of title I of division K of the Consolidated Appropriations Act, 2005 ( 15 U.S.C. 632 note). .
The amendments made by paragraph
(1)shall— take effect on the date of the enactment of this Act; and apply to— a base closure area (as defined in section 3(p)(4)(D) of the Small Business Act ( 15 U.S.C. 632(p)(4)(D) )) that, on the day before the date of the enactment of this Act, is treated as a HUBZone described in section 3(p)(1)(E) of the Small Business Act ( 15 U.S.C. 632(p)(1)(E) ) under— section 152(a)(2) of title I of division K of the Consolidated Appropriations Act, 2005 ( 15 U.S.C. 632 note); or section 1698(b)(2) of National Defense Authorization Act for Fiscal Year 2013 ( 15 U.S.C. 632 note); and a base closure area relating to the closure of a military instillation under the authority described in clauses
(i)through
(iv)of section 3(p)(4)(D) of the Small Business Act ( 15 U.S.C. 632(p)(4)(D) ) that occurs on or after the date of the enactment of this Act. Section 3(p)(5)(A)(i)(I) of the Small Business Act ( 15 U.S.C. 632(p)(5)(A)(i)(I) ) is amended— in item (aa), by striking or at the end; by redesignating item
(bb)as item (cc); and by inserting after item
(aa)the following new item: pursuant to subparagraph (A), (B), (C), (D), or
(E)of paragraph (3), that its principal office is located within a base closure area and that not fewer than 35 percent of its employees reside in such base closure area or in another HUBZone; or . Section 3(p)(4)(D) of the Small Business Act ( 15 U.S.C. 632(p)(4)(D) ) is amended— in clause (iv), by striking the period at the end and inserting ; and ; by redesignating clauses
(i)through
(iv)as subclauses
(I)through (IV), respectively; in the matter preceding subclause (I), as so redesignated, by striking means lands within and inserting the following: means— lands within ; and by adding at the end the following new clause: lands within 25 miles of the external boundaries of a military installation described in clause (i), excluding any such lands that are not within a qualified nonmetropolitan county. .
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Sec. 842
Modifications to requirements for qualified HUBZone small business concerns located in a base closure area
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