Section 106.301 - What are the minimum requirements applicable to Fee Based SBA-Sponsored Activities?While SBA may subject a Fee Based SBA-Sponsored Activity to additional requirements through internal policy and procedure, the following requirements apply to all Fee Based SBA-Sponsored Activities:
(a) A Fee Based Record must be prepared by the Responsible Program Official in advance of the activity;(b) Any Participant Fees charged will not exceed the minimal amount needed to cover the anticipated direct costs of the activity;(c) 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(d) Written approval must be obtained as outlined in § 106.303 .