I 108th CONGRESS 2d Session H. R. 4376 IN THE HOUSE OF REPRESENTATIVES May 17, 2004 Mrs. Kelly (for herself, Mrs. Johnson of Connecticut, Mr. Michaud, Ms. Slaughter, Ms. Majette, and Mr. Udall of New Mexico) introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to establish funding priorities for women’s business centers for fiscal year 2004.

1.

Short title

This Act may be cited as the &short-title1;.

2.

Funding priorities for women’s business development centers for fiscal year 2004

(a)

Reservation of funds for sustainability grants

Notwithstanding section 29(k)(4)(B) of the Small Business Act (15 U.S.C. 656(k)(4)(B)), 48 percent of the total amount made available for fiscal year 2004 for grants under section 29 of such Act shall be reserved by the Administrator of the Small Business Administration for sustainability grants under section 29(l) of such Act. (b)

Maximum amount of sustainability grants

The amount of funding made available by the Administrator of the Small Business Administration under section 29(l) of the Small Business Act (15 U.S.C. 656(l)) to any women’s business center for fiscal year 2004 shall not exceed $125,000. (c)

Amount of continuation grants

The amount of funding made available for fiscal year 2004 by the Administrator of the Small Business Administration under section 29(b) of the Small Business Act (15 U.S.C. 656(b)) to any women’s business center that also received funding under such section for fiscal year 2003 shall be equal to the lesser of— (1)$150,000, or (2)the amount requested by such women’s business center.