Qualified Nonprivate Funds Law and Legal Definition
Qualified nonprivate funds is defined as “any--
(A) funds directly or indirectly invested in any applicant or rural business investment company on or before the date of enactment of this subtitle [enacted May 13, 2002], by any Federal agency, other than the Department of Agriculture, under a provision of law explicitly mandating the inclusion of those funds in the definition of the term "private capital"; and
(B) funds invested in any applicant or rural business investment company by 1 or more entities of any State (including by a political subdivision, agency, or instrumentality of the State and including any guarantee extended by those entities) in an aggregate amount that does not exceed 33 percent of the private capital of the applicant or rural business investment company.” (7 USCS § 2009cc)
Legal Definition list
- Qualified Nonmetropolitan County
- Qualified Non-Native American Veteran
- Qualified Non-metropolitan County [Business Credit and Assistance]
- Qualified Natural Gas from Geopressured Brine [Internal Revenue]
- Qualified National Organization Representing Importer Interests
- Qualified Nonprivate Funds
- Qualified Nonprofit Agency for Other Severely Handicapped
- Qualified Nonprofit Agency for the Blind
- Qualified Nuisance
- Qualified Occupation Therapist
- Qualified Organization (National and Community Service)
Related Legal Terms
- Additional Funds Needed [AFN]
- Administrative Subdivision of Funds
- Administrative Takedown Funds [Transportation]
- Alternate Payee to Qualified Domestic Relations Order
- Border Activity Funds [Transportation]
- Brady Disqualified
- Breakpoint [Mutual Funds]
- Broadly Diversified International Equity Funds
- Collective Investment Funds (CIFs)
- Contractual Commitment to Advance Funds
