15 USC 689d - Debentures

U.S Code last checked for updates: Nov 22, 2024

§ 689d.

Debentures

(a)

In general

(b)

Terms and conditions

(c)

Full faith and credit of the United States

(d)

Maximum guarantee

(1)

In general

(2)

Treatment of certain Federal funds

(e)

Investment limitations

(1)

Definition

In this subsection, the term “covered New Markets Venture Capital company” means a New Markets Venture Capital company—

(A)

granted final approval by the Administrator under section 689c(e) of this title on or after March 1, 2002; and

(B)

that has obtained a financing from the Administrator.

(2)

Limitation

Except to the extent approved by the Administrator, a covered New Markets Venture Capital company may not acquire or issue commitments for securities under this subchapter for any single enterprise in an aggregate amount equal to more than 10 percent of the sum of—

(A)

the regulatory capital of the covered New Markets Venture Capital company; and

(B)

the total amount of leverage projected in the participation agreement of the covered New Markets Venture Capital.

(Pub. L. 85–699, title III, § 355, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–658; amended Pub. L. 111–240, title I, § 1115, Sept. 27, 2010, 124 Stat. 2508.)

cite as: 15 USC 689d