[Congressional Record Volume 145, Number 49 (Monday, April 12, 1999)]
[Senate]
[Page S3600]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          MICROLOAN PROGRAM TECHNICAL CORRECTIONS ACT OF 1999

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                        KERRY AMENDMENT NO. 248

  Mr. ENZI (for Mr. Kerry) proposed an amendment to the bill (H.R. 440) 
to make technical corrections to the Microloan Program; as follows:

       On page 2, strikes lines 7 through 20, and insert the 
     following:
       (1) in paragraph (7), by striking subparagraph (B) and 
     inserting the following:
       ``(B) Allocation.--
       ``(i) Minimum allocation.--Subject to the availability of 
     appropriations, of the total amount of new loan funds made 
     available for award under this subsection in each fiscal 
     year, the Administration shall make available for award in 
     each State (including the District of Columbia, the 
     Commonwealth of Puerto Rico, the United States Virgin 
     Islands, Guam, and American Samoa) an amount equal to the sum 
     of--

       ``(I) the lesser of--

       ``(aa) $800,000; or
       ``(bb) \1/55\ of the total amount of new loan funds made 
     available for award under this subsection for that fiscal 
     year; and

       ``(II) any additional amount, as determined by the 
     Administration.

       ``(ii) Redistribution.--If, at the beginning of the third 
     quarter of a fiscal year, the Administration determines that 
     any portion of the amount made available to carry out this 
     subsection is unlikely to be made available under clause (i) 
     during that fiscal year, the Administration may make that 
     portion available for award in any 1 or more States 
     (including the District of Columbia, the Commonwealth of 
     Puerto Rico, the United States Virgin Islands, Guam, and 
     American Samoa) without regard to clause (i).''; and

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