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United States · Law · S

S. 141 (108th)

A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.

enactedUnited States· United States Congress· EN

Introduced

10 January 2003

Last action

Status

Became Public Law No: 108-8.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions, and historical data included in the FY 2003 budget. Requires the Small Business Administration, after written notification to Congress, to implement the validated, OMB-approved subsidy rate for FY 2003, using this model and methodology.

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Documents

14 official files

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