Requirements to obtain information from Portfolio Concerns.

CFR · 2024-01-01 · US · Title 7

All the information required by this section is subject to the requirements of § 4290.600 and must be in English. (a) (b) (i) Evaluate the financial condition of the Portfolio Concern for the purpose of valuing your investment; (ii) Determine the continued eligibility of the Portfolio Concern; (iii) Verify the use of Financing proceeds; (iv) Evaluate the economic development impact of the Financing; and (v) In the case of any Portfolio Concern that is not a Rural Business Concern, the number and percentage of its employees residing in Rural Areas. (2) The president, chief executive officer, treasurer, chief financial officer, general partner, or proprietor of the Portfolio Concern must certify the information submitted to you. (3) For financial and valuation purposes, you may accept a complete copy of the Federal income tax return filed by the Portfolio Concern (or its proprietor) in lieu of financial statements, but only if appropriate for the size and type of the Enterprise involved. (4) The requirements in this paragraph (b) do not apply when you acquire securities from an underwriter in a public offering ( (c)

official document · source cfr-2024 · id 7:§ 4290.620