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15 U.S.C. · Commerce and Trade
15 U.S.C. § 648b

Grants for SBDCs

Ch. 14A — AID TO SMALL BUSINESS
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 14A
Statutory Text

15 U.S.C. § 648b — Grants for SBDCs

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 14A - AID TO SMALL BUSINESS Sec. 648b - Grants for SBDCs From the U.S. Government Publishing Office, www.gpo.gov

§648b. Grants for SBDCs

(a) In general The Administrator may make grants to small business development centers under section 648 of this title to provide targeted technical assistance to small business concerns seeking access to capital or credit, Federal procurement opportunities, energy efficiency audits to reduce energy bills, opportunities to export products or provide services to foreign customers, adopting, making innovations in, and using broadband technologies, or other assistance. (b) Allocation (1) In general Subject to paragraph (2), and notwithstanding the requirements of section 648(a)(4)(C)(iii) of this title, the amount appropriated to carry out this section shall be allocated under the formula under section 648(a)(4)(C)(i) of this title. (2) Minimum funding The amount made available under this section to each State shall be not less than $325,000. (3) Types of uses Of the total amount of the grants awarded by the Administrator under this section— (A) not less than 80 percent shall be used for counseling of small business concerns; and (B) not more than 20 percent may be used for classes or seminars. (c) No non-Federal share required Notwithstanding section 648(a)(4)(A) of this title, the recipient of a grant made under this section shall not be required to provide non-Federal matching funds. (d) Distribution Not later than 30 days after the date on which amounts are appropriated to carry out this section, the Administrator shall disburse the total amount appropriated. (e) Authorization of appropriations There is authorized to be appropriated to the Administrator $50,000,000 to carry out this section.

(Pub. L. 111–240, title I, §1402, Sept. 27, 2010, 124 Stat. 2550.)

Editorial Notes

Codification Section was enacted as part of the Small Business Jobs Act of 2010, and not as part of the Small Business Act which comprises this chapter.

Statutory Notes and Related Subsidiaries

Definitions For definition of "Administrator" and "small business concern" as used in this section, see section 1001 of Pub. L. 111–240, set out as a note under section 632 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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15 U.S.C. § 648b
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The statutory text of 15 U.S.C. § 648b is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 15 U.S.C. § 648a 15 U.S.C. § 648c →
Ch. 14A — AID TO SMALL BUSINESS
15 U.S.C. § 63115 U.S.C. § 631a15 U.S.C. § 631b15 U.S.C. § 631c15 U.S.C. § 63215 U.S.C. § 63315 U.S.C. § 633a15 U.S.C. § 63415 U.S.C. § 634a15 U.S.C. § 634b15 U.S.C. § 634c15 U.S.C. § 634d15 U.S.C. § 634e15 U.S.C. § 634f15 U.S.C. § 634g15 U.S.C. § 63515 U.S.C. § 63615 U.S.C. § 636a15 U.S.C. § 636b15 U.S.C. § 636c15 U.S.C. § 636d15 U.S.C. § 636e15 U.S.C. § 636f15 U.S.C. § 636g15 U.S.C. § 636h15 U.S.C. § 636i15 U.S.C. § 636j15 U.S.C. § 636k15 U.S.C. § 636l15 U.S.C. § 636m
15 U.S.C. — public domain ← All Legislation
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