15 USC 6905 - Allocation of assistance; subgrants

U.S Code last checked for updates: Nov 22, 2024

§ 6905.

Allocation of assistance; subgrants

(a)

Allocation of assistance

(1)

In general

The Administrator shall allocate assistance from the Administration under this chapter to ensure that—

(A)

activities described in section 6903(1) of this title are funded using not less than 75 percent of amounts made available for such assistance; and

(B)

activities described in section 6903(2) of this title are funded using not less than 15 percent of amounts made available for such assistance.

(2)

Limit on individual assistance

(b)

Targeted assistance

(c)

Subgrants authorized

(1)

In general

(2)

Limit on administrative expenses

(d)

Diversity

(e)

Prohibition on preferential consideration of certain SBA program participants

(Pub. L. 103–325, title I, § 176, as added Pub. L. 106–102, title VII, § 725, Nov. 12, 1999, 113 Stat. 1473.)

cite as: 15 USC 6905