Trump seeks authority for up to $4M in gifts for SBA in 2020

SBA to get less fed’l money; GovCon/BD is flat funded; SBA cash gifts have been problematic in past: reports

     President Trump is asking Congress to allow the Small Business Administration to receive up to $4 million in cash or in-kind gifts in fiscal 2020, which appears to be a large increase from past gifts to the SBA.

      The request for the SBA to receive millions in cash and donations is presented without explanation in the president’s budget request submitted to Congress earlier this month. It’s on the first page of the SBA section of the appendix.

      SBA is allowed to receive cash and in-kind donations for its mission, but generally in the past the amounts have been relatively small. According to an audit dating from 2017, the SBA deposited about $105,000 in cash donations made to the agency the previous year. Managing the cash gifts also has presented problems for SBA.

      SBA officials were not immediately available to explain the request.

      Overall, the president requests that SBA would get a federally-funded budget of $665 million, a 5% decrease from...more....