DEVELOPMENT COMPANY LOANS—LEASED PREMISES.

SEC. 116. DEVELOPMENT COMPANY LOANS—LEASED PREMISES. (a) In General.— Section 502 of the Small Business Investment Act of 1958 (15 U.S.C. 696) is further amended by adding the following at the end thereof: 102 STAT. 2998 “(4) If the project is to construct a new facility, up to 33 per centum of the total project may be leased, if reasonable projections of growth demonstrate that the assisted small business concern will need additional space within three years and will fully utilize such additional space within ten years.”. (b) Technical Amendments to the Section.— (1) Title V of such Act is further amended by inserting the following heading at the beginning of section 502: “loans for plant acquisition, construction, conversion, and expansion”. (2) The table of contents of such Act is amended by inserting before the item relating to section 503 the following new item: “Sec. 502. Loans for plant acquisition, construction, conversion, and expansion.”.