Title 15 — Commerce and TradeRelease 119-73not60
§689k Examinations
Title 15 › Chapter 14B— SMALL BUSINESS INVESTMENT PROGRAM › Subchapter III— INVESTMENT DIVISION PROGRAMS › Part B— New Markets Venture Capital Program › § 689k
Summary
New Markets Venture Capital companies in the program must be examined when the SBA's Investment Division orders one, and the SBA can use qualified private firms to help run those exams. The SBA can charge the company for the exam costs, including pay for the examiners, and the company must pay; the money 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 3, 2026
Release point: 119-73not60