Title 7 — AgricultureRelease 119-73
§2009cc–11 Examinations
Title 7 › Chapter CHAPTER 50— - AGRICULTURAL CREDIT › Subchapter SUBCHAPTER VIII— - RURAL BUSINESS INVESTMENT PROGRAM › § 2009cc–11
Summary
Rural business investment companies in the program must be examined when the Secretary directs it. The Secretary can hire qualified private firms to help with the exam. The Secretary may charge the company for the exam costs, and the company must pay. Money collected goes back to the account that paid the costs, is available to the Secretary to carry out these exams without further appropriation, and remains available until expended.
Full Legal Text
Title 7, §2009cc–11
Agriculture — Source: USLM XML via OLRC
(a)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.
(b)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.
(c)(1)The Secretary may assess the cost of an examination under this section, including compensation of the examiners, against the rural business investment company examined.
(2)Any rural business investment company against which the Secretary assesses costs under this paragraph shall pay the costs.
(d)Funds collected under this section shall—
(1)be deposited in the account that incurred the costs for carrying out this section;
(2)be made available to the Secretary to carry out this section, without further appropriation; and
(3)remain available until expended.
Reference
Citations & Metadata
Citation
7 U.S.C. § 2009cc–11
Title 7 — Agriculture
Last Updated
Apr 6, 2026
Release point: 119-73