Sec. 106. FAST priorities
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Section 34(a) of the Small Business Act ( 15 U.S.C. 657d(a) ) is amended— by redesignating paragraphs
(3)through
(9)as
(4)through (10), respectively; and by inserting after paragraph
(2)the following: The term catastrophic disaster means a catastrophic disaster, as determined by the Administrator. . Section 34(c)(2) of the Small Business Act ( 15 U.S.C. 657d(c)(2) ) is amended— in subparagraph (A), by striking and at the end; in subparagraph (B)(vi)(III), by striking the period at the end and inserting ; and ; and by adding at the end the following: shall give special consideration to an applicant that is located in an area affected by a catastrophic disaster. . Section 34(c) of the Small Business Act ( 15 U.S.C. 657d(c) ) is amended by adding at the end the following: Upon application by an applicant that receives an award or has in effect a cooperative agreement under this section and that is located in an area affected by a catastrophic disaster, the Administrator may provide additional assistance to the applicant. .
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