Page:United States Statutes at Large Volume 94 Part 1.djvu/887

 PUBLIC LAW 96-302—JULY 2, 1980

94 STAT. 837

"(5) $10,900,000 shall be available for program evaluation and data management with priority given to the development of an automated internal Administration management data base, to the enhancement of the Administration's document tracking system, to the installation of terminals in Administration field offices, and to the development of an indicative small business data base comprised of names and addresses and related information, of which amount not less than $1,210,000 shall be used to pay for development of such indicative small business data base, "(m) The Administrator may transfer no more than 10 percent of each of the total levels for salaries and expenses authorized in paragraphs (1) through (5) of section 20(1) of this Act: Provided, however, That no level authorized in such paragraphs may be increased more than 20 percent by any such transfers.". PART B—MISCELXANEOUS AND TECHNICAL AMENDMENTS

SEC. 110. Section 20(a) of the Small Business Act is amended to read 15 USC 631 note, as follows: "For fiscal years 1981, 1982, 1983 and 1984 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. For fiscal year 1985 and every year thereafter, 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. All appropriations whether specifically or generally authorized shall remain available until expended.". INVESTMENT OF IDLE FUNDS

SEC. I l l, The last sentence of section 412 of the Small Business Investment Act of 1958 is repealed. 15 USC 694c. SEC. 112. Section 405 of the Small Business Investment Act of 1958 15 USC 694-2. is amended by adding at the end thereof the following: "Moneys in the fund not needed for the payment of current operating expenses or for the payment of claims arising under this part may be invested in bonds or other obligations of, or bonds or other obligations guaranteed as to principal and interest by, the United States; except that moneys provided as capital for the fund shall not be so invested.". DEVELOPMENT COMPANY DEBENTURES

SEC. 113. (a) Title V of the Small Business Investment Act of 1958 is amended by adding at the end thereof the following new section: "DEVELOPMENT COMPANY DEBENTURES

"SEC. 503. (a)(1) Except as provided in subsection (b), the Adminis- Guarantees, tration may guarantee the timely payment of all principal and 15 USC 697. interest as scheduled on any debenture issued by any qualified State or local development company. "(2) Such guarantees may be made on such terms and conditions as the Administration may by regulation determine to be appropriate. "(3) The full faith and credit of the United States is pledged to the payment of all amounts guaranteed under this subsection. "(4) Any debenture issued by any State or local development company with respect to which a guarantee is made under this

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