TechNotes Removal Letter

Date: April 04, 2013

To: Small Business Investment Companies ("SBICs")

Subject: TechNote Cancellations

• Background. SBA issues TechNotes and policy letters periodically to provide guidance to SBICs on specific issues. SBA reviews its TechNotes and policy letters periodically to determine whether they remain current.
• Cancellations. As part of this periodic review, SBA determined that the following TechNotes can be cancelled:
  • TechNotes Related to Control of a Portfolio Concern. Since the regulations changed to allow SBICs to control a Portfolio Concern for up to 7 years per 13 CFR §107.865, SBA has determined that the following TechNotes can be cancelled:
    • TechNote 1: Technology Transfer and Seed Capital Investments, dated January 1998.
    • TechNote 3: Guidance for Completion of “Control Certification” by Licensees, dated May 1998.
  • TechNote 11 Clarification Letter, Dated May 14, 2009. This clarification to TechNote 11 - Guidelines for Issuance of Debenture Leverage Commitments to Participating Securities SBIC was implemented as a temporary measure to aid Participating Securities SBICs. SBA is cancelling this letter because Participating Securities SBICs are in the later stage of their investment cycle.
• 3. TechNote and Policy Review. SBA will continue to review its TechNotes and policy letters periodically.

If you have questions, please contact your analyst.

Respectfully,

Harry Haskins

Acting Associate Administrator for Investment Small Business Administration