‘‘(1) REIMBURSEMENT
OF
EXPENSES.—The 
Administration shall reimburse each certified devel-
opment company for all expenses paid by such com-
pany as part of the foreclosure and liquidation ac-
tivities if the expenses—
‘‘(A) were approved in advance by the Ad-
ministration either specifically or generally; or 
‘‘(B) were incurred by the company on an 
emergency basis without Administration prior 
approval but which were reasonable and appro-
priate. 
‘‘(2) COMPENSATION FOR RESULTS.—The Ad-
ministration shall develop a schedule to compensate 
and provide an incentive to qualified State or local 
development companies which foreclose and liquidate 
defaulted loans. The schedule shall be based on a 
percentage of the net amount recovered but shall not 
exceed a maximum amount. The schedule shall not 
apply to any foreclosure which is conducted pursu-
ant to a contract between a development company 
and a qualified third-party to perform the fore-
closure and liquidation.’’.
SEC. 210. CLOSING COSTS. 
Paragraph (4) of section 503(b) of the Small Busi-
ness Investment Act of 1958 (15 U.S.C. 697(b)) is amend-
ed to read as follows: 
‘‘(4) the aggregate amount of such debenture 
does not exceed the amount of loans to be made 
from the proceeds of such debenture plus, at the 
election of the borrower under the Certified Develop-
ment Company Economic Development Loan Pro-
gram, other amounts attributable to the administra-
tive and closing costs of such loans, except for the 
borrower’s attorney fees;’’. 
SEC. 211. MAXIMUM CERTIFIED DEVELOPMENT COMPANY 
AND 7(a) LOAN ELIGIBILITY. 
Section 502(2) of the Small Business Investment Act 
of 1958 (15 U.S.C. 696(2)) is amended by adding at the 
end the following: 
‘‘(C) COMBINATION
FINANCING.—Financ-
ing under this title may be provided to a bor-
rower in the maximum amount provided in this 
subsection, plus a loan guarantee under section 
7(a) of the Small Business Act may also be pro-
vided to the same borrower in the maximum 
provided in section 7(a)(3)(A) of such Act.’’.
SEC. 
212. 
ELIGIBILITY 
FOR 
ENERGY 
EFFICIENCY 
PROJECTS. 
Section 501(d)(3) of the Small Business Investment 
Act of 1958 (15 U.S.C. 695(d)(3)) is amended—
(1) in subparagraph (G) by striking ‘‘or’’ at the 
end; 
(2) in subparagraph (H) by striking the period 
at the end and inserting a comma; and 
(3) by inserting after subparagraph (H) the fol-
lowing: 
‘‘(I) reduction of energy consumption by at 
least 10 percent, or 
‘‘(J) increased use of sustainable design or 
low-impact design to produce buildings that re-
duce the use of non-renewable resources, mini-
mize environmental impact, and relate people 
with the natural environment.’’. 
SEC. 213. LOANS FOR PLANT PROJECTS USED FOR ENERGY-
EFFICIENT PURPOSES. 
Section 502(2)(A) of the Small Business Investment 
Act of 1958 (15 U.S.C. 696(2)(A)) is amended—
(1) in clause (ii) by striking ‘‘and’’ at the end; 
(2) in clause (iii) by striking the period at the 
end and inserting ‘‘; and’’; and 
(3) by adding at the end the following:
‘‘(iv) $4,000,000 for each project that 
reduces the borrower’s energy consumption 
by at least 10 percent.’’. 
SEC. 214. EXTENSION OF PERIOD DURING WHICH LOSS RE-
SERVES OF PREMIER CERTIFIED LENDERS 
DETERMINED 
ON 
THE 
BASIS 
OF 
OUT-
STANDING BALANCE OF DEBENTURES. 
Section 508(c)(6)(B) of the Small Business Invest-
ment Act of 1958 (15 U.S.C. 697e(c)(6)(B)) is amended 
by striking ‘‘during the 2-year period beginning on the 
date that is 90 days after the date of the enactment of 
this subparagraph,’’ and inserting ‘‘through the end of fis-
cal year 2008,’’. 
SEC. 215. EXTENSION OF ALTERNATIVE LOSS RESERVE 
PILOT PROGRAM FOR CERTAIN PREMIER 
CERTIFIED LENDERS. 
Section 508(c)(7)(J) of the Small Business Invest-
ment Act of 1958 (15 U.S.C. 697e(c)(7)(J)) is amended 
by striking ‘‘means’’ and all that follows through the pe-
riod at the end and inserting ‘‘means each calendar quar-
ter through the end of fiscal year 2008.’’. 
Passed the House of Representatives April 25, 2007. 
Attest:
Clerk.