Page:United States Statutes at Large Volume 114 Part 5.djvu/731

 PUBLIC LAW 106-554—APPENDIX I 114 STAT. 2763A-691 (b) PARTICIPATING SECURITIES. — Section 303(g)(2) of the Small Business Investment Act of 1958 (15 U.S.C. 683(g)(2)) is amended by striking "plus an additional charge of 1 percent per annum which shall be paid to and retained by the Administration" and inserting "plus, for participating securities obligated after September 30, 2000, an additional charge, in an amount established annually by the Administration, of not more than 1 percent per year as necessary to reduce to zero the cost (as defined in section 502 of the Federal Credit Reform Act of 1990 (2 U.S.C. 661a)) to the Administration of purchasing and guaranteeing participating securities under this Act, which shall be paid to and retained by the Administration". SEC. 405. DISTRIBUTIONS. Section 303(g)(8) of the Small Business Investment Act of 1958 (15 U.S.C. 683(g)(8)) is amended— (1) by striking "subchapter s corporation" and inserting "subchapter S corporation"; (2) by striking "the end of any calendar quarter based on a quarterly" and inserting "any time during any calendar quarter based on an"; and (3) by striking "quarterly distributions for a calendar year," and inserting "interim distributions for a calendar year,". SEC. 406. CONFORMING AMENDMENT. Section 310(c)(4) of the Small Business Investment Act of 1958 (15 U.S.C. 687b(c)(4)) is amended by striking "five years" and inserting "1 year". TITLE V—REAUTHORIZATION OF SMALL BUSINESS PROGRAMS SEC. 501. SHORT TITLE. This title may be cited as the "Small Business Programs Reauthorization Act of 2000". SEC. 502. REAUTHORIZATION OF SMALL BUSINESS PROGRAMS. Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended by adding at the end the following: "(g) FISCAL YEAR 2001. — "(1) PROGRAM LEVELS. — The following program levels are authorized for fiscal year 2001: "(A) For the programs authorized by this Act, the Administration is authorized to make— "(i) $45,000,000 in technical assistance grants as provided in section 7(m); and "(ii) $60,000,000 in direct loans, as provided in 7(m). "(B) For the programs authorized by this Act, the Administration is authorized to make $19,050,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— i "(i) $14,500,000,000 in general business loans as provided in section 7(a);

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