Small Business Administration

Small Business Administration salaries and expenses For necessary expenses, not otherwise provided for, of the Small Business Administration, including hire of passenger motor vehicles, and not to exceed $5,000,000 for expenses necessary to carry out the provisions of section 406 of the Economic Opportunity Act of 1964, as amended, $22,560,000, and in addition there may be transferred to this appropriation not to exceed a total of $67,440,000 from the “Disaster loan fund”, the “Business loan and investment fund”, and the “Lease and surety bond guarantees revolving fund”, in such amounts as may be necessary for administrative expenses in connection with activities respectively financed under said funds: Provided, That 10 per centum of the amount authorized to be transferred from these revolving funds shall be apportioned for use, pursuant to section 3679 of the Revised Statutes, as amended, only in such amounts and at such times as may be necessary to carry out the business and disaster loan, and lease and surety bond guarantee programs. payment of participation sales insufficiencies For the payment of such insufficiencies as may lie required by the Government National Mortgage Association, as trustee, on account of outstanding beneficial interests or participations in obligations of the Small Business Administration authorized by the Departments of St ate, Justice, and Commerce, the Judiciary, and Related Agencies Appropriation Act, 1968, to be issued pursuant to section 302(c) of the Government National Mortgage Association Charter Act, as amended, $970,000. disaster loan fund business loan and investment fund lease and surety bond guarantees revolving fund The Small Business Administration is hereby authorized to make such expenditures, within the limits of funds and borrowing authority available to the following funds, and in accord with the law, and to make such contracts and commitments without regard to fiscal year limitations as provided by section 104 of the Government Corporation Control Act, as amended, as may be necessary in carrying out the programs set forth in the budget for the current fiscal year for the “Disaster loan fund,” the “Business loan and investment fund,” and the “Lease and surety bond guarantees revolving fund.” business loan and investment fund For additional capital for the “Business loan and investment fund,” authorized by the Small Business Act, as amended, $395,000,000, to remain available without fiscal year limitation. 86 Stat. 1131 disaster loan fund For additional capital for the “Disaster loan fund,” authorized by the Small Business Act, as amended, $80,000,000, to remain available without fiscal year limitation.