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PUBLIC LAW 89-408-APRIL 27, 1966

[80 STAT.

Public Law 89-408 April 27, 1966 [S. 1938]

25 USC 415.

AN ACT To amend the Indian Long-Term Leasing Act.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 1 of the Act of August 9, 1955 (69 Stat. 539), as amended, is hereby amended as follows: After the words " Fort Mojave Reservation," insert the words "the Pyramid Lake Reservation,". Approved April 27, 1966.

Public Law 89-409 May 2, 19 66 [S. 27 29]

Small B u s i n e s s Act, amendment. 79 Stat. 1294. 15 USC 633.

15 USC 636.

15 USC 637. 15 U S C 6 8 1, 695. 42 USC 2901.

Appropriations, unexpended balances.

Loans, etc., limitations.

AN ACT To amend section 4(c) of the Small Business Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 4(c) of the Small Business Act is amended by striking out "$1,841,000,000" and "$1,375,000,000" and inserting in lieu thereof "$1,966,000,000" and "$1,500,000,000", respectively. SEC. 2. Effective on July 1, 1966, section 4(c) of the Small Business Act is amended to read as follows: " (c)(1) There are herebj established in the Treasury the following revolving funds: (A) a disaster loan fund which shall be available for financing functions performed under sections 7(b)(1), 7(b)(2), 7(b)(4), and 7(c)(2) of this Act, including administrative expenses in connection with such functions; and (B) a business loan and investment fund which shall be available for financing functions performed under sections 7(a), 7(b)(3), 7 (e), and 8(a) of this Act, titles III and V of the Small Business Investment Act of 1958, and title IV of the Economic Opportunity Act of 1964, including administrative expenses in connection with such functions. "(2) All repayments of loans and debentures, payments of interest and other receipts arising out of transactions heretofore or hereafter entered into by the Administration (A) pursuant to sections 7(b)(1), 7 (b)(2), 7 (b)(4), and 7(c)(2) of this Act shall be paid into the disaster loan fund; and (B) pursuant to sections 7(a), 7(b)(3), 7 (e), and 8(a) of this Act, titles III and V of the Small Business Investment Act of 1958, and title IV of the Economic Opportunity Act of 1964, shall be paid into the business loan and investment fund. " (3) Unexpended balances of appropriations made to the fund pursuant to this subsection, as in effect immediately prior to the effective date of this paragraph, shall be allocated, together with related assets and liabilities, to the funds established by paragraph (1) in such amounts as the Administrator shall determine. I n addition to any sums so allocated, appropriations are hereby authorized to be made to such funds, as capital thereof, in such amounts as may be necessary to carry out the functions of the Administration, which appropriations shall remain available until expended. "(4) The total amount of loans, guarantees, and other obligations or commitments, heretofore or hereafter entered into by the Administration, which are outstanding at any one time (A) under sections 7 (a), 7(b)(3), 7 (e), and 8(a) of this Act, and title IV of the Economic Opportunity Act of 1964, shall not exceed $1,400,000,000; (B)

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