SBA Revolving Funds and Participations: Hearing, Eighty-ninth Congress, Second Session |
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Common terms and phrases
agency appropriations authorize SBA Banking and Currency beneficial interests budget Business Investment Act Business loan approvals business loan program CHAIRMAN collection receipts conducted by SBA Congress congressional Currency Committee DAVIS disaster loan fund disaster loan program Economic Opportunity Act effect EMERY L Federal National Mortgage financing fiscal FNMA participations sales full committee GETTYS Government guarantee House Hurricane Betsy individual loans interest collections investment fund issued January 25 legislation limitations loan and investment loan pools million National Mortgage Association needs obligations participation certificates passed in trust percent poverty loans principal and interest purposes regular business loan revolving fund sale of beneficial sale of participations SBA lending SBA loans SBA's lending programs section 4(c sell Senate Senate bills separate funds Small Business Act Small Business Administration Small Business Investment subcommittee SULLIVAN TALCOTT thereof tion Trade Expansion Act transaction Treasury trust instrument WIDNALL WILLIAM PROXMIRE WRIGHT PATMAN ZEIDMAN
Popular passages
Page 1 - The Administration also is empowered to make loans (either directly or in cooperation with banks or other lenders through agreements to participate on an. immediate or deferred basis...
Page 3 - ... are not guaranteed by the United States and do not constitute a debt or obligation of the United States or of any agency or instrumentality thereof other than the Corporation.
Page 2 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 2 - Code, is amended by— (1) striking out the word "and" at the end of paragraph (8) ; (2) striking out the period at the end of paragraph (9) and inserting in lieu thereof a semicolon and...
Page 2 - The head of each such department or agency, hereinafter in this subsection called the "trustor." is authorized to set aside a part or all of any obligations held by him and subject them to a trust or trusts and, incident thereto, shall guarantee to the trustee timely payment thereof. The trust instrument may provide for the issuance and sale of beneficial interests or participations, by the trustee, in such obligations or in the right to receive interest and principal collections therefrom ; and...
Page 1 - Treasury shall determine annually the rate referred to in paragraph (1)(B). taking into consideration the current average market yields on outstanding interestbearing marketable public debt obligations of the United States of maturities comparable to those of the loans outstanding under section 314.
Page 1 - ... of this Act, titles III and V of the Small Business Investment Act of 1958, and title IV of the Economic Opportunity Act of 1964, including administrative expenses in connection with such functions.
Page 1 - ... to the Committees on Banking and Currency of the Senate and House of Representatives) ; and (2) The utilization of the land for the public purpose will contribute to economy, efficiency, and the comprehensively planned development of the area.
Page 20 - The trust instrument shall provide that the trustee will promptly pay to the trustor the full net proceeds of any sale of beneficial interests or participations to the extent they are based upon such obligations or collections.
Page 2 - Any participations or other instruments so guaranteed shall to the same extent as securities issued or guaranteed by the United States or its instrumentalities be deemed to be exempt securities within the meaning of laws administered by the Securities and Exchange Commission.