15 USC 686 - Aggregate limitations on amount of assistance to any single enterprise

U.S Code last checked for updates: Aug 11, 2026

§ 686.

Aggregate limitations on amount of assistance to any single enterprise

(a)

Percentage limitation on private capital

If any small business investment company has obtained financing from the Administrator and such financing remains outstanding, the aggregate amount of securities acquired and for which commitments may be issued by such company under the provisions of this subchapter for any single enterprise shall not, without the approval of the Administrator, exceed 10 percent of the sum of—

(1)

the private capital of such company; and

(2)

the total amount of leverage projected by the company in the company’s business plan that was approved by the Administrator at the time of the grant of the company’s license.

(b)

Repealed. Pub. L. 92–595, § 2(f), Oct. 27, 1972, 86 Stat. 1316

(c)

Application of provisions to commitments incurred prior to effective date of section

(Pub. L. 85–699, title III, § 306, Aug. 21, 1958, 72 Stat. 694; Pub. L. 87–341, § 7(a), Oct. 3, 1961, 75 Stat. 753; Pub. L. 88–273, § 4, Feb. 28, 1964, 78 Stat. 146; Pub. L. 90–104, title II, § 207

cite as: 15 USC 686