[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 961 Introduced in Senate (IS)]







108th CONGRESS
  1st Session
                                 S. 961

    To expand the scope of the HUBZone program to include difficult 
                           development areas.


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                   IN THE SENATE OF THE UNITED STATES

                             April 30, 2003

 Ms. Murkowski introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
    To expand the scope of the HUBZone program to include difficult 
                           development areas.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXPANSION OF HUBZONE PROGRAM.

    Section 3(p)(4)(B)(ii) of the Small Business Act (15 U.S.C. 
632(p)(4)(B)(ii)) is amended--
            (1) in subclause (I), by striking ``or'' at the end;
            (2) in subclause (II), by striking the period at the end 
        and inserting ``; or''; and
            (3) by adding after subclause (II) the following:
                                    ``(III) there is located a 
                                difficult development area, as 
                                designated by the Secretary of Housing 
                                and Urban Development in accordance 
                                with section 42(d)(5)(C)(iii) of the 
                                Internal Revenue Code of 1986.''.
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