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New Developments in the New Markets Venture Capital Program May 21, 2002. The Small Business Administration has issued Proposed Rules
for the New Markets Venture Capital Program. Comments are due by June
19, 2002. The new rules would apply to the current conditionally-approved
New Markets Venture Capital Companies as well as to all future NMVCs selected.
The new rules cover non-cash contributions of regulatory capital, allowable
fees charged by the NMVC and its associates to the small businesses it
finances, use of grant funds for operational assistance, new evaluation
and application procedures for SSBICs, and other technical amendments
to current regulations. |