Page:United States Statutes at Large Volume 106 Part 2.djvu/112

 106 STAT. 992 PUBLIC LAW 102-366 —SEPT. 4, 1992 of interest applicable to a loan made to an intermediary by the Administration— "(i) in the case of a loan of more than $7,500 made by the intermediary to a small business concern or entrepreneur by more than 7.75 percentage points; and "(ii) in the case of a loan of not more than $7,500 made by the intermediary to a small business concern or entrepreneur by more than 8.5 percentage points."; (7) in paragraph (7)— (A) in subparagraph (A), by striking "35 microloan programs" and inserting "60 microloan programs"; (B) in subparagraph (B), by striking "25 additional" and inserting "50 additional"; (C) by amending subparagraph (C)(i) to read as follows: "(i) be awarded more than 4 microloan programs in the first 2 years of the demonstration program nor more than 2 microloan programs in any year thereafter;"; (D) in subparagraph (C)(ii), by striking "$1,000,000" and inserting "$1,500,000 "; and (E) in subparagraph (C)(iii), by striking "$1,500,000" and inserting "$2,500,000"; (8) by redesignating paragraphs (9) and (10) as paragraphs (10) and (11), respectively; (9) by inserting after paragraph (8) the following: " (9) TECHNICAL ASSISTANCE FOR INTERMEDIARIES.— "(A) IN GENERAL.— The Administration may procure technical assistance for intermediaries participating in the Microloan Demonstration Program to ensure that such intermediaries have the knowledge, skills, and understanding of microlending practices necessary to operate successful microloan programs. "(B) ASSISTANCE AMOUNT.—The Administration shall transfer 3 percent of its annual appropriation for loans under this subsection to the Administration's Salaries and Expense Account for the specific purpose of providing 1 or more technical assistance grants to experienced microlending organizations to achieve the purpose set forth in subparagraph (A)."; and (10) in paragraph (11), as redesignated— (A) by amending subparagraph (A) to read as follows: "(A) the term 'intermediary* means— "(i) a private, nonprofit entity; "(ii) a nonprofit community development corporation; "(iii) a consortium of private, nonprofit organizations or nonprofit community development corporations; or "(iv) a quasi-governmental economic development entity (such as a planning and development district), other than a State, county, municipal government, or any agency thereof, if— "(I) no application is received from an eligible nonprofit organization; or "(II) the Administration determines that the needs of a region or geographic area are not adequately served by an existing, eligible nonprofit organization that has submitted an application.

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