Economic Development Administration

Economic Development Administration economic development assistance programs (including transfer of funds) For economic development assistance as authorized by titles I, II, III, IV and IX of the Public Works and Economic Development Act of 1965, as amended, and title II of the Trade Act of 1974, $507,625,000: Provided, That any unobligated balance remaining in the account entitled “Financial and Technical Assistance” as of September 30, 1978, shall be merged with this appropriation: Provided further, That total obligations for new loans and guarantees under the “Economic Development Revolving Fund” shall not exceed $75,000,000. local public works program For administrative expenses, including expenses for program evaluation by the Secretary of Commerce, necessary to carry out title I of the Public Works Employment Act of 1976 (Public Law 94–369), $10,600,000. administration of economic development assistance programs For necessary expenses of administering the economic development assistance programs, not otherwise provided for, $29,300,000, of which not to exceed $300,000 may be advanced to the Small Business Administration for processing of loan applications.