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CFR › Title 13 › Chapter I › Part 107 › Subpart E › Section 107.520

13 CFR 107.520 - Management Expenses of a Licensee.

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§ 107.520 Management Expenses of a Licensee.
SBA must approve any increases in your Management Expenses if you have outstanding Leverage or Earmarked Assets.
(a) Definition of Management Expenses. Management Expenses include:
(1) Salaries;
(2) Office expenses;
(3) Travel;
(4) Business development;
(5) Office and equipment rental;
(6) Bookkeeping; and
(7) Expenses related to developing, investigating and monitoring investments.
(b) Management Expenses do not include services provided by specialized outside consultants, outside lawyers and independent public accountants, if they perform services not generally performed by a venture capital company.
(c) If your Management Expenses have not already been approved by SBA, you must submit such expenses for approval with your SBA Form 468 for your first fiscal year ending after January 31, 1996.

Title 13 published on 2013-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 15 - COMMERCE AND TRADE

§ 681 - Organization

§ 682 - Capital requirements

§ 683 - Borrowing operations

§ 684 - Equity capital for small-business concerns

§ 685 - Long-term loans to small-business concerns

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

§ 687 - Operation and regulation of companies

§ 687a - Revocation and suspension of licenses; cease and desist orders

§ 687b - Investigations and examinations; power to subpena and take oaths and affirmations; aid of courts; examiners; reports

§ 687c - Injunctions and other orders

§ 687d - Conflicts of interest

§ 687e - Removal or suspension of management officials

§ 687f - Unlawful acts and omissions by officers, directors, employees, or agents

§ 687g - Penalties and forfeitures

§ 687h - Jurisdiction and service of process

§ 687i, 687j - Repealed.

§ 687k - Guaranteed obligations not eligible for purchase by Federal Financing Bank

15 USC § -

§ 687m - Periodic issuance of guarantees and trust certificates

§ 688 - Repealed.

Statutes at Large

114 Stat. 2763

123 Stat. 115