Title 15, Commerce and TradeRelease 119-110
§689k Examinations
Title 15 › CHAPTER 14B — SMALL BUSINESS INVESTMENT PROGRAM › SUBCHAPTER III — INVESTMENT DIVISION PROGRAMS › Part B — New Markets Venture Capital Program › § 689k
Summary
Each New Markets Venture Capital company in the program must be examined when the SBA's Investment Division orders it, and the SBA may use qualified private firms to help. The SBA can charge companies for the exam costs, the companies must pay those charges, and the money must go into the SBA salaries and expenses account.
Full Legal Text
Title 15, §689k
Commerce and Trade, Source: USLM XML via OLRC
(a)In general
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)Assistance of private sector entities
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)Costs
(1)Assessment
(A)In general
The Administrator may assess the cost of examinations under this section, including compensation of the examiners, against the company examined.
(B)Payment
Any company against which the Administrator assesses costs under this paragraph shall pay such costs.
(d)Deposit of funds
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
Sep 23, 2026
Release point: 119-110