TELECOMMUNICATIONS DEVELOPMENT FUND.

SEC. 205. TELECOMMUNICATIONS DEVELOPMENT FUND. Section 714(f) of the Communications Act of 1934 (47 U.S.C. 614(f)) is amended to read as follows:“(f) Lending and Credit Operations.—Loans or other extensions of credit from the Fund shall be made available to an eligible small business on the basis of—“(1) the analysis of the business plan of the eligible small business;“(2) the reasonable availability of collateral to secure the loan or credit extension;“(3) the extent to which the loan or credit extension promotes the purposes of this section; and“(4) other lending policies as defined by the Board.”.