; (ii) general partner carried interest allocations, fees and vesting schedules; (iii) adequate fund infrastructure and supporting back office services; and (iv) evidence of fund raising traction and capability. (c) Fees (1) In general The Administration shall prescribe fees to be paid by each applicant for a license to operate as a participating investment fund under the program. (2) Use of amounts Fees collected under this subsection— (A) shall be deposited in the account for salaries and expenses of the Administration; and (B) are authorized to be appropriated solely to cover the costs of licensing examinations. 399D. Provision of leverage to participating investment funds (a) In general Not later than 60 days after the date on which the Administrator approves and issues a license under section 399C to operate as a participating investment fund under the program, the Administrator may provide not more than $1 of leverage for every $1 of private capital raised by the participating investment fund. (b) Maximum leverage The maximum amount of outstanding leverage made available in any given fiscal year— (1) to any participating investment fund may not exceed $500,000,000