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$21,800,000,000 in deferred participation loans
and other financings. Of such sum, the Admin-
istration is authorized to make—
‘‘(i) $16,000,000,000 in general busi-
ness loans as provided in section 7(a);
‘‘(ii) $5,000,000,000 in financings as
provided in section 7(a)(13) of this Act
and section 504 of the Small Business In-
vestment Act of 1958;
‘‘(iii) $500,000,000 in loans as pro-
vided in section 7(a)(21); and
‘‘(iv) $300,000,000 in loans as pro-
vided in section 7(m).
‘‘(C) For the programs authorized by title
III of the Small Business Investment Act of
1958, the Administration is authorized to
make—
‘‘(i) $4,000,000,000 in purchases of
participating securities; and
‘‘(ii) $3,000,000,000 in guarantees of
debentures.
‘‘(D) For the programs authorized by part
B of title IV of the Small Business Investment
Act of 1958, the Administration is authorized
to enter into guarantees not to exceed
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$6,000,000,000 of which not more than
$650,000,000 may be in bonds approved pursu-
ant to section 411(a)(3) of that Act.
‘‘(E) The Administration is authorized to
make grants or enter into cooperative agree-
ments for a total amount of $7,000,000 for the
Service Corps of Retired Executives program
authorized by section 8(b)(1).
‘‘(2) ADDITIONAL AUTHORIZATIONS.—
‘‘(A) There are authorized to be appro-
priated to the Administration for fiscal year
2003—
‘‘(i) $17,000,000 for the direct admin-
istration of the loan programs established
under sections 7(a) and 7(m) of this Act
and under title V of the Small Business
Investment Act of 1958; and
‘‘(ii) $12,000,000 for the salaries and
expenses of the Investment Division estab-
lished in title II of the Small Business In-
vestment Act of 1958.
‘‘(B) There are authorized to be appro-
priated to the Administration for fiscal year
2003 such sums as may be necessary to carry
out the provisions of this Act not elsewhere pro-
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vided for, including administrative expenses and
necessary loan capital for disaster loans pursu-
ant to section 7(b), and to carry out title IV of
the Small Business Investment Act of 1958, in-
cluding salaries and expenses of the Adminis-
tration.
‘‘(C) Notwithstanding any other provision
of this paragraph, for fiscal year 2003—
‘‘(i) no funds are authorized to be
used as loan capital for the loan program
authorized by section 7(a)(21) except by
transfer from another Federal department
or agency to the Administration, unless the
program level authorized for general busi-
ness loans under paragraph (1)(B)(i) is
fully funded; and
‘‘(ii) the Administration may not ap-
prove loans on its own behalf or on behalf
of any other Federal department or agen-
cy, by contract or otherwise, under terms
and conditions other than those specifically
authorized under this Act or the Small
Business Investment Act of 1958, except
that it may approve loans under section
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7(a)(21) of this Act in gross amounts of
not more than $1,250,000.’’.
SEC. 3. ADDITIONAL REAUTHORIZATIONS.
(a) SMALL BUSINESS DEVELOPMENT CENTERS PRO-
GRAM.—Section 21(a)(4)(C)(iii)(III) of the Small Busi-
ness Act (15 U.S.C. 648(a)(4)(C)(iii)(III)) is amended by
striking ‘‘$95,000,000’’ and inserting ‘‘$125,000,000’’.
(b) DRUG-FREE WORKPLACE PROGRAM.—Section
27(g)(1) of the Small Business Act (15 U.S.C. 654(g)(1))
is amended by striking ‘‘$10,000,000 for fiscal years 1999
and 2000’’ and inserting ‘‘$5,000,000 for each of fiscal
years 2001 through 2003’’.
(c) HUBZONE PROGRAM.—Section 31 of the Small
Business Act (15 U.S.C. 657a) is amended by adding at
the end the following new subsection:
‘‘(d) AUTHORIZATION OF APPROPRIATIONS.—There
is authorized to be appropriated to carry out the program
established by this section $10,000,000 for each of fiscal
years 2001 through 2003.’’.
(d) WOMEN’S BUSINESS ENTERPRISE DEVELOP-
MENT PROGRAMS.—Section 411 of the Women’s Business
Ownership Act (Public Law 105–135; 15 U.S.C. 631 note)
is amended by striking ‘‘$600,000, for each of fiscal years
1998 through 2000,’’ and inserting ‘‘$1,000,000 for each
of fiscal years 2001 through 2003,’’.
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(e) VERY SMALL BUSINESS CONCERNS PROGRAM.—
Section 304(i) of the Small Business Administration Re-
authorization and Amendments Act of 1994 (Public Law
103–403; 15 U.S.C. 644 note) is amended by striking
‘‘September 30, 2000’’ and inserting ‘‘September 30,
2003’’.
(f) SOCIALLY AND ECONOMICALLY DISADVANTAGED
BUSINESSES PROGRAM.—Section 7102(c) of the Federal
Acquisition Streamlining Act of 1994 (Public Law 103–
355; 15 U.S.C. 644 note) is amended by striking ‘‘Sep-
tember 30, 2000’’ and inserting ‘‘September 30, 2003’’.
SEC. 4. LOAN APPLICATION PROCESSING.
(a) STUDY.—The Administrator of the Small Busi-
ness Administration shall conduct a study to determine
the average time that the Administration requires to proc-
ess an application for each type of loan or loan guarantee
made under the Small Business Act (15 U.S.C. 631 et
seq.).
(b) TRANSMITTAL.—Not later than 1 year after the
date of the enactment of this section, the Administrator
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shall transmit to Congress the results of the study con-
ducted under paragraph (1).
Passed the House of Representatives March 15,
2000.
Attest:
JEFF TRANDAHL,
Clerk.
By MARTHA C. MORRIS,
Deputy Clerk.