A bill to amend the Small Business Investment Act of 1958 to provide debentures for state development companies licensed pursuant to section 501 of the Small Business Investment Act of 1958.
Small Business Administration State Development Company Program Amendments of 1983 - Amends the Small Business Investment Act of 1958 to authorize the Small Business Administration (SBA) to purchase or guarantee any debenture issued by a qualified State development company unless such debenture is collateralized by industrial development bonds. Requires debentures so purchased or guaranteed to be treated on an equal basis in repayment and liquidation with those funds borrowed by the qualified State development company unless the SBA determines that such debentures may be subordinate to the company's other debts and obligations.
Senate agreed to request for conference. Appointed conferees. Weicker; Packwood; Hatch; Gorton; Bumpers; Nunn; Huddleston.
Referred to Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems.
Introduced in Senate
Read twice and referred to the Committee on Small Business.
Committee on Small Business. Hearings held. Hearings printed: S.Hrg. 98-100.
Committee on Small Business. Provisions of measure incorporated into measure S. 1323 ordered to be reported.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line