§106.301. What are the minimum requirements applicable to Fee Based SBA-Sponsored Activities?

A Fee Based Record must be prepared by the Responsible Program Official in advance of the activity;

Any Participant Fees charged will not exceed the minimal amount needed to cover the anticipated direct costs of the activity;

Gifts of cash accepted and the collection of Participant Fees for Fee Based SBA-Sponsored Activities are subject to the applicable requirements in this part, internal SBA policies and procedures as well as applicable U.S. Treasury rules and guidelines; and

Written approval must be obtained as outlined in § 106.303.