Notice2024-06605
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
March 28, 2024
Effective
August 17, 2023
Issuing agencies
Small Business Administration
Abstract
The U.S. Small Business Administration (SBA) is providing notice of the Licensing Fee schedule and Inflation Adjustment of the Examination Fees charged in the Small Business Investment Company (SBIC) program, required under the SBIC program regulations.
Full Text
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<title>Federal Register, Volume 89 Issue 61 (Thursday, March 28, 2024)</title>
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[Federal Register Volume 89, Number 61 (Thursday, March 28, 2024)]
[Notices]
[Pages 21655-21656]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-06605]
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SMALL BUSINESS ADMINISTRATION
SBIC Licensing and Examination Fees Inflation Adjustment
AGENCY: Small Business Administration.
ACTION: Notice of SBIC licensing and examination fee consumer price
index increases.
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SUMMARY: The U.S. Small Business Administration (SBA) is providing
notice of the Licensing Fee schedule and Inflation Adjustment of the
Examination Fees charged in the Small Business Investment Company
(SBIC) program, required under the SBIC program regulations.
DATES: The adjusted SBIC program Licensing Fees identified in this
notice became effective August 17, 2023 and the adjusted Examination
Fees are effective as of October 1, 2023.
FOR FURTHER INFORMATION CONTACT: Nathaniel Putnam, Office of Investment
and Innovation, at 202-714-1632 or <a href="/cdn-cgi/l/email-protection#c4abadadeaa2b6abaab0aba2a2ada7a184b7a6a5eaa3abb2"><span class="__cf_email__" data-cfemail="147b7d7d3a72667b7a607b72727d7771546776753a737b62">[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: The SBIC program regulations at 13 CFR
107.300(c)(4), 107.692(b)(2), and 107.692(e) 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 for Examination Fees payable by SBICs. The current
Licensing Fees payable by SBIC Applicants became effective on August
17, 2023 as part of the SBIC Investment Diversification and Growth
Final Rule, and will not require further Inflation Adjustment prior to
the release of the June 2024 Consumer Price Index for All Urban
Consumers, as calculated by the U.S. Bureau of Labor Statistics.
The table below identifies the current Licensing Fees payable by
SBIC License Applicants and Examination Fees payable by SBICs:
[[Page 21656]]
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SBIC fee type Fund sequence Fees amounts
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Licensing Fees (effective under (effective August
Sec. 107.300). 17, 2023)
Initial Licensing Fee Sec. Fund I............. $5,000
107.300(a).
Fund II............ 10,000
Fund III........... 15,000
Fund IV+........... 20,000
Final Licensing Fee Sec. Fund I............. 10,000
107.300(b).
Fund II............ 15,000
Fund III........... 25,000
Fund IV+........... 30,000
Licensing Resubmission Penty 10,000
Fee Sec. 107.300(c)(3)
\1\.
Examination Fees (effective (effective
under Sec. 107.692). October 1, 2023)
Minimum Base Fee (Sec. All Funds.......... 10,700
107.692(b)(2)).
Maximum Base Fee for non- All Funds.......... 35,500
Leveraged SBICs (Sec.
107.692(b)(2)).
Maximum Base Fee for All Funds.......... 52,100
Leveraged SBICs (Sec.
107.692(b)(2)).
Delay Fee (Sec. All Funds.......... 800
107.692(e)).
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\1\ Resubmission Penalty Fee. The Resubmission Penalty Fee means a
$10,000 penalty fee assessed to an applicant that has previously
withdrawn or is otherwise not approved for a license that must be paid
in addition to the Initial and Final Licensing Fees at the time the
applicant resubmits its application.
Authority: 15 U.S.C. 681(e) and 687b(b); 13 CFR 107.300 and
107.692.
Bailey DeVries,
Associate Administrator, U.S. Small Business Administration, Office of
Investment and Innovation.
[FR Doc. 2024-06605 Filed 3-27-24; 8:45 am]
BILLING CODE 8026-09-P
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