§ 686. Aggregate limitations on amount of assistance to any single enterprise
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/usc/title-15/section-686A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Percentage limitation on private capital If any small business investment company has obtained financing from the Administrator and such financing remains outstanding, the aggregate amount of securities acquired and for which commitments may be issued by such company under the provisions of this subchapter for any single enterprise shall not, without the approval of the Administrator, exceed 10 percent of the sum of—
(1)the private capital of such company; and
(2)the total amount of leverage projected by the company in the company’s business plan that was approved by the Administrator at the time of the grant of the company’s license.
(b)Repealed. Pub. L. 92–595, § 2(f), Oct. 27, 1972, 86 Stat. 1316
(c)Application of provisions to commitments incurred prior to effective date of section With respect to obligations or securities acquired prior to the effective date of the Small Business Investment Act Amendments of 1967, and with respect to legally binding commitments issued prior to such date, the provisions of this section as in effect immediately prior to such effective date shall continue to apply.
(Pub. L. 85–699, title III, § 306, Aug. 21, 1958, 72 Stat. 694; Pub. L. 87–341, § 7(a), Oct. 3, 1961, 75 Stat. 753; Pub. L. 88–273, § 4, Feb. 28, 1964, 78 Stat. 146; Pub. L. 90–104, title II, § 207, Oct. 11, 1967, 81 Stat. 271; Pub. L. 92–595, § 2(f), Oct. 27, 1972, 86 Stat. 1316; Pub. L. 102–366, title IV, § 408(a), Sept. 4, 1992, 106 Stat. 1016; Pub. L. 111–5, div. A, title V, § 505(b), Feb. 17, 2009, 123 Stat. 156.)
Connections9 cite this · traces to 2
Cited by 9 sections
statutes-at-large
- Public Law 90–103
- Public Law 87–341
- Public Law 88–272
- Public Law 111–5Making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for the fiscal year ending September 30, 2009, and for other purposes
- Public Law 95–510To amend the Small Business Act by transferring thereto those provisions of the Domestic Volunteer Service Act of 1973 affecting the operation of volunteer programs to assist small business, to increase the maximum allowable compensation and travel expenses for experts and consultants, and for other
- Public Law 102–366To amend the Small Business Act and related Acts to provide loan assistance to small business concerns, to extend certain demonstration programs relating to small business participation in Federal procurement, to modify certain Small Business Administration programs, to assist small firms to adjust
statute-compilations
Traces to 2 documents
24 references not yet in our index
- Pub. L. 85–699, title III, § 306
- 72 Stat. 694
- Pub. L. 87–341, § 7(a)
- 75 Stat. 753
- Pub. L. 88–273, § 4
- 78 Stat. 146
- Pub. L. 90–104, title II, § 207
- 81 Stat. 271
- Pub. L. 92–595, § 2(f)
- 86 Stat. 1316
- Pub. L. 102–366, title IV, § 408(a)
- 106 Stat. 1016
- Pub. L. 111–5, div. A, title V, § 505(b)
- 123 Stat. 156
- Pub. L. 111–5
- Pub. L. 102–366
- Pub. L. 92–595, § 2(f)(1)
- Pub. L. 92–595, § 2(f)(2)
- Pub. L. 90–104
- Pub. L. 88–273
- Pub. L. 87–341
- section 211 of Pub. L. 90–104
- Pub. L. 87–341, § 7(b)
- section 418 of Pub. L. 102–366
Citation graph
cites case law
§ 686
Aggregate limitations on amount of assistance to any single enterprise
Stat.×6
U.S.C.×2
Stat. Comp.×1
Pub. L.Pub. L. 85–699, title III, § 306
Stat.72 Stat. 694
Pub. L.Pub. L. 87–341, § 7(a)
Stat.75 Stat. 753
Pub. L.Pub. L. 88–273, § 4
Cites 26 · showing 7Cited by 9 across 3 sources