Page:United States Statutes at Large Volume 90 Part 1.djvu/717

 PUBLIC LAW 94-305—JUNE 4, 1976

90 STAT. 667

DEVELOPMENT COMPANY LOAN L I M I T

SEC. 110. Section 502(3) of the Small Business Investment Act of 1958 is amended by striking out "$350,000" and inserting in lieu thereof 15 USC 696 "$500,000". REGULAR BUSINESS LOAN L I M I T

SEC. 111. Section 7(a)(4)(A) of the Small Business Act is amended 15 USC 636. by striking out "$350,000" and by inserting in lieu thereof "$500,000: Provided, That no such loan made or effected either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate basis shall exceed $350,000". FARMING AND AGRICULTURE RELATED INDUSTRIES

SEC. 112. (a) Section 2 of the Small Business Act (15 U.S.C. 631) is amended by redesignating subsections (b) and (c) as (c) and (d), respectively, and by inserting immediately after subsection (a) the following new subsection: "(b) It is the declared policy of the Congress that the Government, through the Small Business Administrationj should aid and assist small business concerns which are engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries; and the financial assistance programs authorized by this Act are also to be used to assist such concerns.". (b) The first sentence of section 3 of the Small Business Act (15 U.S.C. 632) is amended by inserting after "concern" the following: ", including but not limited to enterprises that are engaged in the business of production of food and fiber, ranching and raising of livestock, aquaculture, and all other farming and agricultural related (c) Section 7(a)(1) of the Small Business Act (15 U.S.C. 636(a) (1)) is amended by inserting "from non-Federal sources" immediately before the period at the end thereof. (d)_ Section 7(b)(4) of the Small Business Act (15 U.S.C. 636(b) (4)) is amended by striking out the proviso. (e) Section 18 of the Small Business Act (15 U.S.C. 647) is amended by inserting after "Federal Government" the following: ", except to those enterprises engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries,". INCREASE AUTHORIZED CAPITAL OF SURETY BOND GUARANTEES

SEC. 113. Section 412 of the Small Business Investment Act of 1958 is amended by striking out "$35,000,000" and inserting in lieu thereof "$56,500,000"". INTEREST RATE

SEC. 114. Section 7(b) of the Small Business Act (15 U.S.C. 636(b)) is amended by striking from the first paragraph following paragraph (8) of such section 7(b) the following: "Notwithstanding the provisions of any other law, and except as otherwise provided in this subsection, the interest rate on the Administration's share of any loan

15 USC 694c.

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