Page:United States Statutes at Large Volume 111 Part 3.djvu/506

 Ill STAT. 2594 PUBLIC LAW 105-135—DEC. 2, 1997 TITLE I—AUTHORIZATIONS SEC. 101. AUTHORIZATIONS. Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended by striking subsections (c) through (q) and inserting the following: " (c) FISCAL YEAR 1998.— "(1) PROGRAM LEVELS.— The following program levels are authorized for fiscal year 1998: "(A) For the programs authorized by this Act, the Administration is authorized to make— "(i) $40,000,000 in technical assistance grants, as provided in section 7(m); and "(ii) $60,000,000 in direct loans, as provided in section 7(m). "(B) For the programs authorized by this Act, the Administration is authorized to make $16,040,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— "(i) $12,000,000,000 in general business loans as provided in section 7(a); "(ii) $3,000,000,000 in financings as provided in section 7(a)(13) of this Act and section 504 of the Small Business Investment Act of 1958; "(iii) $1,000,000,000 in loans as provided in section 7(a)(21); and "(iv) $40,000,000 in loans as provided in section 7(m). "(C) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make— "(i) $700,000,000 in purchases of participating securities; and "(ii) $600,000,000 in guarantees of debentures. "(D) For the programs authorized by part B of title rV of the Small Business Investment Act of 1958, the Administration is authorized to enter into guarantees not to exceed $2,000,000,000, of which not more than $650,000,000 may be in bonds approved pursuant to section 411(a)(3) of that Act. "(E) The Administration is authorized to make grants or enter into cooperative agreements— "(i) for the Service Corps of Retired Executives program authorized by section 8(b)(1), $4,000,000; and "(ii) for activities of small business development centers pursuant to section 21(c)(3)(G), $15,000,000, to remain available until expended. "(2) ADDITIONAL AUTHORIZATIONS. — "(A) There are authorized to be appropriated to the Administration for fiscal year 1998 such sums as may be necessary to carry out this Act, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the Small Business Investment Act of 1958, including salaries and expenses of the Administration.

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