Page:United States Statutes at Large Volume 111 Part 3.djvu/510

 Ill STAT. 2598 PUBLIC LAW 105-135—DEC. 2, 1997 "(I) 2 times an amount reflecting the total losses of the intermediary as a result of participation in the program under this subsection, as determined by the Administrator on a case-by-case basis; or "(11) 10 percent of the outstanding balance of the notes receivable owed to the intermediary,". (c) AUTHORIZATION OF APPROPRIATIONS. —Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended— (1) in the subsection heading, by striking "DEMONSTRA- TION"; (2) by striking "Demonstration" each place that term appears; (3) by striking "demonstration" each place that term appears; and (4) in paragraph (12), by striking "during fiscal years 1995 through 1997" and inserting "during fiscal years 1998 through 2000". (d) TECHNICAL ASSISTANCE GRANTS.— Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended— (1) in paragraph (4)(E)— (A) by striking "Each intermediary" and inserting the following: "(i) IN GENERAL. —Each intermediary"; (B) by striking "15" and inserting "25"; and (C) by adding at the end the following: "(ii) TECHNICAL ASSISTANCE. —An intermediary may expend not more than 25 percent of the funds received under paragraph (l)(B)(ii) to enter into third party contracts for the provision of technical assistance."; and (2) in paragraph (5)(A)— (A) by striking "in each of the 5 years of the demonstration program established under this subsection,"; and (B) by striking "for terms of up to 5 years" and inserting "annually". SEC. 202. WELFARE-TO-WORK MICROLOAN INITIATIVE. (a) INITIATIVE.— Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended— (1) in paragraph (1)(A)— (A) in clause (ii), by striking "and" at the end; (B) in clause (iii), by striking the period at the end and inserting "; and"; and (C) by adding at the end the following: "(iv) to establish a welfare-to-work microloan initiative, which shall be administered by the Administration, in order to test the feasibility of supplementing the technical assistance grants provided under clauses (ii) and (iii) of subparagraph (B) to individuals who are receiving assistance under the State program funded under part A of title IV of the Social Security Act (42 U.S.C. 601 et seq.), or under any comparable State funded means tested program of assistance for low-income individuals, in order to adequately assist those individuals in— "(I) establishing small businesses; and

�