15 U.S.C. § 691 — Repealed. Pub. L. 87–341, § 11(f), Oct. 3,

Page 1127 TITLE 15—COMMERCE AND TRADE § 692 § 690m. Miscellaneous To the extent such procedures are not incon- sistent with the requirements of this part, the Administrator may take such action as set forth in sections 687a, 687c, 687d, and 687f of this title and an officer, director, employee, agent, or other participant in the management or conduct of the affairs of a Renewable Fuel Capital In- vestment company shall be subject to the re- quirements of such sections. (Pub. L. 85–699, title III, § 394, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1783.) § 690n. Removal or suspension of directors or of- ficers Using the procedures for removing or sus- pending a director or an officer of a licensee set forth in section 687e of this title (to the extent such procedures are not inconsistent with the requirements of this part), the Administrator may remove or suspend any director or officer of any Renewable Fuel Capital Investment com- pany. (Pub. L. 85–699, title III, § 395, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1783.) § 690o. Regulations The Administrator may issue such regulations as the Administrator determines necessary to carry out the provisions of this part in accord- ance with its purposes. (Pub. L. 85–699, title III, § 396, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1783.) § 690p. Authorizations of appropriations (a) In general Subject to the availability of appropriations, the Administrator is authorized to make $15,000,000 in operational assistance grants under section 690h of this title for each of fiscal years 2008 and 2009. (b) Funds collected for examinations Funds deposited under section 690l(c)(2) of this title are authorized to be appropriated only for the costs of examinations under section 690l of this title and for the costs of other oversight ac- tivities with respect to the program established under this part. (Pub. L. 85–699, title III, § 397, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1783.) § 690q. Termination The program under this part shall terminate at the end of the second full fiscal year after the date that the Administrator establishes the pro- gram under this part. (Pub. L. 85–699, title III, § 398, as added Pub. L. 110–140, title XII, § 1207, Dec. 19, 2007, 121 Stat. 1783.) SUBCHAPTER IV—STATE CHARTERED IN- VESTMENT COMPANIES AND STATE DE- VELOPMENT COMPANIES § 691. Repealed. Pub. L. 87–341, § 11(f), Oct. 3, 1961, 75 Stat. 756 Section, Pub. L. 85–699, title IV, § 401, Aug. 21, 1958, 72 Stat. 696, related to conversion of any investment com- pany, or any State development company, into a small business investment company. SUBCHAPTER IV–A—GUARANTEES PART A—COMMERCIAL OR INDUSTRIAL LEASE AND QUALIFIED CONTRACT GUARANTEES § 692. Authority of Administration to guarantee payment of rentals by small business con- cerns under leases of commercial and indus- trial property (a) Nonavailability of guarantees from other sources; participation with qualified sureties The Administration may, whenever it deter- mines such action to be necessary or desirable, and upon such terms and conditions as it may prescribe, guarantee the payment of rentals under leases of commercial and industrial prop- erty entered into by small business concerns to enable such concerns to obtain such leases. Any such guarantee may be made or effected either directly or in cooperation with any qualified surety company or other qualified company through a participation agreement with such company. The foregoing powers shall be subject, however, to the following restrictions and limi- tations: (1) No guarantee shall be issued by the Ad- ministration (A) if a guarantee meeting the requirements of the applicant is otherwise available on reasonable terms, and (B) unless the Administration determines that there ex- ists a reasonable expectation that the small business concern in behalf of which the guar- antee is issued will perform the covenants and conditions of the lease. (2) The Administration shall, to the greatest extent practicable, exercise the powers con- ferred by this section in cooperation with qualified surety or other companies on a par- ticipation basis. (b) Uniform annual fee; processing fees The Administration shall fix a uniform annual fee for its share of any guarantee under this sec- tion which shall be payable in advance at such time as may be prescribed by the Administrator. The amount of any such fee shall be determined in accordance with sound actuarial practices and procedures, to the extent practicable, but in no case shall such amount exceed, on the Ad- ministration’s share of any guarantee made under this part, 21⁄2 per centum per annum of the minimum annual guaranteed rental payable under any guaranteed lease: Provided, That the Administration shall fix the lowest fee that ex- perience under the program established hereby has shown to be justified. The Administration may also fix such uniform fees for the proc- essing of applications for guarantees under this section as the Administrator determines are reasonable and necessary to pay the administra-