108 STAT. 2866 PUBLIC LAW 103-337—OCT. 5, 1994 Navy and industry on research and development of dual-use technologies in order to further the national security objectives set forth in section 2501(a) of this title. "(b) PARTNERSHIPS.—The Secretary shall provide for the establishment under the program of cooperative arrangements (hereinafter in this section referred to as 'partnerships') between Department of the Navy entities and eligible firms and nonprofit research corporations referred to in section 2511(b) of this title. A partnership may also include one or more Federal laboratories, institutions of higher education, agencies of State and local governments, and other entities, as determined appropriate by the Secretary. "(c) PROGRAM REQUIREMENTS AND ADMINISTRATION.—Subsections (c) through (f) of section 2519 of this title shall apply in the administration of the program. "(d) ADDITIONAL SELECTION CRITERIA.— The selection criteria for a proposed partnership for establishment under this section shall also include the potential effectiveness of the partnership in the further development and application of each technology proposed to be developed by the partnership for Navy acquisition programs. "(e) REGULATIONS. —The Secretary shall prescribe regulations for the purposes of this section.". (c) CLERICAL AMENDMENTS. —The table of sections at the beginning of such subchapter is amended by adding at the end the following: "2519. Federal Defense Laboratory Diversification Program. "2520. Navy Reinvestment Program.". (d) DEFINITION OF FEDERAL LABORATORY. — Section 2491(5) of title 10, United States Code, is amended by inserting before the period at the end the following: ", except that such terms include a federally funded research and development center sponsored by a Federal agency". SEC. 1114. LOAN GUARANTEES UNDER DEFENSE DUAL-USE ASSIST- ANCE EXTENSION PROGRAM. ^.a) MEMORANDUM OF UNDERSTANDING TO ADMINISTER LOAN GUARANTEE PROGRAM.—(1) For fiscal year 1995, the Secretary of Defense may enter into a memorandum of understanding with the Administrator of the Small Business Administration, the Administrator of the Economic Development Administration of the Department of Commerce, or the head of any other Federal agency having expertise regarding the provision of loan guarantees, under which such agency may— (A) process applications for loan guarantees under section 2524(b)(3) of title 10, United States Code, during that fiscal year; (B) guarantee repayment of the resulting loans; and (C) provide any other services to the Secretary to administer the loan guarantee program under such section during that fiscal year. (2) From fUnds made available for the loan guarantee program under such section, the Secretary of Defense may transfer to the agency or agencies that are parties to the memorandum of understanding such sums as may be necessary for the agency or agencies to ceirry out activities under the loan guarantee program.