[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 842 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 842

    To provide for the transfer of funds to carry out the financing 
 functions of the Small Business Administration under section 7(a) of 
                        the Small Business Act.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

               April 29 (legislative day, April 19), 1993

 Mr. Pressler introduced the following bill; which was read twice and 
              referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
    To provide for the transfer of funds to carry out the financing 
 functions of the Small Business Administration under section 7(a) of 
                        the Small Business Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TRANSFER OF SMALL BUSINESS ADMINISTRATION FUNDS.

    (a) In General.--Not later than 7 days after the date of enactment 
of this Act, the Administrator of the Small Business Administration 
(hereafter in this section referred to as the ``Administration'') 
shall--
            (1) initiate established procedures for the transfer of 
        unobligated funds appropriated to the Administration in an 
        amount equal to not less than $30,000,000 for the purpose of 
        carrying out the financing functions of the Administration 
        under section 7(a) of the Small Business Act; and
            (2) submit a request for such transfer to the Committee on 
        Appropriations of the Senate.
    (b) Processing of Applications.--Notwithstanding the unavailability 
of funding, the Administration shall continue to receive and process 
applications for assistance to small business concerns in accordance 
with section 7(a) of the Small Business Act until July 1, 1993.

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