Title 15, Commerce and TradeRelease 119-110
§687m Periodic Issuance of Guarantees and Trust Certificates
Title 15 › CHAPTER 14B — SMALL BUSINESS INVESTMENT PROGRAM › SUBCHAPTER III — INVESTMENT DIVISION PROGRAMS › Part A — Small Business Investment Companies › § 687m
Summary
The Administration must issue guarantees and trust certificates at least every 12 months and can issue them more often if it thinks necessary, taking into account their amount and number.
Full Legal Text
Title 15, §687m
Commerce and Trade, Source: USLM XML via OLRC
The Administration shall issue guarantees under section 683 of this title and trust certificates under section 687l of this title at periodic intervals of not less than every 12 months and shall do so at such shorter intervals as its deems appropriate, taking into consideration the amount and number of such guarantees or trust certificates.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
A prior section 320 of Pub. L. 85–699 was renumbered section 318 and is classified to section 687k of this title.
Amendments
1999—Pub. L. 106–9 substituted “12 months” for “6 months”. 1997—Pub. L. 105–135 substituted “6 months” for “three months”. 1996—Pub. L. 104–208 made technical amendment to reference in original act which appears in text as reference to section 687l of this title.
Statutory Notes and Related Subsidiaries
Effective Date
of 1997 AmendmentAmendment by Pub. L. 105–135 effective Oct. 1, 1997, see section 3 of Pub. L. 105–135, set out as a note under section 631 of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 687m
Title 15, Commerce and Trade
Last Updated
Sep 23, 2026
Release point: 119-110