Report 10-07 - Audit of SBA Regulations Relating to Unconditional Ownership Requirements for Indian Tribes, 1/25/10
Date Issued: Monday, January 25, 2010
Report Number: 10-07

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.