§ 106.301. What are the minimum requirements applicable to Fee Based SBA-Sponsored Activities?
117 words·~1 min read·
/us/cfr/t13/s§ 106.301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.