Page:United States Statutes at Large Volume 102 Part 3.djvu/1038

 102 STAT. 2990

PUBLIC LAW 100-590—NOV. 3, 1988

Sec. Sec. Sec. Sec. Sec.

205. 206. 207. 208. 209.

Regulations. Evaluation and report. Sunset. Revolving fund. Effective date.

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TITLE I—GENERAL REAUTHORIZATION PROVISIONS SEC. 101. PROGRAM LEVELS AND AUTHORIZATIONS.

Loans.

Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended by striking the first sentence of subsection (a), by striking subsections (b) through (x), by redesignating subsections (y) and (z) as subsections (b) and (c), and by adding the following new subsections: "(d) The following program levels are authorized for fiscal year 1989— "(1) for the programs authorized by section 7(a) of this Act, the Administration is authorized to make $62,000,000 in direct and immediate participation loans; and of such sum, the Administration is authorized to make $17,000,000 in loans as provided in paragraph (10), $24,000,000 in loans as provided in paragraph (11), and $21,000,000 in loans to disabled veterans and Vietnam era veterans as defined in section 1841, title 38, United States Code, under the general terms and conditions of section 7(a) of this Act; "(2) for the programs authorized by secton 7(a) of this Act and section 504 of the Small Business Investment Act of 1958, the Administration is authorized to make $3,407,000,000 in deferred participation loans and guarantees of debentures; and of such sum, the Administration is authorized to make $5,000,000 in loans as provided in paragraph (10), $65,000,000 in loans as provided in paragraph (11), $60,000,000 in loans as provided in paragraph (12), and $460,000,000 in loans as provided in paragraph (13) and guarantees of debentures as provided in section 504; "(3) for the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make $39,000,000 in direct purchases of debentures and preferred securities and to make $272,000,000 in guarantees of debentures; "(4) for the programs authorized by part B of title IV of the Small Busness Investment Act of 1958, the Administration is authorized to enter into guarantees not to exceed $1,500,000,000; and "(5) for the programs authorized in sections 404 and 405 of the Small Business Investment Act of 1958, the Administration is not authorized to enter into any guarantees. "(e) There are authorized to be appropriated to the Administration for fiscal year 1989 such sums as may be necessary to carry out the provisions of this Act and the Small Business Investment Act of 1958, including $228,000,000 for salaries and expenses of the Administration, of which up to $2,600,000 may be available for the operations of the Service (Dorps of Retired Executives. There also are hereby authorized to be appropriated such sums as may be necessary and appropriate for the carrying out of the provisions and purposes, including administrative expenses, of sections 7(b)(l) and

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