Page:United States Statutes at Large Volume 102 Part 2.djvu/553

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.
PUBLIC LAW 100-000—MMMM. DD, 1988

PUBLIC LAW 100-418—AUG. 23, 1988

102 STAT. 1557


Section 7(a)(14) of the Small Business Act (15 U.S.C. 636(a)(14)) is amended to read as follows: "(14XA) The Administration under this subsection may provide extensions cmd revolving lines of credit for export purposes and for pre-export financing to enable small business concerns, including small business export trading companies and small business export management companies, to develop foreign markets. No such extension or revolving line of credit may be made for a period or periods exceeding 18 months. A bank or Banks and participating lending institution may establish the rate of in- banking. terest on extensions and revolving lines of credit as may be leged and reasonable. "(B) When considering loan or guarantee applications, the Loans. Administration shall give weight to export-related benefits, including opening new markets for United States goods and services abroad and encouraging the involvement of smsdl businesses, including agricultural concerns, in the export market. "(C) The Administration shall aggressively market its export financing program to small businesses.". SEC. 8006. SMALL BUSINESS DEVELOPMENT CENTERS.

(a) AUTHORIZATION OP APPROPRIATION.—Section 20 of the Smsill Business Act (15 U.S.C. 631 note) is amended by adding the following at the end of subsection (z): "There are hereby authorized to be appropriated to the Administration for each of the fiscal years 1988 and 1989, $5,000,000 to carry out the provisions of section 21(a)(6).". (b) SBDC INFORMATION DISSEMINATION AND SERVICE DELIVERY.— Section 21 of the Small Business Act (15 U.S.C. 648) is amended— (1) in subsection (a)(D, by inserting after "enterprises;" the following: "management and technical assistance regarding small business participation in international markets, export promotion and technology transfer;"; (2) in subsection (a), by redesignating paragraphs (2) through (4) as paragraphs (3) through (5), respectively, and by inserting the following after paragraph (1): "(2) The Small Business Development Centers shall work in close cooperation with the Administration's regional and local offices, the Department of Commerce, appropriate Federal, State and local agencies and the small business community to serve as an active information dissemination and service delivery mechanism for existing trade promotion, trade finance, trade adjustment, trade remedy and trade data collection programs of particular utility for small businesses."; (3) by adding at the end of subsection (a) the following new paragraph: "(6) Any applicant which is funded by the Administration as a Small Business Development (Denter may apply for an additional grant to be used solely to assist— '(A) with the development and enhancement of exports by small business concerns; and "(B) in technology transfer, as provided under subparagraphs (B) through (G) of subsection (c)(3). Applicants for such additional grants shall comply with all of the provisions of this section, including providing matching funds, except that funding under this paragraph shall be