Sec. 20. **[**[15 U.S.C. 631 note](/us/usc/t15/s631)**]**
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## Sec. 20 **[**[15 U.S.C. 631 note](/us/usc/t15/s631)**]** ###
(a)####
(1)For fiscal year 2000 and each fiscal year thereafter, there are authorized to be appropriated such sums as may be necessary and appropriate, to remain available until expended, and to be available solely— #####
(A)to carry out the Small Business Development Center Program under section 21, but not to exceed the annual funding level, as specified in section 21(a); #####
(B)to pay the expenses of the National Small Business Development Center Advisory Board, as provided in section 21(i); #####
(C)to pay the expenses of the information sharing system, as provided in section 21(c)(8); #####
(D)to pay the expenses of the association referred to in section 21(a)(3)(A) for conducting the accreditation program, as provided in section 21(k)(2); #####
(E)to pay the expenses of the Administration, including salaries of examiners, for conducting examinations as part of the accreditation program conducted by the association referred to in section 21(a)(3)(A); and ##### (F)81 to pay for small business development center grants as mandated or directed by Congress. 81Margin so in law. ####
(2)Notwithstanding any other provision of law, the Administration shall enter into commitments for direct loans and to guarantee loans, debentures, payment of rentals, or other amounts due under qualified contracts and other types of financial assistance and enter into commitments to purchase debentures and preferred securities and to guarantee sureties against loss pursuant to programs under this Act and the Small Business Investment Act of 1958, in the full amounts provided by law subject only to
(A)the availability of qualified applications, and
(B)limitations contained in appropriations Acts. Nothing in this paragraph authorizes the Administration to reduce or limit its authority to enter into such commitments. Subject to approval in appropriations Acts, amounts authorized for preferred securities, debentures or participating securities under title III of the Small Business Investment Act of 1958 may be obligated in one fiscal year and disbursed or guaranteed in any 1 or more of the 4 subsequent fiscal years. ####
(3)There are authorized to be transferred from the disaster loan revolving fund such sums as may be necessary and appropriate for administrative expenses of the Administration. ####
(4)Except as may be otherwise specifically provided by law, the amount of deferred participation loans authorized in this section— #####
(A)shall mean the net amount of the loan principal guaranteed by the Small Business Administration (and does not include any amount which is not guaranteed); and #####
(B)shall be available for a national program, except that the Administration may use not more than an amount equal to 10 percent of the amount authorized each year for any special or pilot program directed to identified sectors of the small business community or to specific geographic regions of the United States. ###
(b)There are authorized to be appropriated to the Administration for fiscal year 1991 such sums as may be necessary to carry out the provisions of this Act and the Small Business Investment Act of 1958. There also are hereby authorized to be appropriated such sums as may be necessary and appropriate for the carrying out of the provisions and purposes, including administrative expenses, of sections 7(b)(1) and 7(b)(2) of this Act; and there are authorized to be transferred from the disaster loan revolving fund such sums as may be necessary and appropriate for such administrative expenses. ###
(c)Disaster Mitigation Pilot Program The following program levels are authorized for loans under section 7(b)(1)(C): ####
(1)$15,000,000 for fiscal year 2005. ####
(2)$15,000,000 for fiscal year 2006. ###
(d)Fiscal Year 2005 ####
(1)Program levels The following program levels are authorized for fiscal year 2005: #####
(A)For the programs authorized by this Act, the Administration is authorized to make— ######
(i)$75,000,000 in technical assistance grants, as provided in section 7(m); and ######
(ii)$105,000,000 in direct loans, as provided in 7(m). #####
(B)For the programs authorized by this Act, the Administration is authorized to make $23,050,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— ######
(i)$16,500,000,000 in general business loans, as provided in section 7(a); ######
(ii)$6,000,000,000 in certified development company financings, as provided in section 7(a)(13) and as provided in section 504 of the Small Business Investment Act of 1958; ######
(iii)$500,000,000 in loans, as provided in section 7(a)(21); and ######
(iv)$50,000,000 in loans, as provided 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)$4,250,000,000 in purchases of participating securities; and ######
(ii)$3,250,000,000 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 $6,000,000,000, of which not more than 50 percent may be in bonds approved pursuant to section 411(a)(3) of that Act. #####
(E)The Administration is authorized to make grants or enter into cooperative agreements 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 appropriated to the Administration for fiscal year 2005 such sums as may be necessary to carry out the provisions of this Act not elsewhere provided for, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the Small Business Investment Act of 1958, including salaries and expenses of the Administration. #####
(B)Notwithstanding any other provision of this paragraph, for fiscal year 2005— ######
(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 business loans under paragraph (1)(B)(i) is fully funded; and ######
(ii)the Administration may not approve loans on its own behalf or on behalf of any other Federal department or agency, 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 7(a)(21) of this Act in gross amounts of not more than $2,000,000. ###
(e)Fiscal Year 2006 ####
(1)Program levels The following program levels are authorized for fiscal year 2006: #####
(A)For the programs authorized by this Act, the Administration is authorized to make— ######
(i)$80,000,000 in technical assistance grants, as provided in section 7(m); and ######
(ii)$110,000,000 in direct loans, as provided in 7(m). #####
(B)For the programs authorized by this Act, the Administration is authorized to make $25,050,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— ######
(i)$17,000,000,000 in general business loans, as provided in section 7(a); ######
(ii)$7,500,000,000 in certified development company financings, as provided in section 7(a)(13) and as provided in section 504 of the Small Business Investment Act of 1958; ######
(iii)$500,000,000 in loans, as provided in section 7(a)(21); and ######
(iv)$50,000,000 in loans, as provided 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)$4,500,000,000 in purchases of participating securities; and ######
(ii)$3,500,000,000 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 $6,000,000,000, of which not more than 50 percent may be in bonds approved pursuant to section 411(a)(3) of that Act. #####
(E)The Administration is authorized to make grants or enter into cooperative agreements 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 appropriated to the Administration for fiscal year 2006 such sums as may be necessary to carry out the provisions of this Act not elsewhere provided for, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the Small Business Investment Act of 1958, including salaries and expenses of the Administration. #####
(B)Notwithstanding any other provision of this paragraph, for fiscal year 2006— ######
(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 business loans under paragraph (1)(B)(i) is fully funded; and ######
(ii)the Administration may not approve loans on its own behalf or on behalf of any other Federal department or agency, 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 7(a)(21) of this Act in gross amounts of not more than $2,000,000. ###
(f)Fiscal Year 2004 Purchase and Guarantee Authority Under Title III of Small Business Investment Act of 1958 For fiscal year 2004, for the programs authorized by title III of the Small Business Investment Act of 1958 (15 U.S.C. 681 et seq.), the Administration is authorized to make— ####
(1)$4,000,000,000 in purchases of participating securities; and ####
(2)$3,000,000,000 in guarantees of debentures. ###
(g)Authority To Increase Amount of General Business Loans ####
(1)In general Subject to paragraphs
(2)and
(3)and with respect to fiscal year 2019 and each fiscal year thereafter, if the Administrator determines that the amount of commitments by the Administrator for general business loans authorized under section 7(a) for a fiscal year could exceed the limit on the total amount of commitments the Administrator may make for those loans under this Act, an appropriations Act, or any other provision of law, the Administrator may make commitments for those loans for that fiscal year in an aggregate amount equal to not more than 115 percent of that limit. ####
(2)Notice required before exercising authority Not later than 30 days before the date on which the Administrator intends to exercise the authority under paragraph (1), the Administrator shall submit notice of intent to exercise the authority to— #####
(A)the Committee on Small Business and Entrepreneurship and the Subcommittee on Financial Services and General Government of the Committee on Appropriations of the Senate; and #####
(B)the Committee on Small Business and the Subcommittee on Financial Services and General Government of the Committee on Appropriations of the House of Representatives. ####
(3)Limitation The Administrator shall not exercise the authority under paragraph
(1)more than once during any fiscal year. ###
(h)Microloan Program For each of fiscal years 2021 through 2025, the Administration is authorized to make— ####
(1)$80,000,000 in technical assistance grants, as provided in section 7(m); and ####
(2)$110,000,000 in direct loans, as provided in section 7(m).
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