§690 — Title 15 Commerce and Trade | U.S. Code

Summary

Defines key words used for the renewable fuel investment program. It explains what certain terms mean so people know how the program works. Operational assistance is management, marketing, and other technical help to grow a small business. A participation agreement is the contract (with the Administrator under 690c(e)) that sets the company’s operating plan and investment rules and requires it to invest mainly in small firms working on renewable energy products or services. Renewable energy is power from sources that don’t run out, like solar, wind, ethanol, and biodiesel. A Renewable Fuel Capital Investment company is one that has final approval under 690c(e) and signed the participation agreement, or that has conditional approval under 690c(c). State includes the States, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, American Samoa, the Northern Mariana Islands, and other U.S. territories or possessions. Venture capital means equity investments as defined in 683(g)(4).

Title 15, §690

Commerce and Trade — Source: USLM XML via OLRC

In this part:

(1)The term “operational assistance” means management, marketing, and other technical assistance that assists a small business concern with business development.

(2)The term “participation agreement” means an agreement, between the Administrator and a company granted final approval under section 690c(e) of this title, that—

(A)details the operating plan and investment criteria of the company; and

(B)requires the company to make investments in smaller enterprises primarily engaged in researching, manufacturing, developing, producing, or bringing to market goods, products, or services that generate or support the production of renewable energy.

(3)The term “renewable energy” means energy derived from resources that are regenerative or that cannot be depleted, including solar, wind, ethanol, and biodiesel fuels.

(4)The term “Renewable Fuel Capital Investment company” means a company—

(A)that—

(i)has been granted final approval by the Administrator under section 690c(e) of this title; and

(ii)has entered into a participation agreement with the Administrator; or

(B)that has received conditional approval under section 690c(c) of this title.

(5)The term “State” means each of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and any other commonwealth, territory, or possession of the United States.

(6)The term “venture capital” means capital in the form of equity capital investments, as that term is defined in section 683(g)(4) of this title.

Statutory Notes and Related Subsidiaries

Effective Date

Part effective on the date that is 1 day after Dec. 19, 2007, see section 1601 of Pub. L. 110–140, set out as a note under section 1824 of Title 2, The Congress.

§690 Definitions

Summary

Title 15, §690

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Citations & Metadata