Page:United States Statutes at Large Volume 114 Part 5.djvu/700

 114 STAT. 2763A-660 PUBLIC LAW 106-554—APPENDIX H "(ii) the issuance of trust certificates to facilitate the creation of such trusts or pools. "(B) FIDELITY BOND OR INSURANCE REQUIREMENT.— Any agent performing functions on behalf of the Administrator under this paragraph shall provide a fidelity bond or insurance in such amounts as the Administrator determines to be necessary to fully protect the interests of the United States. "(3) REGULATION OF BROKERS AND DEALERS.— The Administrator may regulate brokers and dealers in trust certificates issued under this section. "(4) ELECTRONIC REGISTRATION. —Nothing in this subsection may be construed to prohibit the use of a book-entry or other electronic form of registration for trust certificates issued under this section. "SEC. 357. FEES. "Except as provided in section 356(d), the Administrator may charge such fees as it deems appropriate with respect to any guarantee or grant issued under this part. "SEC. 358. OPERATIONAL ASSISTANCE GRANTS. "(a) IN GENERAL. — "(1) AUTHORITY.—In accordance with this section, the Administrator may make grants to New Markets Venture Capital companies and to other entities, as authorized by this part, to provide operational assistance to smaller enterprises financed, or expected to be financed, by such companies or other entities. "(2) TERMS. — Grants made under this subsection shall be made over a multiyear period not to exceed 10 years, under such other terms as the Administrator may require. "(3) GRANTS TO SPECIALIZED SMALL BUSINESS INVESTMENT COMPANIES. — "(A) AUTHORITY.— In accordance with this section, the Administrator may make grants to specialized small business investment companies to provide operational assistance to smaller enterprises financed, or expected to be financed, by such companies after the effective date of the New Markets Venture Capital Program Act of 2000. "(B) USE OF FUNDS.— The proceeds of a grant made under this paragraph may be used by the company receiving such grant only to provide operational assistance in connection with an equity investment (made with capital raised after the effective date of the New Markets Venture Capital Program Act of 2000) in a business located in a low-income geographic area. "(C) SUBMISSION OF PLANS.—^A specialized small business investment company shall be eligible for a grant under this section only if the company submits to the Administrator, in such form and manner as the Administrator may require, a plan for use of the grant. " (4) GRANT AMOUNT.— "(A) NEW MARKETS VENTURE CAPITAL COMPANIES. —The amount of a grant made under this subsection to a New Markets Venture Capital company shall be equal to the resources (in cash or in kind) raised by the company under section 354(d)(2).

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