2003 CFR Title 13, Volume 1

Title 13--Business Credit and Assistance CHAPTER I--SMALL BUSINESS ADMINISTRATION PART 108--NEW MARKETS VENTURE CAPITAL (``NMVC'') PROGRAM
	108.10	Description of the New Markets Venture Capital Program.
	108.20	Legal basis and applicability of this part 108.
	108.30	Amendments to Act and regulations.
	108.40	How to read this part 108.
	108.50	Definition of terms.
	108.100	Business form.
	108.110	Qualified management.
	108.120	Economic development primary mission.
	108.130	Identified Low Income Geographic Areas.
	108.140	SBA approval of initial Management Expenses.
	108.150	Management and ownership diversity requirement.
	108.160	Special rules for NMVC Companies formed as limited partnerships.
	108.200	Adequate capital for NMVC Companies.
	108.210	Minimum capital requirements for NMVC Companies.
	108.230	Private Capital for NMVC Companies.
	108.300	When and how to apply for designation as a NMVC Company.
	108.310	Contents of application.
	108.320	Contents of comprehensive business plan.
	108.330	Grant issuance fee.
	108.340	Evaluation and selection--general.
	108.350	Eligibility and completeness.
	108.360	Evaluation criteria.
	108.370	Conditional approval.
	108.380	Final approval as a NMVC Company.
	108.400	Changes in ownership of 10 percent or more of NMVC Company but no change of Control.
	108.410	Changes in Control of NMVC Company (through change in ownership or otherwise).
	108.420	Prohibition on exercise of ownership or Control rights in NMVC Company before SBA approval.
	108.430	Notification to SBA of transactions that may change ownership or Control.
	108.440	Standards governing prior SBA approval for a proposed transfer of Control.
	108.450	Notification to SBA of pledge of NMVC Company's shares.
	108.460	Restrictions on Common Control or ownership of two (or more) NMVC Companies.
	108.470	SBA approval of merger, consolidation, or reorganization of NMVC Company.
	108.500	Lawful operations under the Act.
	108.502	Representations to the public.
	108.503	NMVC Company's adoption of an approved valuation policy.
	108.504	Equipment and office requirements.
	108.506	Safeguarding the NMVC Company's assets/Internal controls.
	108.507	Violations based on false filings and nonperformance of agreements with SBA.
	108.509	Employment of SBA officials.
	108.510	SBA approval of NMVC Company's Investment Adviser/Manager.
	108.520	Management Expenses of a NMVC Company.
	108.530	Restrictions on investments of idle funds by NMVC Companies.
	108.550	Prior approval of secured third-party debt of NMVC companies.
	108.585	Voluntary decrease in NMVC Company's Regulatory Capital.
	108.600	General requirement for NMVC Company to maintain and preserve records.
	108.610	Required certifications for Loans and Investments.
	108.620	Requirements to obtain information from Portfolio Concerns.
	108.630	Requirement for NMVC companies to file financial statements and supplementary information with SBA (SBA Form 468).
	108.640	Requirement to file portfolio financing reports (SBA Form 1031).
	108.650	Requirement to report portfolio valuations to SBA.
	108.660	Other items required to be filed by NMVC Company with SBA.
	108.680	Reporting changes in NMVC Company not subject to prior SBA approval.
	108.690	Examinations.
	108.691	Responsibilities of NMVC Company during examination.
	108.692	Examination fees.
	108.700	Compliance with size standards in part 121 of this chapter as a condition of Assistance.
	108.710	Requirement to finance Low-Income Enterprises.
	108.720	Small Businesses that may be ineligible for financing.
	108.730	Financings which constitute conflicts of interest.
	108.740	Portfolio diversification (``overline'' limitation).
	108.760	How a change in size or activity of a Portfolio Concern affects the NMVC Company and the Portfolio Concern.
	108.800	Financings in the form of equity interests.
	108.820	Financings in the form of guarantees.
	108.825	Purchasing securities from an underwriter or other third party.
	108.885	Disposition of assets to NMVC Company's Associates.
	108.900	Fees for management services provided to a Small Business by a NMVC Company or its Associate.
	108.1100	Type of Leverage and application procedures.
	108.1120	General eligibility requirement for Leverage.
	108.1130	Leverage fees payable by NMVC Company.
	108.1140	NMVC Company's acceptance of SBA remedies under 108.1810.
	108.1150	Maximum amount of Leverage for a NMVC Company.
	108.1200	SBA's Leverage commitment to a NMVC Company--application procedure, amount, and term.
	108.1220	Requirement for NMVC Company to file financial statements at the time of request for a draw.
	108.1230	Draw-downs by NMVC Company under SBA's Leverage commitment.
	108.1240	Funding of NMVC Company's draw request through sale to third-party.
	108.1600	SBA authority to issue and guarantee Trust Certificates.
	108.1610	Effect of prepayment or early redemption of Leverage on a Trust Certificate.
	108.1620	Functions of agents, including Central Registration Agent, Selling Agent and Fiscal Agent.
	108.1630	SBA regulation of Brokers and Dealers and disclosure to purchasers of Leverage or Trust Certificates.
	108.1640	SBA access to records of the CRA, Brokers, Dealers and Pool or Trust assemblers.
	108.1700	Transfer by SBA of its interest in a NMVC Company's Leverage security.
	108.1710	SBA authority to collect or compromise its claims.
	108.1720	Characteristics of SBA's guarantee.
	108.1810	Events of default and SBA's remedies for NMVC Company's noncompliance with terms of Debentures.
	108.1830	NMVC Company's Capital Impairment definition and general requirements.
	108.1840	Computation of NMVC Company's Capital Impairment Percentage.
	108.1900	Termination of participation as a NMVC Company.
	108.1910	Non-waiver of SBA's rights or terms of Leverage security.
	108.1920	NMVC Company's application for exemption from a regulation in this part 108.
	108.1930	Effect of changes in this part 108 on transactions previously consummated.
	108.1940	Procedures for designation of additional Low-Income Geographic Areas
	108.2000	Operational Assistance Grants to NMVC Companies and SSBICs.
	108.2001	When and how SSBICs may apply for Operational Assistance grants.
	108.2002	Eligibility of SSBICs to apply for Operational Assistance grants.
	108.2003	Grant issuance fee for SSBICs.
	108.2004	Contents of application submitted by SSBICs.
	108.2005	Contents of plan submitted by SSBICs.
	108.2006	Evaluation and selection of SSBICs.
	108.2007	Grant award to SSBICs.
	108.2010	Restrictions on use of Operational Assistance grant funds.
	108.2020	Amount of Operational Assistance grant.
	108.2030	Matching requirements.
	108.2040	Reporting and recordkeeping requirements.