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Code · STATUTE-COMPILATIONS · Small Business Jobs Act of 2010 · Sec. 1402

Sec. 1402. GRANTS FOR SBDCS

286 words·~1 min read·/statute-compilations/comps-9466/sec-1402

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## SEC. 1402 GRANTS FOR SBDCS **[**[15 U.S.C. 648b](/us/usc/t15/s648b)**]** ###
(a)In General The Administrator may make grants to small business development centers under section 21 of the Small Business Act (15 U.S.C. 648) to provide targeted technical assistance to small business concerns seeking access to capital or credit, Federal procurement opportunities, energy efficiency audits to reduce energy bills, opportunities to export products or provide services to foreign customers, adopting, making innovations in, and using broadband technologies, or other assistance. ###
(b)Allocation ####
(1)In general Subject to paragraph (2), and notwithstanding the requirements of section 21(a)(4)(C)(iii) of the Small Business Act (15 U.S.C. 648(a)(4)(C)(iii)), the amount appropriated to carry out this section shall be allocated under the formula under section 21(a)(4)(C)(i) of that Act. ####
(2)Minimum funding The amount made available under this section to each State shall be not less than $325,000. ####
(3)Types of uses Of the total amount of the grants awarded by the Administrator under this section— #####
(A)not less than 80 percent shall be used for counseling of small business concerns; and #####
(B)not more than 20 percent may be used for classes or seminars. ###
(c)No Non-Federal Share Required Notwithstanding section 21(a)(4)(A) of the Small Business Act (15 U.S.C. 648(a)(4)(A)), the recipient of a grant made under this section shall not be required to provide non-Federal matching funds. ###
(d)Distribution Not later than 30 days after the date on which amounts are appropriated to carry out this section, the Administrator shall disburse the total amount appropriated. ###
(e)Authorization of Appropriations There is authorized to be appropriated to the Administrator $50,000,000 to carry out this section. ## Subtitle E Disaster Loan Improvement
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Sec. 1402
GRANTS FOR SBDCS
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