Page:United States Statutes at Large Volume 84 Part 2.djvu/482

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[84 STAT. 1812]
PUBLIC LAW 91-000—MMMM. DD, 1970
[84 STAT. 1812]

1812 64 Stat. 873; 70 Stat. 908.

74 Stat. 547.

PUBLIC LAW 91-609-DEC. 31, 1970

[84 STAT.

(e) Subsection (m) of section 3 of the Federal Deposit Insurance Act, RS amended (12 U.S.C. 1813 (m)), is further amended by insertjj^g ^j^g words "of American Samoa," after the word "Guam,". (f) Subsection (o) of section 3 of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1813 (o)), is further amended by inserting the words "American Samoa," after the word "Guam,". (g) Paragraph (4) of subsection (a) of section 7 of the Federal Deposit lusurance Act, as amended (12 U.S.C. 1817(a)(4)), is further amended by inserting the words "American Samoa," after the word "Guam,". (h) Subparagraph (B) of paragraph (5) of subsection (b) of section 7 of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1817(b)(5)(B)), is further amended by inserting the words "American Samoa," after the word "Guam,". SURETY BOND GUARANTEES

_^_^^*A*-.482. 15 USC 692.

SEC. 911. (a) Title IV of the Small Business Investment Act of 1958 is amended—_ (1) by striking out the title heading and inserting in lieu thereof the following: "TITLE IV—GUAKANTEES " P A R T A—LEASE GUARANTEES";

(2) by striking out "this title", wherever it appears in sections 401 and 402, and inserting in lieu thereof "this part"; esulTiihrnLt""^' (3) by amending section 403 thereof to read as follows: "SEC. 403. There is hereby established a revolving fund for use by the Administration in carrying out the provisions of this part and part B of this title. Initial capital for such fund shall consist of not to exceed $10,000,000 transferred from the fund established under section ^c f!^!^'}o^' 4(^) ^^ ^^^ Small Business Act: Provided, That the last sentence of 15 USC 633. ic „or. ^o, such section 4(c) shall not apply to any amounts so transferred. Into the fund established by this section there shall be deposited all receipts from the guarantee programs authorized by this title. Moneys in such fund not needed for the payment of current operating expenses or for the payment of claims arising under such programs may be invested in bonds or other obligations of, or bonds or other obligations guaranteed as to principal and interest by, the United States; except that moneys provided as initial capital for such fund shall not be so invested but shall be returned to the fund established by section 4(c) of the Small Business Act, in such amounts and at such times as the Administration determines to be appropriate, whenever the level of the fund herein established is sufficiently high to permit the return of such moneys without danger to the solvency of the programs under this title. The Administration shall pay into miscellaneous receipts of the Treasury, as of the close of each fiscal year, interest on the net outstanding disbursements of the initial capital from the fund, at rates determined by the Secretary of the Treasury, taking into consideration the average yield on outstanding long-term, interest-bearing marketable public debt obligations of the United States as of the month of June preceding such fiscal year."; and (4) by adding at the end thereof the following: