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‘‘(A) unless the Director of OMB has de-
termined, in consultation with the NTIA, the 
appropriateness of such costs and the timeline 
for relocation; and 
‘‘(B) until 30 days after the Director of 
the OMB has submitted to the Committees on 
Appropriations and Energy and Commerce of 
the House of Representatives, the Committees 
on Appropriations and Commerce, Science, and 
Transportation of the Senate, and the Comp-
troller General a detailed plan describing how 
the sums transferred from the Fund will be 
used to pay relocation costs in accordance with 
such subsection and the timeline for such relo-
cation. 
‘‘(3) REVERSION
OF
UNUSED
FUNDS.—Any 
auction proceeds in the Fund that are remaining 
after the payment of the relocation costs that are 
payable from the Fund shall revert to and be depos-
ited in the general fund of the Treasury not later 
than 8 years after the date of the deposit of such 
proceeds to the Fund. 
‘‘(e) TRANSFER TO ELIGIBLE FEDERAL ENTITIES.—
‘‘(1) TRANSFER.—
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‘‘(A) Amounts made available pursuant to 
subsection (d) shall be transferred to eligible 
Federal entities, as defined in section 113(g)(1) 
of this Act. 
‘‘(B) An eligible Federal entity may receive 
more than one such transfer, but if the sum of 
the subsequent transfer or transfers exceeds 10 
percent of the original transfer—
‘‘(i) such subsequent transfers are 
subject to prior approval by the Director of 
OMB as required by subsection (d)(2)(A); 
‘‘(ii) the notice to the committees con-
taining the plan required by subsection 
(d)(2)(B) shall be not less than 45 days 
prior to the date of the transfer that 
causes such excess above 10 percent; 
‘‘(iii) such notice shall include, in ad-
dition to such plan, an explanation of need 
for such subsequent transfer or transfers; 
and 
‘‘(iv) the Comptroller General shall, 
within 30 days after receiving such plan, 
review such plan and submit to such com-
mittees an assessment of the explanation 
for the subsequent transfer or transfers.
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‘‘(C) Such transferred amounts shall be 
credited to the appropriations account of the el-
igible Federal entity which has incurred, or will 
incur, such costs, and shall, subject to para-
graph (2), remain available until expended. 
‘‘(2) RETRANSFER TO FUND.—An eligible Fed-
eral entity that has received such amounts shall re-
port its expenditures to OMB and shall transfer any 
amounts in excess of actual relocation costs back to 
the Fund immediately after the NTIA has notified 
the Commission that the entity’s relocation is com-
plete, or has determined that such entity has unrea-
sonably failed to complete such relocation in accord-
ance with the timeline required by subsection 
(d)(2)(A).’’. 
SEC. 5. TELECOMMUNICATIONS DEVELOPMENT FUND. 
Section 714(f) of the Communications Act of 1934 
(47 U.S.C. 614(f)) is amended to read as follows: 
‘‘(f) LENDING AND CREDIT OPERATIONS.—Loans or 
other extensions of credit from the Fund shall be made 
available to an eligible small business on the basis of—
‘‘(1) the analysis of the business plan of the eli-
gible small business; 
‘‘(2) the reasonable availability of collateral to 
secure the loan or credit extension;
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‘‘(3) the extent to which the loan or credit ex-
tension promotes the purposes of this section; and 
‘‘(4) other lending policies as defined by the 
Board.’’. 
SEC. 6. CONSTRUCTION. 
Nothing in this Act is intended to modify section 
1062(b) of the National Defense Authorization Act for 
Fiscal Year 2000 (Public Law 106–65). 
SEC. 7. ANNUAL REPORT. 
The National Telecommunications and Information 
Administration shall submit an annual report to the Com-
mittees on Appropriations and Energy and Commerce of 
the House of Representatives, the Committees on Appro-
priations and Commerce, Science, and Transportation of 
the Senate, and the Comptroller General on—
(1) the progress made in adhering to the 
timelines applicable to relocation from eligible fre-
quencies required under section 118(d)(2)(A) of the 
National Telecommunications and Information Ad-
ministration Organization Act, separately stated on 
a communication system-by-system basis and on an 
auction-by-auction basis; and 
(2) with respect to each relocated communica-
tion system and auction, a statement of the estimate 
of relocation costs required under section 113(g)(4)
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of such Act, the actual relocations costs incurred, 
and the amount of such costs paid from the Spec-
trum Relocation Fund. 
SEC. 8. PRESERVATION OF AUTHORITY; NTIA REPORT RE-
QUIRED. 
(a) SPECTRUM
MANAGEMENT
AUTHORITY
RE-
TAINED.—Except as provided with respect to the bands 
of frequencies identified in section 113(g)(2)(A) of the Na-
tional Telecommunications and Information Administra-
tion Organization Act (47 U.S.C. 923(g)(2)(A)) as amend-
ed by this Act, nothing in this Act or the amendments 
made by this Act shall be construed as limiting the Fed-
eral Communications Commission’s authority to allocate 
bands of frequencies that are reallocated from Federal use 
to non-Federal use for unlicensed, public safety, shared, 
or non-commercial use. 
(b) NTIA REPORT REQUIRED.—Within 1 year after 
the date of enactment of this Act, the Administrator of 
the National Telecommunications and Information Ad-
ministration shall submit to the Energy and Commerce 
Committee of the House of Representatives and the Com-
merce, Science, and Transportation Committee of the Sen-
ate a report on various policy options to compensate Fed-
eral entities for relocation costs when such entities’ fre-