108 
‘‘(1) AUTHORITY.—In accordance with this sec-
tion, the Administrator may make grants to Renew-
able Fuel Capital Investment companies and to 
other entities, as authorized by this part, to provide 
operational assistance to smaller enterprises fi-
nanced, or expected to be financed, by such compa-
nies or other entities. 
‘‘(2) TERMS.—Grants made under this sub-
section shall be made over a multiyear period not to 
exceed 10 years, under such other terms as the Ad-
ministrator may require. 
‘‘(3) GRANTS TO SPECIALIZED SMALL BUSINESS 
INVESTMENT COMPANIES.— 
‘‘(A) AUTHORITY.—In accordance with 
this section, the Administrator may make 
grants to specialized small business investment 
companies to provide operational assistance to 
smaller enterprises financed, or expected to be 
financed, by such companies after the effective 
date of the Small Energy Efficient Businesses 
Act. 
‘‘(B) USE OF FUNDS.—The proceeds of a 
grant made under this paragraph may be used 
by the company receiving such grant only to 
provide operational assistance in connection 
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109 
with an equity investment (made with capital 
raised after the effective date of the Small En-
ergy Efficient Businesses Act) in a business lo-
cated in a low-income geographic area. 
‘‘(C) SUBMISSION OF PLANS.—A special-
ized small business investment company shall 
be eligible for a grant under this section only if 
the company submits to the Administrator, in 
such form and manner as the Administrator 
may require, a plan for use of the grant. 
‘‘(4) GRANT AMOUNT.— 
‘‘(A) RENEWABLE FUEL CAPITAL INVEST-
MENT
COMPANIES.—The amount of a grant 
made under this subsection to a Renewable 
Fuel Capital Investment company shall be equal 
to the resources (in cash or in kind) raised by 
the company under section 354(d)(2). 
‘‘(B) OTHER ENTITIES.—The amount of a 
grant made under this subsection to any entity 
other than a Renewable Fuel Capital Invest-
ment company shall be equal to the resources 
(in cash or in kind) raised by the entity in ac-
cordance with the requirements applicable to 
Renewable Fuel Capital Investment companies 
set forth in section 384(d)(2). 
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110 
‘‘(5) PRO RATA REDUCTIONS.—If the amount 
made available to carry out this section is insuffi-
cient for the Administrator to provide grants in the 
amounts provided for in paragraph (4), the Adminis-
trator shall make pro rata reductions in the amounts 
otherwise payable to each company and entity under 
such paragraph. 
‘‘(b) SUPPLEMENTAL GRANTS.— 
‘‘(1) IN
GENERAL.—The Administrator may 
make supplemental grants to Renewable Fuel Cap-
ital Investment companies and to other entities, as 
authorized by this part under such terms as the Ad-
ministrator may require, to provide additional oper-
ational assistance to smaller enterprises financed, or 
expected to be financed, by the companies. 
‘‘(2) MATCHING REQUIREMENT.—The Adminis-
trator may require, as a condition of any supple-
mental grant made under this subsection, that the 
company or entity receiving the grant provide from 
resources (in a cash or in kind), other then those 
provided by the Administrator, a matching contribu-
tion equal to the amount of the supplemental grant. 
‘‘(c) LIMITATION.—None of the assistance made 
available under this section may be used for any overhead 
or general and administrative expense of a Renewable 
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111 
Fuel Capital Investment company or a specialized small 
business investment company. 
‘‘SEC. 390. BANK PARTICIPATION. 
‘‘(a) IN GENERAL.—Except as provided in subsection 
(b), any national bank, any member bank of the Federal 
Reserve System, and (to the extent permitted under appli-
cable State law) any insured bank that is not a member 
of such system, may invest in any Renewable Fuel Capital 
Investment company, or in any entity established to invest 
solely in Renewable Fuel Capital Investment companies. 
‘‘(b) LIMITATION.—No bank described in subsection 
(a) may make investments described in such subsection 
that are greater than 5 percent of the capital and surplus 
of the bank. 
‘‘SEC. 391. FEDERAL FINANCING BANK. 
‘‘Section 318 shall not apply to any debenture issued 
by a Renewable Fuel Capital Investment company under 
this part. 
‘‘SEC. 392. REPORTING REQUIREMENT. 
‘‘Each Renewable Fuel Capital Investment company 
that participates in the program established under this 
part shall provide to the Administrator such information 
as the Administrator may require, including— 
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‘‘(1) information related to the measurement 
criteria that the company proposed in its program 
application; and 
‘‘(2) in each case in which the company under 
this part makes an investment in, or a loan or a 
grant to, a business that is not primarily engaged in 
the research, development, manufacture, or bringing 
to market or renewable energy sources, a report on 
the nature, origin, and revenues of the business in 
which investments are made. 
‘‘SEC. 393. EXAMINATIONS. 
‘‘(a) IN GENERAL.—Each Renewable Fuel Capital 
Investment company that participates in the program es-
tablished under this part shall be subject to examinations 
made at the direction of the Investment Division of the 
Small Business Administration in accordance with this 
section. 
‘‘(b) ASSISTANCE OF PRIVATE SECTOR ENTITIES.— 
Examinations under this section may be conducted with 
the assistance of a private sector entity that has both the 
qualifications and the expertise necessary to conduct such 
examinations. 
‘‘(c) COSTS.— 
‘‘(1) ASSESSMENT.— 
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113 
‘‘(A) IN
GENERAL.—The Administrator 
may assess the cost of examinations under this 
section, including compensation of the exam-
iners, against the company examined. 
‘‘(B) PAYMENT.—Any company against 
which the Administrator assesses costs under 
this paragraph shall pay such costs. 
‘‘(2) DEPOSIT
OF
FUNDS.—Funds collected 
under this section shall be deposited in the account 
for salaries and expenses of the Small Business Ad-
ministration. 
‘‘SEC. 394. MISCELLANEOUS. 
‘‘To the extent such procedures are not inconsistent 
with the requirements of this part, the Administrator may 
take such action as set forth in sections 309, 311, 312, 
and 314 of this Act. 
‘‘SEC. 395. REMOVAL OR SUSPENSION OF DIRECTORS OR 
OFFICERS. 
‘‘Using the procedures for removing or suspending a 
director or an officer of a licensee set forth in section 313 
(to the extent such procedures are not inconsistent with 
the requirements of this part), the Administrator may re-
move or suspend any director or officer of any Renewable 
Fuel Capital Investment company. 
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