Page:United States Statutes at Large Volume 95.djvu/793

 PUBLIC LAW 97-35—AUG. 13, 1981

95 STAT. 767

PART 2—APPALACHIAN REGIONAL DEVELOPMENT SEC. 1822. (a) The Appalachian Regional Development Act of 1965 is amended as follows: (1) Section 105(b) is amended by striking out "$3,350,000 for the 40 USC app. 105. fiscal year ending September 30, 1982 (of such amount not to exceed $550,000 shall be available for expenses of the Federal cochairman, his alternate, and his staff).' and inserting in lieu thereof "$2,900,000 for the fiscal year ending September 30, 1982 (of such amount not to exceed $400,000 shall be available for expenses of the Federal cochairman, his alternate, and his staff).". (2) Section 201(g) is amended by striking out "and $215,000,000 40 USC app. 201. for fiscal year 1982" and inserting in lieu thereof "and $165,000,000 for fiscal year 1982". (3) Section 401 is amended by striking out "$140,000,000 for the 40 USC app. 40i. fiscal year ending September 30, 1982." and inserting in lieu thereof "$50,000,000 for the fiscal year ending September 30, 1982.". (4) Section 401 is amended by adding at the end thereof the following: "No part of the sums authorized in this section for the fiscal year ending September 30, 1982, shall be obligated for any project unless such project was undertaken with funds obligated in a previous fiscal year or is a capital project which was originally approved for funding in fiscal year 1981 and can be started and completed with funds authorized for fiscal year 1982."

TITLE XIX—SMALL BUSINESS SEC. 1901. This title may be cited as the "Small Business Budget Reconciliation and Loan Consolidation/Improvement Act of 1981". SEC. 1902. Subsection (a) of section 7 of the Small Business Act is amended to read as follows: "(a) The Administration is empowered to the extent and in such amounts as provided in advance in appropriation Acts to make loans for plant acquisition, construction, conversion, or expansion, including the acquisition of land, material, supplies, equipment, and working capital, and to make loans to any qualified small business concern, including those owned by qualified Indian tribes, for purposes of this Act. Such financings may be made either directly or in cooperation with banks or other financial institutions through agreements to participate on an immediate or deferred (guaranteed) basis. These powers shall be subject, however, to the following restrictions, limitations, and provisions: "(1) No financial assistance shall be extended pursuant to this subsection if the applicant can obtain credit elsewhere. No immediate participation may be purchased unless it is shown that a deferred participation is not available; and no direct financing may be made unless it is shown that a participation is not available. "(2) In agreements to participate in loans on a deferred basis under this subsection, such participation by the Administration, except as provided in paragraph (6), shall be: "(A) not less than 90 per centum of the balance of the financing outstanding at the time of disbursement if such financing does not exceed $100,000; and

Small Business Budget Reconciliation and Loan Consolidation/ Improvement Act of 1981. 15 USC 631 note. 15 USC 636.

Loan authority limitations.

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