(a) In generalEach rural business investment company that participates in the program established under this subchapter shall be subject to examinations made at the direction of the Secretary in accordance with this section.
(b) Assistance of private sector entitiesAn examination under this section may be conducted with the assistance of a private sector entity that has the qualifications and the expertise necessary to conduct such an examination.
(c) Costs(1) In generalThe Secretary may assess the cost of an examination under this section, including compensation of the examiners, against the rural business investment company examined.
(2) PaymentAny rural business investment company against which the Secretary assesses costs under this paragraph shall pay the costs.
(d) Deposit of fundsFunds collected under this section shall—(1) be deposited in the account that incurred the costs for carrying out this section;
(2) be made available to the Secretary to carry out this section, without further appropriation; and
(3) remain available until expended.
Structure US Code
CHAPTER 50— AGRICULTURAL CREDIT
SUBCHAPTER VIII— RURAL BUSINESS INVESTMENT PROGRAM
§ 2009cc–3. Selection of rural business investment companies
§ 2009cc–5. Issuance and guarantee of trust certificates
§ 2009cc–7. Operational assistance grants
§ 2009cc–8. Rural business investment companies
§ 2009cc–9. Financial institution investments
§ 2009cc–10. Reporting requirements
§ 2009cc–12. Injunctions and other orders
§ 2009cc–13. Additional penalties for noncompliance
§ 2009cc–14. Unlawful acts and omissions; breach of fiduciary duty
§ 2009cc–15. Removal or suspension of directors or officers
§ 2009cc–16. Repealed. , , , and , title VI, § 6027(e), , , 1944