RBIC's adoption of an approved valuation policy.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) Adopt without change the model valuation policy set forth in section III of the Valuation Guidelines for SBICs; or (2) Obtain the Agency's prior written approval of an alternative valuation policy. (c) (d) (2) On a case-by-case basis, the Agency may require you to perform valuations more frequently. (3) You must report material adverse changes in valuations at least quarterly, within 30 days following the close of the quarter. (e) (2) The independent public accountant's report on your audited annual financial statements (SBA Form 468 or other USDA-approved form(s)) must include a statement that your valuations were prepared in accordance with your approved valuation policy.

official document · source cfr-2024 · id 7:§ 4290.503