15 U.S.C. § 689k

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 689k - Examinations

(a) In general

Each New Markets Venture Capital company that participates in the program established under this part shall be subject to examinations made at the direction of the Investment Division of the Small Business Administration in accordance with this section.

(b) Assistance of private sector entities

Examinations under this section may be conducted with the assistance of a private sector entity that has both the qualifications and the expertise necessary to conduct such examinations.

(c) Costs

(1)¹ Assessment

(A) In general

The Administrator may assess the cost of examinations under this section, including compensation of the examiners, against the company examined.

(B) Payment

Any company against which the Administrator assesses costs under this paragraph shall pay such costs.

(d) Deposit of funds

Funds collected under this section shall be deposited in the account for salaries and expenses of the Small Business Administration.

¹So in original. No par. (2) has been enacted.

15 U.S.C. § 689k

Pub. L. 85-699, title III, §362, as added Pub. L. 106-554, §1(a)(8) [§1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A-662.

Administration: the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively; and
Administrator: the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively; and