113 STAT. 36 PUBLIC LAW 106-22 —APR. 27, 1999 Public Law 106-22 106th Congress An Act Apr. 27, 1999 [H.R. 440] To make technical corrections to the Microloan Program. Be it enacted by the Senate and House of Representatives of Microloan the United States of America in Congress assembled, Prosxam Technical SECTION 1. SHORT TITLE. JflS'""^^^* This Act may be cited as the "Microloan Program Technical Small business. Corrections Act of 1999". 15 USC 631 note, g^^ ^ TECHNICAL CORRECTIONS. Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended— (1) in paragraph (7), by striking subpgiragraph (B) and inserting the following: " (B) ALLOCATION.— "(i) MINIMUM ALLOCATION.— Subject to the availability of appropriations, of the total eunount of new loan funds made available for award under this subsection in each fiscal year, the Administration shall make available for award in each State (including the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Islands, GuEon, and American Samoa) em amount equal to the sum of— "(I) the lesser of— " (aa) $800,000; or "(bb) V55 of the total amount of new loan funds made available for award under this subsection for that fiscal yeEu*; and "(II) any additional amount, as determined by the Administration. " (ii) REDISTRIBUTION. — If, at the beginning of the third quarter of a fiscal year, the Administration determines that any portion of the sunount made available to carry out this subsection is unlikely to be made available under clause (i) during that fiscsQ year, the Administration may make that portion available for award in any one or more States (including the District of Columbia, the Commonwealth of Puerto Rico, the United States Virgin Isleuids, Guam, and American Samoa) without regard to clause (i)."; and (2) in paragraph (8)— (A) by inserting "and providing funding to intermediaries" after "program applicants"; and (B) by inserting "euid provide funding to" after "shall select".
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