[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR106.501]

[Page 32]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 106_COSPONSORSHIPS, FEE AND NON-FEE BASED SBA-SPONSORED ACTIVITIES AND 
 
                             Subpart E_Gifts
 
Sec.  106.501  What minimum requirements are applicable to SBA's solicitation 

and/or acceptance of Gifts?

    While SBA may subject the solicitation and/or acceptance of Gifts to 
additional requirements through internal policy and procedure, the 
following requirements must apply to all Gift solicitations and/or 
acceptances under the authority of the Small Business Act sections cited 
in Sec.  106.500:
    (a) SBA is required to use the Gift (whether cash or in-kind) in a 
manner consistent with the original purpose of the Gift;
    (b) There must be written documentation of each Gift solicitation 
and/or acceptance signed by an authorized SBA official;
    (c) Any Gift solicited and/or accepted must undergo a determination, 
prior to solicitation of the Gift or prior to acceptance of the Gift if 
unsolicited, of whether a conflict of interest exists between the Donor 
and SBA; and
    (d) All cash Gifts donated to SBA under the authority cited in Sec.  
106.500 must be deposited in an SBA trust account at the U.S. Department 
of the Treasury.