A bill to amend the Small Business Act and the Small Business Investment Act of 1958.

[AI summary unavailable — showing source text] Amends the Small Business Act to increase the authorization for funding small businesses, State and local development companies, and small business investment companies for FY 1983 and 1984. Requires the Small Business Administration (SBA) to guarantee loans, debentures, qualified contract payments, and other types of financial assistance and to guarantee sureties against loss pursuant to programs under such Act and the Small Business Investment Act of 1958, subject only to the availability of qualified applications for such guarantees and limitations contained in appropriations Acts. Amends the Small Business Investment Act of 1958 to require that guarantees of qualified contract payments by the SBA be issued in the case of pollution control facilities or property when such property is acquired with proceeds from tax-free industrial revenue bonds. (Currently, issuance is discretionary in such cases.) Prohibits the SBA from establishing eligibility criteria for surety bond guarantees based upon the amount of the bond or upon a percentage related to previously completed contracts. Requires the SBA to examine each application for such a guarantee on a case-by-case basis in order to d…