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LegalText 7 U.S.C. § 2009cc6 Fees us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 2009cc6 7 U.S.C. § 2009cc6 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s2009cc6 data/legal/raw/us/code/title-07/usc07.xml 530b2f66084de3d9403c6da008f832359239b5ad71111b28852f70985c3ac57b 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 02c0db6d02507ec6675e0ee9937816e052e6b6ed45f0b5e8af9075a74871f403 2026-07-04 official
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7 U.S.C. § 2009cc6 - Fees

Text

(a) In general The 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 certificate Notwithstanding subsection (a), the Secretary shall not collect a fee for any guarantee of a trust certificate under section 2009cc5 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 2009cc5(e)(2) of this title.

(c) License (1) In general Except 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 amounts Fees 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 fees In 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.

(Pub. L. 87128, title III, § 384G, as added Pub. L. 107171, title VI, § 6029, May 13, 2002, 116 Stat. 395; amended Pub. L. 110234, title VI, § 6027(b), May 22, 2008, 122 Stat. 1182; Pub. L. 110246, § 4(a), title VI, § 6027(b), June 18, 2008, 122 Stat. 1664, 1943; Pub. L. 115334, title VI, § 6426(d), Dec. 20, 2018, 132 Stat. 4771.)

Notes

Editorial Notes

References in TextThe date of enactment of this paragraph, referred to in subsec. (c)(3), is the date of enactment of Pub. L. 110246, which was approved June 18, 2008.

Codification Pub. L. 110234 and Pub. L. 110246 made identical amendments to this section. The amendments by Pub. L. 110234 were repealed by section 4(a) of Pub. L. 110246.

Amendments2018—Subsecs. (a), (b). Pub. L. 115334, § 6426(d)(1), substituted “such fees as the Secretary considers appropriate, so long as those fees are proportionally equal for each rural business investment company,” for “a fee that does not exceed $500”. Subsec. (c)(2)(B). Pub. L. 115334, § 6426(d)(2)(A), substituted “as the Secretary considers appropriate” for “solely to cover the costs of licensing examinations”. Subsec. (c)(2)(C). Pub. L. 115334, § 6426(d)(2)(B), added subpar. (C) and struck out former subpar. (C) which read as follows: “shall not exceed $500 for any fee collected under this subsection.” 2008—Subsec. (a). Pub. L. 110246, § 6027(b)(1), substituted “a fee that does not exceed $500” for “such fees as the Secretary considers appropriate”. Subsec. (b). Pub. L. 110246, § 6027(b)(2), substituted “that does not exceed $500” for “approved by the Secretary”. Subsec. (c)(1). Pub. L. 110246, § 6027(b)(3)(A), substituted “Except as provided in paragraph (3), the” for “The”. Subsec. (c)(2)(C). Pub. L. 110246, § 6027(b)(3)(B), added subpar. (C). Subsec. (c)(3). Pub. L. 110246, § 6027(b)(3)(C), added par. (3).

Statutory Notes and Related Subsidiaries

Effective Date of 2008 AmendmentAmendment of this section and repeal of Pub. L. 110234 by Pub. L. 110246 effective May 22, 2008, the date of enactment of Pub. L. 110234, see section 4 of Pub. L. 110246, set out as an Effective Date note under section 8701 of this title.