§ 2009cc–11. Examinations
168 words·~1 min read·
/usc/title-7/section-2009cc-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each rural business investment company that participates in the program established under this subchapter shall be subject to examinations made at the direction of the Secretary in accordance with this section. An examination under this section may be conducted with the assistance of a private sector entity that has the qualifications and the expertise necessary to conduct such an examination. The Secretary may assess the cost of an examination under this section, including compensation of the examiners, against the rural business investment company examined.
Any rural business investment company against which the Secretary assesses costs under this paragraph shall pay the costs. Funds collected under this section shall— be deposited in the account that incurred the costs for carrying out this section; be made available to the Secretary to carry out this section, without further appropriation; and remain available until expended. ( Pub. L. 87–128, title III, § 384L , as added Pub. L. 107–171, title VI, § 6029 , May 13, 2002 , 116 Stat. 399 .)
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- Pub. L. 87-128
- Pub. L. 107-171
- 116 Stat. 399
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§ 2009cc–11
Examinations
Stat.×1
Pub. L.Pub. L. 87-128
Pub. L.Pub. L. 107-171
Stat.116 Stat. 399
Cites 3Cited by 1 across 1 source