Title 15 — Commerce and TradeRelease 119-73
§689b Establishment
Title 15 › Chapter CHAPTER 14B— - SMALL BUSINESS INVESTMENT PROGRAM › Subchapter SUBCHAPTER III— - INVESTMENT DIVISION PROGRAMS › Part Part B— - New Markets Venture Capital Program › § 689b
Summary
Administrator must create a New Markets Venture Capital Program that may sign agreements with firms approved under section 689c(e) to carry out section 689a goals, guarantee NMVC debentures under section 689d, and award grants under section 689g.
Full Legal Text
Title 15, §689b
Commerce and Trade — Source: USLM XML via OLRC
In accordance with this part, the Administrator shall establish a New Markets Venture Capital Program, under which the Administrator may—
(1)enter into participation agreements with companies granted final approval under section 689c(e) of this title for the purposes set forth in section 689a of this title;
(2)guarantee the debentures issued by New Markets Venture Capital companies as provided in section 689d of this title; and
(3)make grants to New Markets Venture Capital companies, and to other entities, under section 689g of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 689b
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73