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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 13 - Business Credit and Assistance |
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Chapter I - Small Business Administration |
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Part 108 - New Markets Venture Capital (“NMVC”) Program |
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Subpart G - Managing the Operations of a NMVC Company |
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General Requirements |
§ 108.506 - Safeguarding the NMVC Company's assets/Internal controls.
Latest version.
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§ 108.506 Safeguarding the NMVC Company's assets/Internal controls.
You must adopt a plan to safeguard your assets and monitor the reliability of your financial data, personnel, Portfolio, funds and equipment. You must provide your bank and custodian with a certified copy of your resolution or other formal document describing your control procedures.