7 U.S.C. § 2009cc–6 — Fees
submitted 24 years ago by Pub. L. 87-128 to r/title-7-AGRICULTURE · 232 words · no verdicts yet
The Secretary may charge certain fees for guarantees, grants, and licenses. The section sets limits and exceptions for those fees.
(a) In general The Secretary may charge such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural business investment company*, for any guarantee or grant issued under this subchapter.
(b) Trust certificate Despite subsection (a), the Secretary must not collect a fee for any guarantee of a trust certificate under section 2009cc–5 of this title , except that any agent of the Secretary may collect such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural* business investment company, for the functions described in section 2009cc–5(e)(2) of this title .
(c) License*
(1) In general Except as provided in paragraph (3), the Secretary may prescribe fees to be paid by each applicant for a license to operate as a rural business investment company under this subchapter.
(2) Use of amounts Fees collected under this subsection—
(A) must be deposited in the account for salaries and expenses of the Secretary;
(B) are authorized to be appropriated as the Secretary considers appropriate; and
(C) must be in such amounts as the Secretary considers appropriate.
(3) Prohibition on collection of certain fees For a license described in paragraph
(1) that was approved before July 1, 2007 , the Secretary must not collect any fees due on or after the date of enactment of this paragraph.
The Secretary may charge such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural business investment company*, with respect to any guarantee or grant issued under this subchapter.
Notwithstanding subsection (a), the Secretary shall not collect a fee for any guarantee of a trust certificate under section 2009cc–5 of this title, except that any agent of the Secretary may collect such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural* business investment company, for the functions described in section 2009cc–5(e)(2) of this title.
Except as provided in paragraph (3), the Secretary may prescribe fees to be paid by each applicant for a license to operate as a rural business investment company under this subchapter.
Fees collected under this subsection—
shall be deposited in the account for salaries and expenses of the Secretary;
are authorized to be appropriated as the Secretary considers appropriate; and
shall be in such amounts as the Secretary considers appropriate.
In the case of a license described in paragraph (1) that was approved before July 1, 2007, the Secretary shall not collect any fees due on or after the date of enactment of this paragraph.
Source credit: (Pub. L. 87–128, title III, § 384G, as added Pub. L. 107–171, title VI, § 6029, May 13, 2002, 116 Stat. 395; amended Pub. L. 110–234, title VI, § 6027(b), May 22, 2008, 122 Stat. 1182; Pub. L. 110–246, § 4(a), title VI, § 6027(b), June 18, 2008, 122 Stat. 1664, 1943; Pub. L. 115–334, title VI, § 6426(d), Dec. 20, 2018, 132 Stat. 4771.)
- 2002Enacted · Pub. L. 87-128 · 116 Stat. 395
- 2008Amended · Pub. L. 110-234 · 122 Stat. 1182
- 2008Amended · Pub. L. 110-246 · 122 Stat. 1664, 1943
- 2018Amended · Pub. L. 115-334 · 132 Stat. 4771
A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-128 on 2002-05-13.
all 0 arguments · sorted by: best
no arguments yet — make the first case