1999 CFR Title 13, Volume 1

Title 13--Business Credit and Assistance CHAPTER I--SMALL BUSINESS ADMINISTRATION PART 107--SMALL BUSINESS INVESTMENT COMPANIES
	107.20	Legal basis and applicability of this part 107.
	107.30	Amendments to Act and regulations.
	107.40	How to read this part 107.
	107.50	Definition of terms.
	107.100	Organizing a Section 301(c) Licensee.
	107.115	1940 Act and 1980 Act Companies.
	107.120	Special rules for a Section 301(d) Licensee owned by another Licensee.
	107.130	Requirement for qualified management.
	107.140	SBA approval of initial Management Expenses.
	107.150	Management and ownership diversity requirement.
	107.160	Special rules for Licensees formed as limited partnerships.
	107.200	Adequate capital for Licensees.
	107.210	Minimum capital requirements for Licensees.
	107.230	Permitted sources of Private Capital for Licensees.
	107.240	Limitations on including non-cash capital contributions in Private Capital.
	107.250	Exclusion of stock options issued by Licensee from Management Expenses.
	107.300	License application form and fee.
	107.400	Changes in ownership of 10 percent or more of Licensee but no change of Control.
	107.410	Changes in Control of Licensee (through change in ownership or otherwise).
	107.420	Prohibition on exercise of ownership or Control rights in Licensee before SBA approval.
	107.430	Notification to SBA of transactions that may change ownership or Control.
	107.440	Standards governing prior SBA approval for a proposed transfer of Control.
	107.450	Notification to SBA of pledge of Licensee's shares.
	107.460	Restrictions on Common Control or ownership of two (or more) Licensees.
	107.470	SBA approval of merger, consolidation, or reorganization of Licensee.
	107.475	Transfer of license.
	107.500	Lawful operations under the Act.
	107.501	Identification as a Licensee.
	107.502	Representations to the public.
	107.503	Licensee's adoption of an approved valuation policy.
	107.504	Computer capability requirements of Licensee.
	107.505	Facsimile requirement.
	107.506	Safeguarding Licensee's assets/Internal controls.
	107.507	Violations based on false filings and nonperformance of agreements with SBA.
	107.508	Accessible office.
	107.509	Employment of SBA officials.
	107.510	SBA approval of Licensee's Investment Adviser/Manager.
	107.520	Management Expenses of a Licensee.
	107.530	Restrictions on investments of idle funds by leveraged Licensees.
	107.550	Prior approval of secured third-party debt of leveraged Licensees.
	107.560	Subordination of SBA's creditor position.
	107.570	Restrictions on third-party debt of issuers of Participating Securities.
	107.585	Voluntary decrease in Licensee's Regulatory Capital.
	107.590	Licensee's requirement to maintain active operations.
	107.600	General requirement for Licensee to maintain and preserve records.
	107.610	Required certifications for Loans and Investments.
	107.620	Requirements to obtain information from Portfolio Concerns.
	107.630	Requirement for Licensees to file financial statements with SBA (Form 468).
	107.640	Requirement to file Portfolio Financing Reports (SBA Form 1031).
	107.650	Requirement to report portfolio valuations to SBA.
	107.660	Other items required to be filed by Licensee with SBA.
	107.670	Application for exemption from civil penalty for late filing of reports.
	107.680	Reporting changes in Licensee not subject to prior SBA approval.
	107.690	Examinations.
	107.691	Responsibilities of Licensee during examination.
	107.692	Examination fees.
	107.700	Compliance with size standards in Part 121 of this chapter as a condition of Assistance.
	107.710	Requirement to Finance Smaller Enterprises.
	107.720	Small Businesses that may be ineligible for Financing.
	107.730	Financings which constitute conflicts of interest.
	107.740	Portfolio diversification (``overline'' limitation).
	107.750	Conditions for financing a change of ownership of a Small Business.
	107.760	How a change in size or activity of a Portfolio Concern affects the Licensee and the Portfolio Concern.
	107.800	Financings in the form of Equity Securities.
	107.810	Financings in the form of Loans.
	107.815	Financings in the form of Debt Securities.
	107.820	Financings in the form of guarantees.
	107.825	Purchasing securities from an underwriter or other third party.
	107.830	Minimum duration/term of financing.
	107.835	Exceptions to minimum duration/term of Financing.
	107.840	Maximum term of Financing.
	107.845	Maximum rate of amortization on Loans and Debt Securities.
	107.850	Restrictions on redemption of Equity Securities.
	107.855	Interest rate ceiling and limitations on fees charged to Small Businesses (``Cost of Money'').
	107.860	Financing fees and expense reimbursements a Licensee may receive from a Small Business.
	107.865	Restrictions on Control of a Small Business by a Licensee.
	107.880	Assets acquired in liquidation of Portfolio securities.
	107.885	Disposition of assets to Licensee's Associates or to competitors of Portfolio Concern.
	107.900	Management fees for services provided to a Small Business by Licensee or its Associate.
	107.1000	Licensees without Leverage--exceptions to the regulations.
	107.1100	Types of Leverage and application forms.
	107.1120	General eligibility requirements for Leverage.
	107.1130	Leverage fees and additional charges payable by Licensee.
	107.1140	Licensee's acceptance of SBA remedies under 107.1800 through 107.1820.
	107.1150	Maximum amount of Leverage for a Section 301(c) Licensee.
	107.1160	Maximum amount of Leverage for a Section 301(d) Licensee.
	107.1170	Maximum amount of Participating Securities for any Licensee.
	107.1200	SBA's Leverage commitment to a Licensee--application procedure, amount, and term.
	107.1210	Payment of leverage fee upon receipt of commitment.
	107.1220	Requirement for Licensee to file quarterly financial statements.
	107.1230	Draw-downs by Licensee under SBA's Leverage commitment.
	107.1240	Funding of Licensee's draw request through sale to short-term investor.
	107.1400	Dividends or partnership distributions on 4 percent Preferred Securities.
	107.1410	Requirement to redeem 4 percent Preferred Securities.
	107.1420	Articles requirements for 4 percent Preferred Securities.
	107.1430	Redeeming 4 percent Preferred Securities with proceeds of non-subsidized Debentures.
	107.1440	Three percent preferred stock issued before November 21, 1989.
	107.1450	Optional redemption of Preferred Securities.
	107.1500	General description of Participating Securities.
	107.1505	Liquidity requirements for Licensees issuing Participating Securities.
	107.1510	How a Licensee computes Earmarked Profit (Loss).
	107.1520	How a Licensee computes and allocates Prioritized Payments to SBA.
	107.1530	How a Licensee computes SBA's Profit Participation.
	107.1540	Distributions by Licensee--Prioritized Payments and Adjustments.
	107.1550	Distributions by Licensee--permitted ``tax Distributions'' to private investors and SBA.
	107.1560	Distributions by Licensee--required Distributions to private investors and SBA.
	107.1570	Distributions by Licensee--optional Distribution to private investors and SBA.
	107.1575	Distributions on other than Payment Dates.
	107.1580	Special rules for In-Kind Distributions by Licensees.
	107.1585	Exchange of Debentures for Participating Securities.
	107.1590	Special rules for companies licensed on or before March 31, 1993.
	107.1600	SBA authority to issue and guarantee Trust Certificates.
	107.1610	Effect of prepayment or early redemption of Leverage on a Trust Certificate.
	107.1620	Functions of agents, including Central Registration Agent, Selling Agent and Fiscal Agent.
	107.1630	SBA regulation of Brokers and Dealers and disclosure to purchasers of Leverage or Trust Certificates.
	107.1640	SBA access to records of the CRA, Brokers, Dealers and Pool or Trust assemblers.
	107.1700	Transfer by SBA of its interest in Licensee's Leverage security.
	107.1710	SBA authority to collect or compromise its claims.
	107.1720	Characteristics of SBA's guarantee.
	107.1800	Licensee's agreement to terms and conditions in 107.1810 and 107.1820.
	107.1810	Events of default and SBA's remedies for Licensee's noncompliance with terms of Debentures.
	107.1820	Conditions affecting issuers of Preferred Securities and/or Participating Securities.
	107.1830	Licensee's Capital Impairment--definition and general requirements.
	107.1840	Computation of Licensee's Capital Impairment Percentage.
	107.1850	Exceptions to Capital Impairment provisions for Licensees with outstanding Participating Securities.
	107.1900	Surrender of license.
	107.1910	Non-waiver of SBA's rights or terms of Leverage security.
	107.1920	Licensee's application for exemption from a regulation in this part 107.
	107.1930	Effect of changes in this part 107 on transactions previously consummated.