Page:United States Statutes at Large Volume 108 Part 5.djvu/713

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PUBLIC LAW 103-403—OCT. 22, 1994 108 STAT. 4203 "(ii) have substantial potential for stimulating new economic activity in communities most affected by reductions in Federal defense expenditures.". SEC. 604. MICROLOAN PROGRAM AMENDMENTS. Section 7(m)(9)(B) of the Small Business Act (15 U.S.C. 636(m)(9)(B)) is amended— (1) Ijy inserting "and loan guarantees" after "for loans"; and (2) by inserting after "experienced microlending organizations" the following: "and national and regional nonprofit organizations that have demonstrated experience in providing training support for microenterprise development and financing.. SEC. 605. TECHNICAL CLARIFICATION. (a) DEFENSE CONVERSION. —Section 7(a)(21)(A) of the Small Business Act (15 U.S.C. 636(a)(21)(A)) is amended by striking "under the" and inserting "on a guaranteed basis under the". (b) ADDITIONAL TECHNICAL CLARIFICATION.— Section 204 of Pub- He Law 94-305 (15 U.S.C. 634d) is amended by striking "section 202" and inserting "this title". SEC. 606. STUDY AND DATA BASE: GUARANTEED BUSINESS LOAN PRO- GRAM AND DEVELOPMENT COMPANY PROGRAM. (a) STUDY AUTHORIZED. — The Administration shall conduct a study of—• (1) the Guaranteed Business Loan program under section 7(a) of the Small Business Act; and (2) the Development Company program under sections 502, 503, and 504 of the Small Business Investment Act of 1958. (b) EVALUATION.— For purposes of the study conducted under subsection (a), the Administration shall evaluate the performance of the programs described in paragraphs (1) and (2) of subsection (a), using data from the most recent 4-year period. Such evaluation shall focus on the following factors: (1) The number, dollar amount, and average size of the loans or financings under each program. (2) The number, dollar amount, and average size of the loans or financings made to womsurowned and minority-owned businesses under each program. (3) The geographic distribution of the loans or financings under each program. (4) The jobs created or maintained attributable to the loans or financings under each program. \ (5) The number, dollar amount, and average size of the \ loans or financings on which borrowers defaulted under each \\ program. \\ (6) The amounts recovered by the Administration after \ \ default, foreclosure, or otherwise under each program. \\ (7) The number of companies which are no longer in busi- \ ness despite receiving the loans or financings under each program. (8) The taxes paid by businesses which received the loans or financings under each program. (9) Such other information as the Administration determines to be appropriate for a complete evaluation of each program. W