[Federal Register Volume 89, Number 49 (Tuesday, March 12, 2024)]
[Rules and Regulations]
[Pages 17716-17717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05146]


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SMALL BUSINESS ADMINISTRATION

13 CFR Part 130

RIN 3245-AE05


Small Business Development Centers; Correction

AGENCY: U.S. Small Business Administration.

ACTION: Final rule; correcting amendments.

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SUMMARY: The U.S. Small Business Administration (SBA or the Agency) is 
correcting a final rule published in the Federal Register on November 
7, 2023. The rule updated the regulations for the Small Business 
Development Centers Program (the SBDC Program or the Program).

DATES: This correction is effective March 12, 2024.

FOR FURTHER INFORMATION CONTACT: Rachel Karton, Program Manager for the 
SBDC Program, at 202-205-6766 or [email protected].

SUPPLEMENTARY INFORMATION: In a final rule published on November 7, 
2023 (88 FR 76625), SBA incorporated the Uniform Guidance at 2 CFR part 
200 on receiving and using Federal awards; made various revisions to 
align the regulations with the text of the SBDC statute; and adopted 
the proposed rule with changes from the comments received in response 
to the publication of the NPRM. This correction to the final rule makes 
three clarifications. First, it clarifies the basis on which the 
Administrator may make an exception to the client privacy restriction 
of Sec.  130.380. Second, it corrects the definition of ``Overmatched 
amount'' in Sec.  130.110 to match the guidelines provided in Sec.  
130.450(g). Finally, it revises the last sentence in Sec.  
130.450(g)(3).

List of Subjects in 13 CFR Part 130

    Grant programs--business, Small businesses, Technical assistance.

    Accordingly, the Small Business Administration amends 13 CFR part 
130 by making the following correcting amendments:

[[Page 17717]]

PART 130--SMALL BUSINESS DEVELOPMENT CENTERS

0
1. The authority citation for part 130 continues to read as follows:

    Authority: 15 U.S.C. 634(b)(6), 648, and 648 note.

0
2. Amend Sec.  130.110 by revising the definition of ``Overmatched 
amount'' to read as follows:


Sec.  130.110  Definitions.

* * * * *
    Overmatched amount. Overmatched amounts are those which are derived 
from eligible matching sources; are reasonable, allowable, and 
allocable to the SBDC program; are over and above the minimum match 
required to the federal expenditures; and are included on the required 
SBDC financial reporting to SBA for the project period.
* * * * *

0
3. Amend Sec.  130.380 by revising paragraph (a)(2) to read as follows:


Sec.  130.380  Client privacy.

    (a) * * *
    (2) The Administrator considers such a disclosure to be necessary 
for the purpose of conducting a financial audit of a small business 
development center, not including those required under Sec.  130.830; 
or
* * * * *

0
4. Amend Sec.  130.450 by revising the last sentence in paragraph 
(g)(3) to read as follows:


Sec.  130.450  Matching funds.

* * * * *
    (g) * * *
    (3) * * * Such offsetting funds may be applied to Federal or 
matching accounts.
* * * * *

Mark Madrid,
Associate Administrator, Office of Entrepreneurial Development.
[FR Doc. 2024-05146 Filed 3-11-24; 8:45 am]
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