Sec. 102. statement of policy
206 words·~1 min read·
/statute-compilations/comps-1835/sec-102A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 102 statement of policy **[**[15 U.S.C. 661](/us/usc/t15/s661)**]** It is declared to be the policy of the Congress and the purpose of this Act to improve and stimulate the national economy in general and the small-business segment thereof in particular by establishing a program to stimulate and supplement the flow of private equity capital and long-term loan funds which small-business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization, and which are not available in adequate supply: *Provided, however, *That this policy shall be carried out in such manner as to insure the maximum participation of private financing sources.
It is the intention of the Congress that in the award of financial assistance under this Act, when practicable, priority be accorded to small business concerns which lease or purchase equipment and supplies which are produced in the United States and that small business concerns receiving such assistance be encouraged to continue to lease or purchase such equipment and supplies. It is the intention of the Congress that the provisions of this Act shall be so administered that any financial assistance provided hereunder shall not result in a substantial increase of unemployment in any area of the country.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 102
statement of policy
Cites 1Cited by 0 across 0 sources