13 CFR § 120.829 - Job Opportunity average a CDC must maintain.
---identifier: "/us/cfr/t13/s120.829"source: "ecfr"legal_status: "authoritative_unofficial"title: "13 CFR § 120.829 - Job Opportunity average a CDC must maintain."title_number: 13title_name: "Business Credit and Assistance"section_number: "120.829"section_name: "Job Opportunity average a CDC must maintain."chapter_name: "SMALL BUSINESS ADMINISTRATION"part_number: "120"part_name: "BUSINESS LOANS"positive_law: falsecurrency: "2026-03-24"last_updated: "2026-03-24"format_version: "1.1.0"generator: "[email protected]"authority: "15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182."regulatory_source: "61 FR 3235, Jan. 31, 1996, unless otherwise noted."cfr_part: "120"---
Identifier
/us/cfr/t13/s120.829
Currency
2026-03-24
Positive Law
No
Updated
2026-03-24
Chapter
Small Business Administration
Authority
15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 1... 15 U.S.C. 634(b) (6), (b) (7), (b) (14), (h), and note, 636(a), (h) and (m), 650, 687(f), 696(3) and (7), and 697(a) and (e); sec. 521, Pub. L. 114-113, 129 Stat. 2242; sec. 328(a), Pub. L. 116-260, 134 Stat. 1182.
# 120.829 Job Opportunity average a CDC must maintain.(a) A CDC's portfolio must maintain a minimum average of one Job Opportunity per an amount of 504 loan funding that will be specified by SBA from time to time in a *Federal Register* notice. Such Job Opportunity average remains in effect until changed by subsequent *Federal Register* publication. A CDC is permitted two years from its certification date to meet this average.(b) A CDC must indicate in its annual report the Job Opportunities actually or estimated to be provided by each Project.(c) If a CDC does not maintain the required average, it may retain its certification if it justifies to SBA's satisfaction its failure to do so in its annual report and shows how it intends to attain the required average.[61 FR 3235, Jan. 31, 1996, as amended at 68 FR 57981, Oct. 7, 2003]