GroundRules
13 CFR 108.585: Voluntary decrease in NMVC Company's Regulatory Capital.
Where this section sits in the code
- Title 13—Business Credit and Assistance
- CHAPTER I—SMALL BUSINESS ADMINISTRATION
- PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
- Subpart G—Managing the Operations of a NMVC Company
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.
Collected 2026-08-27T02:24:18Z. Source file · JSON