Sec. 1114. Contribution percentages for 504 projects
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Notwithstanding section 502(3) of the Small Business Investment Act of 1958 ( 15 U.S.C. 696(3) ), during the period beginning on the date of enactment of this Act and ending on the Oversight Board termination date, the Administrator may guarantee a debenture issued by a development company that has its principal office located in Puerto Rico if, of the total cost of the project financed— 50 percent is derived from a loan from a private sector lender; 45 percent is derived from a loan made from the proceeds of such debenture issued by the development company; and 5 percent is provided by the borrower of such loans.
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Sec. 1114
Contribution percentages for 504 projects
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