Rule2024-05146
Small Business Development Centers; Correction
Primary source
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Published
March 12, 2024
Effective
March 12, 2024
Issuing agencies
Small Business Administration
Abstract
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).
Full Text
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<title>Federal Register, Volume 89 Issue 49 (Tuesday, March 12, 2024)</title>
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[Federal Register Volume 89, Number 49 (Tuesday, March 12, 2024)]
[Rules and Regulations]
[Pages 17716-17717]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-05146]
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SMALL BUSINESS ADMINISTRATION
13 CFR Part 130
RIN 3245-AE05
Small Business Development Centers; Correction
AGENCY: U.S. Small Business Administration.
ACTION: Final rule; correcting amendments.
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SUMMARY: 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).
DATES: This correction is effective March 12, 2024.
FOR FURTHER INFORMATION CONTACT: Rachel Karton, Program Manager for the
SBDC Program, at 202-205-6766 or <a href="/cdn-cgi/l/email-protection#0a786b69626f6624646f7d676b6427616b787e65644a79686b246d657c"><span class="__cf_email__" data-cfemail="790b181a111c1557171c0e1418175412180b0d1617390a1b18571e160f">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: 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 Sec. 130.380. Second, it corrects the definition of ``Overmatched
amount'' in Sec. 130.110 to match the guidelines provided in Sec.
130.450(g). Finally, it revises the last sentence in Sec.
130.450(g)(3).
List of Subjects in 13 CFR Part 130
Grant programs--business, Small businesses, Technical assistance.
Accordingly, the Small Business Administration amends 13 CFR part
130 by making the following correcting amendments:
[[Page 17717]]
PART 130--SMALL BUSINESS DEVELOPMENT CENTERS
0
1. The authority citation for part 130 continues to read as follows:
Authority: 15 U.S.C. 634(b)(6), 648, and 648 note.
0
2. Amend Sec. 130.110 by revising the definition of ``Overmatched
amount'' to read as follows:
Sec. 130.110 Definitions.
* * * * *
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.
* * * * *
0
3. Amend Sec. 130.380 by revising paragraph (a)(2) to read as follows:
Sec. 130.380 Client privacy.
(a) * * *
(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 Sec. 130.830;
or
* * * * *
0
4. Amend Sec. 130.450 by revising the last sentence in paragraph
(g)(3) to read as follows:
Sec. 130.450 Matching funds.
* * * * *
(g) * * *
(3) * * * Such offsetting funds may be applied to Federal or
matching accounts.
* * * * *
Mark Madrid,
Associate Administrator, Office of Entrepreneurial Development.
[FR Doc. 2024-05146 Filed 3-11-24; 8:45 am]
BILLING CODE 8026-09-P
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</html>Indexed from Federal Register on March 12, 2024.
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