§ 6905. — Allocation of assistance; subgrants.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC6905]
TITLE 15--COMMERCE AND TRADE
CHAPTER 95--MICROENTERPRISE TECHNICAL ASSISTANCE AND CAPACITY BUILDING
PROGRAM
Sec. 6905. Allocation of assistance; subgrants
(a) Allocation of assistance
(1) In general
The Administrator shall allocate assistance from the
Administration under this chapter to ensure that--
(A) activities described in section 6903(1) of this title
are funded using not less than 75 percent of amounts made
available for such assistance; and
(B) activities described in section 6903(2) of this title
are funded using not less than 15 percent of amounts made
available for such assistance.
(2) Limit on individual assistance
No single person may receive more than 10 percent of the total
funds appropriated under this chapter in a single fiscal year.
(b) Targeted assistance
The Administrator shall ensure that not less than 50 percent of the
grants made under this chapter are used to benefit very low-income
persons, including those residing on Indian reservations.
(c) Subgrants authorized
(1) In general
A qualified organization receiving assistance under this chapter
may provide grants using that assistance to qualified small and
emerging microenterprise organizations and programs, subject to such
rules and regulations as the Administrator determines to be
appropriate.
(2) Limit on administrative expenses
Not more than 7.5 percent of assistance received by a qualified
organization under this chapter may be used for administrative
expenses in connection with the making of subgrants under paragraph
(1).
(d) Diversity
In making grants under this chapter, the Administrator shall ensure
that grant recipients include both large and small microenterprise
organizations, serving urban, rural, and Indian tribal communities
serving diverse populations.
(e) Prohibition on preferential consideration of certain SBA program
participants
In making grants under this chapter, the Administrator shall ensure
that any application made by a qualified organization that is a
participant in the program established under section 636(m) of this
title does not receive preferential consideration over applications from
other qualified organizations that are not participants in such program.
(Pub. L. 103-325, title I, Sec. 176, as added Pub. L. 106-102, title
VII, Sec. 725, Nov. 12, 1999, 113 Stat. 1473.)
