Peggy E. (Peg) Gustafson was sworn in as SBA Inspector General on October 2, 2009. Ms. Gustafson previously served as General Counsel to Senator Claire McCaskill (D-MO), where she advised the...
Report 10-07 - Audit of SBA Regulations Relating to Unconditional Ownership Requirements for Indian Tribes, 1/25/10
Date: January 25,2010
To: Joseph G. Jordan
Associate Administrator for Government
Contracting and Business Development
/s/ Original Signed
From: Debra S. Ritt
Assistant Inspector General for Auditing
Subject: Audit of SBA Regulations Relating to Unconditional Ownership Requirements for Indian Tribes, Report No. 10-07
During our review of Alaska Native Technologies, LLC (ANT), we determined that SBA' s business development regulations do not clearly implement the Small Business Act's (Act) statutory requirement that firms owned by Indian tribes be unconditionally owned. We also determined that SBA's regulatory definition of unconditional ownership appears inconsistent with restrictions discussed in the legislative history of the Act. We are notifying you of these issues so that you can take immediate action.
For further information, please refer to the attachment document.