Title 15 — Commerce and TradeRelease 119-73

§689k Examinations

Title 15 › Chapter CHAPTER 14B— - SMALL BUSINESS INVESTMENT PROGRAM › Subchapter SUBCHAPTER III— - INVESTMENT DIVISION PROGRAMS › Part Part B— - New Markets Venture Capital Program › § 689k

Last updated Apr 6, 2026|Official source

Summary

The Investment Division of the Small Business Administration will order exams of every New Markets Venture Capital company that joins the program. The SBA can use a qualified private company to help carry out those exams. The SBA may charge the company for the exam costs, including pay for the examiners, and the company must pay those charges. Money collected this way goes into the SBA’s salaries and expenses account.

Full Legal Text

Title 15, §689k

Commerce and Trade — Source: USLM XML via OLRC

(a)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)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)(1)(A)The Administrator may assess the cost of examinations under this section, including compensation of the examiners, against the company examined.

(B)Any company against which the Administrator assesses costs under this paragraph shall pay such costs.

(d)Funds collected under this section shall be deposited in the account for salaries and expenses of the Small Business Administration.

Reference

Citations & Metadata

Citation

15 U.S.C. § 689k

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73