AUTHORIZATIONS.

SEC. 101. AUTHORIZATIONS. Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended by striking subsections (c) through (q) and inserting the following: “(c) Fiscal Year 1998.— “(1) Program levels.— The following program levels are authorized for fiscal year 1998: “(A) For the programs authorized by this Act, the Administration is authorized to make— “(i) $40,000,000 in technical assistance grants, as provided in section 7(m); and “(ii) $60,000,000 in direct loans, as provided in section 7(m). “(B) For the programs authorized by this Act, the Administration is authorized to make $16,040,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— “(i) $12,000,000,000 in general business loans as provided in section 7(a); “(ii) $3,000,000,000 in financings as provided in section 7(a)(13) of this Act and section 504 of the Small Business Investment Act of 1958; “(iii) $1,000,000,000 in loans as provided in section 7(a)(21); and “(iv) $40,000,000 in loans as provided in section 7(m). “(C) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make— “(i) $700,000,000 in purchases of participating securities; and “(ii) $600,000,000 in guarantees of debentures. “(D) 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 section 411(a)(3) of that Act. “(E) The Administration is authorized to make grants or enter into cooperative agreements— “(i) for the Service Corps of Retired Executives program authorized by section 8(b)(1), $4,000,000; and “(ii) for activities of small business development centers pursuant to section 21(c)(3)(G), $15,000,000, to remain available until expended. “(2) Additional authorizations.— “(A) There are authorized to be appropriated to the Administration for fiscal year 1998 such sums as may be necessary to carry out this Act, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the Small Business Investment Act of 1958, including salaries and expenses of the Administration. 111 STAT. 2595 “(B) Notwithstanding subparagraph (A), for fiscal year 1998— “(i) 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 paragraph (1)(B)(i) is fully funded; and “(ii) 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. “(d) Fiscal Year 1999.— “(1) Program levels.— The following program levels are authorized for fiscal year 1999: “(A) For the programs authorized by this Act, the Administration is authorized to make— “(i) $40,000,000 in technical assistance grants as provided in section 7(m); and “(ii) $60,000,000 in direct loans, as provided in section 7(m). “(B) For the programs authorized by this Act, the Administration is authorized to make $17,540,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— “(i) $13,000,000,000 in general business loans as provided in section 7(a); “(ii) $3,500,000,000 in financings as provided in section 7(a)(13) of this Act and section 504 of the Small Business Investment Act of 1958; “(iii) $1,000,000,000 in loans as provided in section 7(a)(21); and “(iv) $40,000,000 in loans as provided in section 7(m). “(C) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make— “(i) $800,000,000 in purchases of participating securities; and “(ii) $700,000,000 in guarantees of debentures. “(D) 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 section 411(a)(3) of that Act. “(E) The Administration is authorized to make grants or enter cooperative agreements— “(i) for the Service Corps of Retired Executives program authorized by section 8(b)(1), $4,500,000; and “(ii) 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. 111 STAT. 2596 “(2) Additional authorizations.— “(A) There are authorized to be appropriated to the Administration for fiscal year 1999 such sums as may be necessary to carry out this Act, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the Small Business Investment Act of 1958, including salaries and expenses of the Administration. “(B) Notwithstanding subparagraph (A), for fiscal year 1999— “(i) 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 paragraph (1)(B)(i) is fully funded; and “(ii) 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. “(e) Fiscal Year 2000.— “(1) Program levels.— The following program levels are authorized for fiscal year 2000: “(A) For the programs authorized by this Act, the Administration is authorized to make— “(i) $40,000,000 in technical assistance grants as provided in section 7(m); and “(ii) $60,000,000 in direct loans, as provided in section 7(m). “(B) For the programs authorized by this Act, the Administration is authorized to make $20,040,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— “(i) $14,500,000,000 in general business loans as provided in section 7(a); “(ii) $4,500,000,000 in financings as provided in section 7(a)(13) of this Act and section 504 of the Small Business Investment Act of 1958; “(iii) $1,000,000,000 in loans as provided in section 7(a)(21); and “(iv) $40,000,000 in loans as provided in section 7(m). “(C) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make— “(i) $900,000,000 in purchases of participating securities; and “(ii) $800,000,000 in guarantees of debentures. “(D) 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 111 STAT. 2597$650,000,000 may be in bonds approved pursuant to section 411(a)(3) of that Act. “(E) The Administration is authorized to make grants or enter cooperative agreements— “(i) for the Service Corps of Retired Executives program authorized by section 8(b)(1), $5,000,000; and “(ii) 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. “(2) Additional authorizations.— “(A) There are authorized to be appropriated to the Administration for fiscal year 2000 such sums as may be necessary to carry out this Act, including administrative expenses and necessary loan capital for disaster loans pursuant to section 7(b), and to carry out the Small Business Investment Act of 1958, including salaries and expenses of the Administration. “(B) Notwithstanding subparagraph (A), for fiscal year 2000— “(i) 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 paragraph (1)(B)(i) is fully funded; and “(ii) 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.”.