; and (ii) may implement a process described in clause (i) for fellows during the period of the fellowship and during the 5-year period after the end of the fellowship. (i) Program fund for capital (1) In general There is established in the Treasury a fund, which shall be available to the Administrator to provide loans to qualified investors. (2) Amount of loans (A) In general A loan to a qualified investor under this subsection shall be not more than 66.6 percent of the amount of equity the qualified investor invested in the applicable small business concern owned and operated by a fellow under the Program. (B) Establishment of loan limits The Administrator may establish additional limits on the maximum amount of loans to qualified investors under this subsection if the Administrator determines the limits are necessary to ensure that the Administrator may make such loans during the full period of the Program, using the amounts made available for such loans. (3) Loan term A loan under this subsection shall have a maturity of not longer than 30 years. (4) Rate of interest The rate of interest on a loan under this subsection shall be equal to the discount window primary credit interest rate most recently published on the Federal Reserve Statistical Release on selected interest rates (daily or weekly), commonly referred to as the H.15 release or the Federal funds rate . (5) Funding (A) Appropriations Out of funds in the Treasury not otherwise appropriated, there is appropriated to the fund established under paragraph (1) $30,000,000, to remain available until expended. (B) Reinvestment of repayments Any amounts received from the repayment of a loan under this subsection shall be deposited in the fund established under paragraph (1) and shall remain available until expended. (j) Reporting by fellows Each fellow under the Program shall, on an annual basis, submit to the Committee and each mentor assigned to the fellow under subsection (e) a progress report on the activities of the fellow. (k) Selection committee (1)