§689k. Examinations

As of today

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Notable points in this section's history

Latest Jul 12, 2026 NOW As originally enacted Dec 21, 2000

15 U.S.C. § 689k

(a)

In general— Each New Markets Venture Capital company that participates in the program established under this part shall be subject to examinations made at the direction of the Investment Division of the Small Business Administration in accordance with this section.

(b)

Assistance of private sector entities— Examinations under this section may be conducted with the assistance of a private sector entity that has both the qualifications and the expertise necessary to conduct such examinations.

(c)

Costs—

(1)

¹ Assessment—

(A)

In general— The Administrator may assess the cost of examinations under this section, including compensation of the examiners, against the company examined.

(B)

Payment— Any company against which the Administrator assesses costs under this paragraph shall pay such costs.

(d)

Deposit of funds— Funds collected under this section shall be deposited in the account for salaries and expenses of the Small Business Administration.

Footnotes

1 So in original. No par. (2) has been enacted.

Notes, amendments, and revision history

(Pub. L. 85–699, title III, § 362, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–662.)