§ 697c. — Restrictions on development company assistance.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC697c]
TITLE 15--COMMERCE AND TRADE
CHAPTER 14B--SMALL BUSINESS INVESTMENT PROGRAM
SUBCHAPTER V--LOANS TO STATE AND LOCAL DEVELOPMENT COMPANIES
Sec. 697c. Restrictions on development company assistance
Notwithstanding Any Other Provision of Law: (1) on or after May 1,
1991, no development company may accept funding from any source,
including but not limited to any department or agency of the United
States Government, if such funding includes any conditions, priorities
or restrictions upon the types of small businesses to which they may
provide financial assistance under this subchapter or if it includes any
conditions or imposes any requirements, directly or indirectly, upon any
recipient of assistance under this subchapter; and (2) before such date,
no department or agency of the United States Government which provides
funding to any development company shall impose any condition, priority
or restriction upon the type of small business which receives financing
under this subchapter nor shall it include any condition or impose any
requirement, directly or indirectly, upon any recipient of assistance
under this subchapter: Provided, That the foregoing shall not affect any
such conditions, priorities or restrictions if the department or agency
also provides all of the financial assistance to be delivered by the
development company to the small business and such conditions,
priorities or restrictions are limited solely to the financial
assistance so provided.
(Pub. L. 85-699, title V, Sec. 506, as added Pub. L. 100-590, title I,
Sec. 117(b), Nov. 3, 1988, 102 Stat. 2998.)
