13 C.F.R. § 108.585 Voluntary decrease in NMVC Company's Regulatory Capital.
Title 13 - Business Credit and Assistance
You must obtain SBA's prior written approval to reduce your Regulatory Capital by more than two percent in any fiscal year. At all times, you must retain sufficient Regulatory Capital to meet the minimum capital requirements in the Act and §108.210, and sufficient Leverageable Capital to avoid having excess Leverage in violation of section 355(d) of the Act.
Title 13: Business Credit and Assistance
PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
Subpart G—Managing the Operations of a NMVC Company
Voluntary Decrease in Regulatory Capital
§ 108.585 Voluntary decrease in NMVC Company's Regulatory Capital.
