§ 689k. Examinations

176 words·~1 min read·/usc/title-15/section-689k

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(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)11 So in original. No par.

(2)has been enacted. 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.)

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U.S. Code

§ 689q
Authorization of appropriations

statute-compilations

Sec. 362
EXAMINATIONS

3 references not yet in our index

Pub. L. 85–699, title III, § 362
Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)]
114 Stat. 2763

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cites case law

§ 689k

Examinations

U.S.C.×2

Stat. Comp.×1

Pub. L.Pub. L. 85–699, title III, § 362

Pub. L.Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)]

Stat.114 Stat. 2763

Cites 3Cited by 3 across 2 sources