AUTHORIZATIONS.

SEC. 101. AUTHORIZATIONS. Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended by striking subsections (k) (as added by section 405(3) of the Small Business Credit and Business Opportunity Enhancement Act of 1992) through (p) and inserting the following: “(l) The following program levels are authorized for fiscal year 1995: “(1) For the programs authorized by this Act, the Administration is authorized to make— “(A) $45,000,000 in technical assistance grants as provided in section 7(m); and “(B) $130,000,000 in direct and immediate participation loans, and of such sum, the Administration is authorized to make— “(i) not more than $10,000,000 in loans, as provided in section 7(a)(10); and “(ii) not more than $120,000,000 in loans, as provided in section 7(m). “(2) For the programs authorized by this Act, the Administration is authorized to make $13,420,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— “(A) $9,150,000,000 in general business loans as provided in section 7(a); 108 STAT. 4177 “(B) $2,250,000,000 in financings as provided in section 7(a)(13) and section 504 of the Small Business Investment Act of 1958; “(C) $2,000,000,000 in loans as provided in section 7(a)(21); and “(D) $20,000,000 in loans as provided in section 7(m). “(3) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make— “(A) $23,000,000 in purchases of preferred securities; “(B) $244,000,000 in guarantees of debentures, of which $44,000,000 is authorized in guarantees of debentures from companies operating pursuant to section 301(d) of such Act; and “(C) $400,000,000 in guarantees of participating securities. “(4) 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 $1,800,000,000, of which not more than $600,000,000 may be in bonds approved pursuant to the provisions of section 411(a)(3) of such Act. “(5) The Administration is authorized to make grants or enter into cooperative agreements— “(A) for the Service Corps of Retired Executives pro-gram authorized by section 8(b)(1), $3,500,000; “(B) for the Small Business Institute program authorized by section 8(b)(1), $3,000,000; and “(C) for activities of small business development centers pursuant to section 21(c)(3)(G), $5,000,000, to remain available until expended. “(m) (1) There are authorized to be appropriated to the Administration for fiscal year 1995 such sums as may be necessary to carry out the provisions of this Act, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the provisions of the Small Business Investment Act of 1958, including salaries and expenses of the Administration. “(2) Notwithstanding paragraph (1), for fiscal year 1995— “(A) no funds are authorized to be provided to carry out the loan program authorized by section 7(a)(21) except by trans-fer from another Federal department or agency to the Administration, unless the program level authorized for general business loans under subsection (1)(2)(A) is fully funded; and “(B) the Administration may not approve loans on behalf of the Administration or on behalf of any other 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 $1,250,000. “(n) The following program levels are authorized for fiscal year 1996: “(1) For the programs authorized by this Act, the Administration is authorized to make— “(A) $65,000,000 in technical assistance grants as provided in section 7(m); and 108 STAT. 4178 “(B) $191,000,000 in direct and immediate participation loans, and of such sum, the Administration is authorized to make— “(i) $11,000,000 in loans, as provided in section 7(a)(10); and “(ii) $180,000,000 in loans, as provided in section 7(m). “(2) For the programs authorized by this Act, the Administration is authorized to make $15,680,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— “(A) $10,500,000,000 in general business loans as provided in section 7(a); “(B) $2,650,000,000 in financings as provided in section 7(a)(13) and section 504 of the Small Business Investment Act of 1958; “(C) $2,500,000,000 in loans as provided in section 7(a)(21); and “(D) $30,000,000 in loans as provided in section 7(m). “(3) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make— “(A) $24,000,000 in purchases of preferred securities; “(B) $256,000,000 in guarantees of debentures, of which $46,000,000 is authorized in guarantees of debentures from companies operating pursuant to section 301(d) of such Act; and “(C) $650,000,000 in guarantees of participating securities. “(4) 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 $1,900,000,000, of which not more than $625,000,000 may be in bonds approved pursuant to the provisions of section 411(a)(3) of such Act. “(5) The Administration is authorized to make grants or enter cooperative agreements— “(A) for the Service Corps of Retired Executives pro-gram authorized by section 8(b)(1), $3,700,000; “(B) for the Small Business Institute program authorized by section 8(b)(1), $3,200,000; and “(C) for activities of small business development centers pursuant to section 21(c)(3)(G), not to exceed $10,000,000, to remain available until expended. “(o) (1) There are authorized to be appropriated to the Administration for fiscal year 1996 such sums as may be necessary to carry out the provisions of this Act, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the provisions of the Small Business Investment Act of 1958, including salaries and expenses of the Administration. “(2) Notwithstanding paragraph (1), for fiscal year 1996— “(A) no funds are authorized to be provided to carry out the loan program authorized by section 7(a)(21) except by trans-fer from another Federal department or agency to the Administration, unless the program level authorized for general business loans under subsection (n)(2)(A) is fully funded; and 108 STAT. 4179 “(B) the Administration may not approve loans on behalf of the Administration or on behalf of any other 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 $1,250,000. “(p) The following program levels are authorized for fiscal year 1997: “(1) For the programs authorized by this Act, the Administration is authorized to make— “(A) $98,000,000 in technical assistance grants as provided in section 7(m); and “(B) $262,000,000 in direct and immediate participation loans, and of such sum, the Administration is authorized to make— “(i) $12,000,000 in loans, as provided in section 7(a)(10); and “(ii) $250,000,000 in loans, as provided in section 7(m). “(2) For the programs authorized by this Act, the Administration is authorized to make $19,390,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— “(A) $13,100,000,000 in general business loans as provided in section 7(a); “(B) $3,250,000,000 in financings as provided in section 7(a)(13) and section 504 of the Small Business Investment Act of 1958; “(C) $3,000,000,000 in loans as provided in section 7(a)(21); and “(D) $40,000,000 in loans as provided in section 7(m). “(3) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make— “(A) $25,000,000 in purchases of preferred securities; “(B) $268,000,000 in guarantees of debentures, of which $48,000,000 is authorized in guarantees of debentures from companies operating pursuant to section 301(d) of such Act; and “(C) $900,000,000 in guarantees of participating securities. “(4) 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 $2,000,000,000, of which not more than $650,000,000 may be in bonds approved pursuant to the provisions of section 411(a)(3) of such Act. “(5) The Administration is authorized to make grants or enter cooperative agreements— “(A) for the Service Corps of Retired Executives pro-gram authorized by section 8(b)(1), $3,900,000; “(B) for the Small Business Institute program authorized by section 8(b)(1), $3,400,000; and “(C) for activities of small business development centers pursuant to section 21(c)(3)(G), not to exceed $15,000,000, to remain available until expended. 108 STAT. 4180 “(q) (1) There are authorized to be appropriated to the Administration for fiscal year 1997 such sums as may be necessary to carry out the provisions of this Act, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the provisions of the Small Business Investment Act of 1958, including salaries and expenses of the Administration. “(2) Notwithstanding paragraph (1), for fiscal year 1997— “(A) no funds are authorized to be provided to carry out 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 subsection (p)(2)(A) is fully funded; and “(B) the Administration may not approve loans on behalf of the Administration or on behalf of any other 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 $1,250,000.”.