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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 D - Non-Fee Based SBA-Sponsored Activities |
§ 106.401 - What are the minimum requirements applicable to a Non-Fee Based SBA-Sponsored Activities?
Latest version.
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§ 106.401 What are the minimum requirements applicable to a Non-Fee Based SBA-Sponsored Activities?
While SBA may subject Non-Fee Based SBA-Sponsored Activities to additional requirements through internal policy and procedure, the following requirements apply to all Non-Fee Based SBA-Sponsored Activity:
(a) A Non-Fee Based Record must be prepared and approved by the Responsible Program Official in advance of the activity;
(b) Gifts of cash accepted for Non-Fee Based SBA-Sponsored Activities are subject to § 106.500, internal SBA policies and procedures as well as applicable U.S. Treasury rules and guidelines; and
(c) Written approval must be obtained as outlined in § 106.403.