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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 13 - Business Credit and Assistance |
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Chapter I - Small Business Administration |
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Part 106 - Cosponsorships, Fee and Non-Fee Based SBA-Sponsored Activities and Gifts |
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Subpart C - Fee Based SBA-Sponsored Activities |
§ 106.301 - What are the minimum requirements applicable to Fee Based SBA-Sponsored Activities?
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§ 106.301 What are the minimum requirements applicable to Fee Based SBA-Sponsored Activities?
While SBA may subject a Fee Based SBA-Sponsored Activity to additional requirements through internal policy and procedure, the following requirements apply to all Fee Based SBA-Sponsored Activities:
(a) A Fee Based Record must be prepared by the Responsible Program Official in advance of the activity;
(b) Any Participant Fees charged will not exceed the minimal amount needed to cover the anticipated direct costs of the activity;
(c) Gifts of cash accepted and the collection of Participant Fees for Fee Based SBA-Sponsored Activities are subject to the applicable requirements in this part, internal SBA policies and procedures as well as applicable U.S. Treasury rules and guidelines; and
(d) Written approval must be obtained as outlined in § 106.303.