7-U.S.C.-2009CC-6
§2009Cc-6 – §2009Cc-6. Fees
Pathway
Title 7 > Chapter 50 > Subchapter VIII > Section 2009cc-6
Details
- Reference: Section 2009cc-6
- Legend: §2009Cc-6 – §2009Cc-6. Fees
- USCode Year: 2013
Provision Content
(a) In general
The Secretary may charge a fee that does not exceed $500 with respect to any guarantee or grant issued under this subchapter.
(b) Trust certificate
Notwithstanding subsection (a) of this section, 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 a fee that does not exceed $500 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) shall be deposited in the account for salaries and expenses of the Secretary;
(B) are authorized to be appropriated solely to cover the costs of licensing examinations; and
(C) shall not exceed $500 for any fee collected under this subsection.
(3) Prohibition on collection of certain fees
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.
(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.)
References in Text
The date of enactment of this paragraph, referred to in subsec. (c)(3), is the date of enactment of Pub. L. 110–246, which was approved June 18, 2008.
Codification
Pub. L. 110–234 and Pub. L. 110–246 made identical amendments to this section. The amendments by Pub. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246.
Amendments
2008—Subsec. (a). Pub. L. 110–246, §6027(b)(1), substituted a fee that does not exceed $500” for such fees as the Secretary considers appropriate”.
Subsec. (b). Pub. L. 110–246, §6027(b)(2), substituted that does not exceed $500” for approved by the Secretary”.
Subsec. (c)(1). Pub. L. 110–246, §6027(b)(3)(A), substituted Except as provided in paragraph (3), the” for The”.
Subsec. (c)(2)(C). Pub. L. 110–246, §6027(b)(3)(B), added subpar. (C).
Subsec. (c)(3). Pub. L. 110–246, §6027(b)(3)(C), added par. (3).
Effective Date of 2008 Amendment
Amendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.
U.S. Encyclopedia of Law Coverage
7-U.S.C.-2009CC-14 in the Legal Encyclopedia: Agriculture
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7-U.S.C.-2009CC-12 in the Legal Encyclopedia: Rural
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7-U.S.C.-2009DD-5 in the Legal Encyclopedia: Investment
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7-U.S.C.-2009CC-17 in the Legal Encyclopedia: Business
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7-U.S.C.-2009BB-8 in the Legal Encyclopedia: Agricultural Credit
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