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Code · U.S. Code · Title 50 - WAR AND NATIONAL DEFENSE · CHAPTER 55— DEFENSE PRODUCTION · SUBCHAPTER I— PRIORITIES AND ALLOCATIONS · § 4518

§ 4518. Modernization of small business suppliers

412 words·~2 min read·/usc/title-50/section-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.
(Sept. 8, 1950, ch. 932, title I, § 108, as added Pub. L. 102–558, title I, § 111, Oct. 28, 1992, 106 Stat. 4202.)
Termination of Section
For termination of section, see section 4564(a) of this title.
Connections37 cite this · traces to 4
Cited by 37 sections · top 35
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6 references not yet in our index
  • Sept. 8, 1950, ch. 932
  • Pub. L. 102–558, title I, § 111
  • 106 Stat. 4202
  • act Sept. 8, 1950, ch. 932
  • 64 Stat. 798
  • section 304 of Pub. L. 102–558
Citation graph
cites case law
§ 4518
Modernization of small business suppliers
Bills×12
Pub. L.×9
Stat. Comp.×7
Stat.×7
U.S.C.×2
ActSept. 8, 1950, ch. 932
Pub. L.Pub. L. 102–558, title I, § 111
Stat.106 Stat. 4202
Actact Sept. 8, 1950, ch. 932
Stat.64 Stat. 798
Cites 10 · showing 9Cited by 37 across 5 sources
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