Source: https://www.law.cornell.edu/cfr/text/13/120.131
Timestamp: 2017-03-23 20:15:20
Document Index: 785722679

Matched Legal Cases: ['art 120', '§ 120', '§ 634', '§ 634', '§ 636', '§ 650', '§ 687', '§ 696', '§ 697']

13 CFR 120.131 - Leasing part of new construction or existing building to another business. | US Law | LII / Legal Information Institute
CFR › Title 13 › Chapter I › Part 120 › Subpart A › Section 120.131 13 CFR 120.131 - Leasing part of new construction or existing building to another business.
§ 120.131 Leasing part of new construction or existing building to another business.
(a) If the SBA financing (whether 7(a) or 504) is for the construction of a new building, a Borrower may permanently lease up to 20 percent of the Rentable Property to one or more tenants if the Borrower permanently occupies and uses no less than 60 percent of the Rentable Property, and plans to permanently occupy and use within three years some of the remaining space not immediately occupied and not permanently leased and plans to permanently occupy and use within ten years all of the remaining space not permanently leased. If the Borrower is an Eligible Passive Company which leases 100 percent of the new building's space to one or more Operating Companies, the Operating Company, or Operating Companies together, must follow the same rules set forth in this paragraph. (b) If the SBA financing (whether 7(a) or 504) is for the acquisition, renovation, or reconstruction of an existing building, the Borrower may permanently lease up to 49 percent of the Rentable Property if the Borrower permanently occupies and uses no less than 51 percent of the Rentable Property. If the Borrower is an Eligible Passive Company which leases 100 percent of the space of the existing building to one or more Operating Companies, the Operating Company, or Operating Companies together, must follow the same rules set forth in this paragraph.
[ 68 FR 51679, Aug. 28, 2003] This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 15 - COMMERCE AND TRADE§ 634 - General powers§ 634 note - General powers§ 636 - Additional powers§ 650 - Supervisory and enforcement authority for small business lending companies§ 687 - Operation and regulation of companies§ 696 - Loans for plant acquisition, construction, conversion and expansion§ 697 - Development company debentures