Page:United States Statutes at Large Volume 111 Part 3.djvu/516

 Ill STAT. 2604 PUBLIC LAW 105-135—DEC. 2, 1997 by-case basis, that additional security is necessary to protect the interest of the Government."; and (3) by adding at the end the following: "(5) LIMITATION ON LEASING.—In addition to any portion of the project permitted to be leased under paragraph (4), not to exceed 20 percent of the project may be leased by the assisted small business to 1 or more other tenants, if the assisted small business occupies permanently and uses not less than a total of 60 percent of the space in the project after the execution of any leases authorized under this section.". SEC. 222. DEVELOPMENT COMPANY DEBENTURES. Section 503 of the Small Business Investment Act of 1958 (15 U.S.C. 697) is amended— (1) in subsection (b)(7), by striking subparagraph (A) and inserting the following: "(A) assesses and collects a fee, which shall be payable by the borrower, in an amount established annually by the Administration, which amount shall not exceed the lesser of— "(i) 0.9375 percent per year of the outstanding balance of the loan; and "(ii) the minimum amount necessary to reduce the cost (as defined in section 502 of the Federal Credit Reform Act of 1990) to the Administration of purchasing and guarginteeing debentures under this Act to zero; and"; and (2) in subsection (f), by striking "1997" and inserting "2000". SEC. 223. PREMIER CERTIFIED LENDERS PROGRAM. (a) IN GENERAL.—Section 508 of the Small Business Investment Act of 1958 (15 U.S.C. 697e) is amended— (1) in subsection (a), by striking "not more than 15"; (2) in subsection (b)— (A) in paragraph (2)— (i) in the matter preceding subparagraph (A), by striking "if such company"; (ii) by striking subparagraphs (A) and (B) and inserting the following: "(A) if the company is an active certified development compginy in good standing and has been an active participant in the accredited lenders program during the entire 12-month period preceding the date on which the company submits an application under paragraph (1), except that the Administration may waive this requirement if the company is qualified to participate in the accredited lenders program; "(B) if the company has a history of— "(i) submitting to the Administration adequately analyzed debenture guarantee application packages; and "(ii) of properly closing section 504 loans and servicing its loan portfolio;"; (iii) in subparagraph (C)— (I) by inserting "if the company after "(C)"; and (II) by striking the period at the end and inserting "; and"; and

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