Closeout procedures.

CFR · 2024-01-01 · US · Title 13

(a) (b) (c) (2) Inventory and documentation of intellectual property must be collected by the Lead Center for close out. In circumstances where SBA is not renewing the cooperative agreement, the recipient organization must provide an intellectual property inventory and the support documentation to the SBDC clearinghouse and to the District Office for disposition instructions. (d) (i) An inventory of the SBDC property must be compiled and evaluated. An asset evaluation final report accounting for the property, equipment, and the aggregate of usable supplies and materials must be provided to the Program Manager. (ii) Program income balances must be reconciled, and unused program income transferred to the Lead Center from SBDC service center organization accounts. (iii) Client counseling and training records, paper and electronic, must be compiled to facilitate an SBA program closeout review. (iv) Financial records will be compiled to facilitate an SBA closeout financial examination. (2) (3) (e) (2) The AA/SBDC will issue written disposition instructions to the recipient organization providing: (i) The name and address of the entity or agency to which property and program income must be transferred; (ii) A date by which the transfer must be completed; (iii) Actions to be taken regarding property and program income; (iv) Actions to be taken regarding program records such as client and training files; and (v) Authorization to incur costs for accomplishing the transfer. Such costs

official document · source cfr-2024 · id 13:§ 130.840