Notice2022-18167
SBIC Licensing and Examination Fees Inflation Adjustment
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 24, 2022
Effective
October 1, 2022
Issuing agencies
Small Business Administration
Abstract
The U.S. Small Business Administration (SBA) is providing notice of the increased licensing and examination fees charged to Small Business Investment Companies (SBICs) due to the annual inflation adjustment required under SBIC program regulations.
Full Text
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<title>Federal Register, Volume 87 Issue 163 (Wednesday, August 24, 2022)</title>
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[Federal Register Volume 87, Number 163 (Wednesday, August 24, 2022)]
[Notices]
[Pages 52101-52102]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-18167]
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SMALL BUSINESS ADMINISTRATION
SBIC Licensing and Examination Fees Inflation Adjustment
AGENCY: U.S. Small Business Administration.
ACTION: Notice of SBIC fee increases.
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SUMMARY: The U.S. Small Business Administration (SBA) is providing
notice of the increased licensing and examination fees charged to Small
Business Investment Companies (SBICs) due to the annual inflation
adjustment required under SBIC program regulations.
DATES: The changes to the SBIC program licensing and examination fees
identified in this notice take effect on October 1, 2022.
FOR FURTHER INFORMATION CONTACT: Louis Cupp, Office of Investment and
Innovation, at 202-619-0511 or <a href="/cdn-cgi/l/email-protection#6804071d011b460b1d1818281b0a09460f071e"><span class="__cf_email__" data-cfemail="93fffce6fae0bdf0e6e3e3d3e0f1f2bdf4fce5">[email protected]</span></a>. If you are deaf,
hard of hearing, or have a speech disability, please dial 7-1-1 to
access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Beginning October 1, 2021, the SBIC program
regulations at 13 CFR 107.300(b)(2) and 107.692(b)(2) require SBA to
annually adjust the licensing and examination fees for SBICs using the
Inflation Adjustment defined in 13 CFR 107.50. This document provides
notice of that adjustment. The table below identifies the amounts of
the adjusted licensing and examination fees payable by SBICs and SBIC
license applicants, which become effective on October 1, 2022.
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Fees amounts
SBIC fee type (effective
Oct. 1, 2022)
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Licensing Fees (Sec. 107.300)
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Initial Licensing Fee Sec. 107.300(a)................. $11,500
Final Licensing Fee Sec. 107.300(b)................... 40,200
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Examination Fees (Sec. 107.692(b))
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Minimum Base Fee........................................ 10,400
Maximum Base Fee for non-Leveraged SBICs................ 34,500
Maximum Base Fee for Leveraged SBICs.................... 50,600
[[Page 52102]]
Delay Fee............................................... 800
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Authority: 15 U.S.C. 681(e) and 687b(b); 13 CFR 107.300 and
107.692.
Bailey DeVries,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2022-18167 Filed 8-23-22; 8:45 am]
BILLING CODE 8026-09-P
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