Pub. L. 94-487, tit. I, sec. 107

Sec. 107. (a) Section 201 (c)(42 U.S.C. 3141) is amended to read as follows: “(c) There are hereby authorized to be appropriated such sums as may be necessary to carry out the provisions of this section and section 202, except that annual appropriations for the purpose of purchasing evidences of indebtedness, paying interest supplement to or on behalf of private entities making and participating in loans, and guaranteeing loans, shall not exceed $170,000,000 for the fiscal year ending June 30, 1966, and for each fiscal year thereafter through the fiscal year ending June 30, 1973, and shall not exceed $55,000,000 for the fiscal year ending June 30, 1974, and shall not exceed $75,000,000 for the fiscal years ending June 30, 1975, and June 30, 1976, and shall not exceed $18,750,000 for the period beginning July 1, 1976, and ending September 30, 1976, and shall not exceed $200,000,000 per fiscal year for the fiscal years ending September 30, 1977, September 30, 1978, and September 30, 1979.”. (b) Section 201 of such Act is further amended by striking subsection (d) of such section. (c) Section 202(a)(1) of such Act is amended by adding after paragraph (1) the following new paragraph: “(2) In addition to any other financial assistance under this title, the Secretary is authorized, in the case of any loan guarantee under authority of paragraph (1) of this section, to pay to or on behalf of the private borrower an amount sufficient to reduce up to 4 percentage points the interest paid by such borrower on such guaranteed loans. No payment under this paragraph shall result, in the interest rate being paid by a borrower on such a guaranteed loan being less than the rate of interest for such a loan if it were made tinder section 201 of this Act. Payments made to or on behalf of such borrower shall be made no Jess often than annually.”. (d) Section 202(a) of such Act. is amended by renumbering existing paragraph (2) as (3), including any references thereto.