Sec. 3. Effect on existing grants
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A nonprofit organization receiving a grant under section 29(m) of the Small Business Act ( 15 U.S.C. 656(m) ), as in effect on the day before the date of enactment of this Act, shall continue to receive the grant under the terms and conditions in effect for the grant on the day before the date of enactment of this Act, except that the nonprofit organization may not apply for a continuation of the grant under section 29(m)(5) of the Small Business Act ( 15 U.S.C. 656(m)(5) ), as in effect on the day before the date of enactment of this Act.
The Administrator of the Small Business Administration may award a grant under section 29 of the Small Business Act ( 15 U.S.C. 656 ), as amended by this Act, to a nonprofit organization receiving a grant under section
(m)of such section 29, as in effect on the day before the date of enactment of this Act, for the period— beginning on the day after the last day of the grant agreement under such section 29(m); and ending at the end of the third fiscal year beginning after the date of enactment of this Act.
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Sec. 3
Effect on existing grants
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