15 U.S.C. · Commerce and Trade
15 U.S.C. § 689k

Examinations

Ch. 14B — SMALL BUSINESS INVESTMENT PROGRAM
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 14B
Statutory Text

15 U.S.C. § 689k — Examinations

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM SUBCHAPTER III - INVESTMENT DIVISION PROGRAMS Part B - New Markets Venture Capital Program Sec. 689k - Examinations From the U.S. Government Publishing Office, www.gpo.gov

§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.

(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.)

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

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 689k is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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