Title 7, AgricultureRelease 119-110
§2009cc–11 Examinations
Title 7 › CHAPTER 50 — AGRICULTURAL CREDIT › SUBCHAPTER VIII — RURAL BUSINESS INVESTMENT PROGRAM › § 2009cc–11
Summary
The Secretary must inspect each rural business investment company that takes part in the program. The Secretary can hire qualified private firms to help do these inspections. The Secretary can charge the company for the inspection costs, and the company must pay. Money collected goes back into the account that paid the costs, can be used by the Secretary without extra approval, and stays available until spent.
Full Legal Text
Title 7, §2009cc–11
Agriculture, Source: USLM XML via OLRC
(a)In general
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)Assistance of private sector entities
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)Costs
(1)In general
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)Payment
Any rural business investment company against which the Secretary assesses costs under this paragraph shall pay the costs.
(d)Deposit of funds
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
Sep 22, 2026
Release point: 119-110