[Federal Register Volume 89, Number 61 (Thursday, March 28, 2024)]
[Notices]
[Pages 21655-21656]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06605]


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SMALL BUSINESS ADMINISTRATION


SBIC Licensing and Examination Fees Inflation Adjustment

AGENCY: Small Business Administration.

ACTION: Notice of SBIC licensing and examination fee consumer price 
index increases.

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SUMMARY: The U.S. Small Business Administration (SBA) is providing 
notice of the Licensing Fee schedule and Inflation Adjustment of the 
Examination Fees charged in the Small Business Investment Company 
(SBIC) program, required under the SBIC program regulations.

DATES: The adjusted SBIC program Licensing Fees identified in this 
notice became effective August 17, 2023 and the adjusted Examination 
Fees are effective as of October 1, 2023.

FOR FURTHER INFORMATION CONTACT: Nathaniel Putnam, Office of Investment 
and Innovation, at 202-714-1632 or [email protected]. If you are 
deaf, hard of hearing, or have a speech disability, please dial 7-1-1 
to access telecommunications relay services.

SUPPLEMENTARY INFORMATION: The SBIC program regulations at 13 CFR 
107.300(c)(4), 107.692(b)(2), and 107.692(e) require SBA to annually 
adjust the Licensing and Examination Fees for SBICs using the Inflation 
Adjustment defined in 13 CFR 107.50. This document provides notice of 
that adjustment for Examination Fees payable by SBICs. The current 
Licensing Fees payable by SBIC Applicants became effective on August 
17, 2023 as part of the SBIC Investment Diversification and Growth 
Final Rule, and will not require further Inflation Adjustment prior to 
the release of the June 2024 Consumer Price Index for All Urban 
Consumers, as calculated by the U.S. Bureau of Labor Statistics.
    The table below identifies the current Licensing Fees payable by 
SBIC License Applicants and Examination Fees payable by SBICs:

[[Page 21656]]



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          SBIC fee type              Fund sequence        Fees amounts
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Licensing Fees (effective under                        (effective August
 Sec.   107.300).                                              17, 2023)
    Initial Licensing Fee Sec.    Fund I.............             $5,000
     107.300(a).
                                  Fund II............             10,000
                                  Fund III...........             15,000
                                  Fund IV+...........             20,000
    Final Licensing Fee Sec.      Fund I.............             10,000
     107.300(b).
                                  Fund II............             15,000
                                  Fund III...........             25,000
                                  Fund IV+...........             30,000
    Licensing Resubmission Penty                                  10,000
     Fee Sec.   107.300(c)(3)
     \1\.
Examination Fees (effective                                   (effective
 under Sec.   107.692).                                 October 1, 2023)
    Minimum Base Fee (Sec.        All Funds..........             10,700
     107.692(b)(2)).
    Maximum Base Fee for non-     All Funds..........             35,500
     Leveraged SBICs (Sec.
     107.692(b)(2)).
    Maximum Base Fee for          All Funds..........             52,100
     Leveraged SBICs (Sec.
     107.692(b)(2)).
    Delay Fee (Sec.               All Funds..........                800
     107.692(e)).
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\1\ Resubmission Penalty Fee. The Resubmission Penalty Fee means a
  $10,000 penalty fee assessed to an applicant that has previously
  withdrawn or is otherwise not approved for a license that must be paid
  in addition to the Initial and Final Licensing Fees at the time the
  applicant resubmits its application.

    Authority: 15 U.S.C. 681(e) and 687b(b); 13 CFR 107.300 and 
107.692.

Bailey DeVries,
Associate Administrator, U.S. Small Business Administration, Office of 
Investment and Innovation.
[FR Doc. 2024-06605 Filed 3-27-24; 8:45 am]
BILLING CODE 8026-09-P