,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gdfg  ,,in ,,the ,,house ,,of  
,,representatives  ,july #a1 #bjbj,mr4  
,panetta introduced the following bill2 
which was referred to the ,committee on 
,transportation and ,infrastructure1 and
 in addition to the ,committee on       
,financial ,services1 for a period to be
 subsequently determined by the         
,speaker1 in each case for consideration
 of such provisions as fall within the  
jurisdiction of the committee concerned 
,a ,,bill  ,to amend the ,public ,works 
and ,economic ,development ,act of #aife
 to allow a grantee of revolving loan   
funds to transfer certain funds to other
 eligible projects4  #a4 ,short title   
,this ,act may be cited as the          
,revolving ,loan ,fund ,flexibility ,act
 of #bjbj4  #b4 ,revolving loan fund    
flexibility ,section #bji7;d7 of the    
,public ,works and ,economic            
,development ,act of #aife 7#db         
,u4,s4,c4 #cadi7;d77 is amended-- 7#a7  
by redesignating paragraphs 7#c7 and    

7#d7 as paragraphs 7#d7 and 7#e72 and   
7#b7 by inserting after paragraph 7#b7  
the following3  7#c7 ,revolving loan    
fund repurposing  7,a7 ,in general ,a   
grantee of revolving loan funds may1    
upon request1 transfer any funds that   
have been repaid to a revolving loan    
fund under this section to any other    
project eligible to receive funding     
under this section4  7,b7 ,eligibility  
,to be eligible to transfer revolving   
loan funds under this paragraph1 a      
grantee shall have more cash available  
for lending than the average cash       
available for lending in the ,,eda      
region in which such grantee is located4
  7,c7 ,discretion ,the ,secretary shall
 retain the discretion to approve or    
deny a transfer request under this      
paragraph4  7,d7 ,cash available for    
lending defined ,in this paragraph1 the 
term cash available for lending means   
the revolving loan fund cash available  
for lending net of the committed        
revolving loan fund cash4  4