PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3849

(1) by striking "October 1, 1992" and inserting "October
1,1994";

(2) by striking "October 1, 1993" and inserting "October
1,1995"; and

(3) by striking "(18)", "(19)", and "(20)" and inserting "(23)",
"(24)", and "(25)", respectively.

(c) MlCROENTERPRISE AND SMALL BUSINESS DEVELOPMENT
INITIATIVE.—

(1) IN GENERAL.—Section 105 of the Housing and Commu-
nity Development Act of 1974 (42 U.S.C. 5305), as amended
by section 806, is further amended by adding at the end the
following new subsection:

"(g) MlCROENTERPRISE AND SMALL BUSINESS PROGRAM

REQUIREMENTS.—In developing program requirements and provid-
ing assistance pursuant to paragraph (17) of subsection (a) to a
microenterprise or small business, the Secretary shall—

"(1) take into account the special needs and limitations
arising from the size of the entity; and

"(2) not consider training, technical assistance, or other
support services costs provided to small businesses or
microenterprises or to grantees and subgrantees to develop
the capacity to provide such assistance, as a planning cost
pursuant to section 105(aXl2) or an administrative cost pursu-
ant to section 105(aX13).".

(2) DEFINITIONS.—Section 102(a) of the Housing and
Community Development Act of 1974 (42 U.S.C. 5302(a)) is
amended by adding at the end the following new paragraphs:

"(22) The term 'microenterprise' means a commercial enter-
prise that has 5 or fewer employees, 1 or more of whom owns
the enterprise.

"(23) The term 'small business' means a business that
meets the criteria set forth in section 3(a) of the Small Business
Act.".

(3) SENSE OF THE CONGRESS.—It is the sense of the Con-
gress that each grantee under title I of the Housing and
Community Development Act of 1974 should reserve 1 percent
of any grant amounts the grantee receives in each fiscal year
for the purpose of providing assistance under section 105(aX23)
of such Act to facilitate economic development through commer-
cial microenterprises.

(4) REPORT.^Not later than 18 months after the date of 42 use 5305
enactment of this Act, the Secretary shall submit to the Con- note'
gress a report on the effectiveness of assistance provided

through title I of the Housing and Community Development
Act of 1974 in promoting development of microenterprises,
including a review of any statutory or regulatory provision
that impedes the development of microenterprises.

(d) LOANS OF CDBG FUNDS.—Section 105(aX14) of the Housing
and Community Development Act of 1974 (42 U.S.C. 5305(aX14))
is amended by inserting before "activities" the following: "provision
of assistance including loans (both interim and long-term) and
grants for".

(e) CDBG CODE ENFORCEMENT.—Section 105(aX3) of the Hous-
ing and Community Development Act of 1974 is amended by strik-

"improvements and" and inserting "or private improvements