[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR107.585]

[Page 53]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 107_SMALL BUSINESS INVESTMENT COMPANIES--Table of Contents
 
             Subpart E_Managing the Operations of a Licensee
 
Sec.  107.585  Voluntary decrease in Licensee's Regulatory Capital.

    You must obtain SBA's prior written approval to reduce your 
Regulatory Capital by more than two percent in any fiscal year, unless 
otherwise permitted under Sec. Sec.  107.1560 and 107.1570. At all 
times, you must retain sufficient Regulatory Capital to meet the minimum 
capital requirements in the Act and Sec.  107.210, and sufficient 
Leverageable Capital to avoid having excess Leverage in violation of 
section 303 of the Act and Sec. Sec.  107.1150 through 107.1170.

           Requirement To Conduct Active Investment Operations