---
kind: "section"
citation: "7 C.F.R. § 4290.520"
title: "7"
number: "4290.520"
heading: "Management Expenses of a RBIC."
url: "https://uscodex.org/cfr/7/4290.520"
---

# §4290.520. Management Expenses of a RBIC.


The Agency must approve your initial Management Expenses and any increases in your Management Expenses.

- (a) **Definition of Management Expenses.** Management Expenses include:
  - (1) Salaries;
  - (2) Office expenses;
  - (3) Travel;
  - (4) Business development, including finders' fees;
  - (5) Office and equipment rental;
  - (6) Bookkeeping; and
  - (7) **Expenses related to developing, investigating and monitoring investments.**
- (b) Management Expenses do not include services provided by specialized outside consultants, outside lawyers and independent public accountants, if they perform services not generally performed by a capital company.

## Notes

### Authority

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

### Source

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