
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC694c]

 
                      TITLE 15--COMMERCE AND TRADE
 
             CHAPTER 14B--SMALL BUSINESS INVESTMENT PROGRAM
 
                       SUBCHAPTER IV-A--GUARANTEES
 
                     Part B--Surety Bond Guarantees
 
Sec. 694c. Revolving fund for surety bond guarantees

    (a) There is created within the Treasury a separate fund for 
guarantees which shall be available to the Administrator without fiscal 
year limitation as a revolving fund for the purposes of this part. All 
amounts received by the Administrator, including any moneys, property, 
or assets derived by him from his operations in connection with this 
part, shall be deposited in the fund. All expenses and payments, 
excluding administrative expenses, pursuant to operations of the 
Administrator under this part shall be paid from the fund.
    (b) Such sums as may be appropriated to the Fund to carry out the 
programs authorized by this part shall be without fiscal year 
limitation.

(Pub. L. 85-699, title IV, Sec. 412, as added Pub. L. 93-386, 
Sec. 6(a)(4), Aug. 23, 1974, 88 Stat. 747; amended Pub. L. 94-305, title 
I, Sec. 113, June 4, 1976, 90 Stat. 667; Pub. L. 95-14, Sec. 4, Mar. 24, 
1977, 91 Stat. 25; Pub. L. 95-89, title I, Sec. 105, Aug. 4, 1977, 91 
Stat. 556; Pub. L. 96-302, title I, Sec. 111, July 2, 1980, 94 Stat. 
837; Pub. L. 100-590, title II, Sec. 208, Nov. 3, 1988, 102 Stat. 3009.)


                               Amendments

    1988--Pub. L. 100-590 designated existing provisions as subsec. (a) 
and added subsec. (b).
    1980--Pub. L. 96-302 repealed investment of idle funds provision, 
which is covered in section 694-2 of this title.
    1977--Pub. L. 95-89 prohibited payment of administrative expenses 
from the fund and deleted provisions which authorized: a $110,000,000 
appropriation of capital for the fund; and payment during the fiscal 
year into the Treasury as miscellaneous receipts, from the fund, of 
interest on the cumulative amount of appropriations available as capital 
to the fund less the average undisbursed cash balance in the fund during 
the year.
    Pub. L. 95-14 substituted ``$110,000,000'' for ``$56,500,000''.
    1976--Pub. L. 94-305 substituted ``$56,500,000'' for 
``$35,000,000''.


                    Effective Date of 1988 Amendment

    Amendment by Pub. L. 100-590 effective on expiration of 180 days 
after Nov. 3, 1988, see section 209 of Pub. L. 100-590, set out as an 
Effective and Termination Dates of 1988 Amendment note under section 
694b of this title.


                    Effective Date of 1980 Amendment

    Amendment by Pub. L. 96-302 effective Oct. 1, 1980, see section 507 
of Pub. L. 96-302, set out as a note under section 631 of this title.


                    Effective Date of 1977 Amendment

    Amendment by Pub. L. 95-89 effective Oct. 1, 1977, see section 106 
of Pub. L. 95-89, set out as a note under section 633 of this title.
