§ 108.2020. Amount of Operational Assistance grant.
149 words·~1 min read·
/us/cfr/t13/s§ 108.2020·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Amount of grant to NMVC Company. NMVC Companies are eligible for an Operational Assistance grant award equal to the amount of matching resources raised by the NMVC Company in accordance with §§ 108.380(a)(1)(i)(B) and 108.2030.
(b)Amount of grant to SSBIC. SSBICs are eligible for an Operational Assistance grant award equal to the amount of matching resources raised by the SSBIC in accordance with §§ 108.2007 and 108.2030.
(c)Pro rata reductions. In the event that the total amount of funds available to SBA for purposes of making Operational Assistance grant awards to NMVC Companies and SSBICs is not sufficient to award grants in the amounts described in paragraphs
(a)and
(b)of this section, SBA will make pro rata reductions in the amounts otherwise awarded to each such NMVC Company and SSBIC. \[66 FR 28609, May 23, 2001, as amended at 67 FR 68505, Nov. 12, 2002\]