---
kind: "section"
citation: "7 C.F.R. § 4290.2000"
title: "7"
number: "4290.2000"
heading: "Operational Assistance Grants to RBICs."
url: "https://uscodex.org/cfr/7/4290.2000"
---

# §4290.2000. Operational Assistance Grants to RBICs.

- (a) **Regulations governing.** Regulations governing Operational Assistance grants to RBICs may be found in subparts [D](/cfr/7/subpartD.md) and [E](/cfr/7/subpartE.md) of this part 4290 and in this § 4290.2000.
- (b) **Restrictions on use.** A RBIC must use Operational Assistance grant funds only to provide Operational Assistance to Smaller Enterprises to which it either has made, or expects to make, a Financing.
- (c) **Amount of grant.** Each RBIC will receive an Operational Assistance grant award equal to the lesser of 10 percent of the Regulatory Capital raised by the RBIC at the time of licensing or $1,000,000.
- (d) **Term.** Operational Assistance grants made under this part will be made for a multiyear period (not to exceed 10 years) under such terms as the Agency may require.
- (e) **Reporting and recordkeeping requirements.** Policies governing reporting, record retention, and recordkeeping requirements applicable to RBICs may be found in [subpart H](/cfr/7/subpartH.md) of this part 4290.

## Notes

### Authority

Authority: 7 U.S.C. 1989 and 2009cc et seq.

### Source

Source: 69 FR 32204, June 8, 2004, unless otherwise noted.