13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 120.490

Audits.

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Regulatory Text

13 C.F.R. § 120.490 — Audits.

§ 120.490 Audits. Every SBLC is subject to periodic audits by SBA's Office of Inspector General, Auditing Division, and the cost of such audits will be assessed against the SBLC, except for the first audit. Fees are structured based on the SBLC's assets as of the date of the latest audited financial statement submitted to SBA before the audit. The fee schedule is set forth in SBA's Standard Operating Procedures manual. [61 FR 3235, Jan. 31, 1996. Redesignated at 73 FR 75516, Dec. 11, 2008]

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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13 C.F.R. § 120.490
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The regulatory text of 13 C.F.R. § 120.490 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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