PUBLIC LAW 102-366 —SEPT. 4, 1992 106 STAT. 1015 from companies operating pursuant to section 301(d) of such Act, and $100,000,000 in guarantees of participating securities"; (2) by striking in subsection (i)(3) '^stock and $232,000,000 in guarantees of debentures" and inserting in lieu thereof the foUoAwing: "securities, $232,000,000 in guarantees of debentures, of which $42,000,000 is authorized in guarantees of debentures from companies operating pursuant to section 301(d) of such Act, and $250,000,000 in guarantees of participating securities"; and (3) by adding the following new subsections at the end thereof: "(k) The following program levels are authorized for fiscal year 1995: "(1) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make $23,000,000 in purchases of preferred securities, $244,000,000 in guarantees of debentures, of which $44,000,000 is authorized in guarantees of debentures from companies operating pursuant to section 301(d) of such Act, and $400,000,000 in guaremtees of participating securities. "(1) There are authorized to be appropriated to the Administration for fiscal year 1995 such sums as may be necessary to carry out subsection (k), including salaries and expenses of the Administration. "(m) The following program levels are authorized for fiscal year 1996: "(1) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make $24,000,000 in purchases of preferred securities, $256,000,000 in guarantees of^debentures, of which $46,000,000 is authorized in guarantees of debentures from companies operating pursuant to section 301(d) of such Act, and $550,000,000 in guarantees of participating securities, "(n) There are authorized to be appropriated to the Administration for fiscal year 1996 such sums as may be necessary to carry out subsection (m), including salaries and expenses of the Administration. "(o) The following program levels are authorized for fiscal year 1997: "(1) For the programs authorized by title III of the Small Business Investment Act of 1958, the Administration is authorized to make $25,000,000 in purchases of preferred securities, $268,000,000 in guarantees of debentures, of which $48,000,000 is authorized in guarantees of debentures from companies operating pursuant to section 301(d) of such Act, and $700,000,000 in guareuitees of participating securities, "(p) There are authorized to be appropriated to the Administration for fiscal year 1997 such sums as may be necessary to carry out subsection (o), including salaries and expenses of the Administration.". SEC. 406. SAFETY AND SOUNDNESS. (a) FINANCIAL VIABILITY DETERMINED.— Section 302 of the Small Business Investment Act of 1958 (15 U.S.C. 682) is amended by adding the following at the end of subsection (a): 'The Administration shall also determine the ability of the company, both prior to Ucensing and prior to approving any request for financing, to
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