Page:United States Statutes at Large Volume 114 Part 5.djvu/704

 114 STAT. 2763A-664 PUBLIC LAW 106-554—APPENDIX H by reason of any act or practice involving fraud, or breach of trust; and "(2) for any person continue to serve in any of the capacities described in paragraph (1), if— "(A) the person is convicted of a felony, or any other criminal offense involving dishonesty or breach of trust; or "(B) the person is found civilly liable in damages, or is permanently or temporarily enjoined by an order, judgment, or decree of a court of competent jurisdiction, by reason of any act or practice involving fraud or breach of trust. •SEC. 366. REMOVAL OR SUSPENSION OF DIRECTORS OR OFFICERS. "Using the procedures for removing or suspending a director or an officer of a licensee set forth in section 313 (to the extent such procedures are not inconsistent with the requirements of this part), the Administrator may remove or suspend any director or officer of any New Markets Venture Capital company. "SEC. 367. REGULATIONS. "The Administrator may issue such regulations as it deems necessary to carry out the provisions of this part in accordance with its purposes. "SEC. 368. AUTHORIZATIONS OF APPROPRIATIONS. "(a) IN GENERAL.—There are authorized to be appropriated for fiscal years 2001 through 2006, to remain available until expended, the following sums: "(1) Such subsidy budget authority as may be necessary to guarantee $150,000,000 of debentures under this part. "(2) $30,000,000 to make grants under this part. "(b) FUNDS COLLECTED FOR EXAMINATIONS.— Funds deposited under section 362(c)(2) are authorized to be appropriated only for the costs of examinations under section 362 and for the costs of other oversight activities with respect to the program established under this part.". (c) CONFORMING AMENDMENT.— Section 20(e)(1)(C) of the Small Business Act (15 U.S.C. 631 note) is amended by inserting 'part A of before "title III". (d) CALCULATION OF MAXIMUM AMOUNT OF SBIC LEVERAGE.— (1) MAXIMUM LEVERAGE.— Section 303(b)(2) of the Small Business Investment Act of 1958 (15 U.S.C. 683(b)(2)) is amended to read as follows: "(2) MAXIMUM LEVERAGE. — "(A) IN GENERAL.— After March 31, 1993, the maximum amount of outstanding leverage made available to a company licensed under section 301(c) of this Act shall be determined by the amount of such company's private capital— "(i) if the company has private capital of not more than $15,000,000, the total amount of leverage shall not exceed 300 percent of private capital; "(ii) if the company has private capital of more than $15,000,000 but not more than $30,000,000, the total amount of leverage shall not exceed $45,000,000 plus 200 percent of the amount of private capital over $15,000,000; and

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