§124.603. What reports regarding the continued business operations of former Participants does SBA require?
13 C.F.R. § 124.603
If requested by the SBA, former Participants must provide such information as SBA may request concerning the former Participant's continued business operations, contracts, and financial condition for a period of three years following the date on which the concern leaves the 8(a) BD program (either through the expiration of the firm's program term, graduation, or termination). Failure to provide such information when requested will constitute a violation of the regulations set forth in this part, and may result in the nonexercise of options on or termination of contracts awarded through the 8(a) BD program, debarment, or other legal recourse.
Notes, amendments, and revision history
Amendments
[63 FR 35739, June 30, 1998, as amended at 88 FR 26209, Apr. 27, 2023; 89 FR 102490, Dec. 17, 2024]
Authority
Authority: 15 U.S.C. 634(b)(6), 636(j), 637(a), 637(d), 644, 42 U.S.C. 9815; and Pub. L. 99-661, 100 Stat. 3816; Sec. 1207, Pub. L. 100-656, 102 Stat. 3853; Pub. L. 101-37, 103 Stat. 70; Pub. L. 101-574, 104 Stat. 2814; Sec. 8021, Pub. L. 108-87, 117 Stat. 1054; and Sec. 330, Pub. L. 116-260.
Source
Source: 63 FR 35739, June 30, 1998, unless otherwise noted.
Amendments
[63 FR 35739, June 30, 1998, as amended at 88 FR 26209, Apr. 27, 2023; 89 FR 102490, Dec. 17, 2024]