An original bill to provide authorizations for the Small Business Administration, and for other purposes.

[AI summary unavailable — showing source text] Title I: Authorizations and Miscellaneous Amendments - Amends the Small Business Act to authorize Small Business Administration (SBA) loan program levels, including salaries and expenses, for fiscal years 1981 and 1982. Authorizes necessary appropriations for fiscal year 1983 and thereafter for general SBA programs which do not require specific authorizations. Amends the Small Business Investment Act of 1958 to: (1) repeal the authority of the SBA to invest temporarily idle funds in the surety bond guarantees revolving fund; and (2) grant authority to invest such funds in the pollution control guarantee revolving fund. Amends such Act to permit the SBA to guarantee debentures issued by an eligible State or local development company. Limits the amount of such debentures to one-half of the project cost, the other half of such cost being supplied from non-Federal Government sources. Requires any such debenture-issuing company to have a full-time professional staff, professional management ability, and a regularly-meeting, decision-making board of directors or membership. Amends the Small Business Act to authorize the Administrator of SBA to transfer to participating lending institutio…