Page:United States Statutes at Large Volume 91.djvu/587

 91 STAT. 553

PUBLIC LAW 9 5 - 8 9 — A U G. 4, 1977

Public Law 95-89 95th Congress An Act To amend the Small Business Act and the Small Business Investment Act of 1958 to increase loan authorization and surety bond guarantee authority; and to improve the disaster assistance, certificate of competency and Small Business set-aside programs, and for other purposes.

Be it enacted by the Senate and House of Representatives United States of America in Congress assembled,,

Aug. 4, 1977 [H.R. 692]

of the

TITLE I—AUTHORIZATIONS AND LIMITATIONS SEC. 10L (a) Section 4(c)(1) of the Small Business Act is amended by striking out"', including administrative expenses in connection with such functions" following " 7 (g) of this Act " and by striking out ", including administrative expenses in connection with such functions" following '•'Small Business Investment Act of 1958". (b) Section 4(c)(3) of such Act is amended by striking the last sentence. (c) Section 4(c)(4) of such Act is repealed. (d) Section 7(a)(8) of such Act is repealed. (e) Section 7(g)(4) of such Act is repealed. SEC. 102. Section 20 of the Small Business Act is amended to read as follows: " SEC. 20. (a) There are hereby authorized to be appropriated such sums as may be necessary and appropriate to carry out the provisions and purposes of this Act other than those for which appropriations are specifically authorized. " (b) The following program levels are authorized for fiscal year 1978: " (1) For the programs authorized by section 7(a) of this Act, the Administration is authorized to make $400,000,000 in direct loans, $15,000,000 in immediate participation loans, and $3,000,000,000 in deferred participation loans. " (2) For the programs authorized by section 7(h) of this Act, the Administration is authorized to make $30,000,000 in direct and immediate participation loans and $20,000,000 in guaranteed loans. " (3) For the programs authorized by section 7(i) of this Act, the Administration is authorized to make $60,000,000 in direct and immediate participation loans and $81,000,000 in guaranteed loans. " (4) For the programs authorized by sections 501 and 502 of the Small Business Investment Act of 1958, the Administration is authorized to make $45,000,000 in direct and immediate participation loans and $41,000,000 in guaranteed loans. " (5) For the programs authorized by title H I of the Small Business Investment Act of 1958, the Administration is authorized to make $20,000,000 in direct purchase of debentures and preferred securities and to make $180,000,000 in guarantees of debentures. " (6) For the programs authorized by part B of title IV of the Small Business Investment Act of 1958, the Administration is authorized to entei- into guarantees not to exceed $2,000,000,000.

Small Business Act and Small Business Investment Act of 1958, amendments. 15 USC 633.

Repeals. 15 USC 636. Appropriation authorization. 15 USC 631 note.

15 USC 695, 696.

15 USC 681.

15 USC 694a.

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