7 CFR § 4290.3015 - Evaluation and selection of Non-leveraged RBICs.

---
identifier: "/us/cfr/t7/s4290.3015"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 4290.3015 - Evaluation and selection of Non-leveraged RBICs."
title_number: 7
title_name: "Agriculture"
section_number: "4290.3015"
section_name: "Evaluation and selection of Non-leveraged RBICs."
chapter_name: "RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "4290"
part_name: "RURAL BUSINESS INVESTMENT COMPANY (“RBIC”) PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1989 and 2009cc"
regulatory_source: "69 FR 32204, June 8, 2004, unless otherwise noted."
cfr_part: "4290"
---


# 4290.3015 Evaluation and selection of Non-leveraged RBICs.

(a) *General.* Notwithstanding any other provision in this part, when selecting applications for non-leveraged status, the Agency may select one or more applications, or none, for further consideration based on the evaluation criteria of this part.

(b) *Eligibility and completeness.* In addition to the requirements specified in § 4290.350, an Applicant under this subpart must complete a written application that includes information not otherwise exempted by the Agency, in its sole discretion. The Agency may, on its own initiative, exempt material from a Non-leveraged RBIC application where the Agency determines it impedes an expedited process without a commensurate benefit to the program. To the extent that the Agency's exemption applies to the entire program, an announcement of the exemption will be published in the *Federal Register.* The Agency shall make a decision as to licensing an Applicant after the receipt of a complete application and will enter into a Participation Agreement with the RBIC if approved.

(c) *Effect of a RBIC license.* Paragraphs (d)(2) and (d)(3) of § 4290.390 do not apply to Non-leveraged RBICs.