89 FR 159 pgs. 66751-66752 - Small Business Investment Company Licensing and Examination Fees Inflation Adjustment
Type: NOTICEVolume: 89Number: 159Pages: 66751 - 66752
Pages: 66751, 66752FR document: [FR Doc. 2024-17862 Filed 8-15-24; 8:45 am]
Agency: Small Business Administration
Official PDF Version: PDF Version
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SMALL BUSINESS ADMINISTRATION
Small Business Investment Company Licensing and Examination Fees Inflation Adjustment
AGENCY:
U.S. Small Business Administration.
ACTION:
Notice of inflation adjustment of SBIC licensing and examination fees.
SUMMARY:
The U.S. Small Business Administration (SBA) is providing notice of the annual Inflation Adjustment to the Licensing and Examination Fees charged in the Small Business Investment Company (SBIC) program, required under the SBIC program regulations.
DATES:
The SBIC program Licensing and Examination Fees identified in this notice will become effective on October 1, 2024, and will not require further Inflation Adjustment prior to the release of the June 2025 Consumer Price Index for All Urban Consumers (CPI-U), as calculated by the U.S. Bureau of Labor Statistics (BLS).
FOR FURTHER INFORMATION CONTACT:
Gretchen L. Kittel, Office of Investment and Innovation, at 202-578-5502 or oii.frontoffice@sba.gov. 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 SBIC program Licensing and Examination Fees using the Inflation Adjustment defined in 13 CFR 107.50. 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 the current Examination Fees payable by SBICs became effective on October 1, 2023. This document provides notice of the annual Inflation Adjustment based on the release of the June 2024 BLS CPI-U.
The table below identifies the Licensing Fees payable by SBIC License Applicants and Examination Fees payable by SBICs, effective as of October 1, 2024.
| SBIC fee type | Fund sequence | Fees amounts (effective October 1, 2024) |
|---|---|---|
| Licensing Fees (effective under §?107.300): | ||
| Initial Licensing Fee §?107.300(a) | Fund I Fund II | $5,100 10,300 |
| Fund III | 15,400 | |
| Fund IV+ | 20,600 | |
| Final Licensing Fee §?107.300(b) | Fund I Fund II | 10,300 15,400 |
| Fund III | 25,700 | |
| Fund IV+ | 30,900 | |
| Licensing Resubmission Penty Fee §?107.300(c)(3)? 1 | 10,300 | |
| Examination Fees (effective under §?107.692): | ||
| Minimum Base Fee (§?107.692(b)(2)) | All Funds | 11,000 |
| Maximum Base Fee for non-Leveraged SBICs (§?107.692(b)(2)) | All Funds | 36,000 |
| Maximum Base Fee for Leveraged SBICs (§?107.692(b)(2)) | All Funds | 53,600 |
| Delay Fee (§?107.692(e)) | All Funds | 800 |
| 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. | ||
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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. 2024-17862 Filed 8-15-24; 8:45 am]
BILLING CODE 8026-09-P