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Small Business Development Centers Relief Act of 2010
To waive temporarily the matching amount requirement with respect to section 21 of the Small Business Act, and for other purposes.
Summary
This bill temporarily waives the matching fund requirement for Small Business Development Centers grants under the Small Business Act for one year from enactment. Normally, entities receiving grants for small business development centers must provide matching funds as a condition of the grant, with the grant amount limited based on the matching funds provided. During the one-year waiver period, the Small Business Administration may award grants without requiring matching funds and the grant amount is not limited by matching fund levels.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (3)
- Mar 24, 2010 Referred to the Subcommittee on Rural Development, Entrepreneurship and Trade. · house
- Mar 24, 2010 Referred to the House Committee on Small Business. · house
- Mar 24, 2010 Introduced in House
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Full text
IN THE HOUSE OF REPRESENTATIVES
March 24, 2010
Mr. Kratovil introduced the following bill; which was referred to the Committee on Small Business
A BILL
To waive temporarily the matching amount requirement with respect to section 21 of the Small Business Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Small Business Development Centers Relief Act of 2010”.
SEC. 2. MATCHING REQUIREMENT WAIVER.
During the 1-year period beginning on the date of enactment of this Act, the Administrator of the Small Business Administration shall waive the requirement under subsection (a)(4)(A) of section 21 of the Small Business Act (15 U.S.C. 648) that a matching amount be provided as a condition of grants under such section. Notwithstanding subsection
(a)(4)(C)(ii) of such section, the amount of a grant under such section during such period may exceed the amount of matching funds provided. <all>
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