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before August 28, 2005, based on the most 
recent United States population estimate 
available before August 28, 2005; 
(3) the term ‘‘major disaster’’ has the meaning 
given that term in section 102 of the Robert T. Staf-
ford Disaster Relief and Emergency Assistance Act 
(42 U.S.C. 5122); and 
(4) the term ‘‘small business concern’’ has the 
meaning given that term in section 3 of the Small 
Business Act (15 U.S.C. 632). 
(b) APPROPRIATION.— 
(1) IN GENERAL.—There are appropriated, out 
of any money in the Treasury not otherwise appro-
priated, $25,000,000 to the Administrator, which, ex-
cept as provided in paragraph (2) or (3), shall be 
used for loans under section 7(b)(2) of the Small 
Business Act (15 U.S.C. 636(b)(2)) to covered small 
business concerns. 
(2) 
ADMINISTRATIVE
EXPENSES.—Of 
the 
amounts made available under paragraph (1), not 
more than $8,750,000 may be transferred to and 
merged with ‘‘Salaries and Expenses’’ to carry out 
the disaster loan program of the Small Business Ad-
ministration. 
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(3) OTHER USES OF FUNDS.—The Administrator 
may use amounts made available under paragraph 
(1) for other purposes authorized for amounts in the 
‘‘Disaster Loans Program Account’’ or transfer such 
amounts to and merge such amounts with ‘‘Salaries 
and Expenses’’, if— 
(A) such amounts are— 
(i) not obligated on the later of 5 
months after the date of enactment of this 
Act and August 29, 2007; or 
(ii) necessary to provide assistance in 
the event of a major disaster; and 
(B) not later than 5 days before any such 
use or transfer of amounts, the Administrator 
provides written notification of such use or 
transfer to the Committee on Appropriations of 
the Senate and the Committee on Appropriations 
of the House of Representatives. 
SEC. 2402. OTHER PROGRAMS. (a) HUBZONES.—Sec-
tion 3(p) of the Small Business Act (15 U.S.C. 632(p)) is 
amended— 
(1) in paragraph (1)— 
(A) in subparagraph (D), by striking ‘‘or’’; 
(B) in subparagraph (E), by striking the 
period at the end and inserting ‘‘; or’’; and 
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(C) by adding at the end the following: 
‘‘(F) an area in which the President has de-
clared a major disaster (as that term is defined 
in section 102 of the Robert T. Stafford Disaster 
Relief and Emergency Assistance Act (42 U.S.C. 
5122)) as a result of Hurricane Katrina of Au-
gust 2005 or Hurricane Rita of September 2005, 
during the time period described in paragraph 
(8).’’; and 
(2) by adding at the end the following: 
‘‘(8) TIME
PERIOD.—The time period for the 
purposes of paragraph (1)(F)— 
‘‘(A) shall be the 2-year period beginning on 
the later of the date of enactment of this para-
graph and August 29, 2007; and 
‘‘(B) may, at the discretion of the Adminis-
trator, be extended to be the 3-year period begin-
ning on the later of the date of enactment of this 
paragraph and August 29, 2007.’’. 
(b) TERMINATION OF PROGRAM.—Section 711(c) of the 
Small Business Competitive Demonstration Program Act of 
1988 (15 U.S.C. 644 note) is amended by inserting after 
‘‘January 1, 1989’’ the following: ‘‘, and shall terminate 
on the date of enactment of the U.S. Troop Readiness, Vet-
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