13 C.F.R. § 108.2002 Eligibility of SSBICs to apply for Operational Assistance grants.
Title 13 - Business Credit and Assistance
An SSBIC is eligible to apply for an Operational Assistance grant if: (a) It intends to increase its Regulatory Capital, as in effect on December 21, 2000, and to make Low-Income Investments in the amount of such increase; (b) It intends to raise binding commitments for contributions in cash or in-kind, and/or to purchase an annuity, in an amount not less than 30 percent of the intended increase in its Regulatory Capital described in paragraph (a) of this section; and (c) It has a plan describing how it intends to use the requested grant funds to provide Operational Assistance to Smaller Enterprises in which it has made or expects to make Low-Income Investments after December 21, 2000. [67 FR 68503, Nov. 12, 2002]
Title 13: Business Credit and Assistance
PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
Subpart N—Requirements and Procedures for Operational Assistance Grants to NMVC Companies and SSBICs
§ 108.2002 Eligibility of SSBICs to apply for Operational Assistance grants.
