Source: http://www.law.cornell.edu/cfr/text/13/107.140
Timestamp: 2014-11-27 09:39:33
Document Index: 740218775

Matched Legal Cases: ['art 107', '§ 107', '§ 107', 'art 107', '§ 681', '§ 682', '§ 683', '§ 684', '§ 685', '§ 686', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 687', '§ 688']

13 CFR 107.140 - SBA approval of initial Management Expenses. | LII / Legal Information Institute
CFR › Title 13 › Chapter I › Part 107 › Subpart C › Section 107.140 13 CFR 107.140 - SBA approval of initial Management Expenses.
There is 1 rule appearing in the Federal Register for 13 CFR 107. View below or at eCFR (GPOAccess)
§ 107.140
SBA approval of initial Management Expenses.
If you plan to obtain Leverage, you must have your Management Expenses approved by SBA at the time of licensing. (See § 107.520 for the definition of Management Expenses.)
Title 13 published on 2014-01-01The following are only the Rules published in the Federal Register after the published date of Title 13.For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.2014-10-21; vol. 79 # 203 - Tuesday, October 21, 201479 FR 62819 - Small Business Investment Companies—Investments in Passive Businesses
typeregulations.gov FR Doc.2014-24803 RIN3245-AG57 SMALL BUSINESS ADMINISTRATION Final rule. This rule is effective November 20, 2014. 13 CFR Part 107 SummaryIn this final rule, the U.S. Small Business Administration (SBA) is revising the regulations for the Small Business Investment Company (SBIC) program concerning investments in passive businesses. SBICs are generally prohibited from investing in passive businesses under the Small Business Investment Act of 1958, as amended, as well as under SBIC program regulations. This final rule modifies an exception that allows an SBIC to make an investment in a passive small business that passes through the investment proceeds to one or more subsidiaries, each of which must be a non-passive small business. This modification allows an SBIC to structure an investment utilizing two levels of passive small businesses as pass-through entities under specific circumstances. The purpose of the modification is to place SBICs on a more equal footing with their non-SBIC counterparts in the venture capital and private equity sectors, in which investments structured with two passive levels are not uncommon. This final rule also includes several technical corrections. Specifically, the final rule updates the regulations by replacing obsolete Standard Industrial Classification (SIC) codes with their equivalents under the North American Industrial Classification System (NAICS); corrects erroneous paragraph cross-references; and modernizes the options for meeting the record preservation requirements by removing the reference to “microfilm.”
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§ 681 - Organization§ 682 - Capital requirements§ 683 - Borrowing operations§ 684 - Equity capital for small-business concerns§ 685 - Long-term loans to small-business concerns§ 686 - Aggregate limitations on amount of assistance to any single enterprise§ 687 - Operation and regulation of companies§ 687a - Revocation and suspension of licenses; cease and desist orders§ 687b - Investigations and examinations; power to subpena and take oaths and affirmations; aid of courts; examiners; reports§ 687c - Injunctions and other orders§ 687d - Conflicts of interest§ 687e - Removal or suspension of management officials§ 687f - Unlawful acts and omissions by officers, directors, employees, or agents§ 687g - Penalties and forfeitures§ 687h - Jurisdiction and service of process§ 687i, 687j - Repealed.§ 687k - Guaranteed obligations not eligible for purchase by Federal Financing Bank15 U.S. Code § -§ 687m - Periodic issuance of guarantees and trust certificates§ 688 - Repealed.
Title 13 published on 2014-01-01The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 13 CFR 107 after this date.2014-10-21; vol. 79 # 203 - Tuesday, October 21, 201479 FR 62819 - Small Business Investment Companies—Investments in Passive Businesses