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15 U.S.C. § 690l — Examinations

submitted 19 years ago by Pub. L. 85-699 to r/title-15-COMMERCE-AND-TRADE · 139 words · no verdicts yet

in plain englishAI-generated · not legal advice

Participating companies are subject to examinations directed by the Administration’s Investment Division. The Administrator may charge examination costs to a company, and collected money goes to the Administration’s salary-and-expense account.

(a) In general. Every participating Renewable Fuel Capital Investment company is subject to examinations directed by the Administration’s Investment Division under this section. (b) Private-sector help. A qualified and expert private-sector entity may help conduct an examination. (c) Costs. (1)(A) The Administrator may charge the examined company for examination costs, including examiner compensation. (B) A company charged those costs must pay them. (2) Collected money must be deposited in the Administration’s account for salaries and expenses.
the actual law source: uscode.house.gov ↗public domain
(a) In general

Each Renewable Fuel Capital Investment company that participates in the program established under this part shall be subject to examinations made at the direction of the Investment Division of the Administration in accordance with this section.

(b) Assistance of private sector entities

Examinations under this section may be conducted with the assistance of a private sector entity that has both the qualifications and the expertise necessary to conduct such examinations.

(c) Costs
(1) Assessment
(A) In general

The Administrator may assess the cost of examinations under this section, including compensation of the examiners, against the company examined.

(B) Payment

Any company against which the Administrator assesses costs under this paragraph shall pay such costs.

(2) Deposit of funds

Funds collected under this section shall be deposited in the account for salaries and expenses of the Administration.

Source credit: (Pub. L. 85–699, title III, § 393, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1782.)

history & why it existsrecord from the source credit
  • 2007Enacted · Pub. L. 85-699 · 121 Stat. 1782

A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-699 on 2007-12-19.

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