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Code · CFR · Title 13 — Business Credit and Assistance · Part 124 — 8(a) Business Development/Small Disadvantaged Business Status Determinations · § 124.603

§ 124.603. What reports regarding the continued business operations of former Participants does SBA require?

120 words·~1 min read·/us/cfr/t13/s§ 124.603·

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If requested by the SBA, former Participants must provide such information as SBA may request concerning the former Participant's continued business operations, contracts, and financial condition for a period of three years following the date on which the concern leaves the 8(a) BD program (either through the expiration of the firm's program term, graduation, or termination). Failure to provide such information when requested will constitute a violation of the regulations set forth in this part, and may result in the nonexercise of options on or termination of contracts awarded through the 8(a) BD program, debarment, or other legal recourse. \[63 FR 35739, June 30, 1998, as amended at 88 FR 26209, Apr. 27, 2023; 89 FR 102490, Dec. 17, 2024\]
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