13 CFR §120.952
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
SBA shall appoint a Fiscal Agent to assess the financial markets, minimize the cost of sales, arrange for the production of the Offering Circular, Debenture Certificates, and other required documents, and monitor the performance of the Trustee and the underwriters.