Pub. L. 103-403, tit. IV, subtit. A, sec. 402

SMALL BUSINESS DEVELOPMENT CENTER PROGRAM LEVEL.

EnactedYear: 1994Length: 338 wordsOfficial source
SEC. 402. SMALL BUSINESS DEVELOPMENT CENTER PROGRAM LEVEL. Section 21(a)(4) of the Small Business Act (15 U.S.C. 648(a)(4)) is amended to read as follows: “(4) Small business development center program level.— “(A) In general.—The Administration shall require as a condition of any grant (or amendment or modification thereof) made to an applicant under this section, that a matching amount (excluding any fees collected from recipients of such assistance) equal to the amount of such grant be provided from sources other than the Federal Government, to be comprised of not less than 50 percent cash and not more than 50 percent of indirect costs and in-kind contributions. “(B) Restriction.—The matching amount described in subparagraph (A) shall not include any indirect costs or in kind contributions derived from any Federal program. “(C) National program.— “(i) In General.—Except as provided in clause (ii), no State receiving funds under this section shall receive a grant that exceeds— “(I) for fiscal year 1995, the sum of such State’s pro rata share of a national program based upon the population of the State as compared to the total population in the United States, and $125,000; or “(II) in each succeeding fiscal year, the sum of such State’s pro rata share of a national program based upon the population of the State as compared to the total population in the United States, and $200,000. “(ii) Exception.—Grants provided to a small business development center by the Administration or another agency to carry out the provisions of subsection (c)(3)(G) 108 STAT. 4191shall not be included in the calculation of maximum funding of a small business development center. “(iii) Amount.—The amount of the national program shall be— “(I) $70,000,000 through September 30, 1996; “(II) $77,500,000 from October 1, 1996 through September 30,1997; and “(III) $85,000,000 beginning October 1,1997. The amount for which a small business development center is eligible under this paragraph shall be based upon the amount of the national program in effect as-of the date for commencement of performance of the small business development center’s grant.”.