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Current as of January 01, 2024 | Updated by FindLaw Staff
(a)In general
Each rural business investment company that participates in the program established under this subchapter shall be subject to examinations made at the direction of the Secretary in accordance with this section.
(b)Assistance of private sector entities
An examination under this section may be conducted with the assistance of a private sector entity that has the qualifications and the expertise necessary to conduct such an examination.
(c)Costs
(1)In general
The Secretary may assess the cost of an examination under this section, including compensation of the examiners, against the rural business investment company examined.
(2)Payment
Any rural business investment company against which the Secretary assesses costs under this paragraph shall pay the costs.
(d)Deposit of funds
Funds collected under this section shall--
(1) be deposited in the account that incurred the costs for carrying out this section;
(2) be made available to the Secretary to carry out this section, without further appropriation; and
(3) remain available until expended.
Cite this article: FindLaw.com - 7 U.S.C. § 2009cc-11 - U.S. Code - Unannotated Title 7. Agriculture § 2009cc-11. Examinations - last updated January 01, 2024 | https://codes.findlaw.com/us/title-7-agriculture/7-usc-sect-2009cc-11/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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