Page:United States Statutes at Large Volume 108 Part 5.djvu/691

 PUBLIC LAW 103-403—CK)T. 22, 1994 108 STAT. 4181 (1) in clause (iii), by striking "or" at the end; (2) in clause (iv), by striking the comma at the end and inserting "; or"; and (3) by adding at the end the following new clause: "(v) an agency of or nonprofit entity established by a Native American Tribal Government,'. SEC. 203. MICROLOAN PROGRAM EXTENSION. Section 609(j) of Public Law 102-140 (105 Stat. 831) is amended 15 USC 636 note, by striking "5 years after the date of enactment of this Act", and inserting "on October 1, 1997". SEC. 204. MICROLOAN PROGRAM FUNDING AND STATE LIMITATIONS. Section 7(m)(7) of the Small Business Act (15 U.S.C. 636(m)(7)) is amended to read as follows: "(7) PROGRAM FUNDING FOR MICROLOANS. — "(A) NUMBER OF PARTICIPANTS.—During the demonstration program authorized by this subsection, the Administration may fund, on a competitive basis, not more than 200 microloan programs. "(B) STATE LIMITATIONS.—During any fiscal year, a State shall not receive new loan funds from the Administration that exceed 125 percent of the State's pro rata share of the microloan program authorization during such fiscal year, such share to be based on the population of the State, as compared to the total population of the United States.". SEC. 205. DISTRIBUTION OF INTERMEDIARIES. Section 7(m)(8) of the Small Business Act (15 U.S.C. 636(m)(8)) is amended to read as follows: "(8) EQUITABLE DISTRIBUTION OF INTERMEDIARIES. —In Urban areas, approving microloan program applicants under this subsection. Rural areas, the Administration shall select such intermediaries as will ensure appropriate availability of loans for small businesses in all industries located throughout each State, particularly those located in urban and in rural areas.". SEC. 206. MICROLOAN INTERMEDIARY LOAN LIMITATION. Section 7(m)(3)(C) of the Small Business Act (15 U.S.C. 636(m)(3)(C)) is amended by striking "$1,250,000 " and inserting " $2, 500,000". SEC. 207. MICROLOAN TECHNICAL ASSISTANCE TO NONBORROWERS. Section 7(m)(4) of the Small Business Act (15 U.S.C. 636(m)(4)) is amended by adding at the end the following new subparagraph: "(E) ASSISTANCE TO CERTAIN SMALL BUSINESS CON- CERNS.—Each intermediary may expend an amount not to exceed 15 percent of the grant funds received under paragraph (l)(B)(ii) to provide information and technical assistance to small business concerns that are prospective borrowers under this subsection.". SEC. 208. MICROLOAN TECHNICAL ASSISTANCE GRANTS FOR INTERMEDIARIES SERVING ECONOMICALLY DISTRESSED AREAS. (a) GRANT ELIGIBILITY.— Section 7(m)(4) of the Small Business Act (15 U.S.C. 636(m)(4)) is amended—

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