Sec. 344. Applicable periods for proration
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/bill/116/hr/133/eah/section-344A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7(a)(36)(A)(viii) of the Small Business Act ( 15 U.S.C. 636(a)(36)(A)(viii) ) is amended— in subclause (I)(bb), by striking in 1 year, as prorated for the covered period and inserting on an annualized basis, as prorated for the period during which the payments are made or the obligation to make the payments is incurred ; and in subclause (II)— in item (aa), by striking an annual salary of $100,000, as prorated for the covered period and inserting $100,000 on an annualized basis, as prorated for the period during which the compensation is paid or the obligation to pay the compensation is incurred ; and in item (bb), by striking covered and inserting applicable .
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Sec. 344
Applicable periods for proration
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