[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: 13CFR112.8]

[Page 147-148]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
                CHAPTER I--SMALL BUSINESS ADMINISTRATION
 
PART 112_NONDISCRIMINATION IN FEDERALLY ASSISTED PROGRAMS OF SBA_EFFECTUATION 
 
Sec.  112.8  Assurances required.

    An application for any of the financial assistance described in 
Sec.  112.2(a) shall, as a condition to its approval and the extension 
of such assistance, contain or be accompanied by an assurance that the 
recipient will comply with this part. Such an assurance shall

[[Page 148]]

contain provisions authorizing the acceleration of the maturity of the 
recipient's financial obligation to the SBA in the event of a failure to 
comply, and provisions which give the United States a right to seek 
judicial enforcement of the terms of the assurance. SBA shall specify 
the form of the foregoing assurance, and the extent to which like 
assurances will be required of contractors and subcontractors, 
transferees, successors in interest, and other participants.

[30 FR 298, Jan. 9, 1965, as amended at 68 FR 51349, Aug. 26, 2003]