(a) In generalThe 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.
(b) Trust certificateNotwithstanding 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.
(c) License(1) In generalExcept 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 amountsFees collected under this subsection—(A) shall 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) shall be in such amounts as the Secretary considers appropriate.
(3) Prohibition on collection of certain feesIn 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.
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 Repealed.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