Page:United States Statutes at Large Volume 72 Part 1.djvu/732

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PUBLIC LAW 85-699-AUG. 21, 1958

[72 S T A T.

shall be carried out in such manner as to insure the maximum participation of private financing sources. I t is the intention of the Congress that the provisions of this Act shall be so administered that any financial assistance provided hereunder shall not result in a substantial increase of unemployment in any area of the country. DEFINITIONS

SEC. 103. As used in this Act— (1) the term "Administration" means the Small Business Administration; (2) the term "Administrator" means the Administrator of the Small Business Administration; (3) the terms "small business investment company"' and "company" mean a small business investment company organized as provided in title III, including (except for purposes of section 301 and section 308(f)) a State-chartered investment company which has obtained the approval of the Administrator to operate under the provisions of this Act as provided in section 309 and a company converted into a small business investment company under section 401 of this Act; (4) the term "United States" means the several States, the Territories of Alaska and Hawaii, the District of Columbia, and the Commonwealth of Puerto Rico; (5) the term "small-business concern" shall have the same meaning as in the Small Business Act; and (6) the term "development companies" means enterprises incorporated under State law with the authority to promote and assist the growth and development of small-business concerns in the areas covered by their operations. TITLE II—SMALL BUSINESS INVESTMENT DIVISION OF THE SMALL BUSINESS ADMINISTRATION ESTABLISHMENT OF SMALL B U S I N E S S INVESTMENT DIVISION

SEC. 201. There is hereby established in the Small Business Administration a division to be known as the Small Business Investment Division. The Division shall be headed by a Deputy Administrator who shall be appointed by the Administrator, and shall receive compensation at the rate provided by law for other deputy administrators of the Small Business Administration. The powers conferred by this Act upon the Administration shall be exercised by the Administration through the Small Business Investment Division, and the powers herein conferred upon the Administrator shall be exercised by him through the Deputy Administrator appointed hereunder. In the performance of, and with respect to the functions, powers, and duties vested by this Act, the Administrator and the Administration shall (in addition to any authority otherwise vested by this Act) have the functions, powers, and duties set forth in the Small Business Ante. p. 3 9 4, Act, and the provisions of sections 13 and 16 of that Act, insofar as 395. applicable, are extended to apply to the functions of the Administrator and the Administration under this Act. PROVISION A N D PURPOSES OF F U N D S

Ante, p. 385.

ggc. 202. (a) Section 4(c) of the Small Business Act is amended— (1) by striking out "$650,000,000" each place it appears and inserting in lieu thereof "$900,000,000";

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