---
kind: "section"
citation: "13 C.F.R. § 106.501"
title: "13"
number: "106.501"
heading: "What minimum requirements are applicable to SBA's solicitation and/or acceptance of Gifts?"
url: "https://uscodex.org/cfr/13/106.501"
---

# §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 [§ 106.500](/cfr/13/106.500.md):

- (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 [§ 106.500](/cfr/13/106.500.md) must be deposited in an SBA trust account at the U.S. Department of the Treasury.

## Notes

### Authority

Authority: 15 U.S.C. 633 (g) and (h); 15 U.S.C. 637(b)(1)(A); 15 U.S.C. 637(b)(G).

### Source

Source: 70 FR 70704, Nov. 23, 2005, unless otherwise noted.