PRIA, Government Policy, Made Personal

Summary

The Secretary can charge fees for guarantees or grants, but the fees must be the same for every rural business investment company. The Secretary cannot charge a fee for guaranteeing a trust certificate under section 2009cc–5, though the Secretary’s agent may collect equal fees for the tasks listed in section 2009cc–5(e)(2). The Secretary can set fees for people applying for a rural business investment company license. Those fees go into the Secretary’s salaries-and-expenses account and can be appropriated as the Secretary decides. No fees may be collected for licenses approved before July 1, 2007 on or after the date this paragraph became law.

Title 7, §2009cc–6

Agriculture, Source: USLM XML via OLRC

(a)The Secretary may charge such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural business investment company, with respect to any guarantee or grant issued under this subchapter.

(b)Notwithstanding subsection (a), the Secretary shall not collect a fee for any guarantee of a trust certificate under section 2009cc–5 of this title, except that any agent of the Secretary may collect such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural business investment company, for the functions described in section 2009cc–5(e)(2) of this title.

(c)(1)Except as provided in paragraph (3), the Secretary may prescribe fees to be paid by each applicant for a license to operate as a rural business investment company under this subchapter.

(2)Fees collected under this subsection—

(A)shall be deposited in the account for salaries and expenses of the Secretary;

(B)are authorized to be appropriated as the Secretary considers appropriate; and

(C)shall be in such amounts as the Secretary considers appropriate.

(3)In the case of a license described in paragraph (1) that was approved before July 1, 2007, the Secretary shall not collect any fees due on or after the date of enactment of this paragraph.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The date of enactment of this paragraph, referred to in subsec. (c)(3), is the date of enactment of Pub. L. 110–246, which was approved June 18, 2008. Codification Pub. L. 110–234 and Pub. L. 110–246 made identical

Amendments

to this section. The

Amendments

by Pub. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246.

Amendments

2018—Subsecs. (a), (b). Pub. L. 115–334, § 6426(d)(1), substituted “such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural business investment company,” for “a fee that does not exceed $500”. Subsec. (c)(2)(B). Pub. L. 115–334, § 6426(d)(2)(A), substituted “as the Secretary considers appropriate” for “solely to cover the costs of licensing examinations”. Subsec. (c)(2)(C). Pub. L. 115–334, § 6426(d)(2)(B), added subpar. (C) and struck out former subpar. (C) which read as follows: “shall not exceed $500 for any fee collected under this subsection.” 2008—Subsec. (a). Pub. L. 110–246, § 6027(b)(1), substituted “a fee that does not exceed $500” for “such fees as the Secretary considers appropriate”. Subsec. (b). Pub. L. 110–246, § 6027(b)(2), substituted “that does not exceed $500” for “approved by the Secretary”. Subsec. (c)(1). Pub. L. 110–246, § 6027(b)(3)(A), substituted “Except as provided in paragraph (3), the” for “The”. Subsec. (c)(2)(C). Pub. L. 110–246, § 6027(b)(3)(B), added subpar. (C). Subsec. (c)(3). Pub. L. 110–246, § 6027(b)(3)(C), added par. (3).

Statutory Notes and Related Subsidiaries

Effective Date

of 2008 AmendmentAmendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an

Effective Date

note under section 8701 of this title.

§2009cc–6 Fees

Summary

Title 7, §2009cc–6

Notes & Related Subsidiaries

Editorial Notes

References in Text

Amendments

Amendments

Amendments

Statutory Notes and Related Subsidiaries

Effective Date

Effective Date

Citations & Metadata