OAKMOREL Forensic Intelligence // [email protected]
► 15 U.S.C. § 689d 15 u.s.c. · small business investment program · title 15
15 U.S.C. § 689d
Debentures
Title 15 USC
● ACTIVE
Ch. 14B
Jurisdiction Federal — United States
Chapter SMALL BUSINESS INVESTMENT PROGRAM
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-18B7D4
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM SUBCHAPTER III - INVESTMENT DIVISION PROGRAMS Part B - New Markets Venture Capital Program Sec. 689d - Debentures From the U.S. Government Publishing Office, www.gpo.gov

§689d. Debentures

(a) In general The Administrator may guarantee the timely payment of principal and interest, as scheduled, on debentures issued by any New Markets Venture Capital company. (b) Terms and conditions The Administrator may make guarantees under this section on such terms and conditions as it deems appropriate, except that the term of any debenture guaranteed under this section shall not exceed 15 years. (c) Full faith and credit of the United States The full faith and credit of the United States is pledged to pay all amounts that may be required to be paid under any guarantee under this part. (d) Maximum guarantee (1) In general Under this section, the Administrator may guarantee the debentures issued by a New Markets Venture Capital company only to be 1 extent that the total face amount of outstanding guaranteed debentures of such company does not exceed 150 percent of the private capital of the company, as determined by the Administrator. (2) Treatment of certain Federal funds For the purposes of paragraph (1), private capital shall include capital that is considered to be Federal funds, if such capital is contributed by an investor other than an agency or department of the Federal Government. (e) Investment limitations (1) Definition In this subsection, the term "covered New Markets Venture Capital company" means a New Markets Venture Capital company— (A) granted final approval by the Administrator under section 689c(e) of this title on or after March 1, 2002; and (B) that has obtained a financing from the Administrator. (2) Limitation Except to the extent approved by the Administrator, a covered New Markets Venture Capital company may not acquire or issue commitments for securities under this subchapter for any single enterprise in an aggregate amount equal to more than 10 percent of the sum of— (A) the regulatory capital of the covered New Markets Venture Capital company; and (B) the total amount of leverage projected in the participation agreement of the covered New Markets Venture Capital.

(Pub. L. 85–699, title III, §355, as added Pub. L. 106–554, §1(a)(8) [§1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–658; amended Pub. L. 111–240, title I, §1115, Sept. 27, 2010, 124 Stat. 2508.)

Editorial Notes

Amendments 2010—Subsec. (e). Pub. L. 111–240 added subsec. (e).

1 So in original. Probably should be "the".

Source: uscode.house.gov — public domain Official Source ↗
► ROOT-LD ENTITY DATA machine-readable · federation graph · v1.0
Federation ID
OM-USC15-SEC-18B7D4
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
oakmorel.com
Spec Version
Root-LD v1.0
Source
PRIMARY-SOURCE
Content Hash
5036a4f21778a48c...
Source Verified
✓ TRUE
Semantic Edges
PENDING — corpus passes queued
The statutory text of 15 U.S.C. § 689d is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
► NAVIGATE CORPUS title 15 · commerce and trade
← 15 U.S.C. § 689c 15 U.S.C. § 689e →
Chapter 14B — SMALL BUSINESS INVESTMENT PROGRAM
15 U.S.C. § 66115 U.S.C. § 66215 U.S.C. § 67115 U.S.C. § 67215 U.S.C. § 68115 U.S.C. § 68215 U.S.C. § 68315 U.S.C. § 68415 U.S.C. § 68515 U.S.C. § 68615 U.S.C. § 68715 U.S.C. § 687a15 U.S.C. § 687b15 U.S.C. § 687c15 U.S.C. § 687d15 U.S.C. § 687e15 U.S.C. § 687f15 U.S.C. § 687g15 U.S.C. § 687h15 U.S.C. § 687i15 U.S.C. § 687k15 U.S.C. § 687l15 U.S.C. § 687m15 U.S.C. § 688
15 U.S.C. — public domain ← All Legislation
OakMorel Law
15 U.S.C.
Citation
15 U.S.C. § 689d
Status
● ACTIVE
Chapter
14B — SMALL BUSINESS INVESTMENT PROGRAM
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-18B7D4
Root-LD Spec
v1.0
► Forensic Services
Procurement fraud, platform integrity, litigation support. First conversation free.
► CONTACT OAKMOREL →
↑↓ Scroll ENTER Select ESC Exit
Commerce and Trade — 15 U.S.C. § 689d