United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2002_register executive 2010-09-23 article Rules and Regulations D09002ee1c818aca2 D09002ee1c818adb9 United States Small Business Administration originator org United States Government Agency or Subagency The U.S. Small Business Administration ("SBA") makes several amendments to the regulations for the New Markets Venture Capital ("NMVC") program. The majority of the amendments make technical changes to the regulations, to correct typographical errors or to clarify language. SBA also makes five substantive amendments to the regulations, which SBA believes will result in more efficient and effective delivery of NMVC program benefits to the targeted geographic areas. Generally, the five changes will: Allow a New Markets Venture Capital company ("NMVC company") to include in its regulatory capital SBA-approved organizational and management expenses paid on behalf of the NMVC company before the company is finally approved; Allow SBA, in selecting recipients for NMVC program assistance, to compare grant applications from specialized small business investment companies ("SSBICs") with NMVC company applications from the same or proximate low-income geographic areas ("LI areas"); Create rules governing fees an NMVC company or its associates may charge for management services provided to small businesses in which the NMVC company invests; Revise the grant application process for SSBICs so as to make it more parallel with the application process for NMVC companies; and Add a requirement that NMVC companies must use at least 80 percent of their grant funds (both funds from SBA and grant matching resources) to provide operational assistance to smaller enterprises located in an LI area at the time the operational assistance commenced. 67 FR 68498 https://www.govinfo.gov/app/details/FR-2002-11-12/02-28204 02-28204 fr12no02-2 RIN 3245-AE91 8025-01-P https://www.govinfo.gov/app/details/FR-2002-11-12/02-28204 https://www.govinfo.gov/content/pkg/FR-2002-11-12/html/02-28204.htm https://www.govinfo.gov/content/pkg/FR-2002-11-12/pdf/02-28204.pdf Community Development Government Securities Grant Programs-Business Securities Small Businesses 8 p. 68498 68505 67 FR 68498 Title 13 Part 108 13 CFR Part 108 RIN 3245-AE91 New Markets Venture Capital Program; Federal Register Vol. 67, Issue RULE 02-28204 SMALL BUSINESS ADMINISTRATION 2002-12-12 8025-01-P 02-28204 Final rule.

The U.S. Small Business Administration ("SBA") makes several amendments to the regulations for the New Markets Venture Capital ("NMVC") program. The majority of the amendments make technical changes to the regulations, to correct typographical errors or to clarify language. SBA also makes five substantive amendments to the regulations, which SBA believes will result in more efficient and effective delivery of NMVC program benefits to the targeted geographic areas. Generally, the five changes will: Allow a New Markets Venture Capital company ("NMVC company") to include in its regulatory capital SBA-approved organizational and management expenses paid on behalf of the NMVC company before the company is finally approved; Allow SBA, in selecting recipients for NMVC program assistance, to compare grant applications from specialized small business investment companies ("SSBICs") with NMVC company applications from the same or proximate low-income geographic areas ("LI areas"); Create rules governing fees an NMVC company or its associates may charge for management services provided to small businesses in which the NMVC company invests; Revise the grant application process for SSBICs so as to make it more parallel with the application process for NMVC companies; and Add a requirement that NMVC companies must use at least 80 percent of their grant funds (both funds from SBA and grant matching resources) to provide operational assistance to smaller enterprises located in an LI area at the time the operational assistance commenced.

This rule is effective on December 12, 2002. Austin J. Belton, Director of New Markets Venture Capital, (202) 205-7027. Community Development Government Securities Grant Programs-Business Securities Small Businesses New Markets Venture Capital Program: Miscellaneous amendments, Vol. 67, no. 218 Office of the Federal Register, National Archives and Records Administration 2002-11-12 continuing daily deposited born digital 274 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2002-11-12 P0b002ee1809c071b 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr12no02 https://www.govinfo.gov/app/details/FR-2002-11-12 https://www.govinfo.gov/content/pkg/FR-2002-11-12/pdf/FR-2002-11-12.pdf https://www.govinfo.gov/content/pkg/FR-2002-11-12/xml/FR-2002-11-12.xml fdlp 68493 68752 DGPO 2010-09-23 2024-06-07 FR-2002-11-12 machine generated eng FR FR-2002-11-12 67 218