---
kind: "section"
citation: "13 C.F.R. § 108.2002"
title: "13"
number: "108.2002"
heading: "Eligibility of SSBICs to apply for Operational Assistance grants."
url: "https://uscodex.org/cfr/13/108.2002"
---

# §108.2002. Eligibility of SSBICs to apply for Operational Assistance grants.


An SSBIC is eligible to apply for an Operational Assistance grant if:

- (a) It intends to increase its Regulatory Capital, as in effect on December 21, 2000, and to make Low-Income Investments in the amount of such increase;
- (b) It intends to raise binding commitments for contributions in cash or in-kind, and/or to purchase an annuity, in an amount not less than 30 percent of the intended increase in its Regulatory Capital described in [paragraph (a)](#a) of this section; and
- (c) It has a plan describing how it intends to use the requested grant funds to provide Operational Assistance to Smaller Enterprises in which it has made or expects to make Low-Income Investments after December 21, 2000.

## Notes

### Amendments

[67 FR 68503, Nov. 12, 2002]

### Authority

Authority: 15 U.S.C. 689-689q.

### Source

Source: 66 FR 28609, May 23, 2001, unless otherwise noted.

### Amendments

[67 FR 68503, Nov. 12, 2002]