Sec. 5. Oversight; fees from private partnerships and cosponsorships; negotiation
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Section 21(a)(3) of the Small Business Act ( 15 U.S.C. 648(a)(3) ) is amended— in the matter preceding subparagraph (A), by inserting , including financial oversight, after oversight ; by moving subparagraphs
(A)and
(B)2 ems to the right; in subparagraph (C)— by striking Whereas ; by inserting Program after Center ; and by striking National and inserting national ; and by adding at the end the following: A small business development center that participates in a private partnership or cosponsorship, in which the Administrator or designee of the Administrator also participates, may collect fees or other income in order to hold events related to the private partnership or cosponsorship. Nothing in clause
(i)shall be construed as the Administration endorsing a private partnership or cosponsorship described in clause (i). An association formed under subparagraph
(A)shall, at the request of a small business development center applicant or applicants, participate in the negotiation of the cooperative agreement described in this paragraph between the small business development center applicant or applicants and the Administration. .
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Sec. 5
Oversight; fees from private partnerships and cosponsorships; negotiation
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