13 CFR 106.500 – What is SBA’s Gift authority?
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This section covers SBA’s Gift acceptance authority under sections 4(g), 8(b)(1)(G), 5(b)(9) and 7(k)(2) of the Small Business Act.
Terms Used In 13 CFR 106.500
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.