92 STAT. 1766
PUBLIC LAW 95-507—OCT. 24, 1978
Business and Capital Ownership Development who shall also manage all other services and activities authorized under sections 7(i) and Ante, pp. 17614, 8 (a) of this Act. J761. "(A) The Program shall— "(i) assist small business concerns participating in the Program to develop comprehensive business plans with specific business targets, objectives, and goals; " (ii) provide for such other nonfinancial services as deemed necessary for the establishment, preservation, and growth of small business concerns participating in the Program, including but not limited to (I) loan packaging, (II) financial counseling, ( III) accounting and bookkeeping assistance, (IV) marketing assistance, and (V) management assistance; "(iii) assist small business concerns participating in the Program to obtain equity and debt financing; ^ ^ "(iv^) establish regular performance monitoring and reporting systems for small business concerns participating in the Program to assure compliance with their business plans; "(v) analyze and report the causes of success and failure of small business concerns participating in the Program; and "(vi) provide assistance necessary to help small business concerns participating in the Program to procure surety bonds, with such assistance including, but not limited to, (I) the preparation of application forms required to receive a 1 surety bond, (II) special management and technical assistance designed to meet the specific needs of small business concerns participating in the Program and which have received or are applying to receive a surety bond, and ( III) preparation of all forms necessary to receive a surety bond guarantee from the Adma.iiistration pursuant to title IV, part 15 USC 694a. B of the Small Business Investment Act of 1958. •*'(B) Small business concerns eligible to receive contracts pursuant to section 8(a) of this Act shall participate in the Program. "(C) No small business concern shall receive a contract pursuant to section 8(a) of this Act unless the Program is able to provide such small business concern with, but not limited to, such management, technical, and financial services as may be necessary to promote the competitive viability of the small business concern within a reasonable period of time. Responsibilities. "(11) The Associate Administrator for Minority Small Business and Capital Ownership Development shall be responsible for coordinating and formulating policies relating to Federal assistance to small business concerns eligible for assistance under section 7(i) of this Act and small business concerns eligible to receive contracts pursuant to section 8(a) of this Act.". 15 USC 636. SEC. 205. Section 7(k) of the Small Business Act is amended by striking the words "7(i) and 7 (j) " and inserting in lieu thereof "7(i), 7(j), and 8(a)". 15 USC 633. SEC. 206. Section 4(b) of the Small Business Act is amended by striking "Associate Administrator for Minority Small Business" where it appears therein and by substituting the following: "Associate Administrator for Minority Small Business and Capital Ownership Development".
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