Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter XLII - Rural Business-Cooperative Service and Rural Utilities Service, Department of Agriculture |
Part 4290 - Rural Business Investment Company (“RBIC”) Program |
Subpart J - Financial Assistance for RBICs (Leverage) |
General Information About Obtaining Leverage |
§ 4290.1130 - Leverage fees payable by RBIC.
Latest version.
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§ 4290.1130 Leverage fees payable by RBIC.
(a) Leverage fee. You must pay the Secretary Agency a non-refundable leverage fee for each issuance of a Debenture. The fee is 3 percent of the face amount of the Debenture issued, and will be deducted from the proceeds remitted to you.
(b) Additional charge. You must pay the Secretary Agency an additional annual charge of 1 percent of the outstanding amount of your Debenture.
(c) Other Leverage fees. The Secretary Agency may establish a fee structure for services performed by the Central Registration Agent (CRA). The Secretary Agency will not collect any fee for its guarantee of TCs.