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U.S. Code as of:
01/19/04
Section 642. Requirements for loans
No loan shall be made or equipment, facilities, or services
furnished by the Administration under this chapter to any business
enterprise unless the owners, partners, or officers of such
business enterprise (1) certify to the Administration the names of
any attorneys, agents, or other persons engaged by or on behalf of
such business enterprise for the purpose of expediting applications
made to the Administration for assistance of any sort, and the fees
paid or to be paid to any such persons; (2) execute an agreement
binding any such business enterprise for a period of two years
after any assistance is rendered by the Administration to such
business enterprise, to refrain from employing, tendering any
office or employment to, or retaining for professional services,
any person who, on the date such assistance or any part thereof was
rendered, or within one year prior thereto, shall have served as an
officer, attorney, agent, or employee of the Administration
occupying a position or engaging in activities which the
Administration shall have determined involve discretion with
respect to the granting of assistance under this chapter; and (3)
furnish the names of lending institutions to which such business
enterprise has applied for loans together with dates, amounts,
terms, and proof of refusal.
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