13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 106.501

What minimum requirements are applicable to SBA's solicitation and/or acceptance of Gifts?

Title 13 C.F.R. ● ACTIVE Primary Source
Regulatory Text

13 C.F.R. § 106.501 — What minimum requirements are applicable to SBA's solicitation and/or acceptance of Gifts?

§ 106.501 What minimum requirements are applicable to SBA's solicitation and/or acceptance of Gifts? While SBA may subject the solicitation and/or acceptance of Gifts to additional requirements through internal policy and procedure, the following requirements must apply to all Gift solicitations and/or acceptances under the authority of the Small Business Act sections cited in § 106.500: (a) SBA is required to use the Gift (whether cash or in-kind) in a manner consistent with the original purpose of the Gift; (b) There must be written documentation of each Gift solicitation and/or acceptance signed by an authorized SBA official; (c) Any Gift solicited and/or accepted must undergo a determination, prior to solicitation of the Gift or prior to acceptance of the Gift if unsolicited, of whether a conflict of interest exists between the Donor and SBA; and (d) All cash Gifts donated to SBA under the authority cited in § 106.500 must be deposited in an SBA trust account at the U.S. Department of the Treasury.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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13 C.F.R. § 106.501
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The regulatory text of 13 C.F.R. § 106.501 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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