2016 US Code
Title 15 - Commerce and Trade
Chapter 14B - Small Business Investment Program
Subchapter III - Investment Division Programs
Part C - Renewable Fuel Capital Investment Pilot Program
Sec. 690d - Debentures
15 U.S.C. § 690d (2016) |
§690d. Debentures |
(a) In general
The Administrator may guarantee the timely payment of principal and interest, as scheduled, on debentures issued by any Renewable Fuel Capital Investment company. (b) Terms and conditionsThe Administrator may make guarantees under this section on such terms and conditions as it determines appropriate, except that— (1) the term of any debenture guaranteed under this section shall not exceed 15 years; and (2) a debenture guaranteed under this section— (A) shall carry no front-end or annual fees; (B) shall be issued at a discount; (C) shall require no interest payments during the 5-year period beginning on the date the debenture is issued; (D) shall be prepayable without penalty after the end of the 1-year period beginning on the date the debenture is issued; and (E) shall require semiannual interest payments after the period described in subparagraph (C). The full faith and credit of the United States is pledged to pay all amounts that may be required to be paid under any guarantee under this part. (d) Maximum guarantee (1) In generalUnder this section, the Administrator may guarantee the debentures issued by a Renewable Fuel Capital Investment company only to the extent that the total face amount of outstanding guaranteed debentures of such company does not exceed 150 percent of the private capital of the company, as determined by the Administrator. For the purposes of paragraph (1), private capital shall include capital that is considered to be Federal funds, if such capital is contributed by an investor other than a department or agency of the Federal Government. |
(Pub. L. 85–699, title III, §385, as added Pub. L. 110–140, title XII, §1207, Dec. 19, 2007, 121 Stat. 1778.) |
United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 15 - COMMERCE AND TRADE CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM SUBCHAPTER III - INVESTMENT DIVISION PROGRAMS Part C - Renewable Fuel Capital Investment Pilot Program Sec. 690d - Debentures |
section 690d |
2016 |
January 6, 2017 |
No |
standard |
121 Stat. 1778 |
Public Law 85-699, Public Law 110-140 |