13 CFR 101.400 – What is the purpose of this subpart?
Current as of: 2024 | Check for updates
|
Other versions
(a) This subpart implements section 401 of the Intergovernmental Cooperation Act (31 U.S.C. § 6506 et seq.) which promotes intergovernmental partnership and strengthens Federalism by relying on state processes and state, area-wide, regional, and local coordination for the review of proposed Federal financial assistance and direct Federal development.
Terms Used In 13 CFR 101.400
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(b) While guiding SBA’s management, this subpart does not create any right or benefit enforceable at law.