### Question
What is the definition of qualified nonprivate funds?


### Answer
The definition of **qualified nonprivate funds** is as follows in *7 U.S.C. § 2009cc*:

> any—


(A) funds directly or indirectly invested in any applicant or rural business investment company on or before 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”

#### Citation:
  - *7 U.S.C. § 2009cc*
  - Heading: **CHAPTER 50-AGRICULTURAL CREDIT > SUBCHAPTER VIII-RURAL BUSINESS INVESTMENT PROGRAM**

