§ 106.401. What are the minimum requirements applicable to a Non-Fee Based SBA-Sponsored Activities?
87 words·~1 min read·
/us/cfr/t13/s§ 106.401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.