Page:United States Statutes at Large Volume 97.djvu/50

 97 STAT. 18 PUBLIC LAW 98-8—MAR. 24, 1983 96 Stat. 1160. technology" in Public Law 97-272, no less than $950,000 shall be made available to the Housing Assistance Council within 45 calen- dar days of enactment of this Act. TO AID LOCAL ECONOMIC DEVELOPMENT TO OFFSET PRESENT BUSINESS AND PLANT CLOSURES Toward the objective of restoring the prior level of Federal sup- port for economic development purposes throughout a wide geo- graphic area as provided for by the Public Works and Economic 42 USC 3121 Development Act of 1965, as amended, and Public Law 91-304, and ^°^- such laws that were in effect immediately before September 30, 84 Stat. 375. 1932, an additional amount of $100,000,000 is appropriated for "Eco- nomic development assistance programs". Economic Development Administration. INCREASING SMALL BUSINESS ACTIVITIES For additional capital for the "Business loan and investment 15 USC 631 note, fund", authorized by the Small Business Act, as amended, $2,000,000, to remain available without fiscal year limitation: Pro- vided, That the administration may not decline to participate in a project under section 503 of the Small Business Investment Com- 15 USC 697. pany Act of 1958 because other sources of financing for the project include or are collateralized Iw obligations described in section 26 USC 103. 103(b) of the Internal Revenue Code of 1954: And provided further, That loans made with the proceeds of debentures guaranteed under section 503 of said Act shall be subordinated to obligations described in section 103(b) of the Internal Revenue Code of 1954: And provided further. That the administration and any other agency of thie Federal Government shall not restrict the use of debentures guaranteed under this section with obligations described in section 103(b) of the Internal Revenue Code of 1954 if the project being so financed otherwise complies with the regulations and procedures of the administration; and for additional capital for new direct loan obliga- tions to be incurred by the "Business loan and investment fund", 15 USC 636. authorized by section 7(a) of the Small Business Act, as amended, $50,000,000, to remain available without fiscal year limitation, to help small businesses throughout the Nation to employ additional personnel where economically feasible. DEVELOPING PARKS AND RECREATION AREAS An additional amount of $50,000,000 to remain available until expended, is appropriated for "Salaries and expenses". Small Busi- ness Administration to be available only for grants for resources development programs pursuant to section 21(a)(l) of the Small 15 USC 648. Business Act; notwithstanding any other provision of law including any contained herein, such sum shall be allocated to each State, the District of Columbia, and the Commonwealth of Puerto Rico on the basis of the average of the number of unemployed individuals who

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