| Home > 106th Congressional Bills > H.R. 440 (eh) To make technical corrections to the Microloan Program. [Engrossed in House] ...
H.R. 440 (eh) To make technical corrections to the Microloan Program. [Engrossed in House] ...
In the Senate of the United States,
March 25, 1999.
Resolved, That the bill from the House of Representatives (H.R.
440) entitled ``An Act to make technical corrections to the Microloan
Program.'', do pass with the following
Page 2, strike out all after line 6 down to and including line 20
(1) in paragraph (7), by striking subparagraph (B) and
inserting the following:
``(i) Minimum allocation.--Subject to the
availability of appropriations, of the total
amount of new loan funds made available for
award under this subsection in each fiscal
year, the Administration shall make available
for award in each State (including the District
of Columbia, the Commonwealth of Puerto Rico,
the United States Virgin Islands, Guam, and
American Samoa) an amount equal to the sum of--
``(I) the lesser of--
``(aa) $800,000; or
``(bb) \1/55\ of the total
amount of new loan funds made
available for award under this
subsection for that fiscal
``(II) any additional amount, as
determined by the Administration.
``(ii) Redistribution.--If, at the
beginning of the third quarter of a fiscal
year, the Administration determines that any
portion of the amount made available to carry
out this subsection is unlikely to be made
available under clause (i) during that fiscal
year, the Administration may make that portion
available for award in any 1 or more States
(including the District of Columbia, the
Commonwealth of Puerto Rico, the United States
Virgin Islands, Guam, and American Samoa)
without regard to clause (i).''; and
H. R. 440
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