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15 U.S. Code § 9552. Business Centers
(a) In general
The Under Secretary may establish MBDA Rural Business Centers.
(b) Partnership
(1) In general
With respect to an MBDA Rural Business Center established by the Under Secretary, the Under Secretary shall establish the MBDA Rural Business Center in partnership with an eligible entity in accordance with paragraph (2).
(2) MBDA agreement
(A) In generalWith respect to each MBDA Rural Business Center established by the Under Secretary, the Under Secretary shall enter into a cooperative agreement with an eligible entity that provides that—
(i)
the eligible entity shall provide space, facilities, and staffing for the MBDA Rural Business Center;
(ii)
the Under Secretary shall provide funding for, and oversight with respect to, the MBDA Rural Business Center; and
(iii)
subject to subparagraph (B), the eligible entity shall match 20 percent of the amount of the funding provided by the Under Secretary under clause (ii), which may be calculated to include the costs of providing the space, facilities, and staffing under clause (i).
(B) Lower match requirementBased on the available resources of an eligible entity, the Under Secretary may enter into a cooperative agreement with the eligible entity that provides that—
(i)
the eligible entity shall match less than 20 percent of the amount of the funding provided by the Under Secretary under subparagraph (A)(ii); or
(ii)
if the Under Secretary makes a determination, upon a demonstration by the eligible entity of substantial need, the eligible entity shall not be required to provide any match with respect to the funding provided by the Under Secretary under subparagraph (A)(ii).
(C) Eligible funds
An eligible entity may provide matching funds required under an MBDA Rural Business Center agreement with Federal funds received from other Federal programs.