Page:United States Statutes at Large Volume 106 Part 2.djvu/111

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PUBLIC LAW 102-366 —SEPT. 4, 1992 106 STAT. 991 "(vii) COVERED INTERMEDIARIES.—The interest rates prescribed in this subparagraph shall apply to all logins made to intermediaries under this subsection on or after October 28, 1991."; (4) in paragraph (4)— (A) in subparagraph (A), by striking "Subject to" and inserting "Except as otherwise provided in subparagraph (C) and subject to"; and (B) by striking subparagraph (A) and inserting in lieu thereof: "(A) GRANT AMOUNTS.— Except as otherwise provided in subparagraph (C) and subject to subparagraph (B), each intermediary that receives a loan under subparagraph (B)(i) of paragraph (1) shall be eligible to receive a grant to provide marketing, management, and technical assistance to small business concerns that are borrowers under this subsection. Except as provided in subparagraph (C), each intermediary meeting the requirements of subparagraph (B) may receive a grant of not more them 25 percent of the total outstanding balance of loans made to it under this subsection."; (C) in subparagraph (B), by striking "an amount equal to one-half of the amount of the grant" and inserting in lieu thereof "an amount equal to 25 percent of the amount of the grant"; (D) by adding at the end the following: "(C) ADDITIONAL TECHNICAL ASSISTANCE GRANTS FOR MAK- ING CERTAIN LOANS.— "(i) IN GENERAL. —Each intermediary that has a portfolio of loans made under this subsection that averages not more than $7,500 during the period of the intermediar^s participation in the program shall be eligible to receive a grant equal to 5 percent of the total outstanding balance of loans made to the intermediary under this subsection, in addition to grants made under subparagraph (A). "(ii) PURPOSES. —^A grant awarded under clause (i) may be used to provide marketing, management, and technical assistance to small business concerns that are borrowers under this subsection. "(iii) CONTRIBUTION EXCEPTION.— The contribution requirements in subparagraph (B) do not apply to grants made under this subparagraph. "(D) ELIGIBILITY FOR MULTIPLE SITES OR OFFICES. —The eligibilif^ for a grant described in subparagraph (A), or (C) shall be determined separately for each loan-making site or office of 1 intermediary."; (5) in paragraph (5)(A), by striking "2 grants" and inserting "6 grants"; (6) in paragraph (6), by amending subparagraph (C) to read as follows: " (C) INTEREST LIMIT. —Notwithstanding any provision of the laws of any State or the constitution of any State pertaining to the rate or amount of interest that may be charged, taken, received, or reserved on a loan, the maximum rate of interest to be charged on a microloan funded under this subsection shall not exceed the rate