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INNER CITY BROADCASTING CORP. v. SANDERS

No. 83-1273.

733 F.2d 154 (1984)

INNER CITY BROADCASTING CORPORATION, et al. v. James C. SANDERS, Administrator, U.S. Small Business Administration, et al., Appellants, Federal Railroad Administration.

United States Court of Appeals, District of Columbia Circuit.

Decided May 4, 1984.

Attorney(s) appearing for the Case

John D. Bates, Asst. U.S. Atty., Washington, D.C., with whom Stanley S. Harris, U.S. Atty., Washington, D.C. (at the time the brief was filed), Royce C. Lamberth and R. Craig Lawrence, Asst. U.S. Attys., Washington, D.C., were on the brief, for appellants. Michael J. Ryan, Asst. U.S. Atty., Washington, D.C., also entered an appearance for appellants.

Nolan N. Atkinson, Jr., Philadelphia, Pa., for appellees. Roma J. Stewart, Washington, D.C., also entered an appearance for appellees.

Before MIKVA and EDWARDS, Circuit Judges, and BAZELON, Senior Circuit Judge.

Opinion for the Court filed by Circuit Judge MIKVA.

MIKVA, Circuit Judge:

This case involves a Small Business Investment Company (SBIC) that seeks financial aid from the Small Business Administration (SBA) under section 303(c) of the Small Business Investment Act of 1958, as amended, 15 U.S.C. § 683(c) (1982) (the Act). The amount of such financial aid available to an SBIC is based upon a "matching fund" ratio, whereby the more "private paid-in capital...

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