The U.S. Small Business Administration (SBA or the Agency) is correcting a final rule published in the Federal Register on November 7, 2023. The rule updated the regulations for...
The U.S. Small Business Administration (SBA or the Agency) is correcting a final rule published in the
Federal Register
on November 7, 2023. The rule updated the regulations for the Small Business Development Centers Program (the SBDC Program or the Program).
In a final rule published on November 7, 2023 (88 FR 76625), SBA incorporated the Uniform Guidance at 2 CFR part 200 on receiving and using Federal awards; made various revisions to align the regulations with the text of the SBDC statute; and adopted the proposed rule with changes from the comments received in response to the publication of the NPRM. This correction to the final rule makes three clarifications. First, it clarifies the basis on which the Administrator may make an exception to the client privacy restriction of § 130.380. Second, it corrects the definition of “Overmatched amount” in § 130.110 to match the guidelines provided in § 130.450(g). Finally, it revises the last sentence in § 130.450(g)(3).
Overmatched amount.
Overmatched amounts are those which are derived from eligible matching sources; are reasonable, allowable, and allocable to the SBDC program; are over and above the minimum match required to the federal expenditures; and are included on the required SBDC financial reporting to SBA for the project period.
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3. Amend § 130.380 by revising paragraph (a)(2) to read as follows:
(2) The Administrator considers such a disclosure to be necessary for the purpose of conducting a financial audit of a small business development center, not including those required under § 130.830; or
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4. Amend § 130.450 by revising the last sentence in paragraph (g)(3) to read as follows:
Use this for formal legal and research references to the published document.
89 FR 17716
Web Citation
Suggested Web Citation
Use this when citing the archival web version of the document.
“Small Business Development Centers; Correction,” thefederalregister.org (March 12, 2024), https://thefederalregister.org/documents/2024-05146/small-business-development-centers-correction.