Natural Resources Assistance Program Law and Legal Definition

Natural Resources Assistance Program is a program of the U.S. Small Business Administration (SBA) which is intended to ensure that small businesses obtain a fair share of government property sales and leases through small business set-asides. The federal government sells large quantities of natural resources and surplus real and personal property authorized for sale in accordance with public law. SBA cooperates with other federal agencies to channel a fair share of this property and resources to small businesses.

The program covers five categories of federal resources. They are:

Timber and related forest products;

Strategic materials from the National stockpile;

Royalty oil;

Leases involving rights to minerals, coal, oil, and gas and

Surplus real and personal property.

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