American Recovery and Reinvestment Act: America's Recovery Capital (Business Stabilization) Loan Program, 27426 [E9-13687]

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Download as PDF 27426 Federal Register / Vol. 74, No. 110 / Wednesday, June 10, 2009 / Rules and Regulations PART 72—LICENSING REQUIREMENTS FOR THE INDEPENDENT STORAGE OF SPENT NUCLEAR FUEL, HIGH-LEVEL RADIOACTIVE WASTE, AND REACTOR-RELATED GREATER THAN CLASS C WASTE 1. The authority citation for Part 72 continues to read as follows: ■ Authority: Secs. 51, 53, 57, 62, 63, 65, 69, 81, 161, 182, 183, 184, 186, 187, 189, 68 Stat. 929, 930, 932, 933, 934, 935, 948, 953, 954, 955, as amended, sec. 234, 83 Stat. 444, as amended (42 U.S.C. 2071, 2073, 2077, 2092, 2093, 2095, 2099, 2111, 2201, 2232, 2233, 2234, 2236, 2237, 2238, 2282); sec. 274, Pub. L. 86–373, 73 Stat. 688, as amended (42 U.S.C. 2021); sec. 201, as amended, 202, 206, 88 Stat. 1242, as amended, 1244, 1246 (42 U.S.C. 5841, 5842, 5846); Pub. L. 95–601, sec. 10, 92 Stat. 2951 as amended by Pub. L. 102– 486, sec. 7902, 106 Stat. 3123 (42 U.S.C. 5851); sec. 102, Pub. L. 91–190, 83 Stat. 853 (42 U.S.C. 4332); secs. 131, 132, 133, 135, 137, 141, Pub. L. 97–425, 96 Stat. 2229, 2230, 2232, 2241, sec. 148, Pub. L. 100–203, 101 Stat. 1330–235 (42 U.S.C. 10151, 10152, 10153, 10155, 10157, 10161, 10168); sec. 1704, 112 Stat. 2750 (44 U.S.C. 3504 note); sec. 651(e), Pub. L. 109–58, 119 Stat. 806–10 (42 U.S.C. 2014, 2021, 2021b, 2111). Section 72.44(g) also issued under secs. 142(b) and 148(c), (d), Pub. L. 100–203, 101 Stat. 1330–232, 1330–236 (42 U.S.C. 10162(b), 10168(c), (d)). Section 72.46 also issued under sec. 189, 68 Stat. 955 (42 U.S.C. 2239); sec. 134, Pub. L. 97–425, 96 Stat. 2230 (42 U.S.C. 10154). Section 72.96(d) also issued under sec. 145(g), Pub. L. 100–203, 101 Stat. 1330–235 (42 U.S.C. 10165(g)). Subpart J also issued under secs. 2(2), 2(15), 2(19), 117(a), 141(h), Pub. L. 97–425, 96 Stat. 2202, 2203, 2204, 2222, 2244 (42 U.S.C. 10101, 10137(a), 10161(h)). Subparts K and L are also issued under sec. 133, 98 Stat. 2230 (42 U.S.C. 10153) and sec. 218(a), 96 Stat. 2252 (42 U.S.C. 10198). 2. In § 72.214, Certificate of Compliance 1004 is revised to read as follows: ■ § 72.214 List of approved spent fuel storage casks. mstockstill on PROD1PC66 with RULES * * * * * Certificate Number: 1004. Initial Certificate Effective Date: January 23, 1995. Amendment Number 1 Effective Date: April 27, 2000. Amendment Number 2 Effective Date: September 5, 2000. Amendment Number 3 Effective Date: September 12, 2001. Amendment Number 4 Effective Date: February 12, 2002. Amendment Number 5 Effective Date: January 7, 2004. Amendment Number 6 Effective Date: December 22, 2003. Amendment Number 7 Effective Date: March 2, 2004. VerDate Nov<24>2008 14:06 Jun 09, 2009 Jkt 217001 Amendment Number 8 Effective Date: December 5, 2005. Amendment Number 9 Effective Date: April 17, 2007. Amendment Number 10 Effective Date: August 24, 2009. SAR Submitted by: Transnuclear, Inc. SAR Title: Final Safety Analysis Report for the Standardized NUHOMS® Horizontal Modular Storage System for Irradiated Nuclear Fuel. Docket Number: 72–1004. Certificate Expiration Date: January 23, 2015. Model Number: NUHOMS®–24P, –24PHB, –24PTH, –32PT, –32PTH1, –52B, –61BT, and –61BTH. * * * * * Dated at Rockville, Maryland, this 28th day of May, 2009. For the Nuclear Regulatory Commission. R.W. Borchardt, Executive Director for Operations. [FR Doc. E9–13579 Filed 6–9–09; 8:45 am] BILLING CODE 7590–01–P SMALL BUSINESS ADMINISTRATION 13 CFR Part 120 American Recovery and Reinvestment Act: America’s Recovery Capital (Business Stabilization) Loan Program AGENCY: U.S. Small Business Administration. ACTION: Notice of ARC loan program interest rate. SUMMARY: SBA has published an interim final rule implementing section 506 of the American Recovery and Reinvestment Act of 2009. The rule establishes a temporary program to guarantee loans to viable small business concerns that have a qualifying small business loan, and are experiencing immediate financial hardship. Loans made under this program, referred to as ‘‘America’s Recovery Capital Loan Program’’ (ARC Loan Program) can be used to make principal and interest payments on existing qualifying small business loans. ARC Loans are interest free to the borrower with SBA making the interest payment on the loan to the lender. As part of the interim final rule, SBA provided that the interest rate would be published in the Federal Register. This notice establishes the initial interest rate for ARC Loans at prime plus two percentage points. DATES: The interest rate is effective as of June 10, 2009. FOR FURTHER INFORMATION CONTACT: Janet A. Tasker, Office of Capital Access, Small Business Administration, PO 00000 Frm 00004 Fmt 4700 Sfmt 4700 409 Third Street, SW., Washington, DC 20410 or via e-mail at ARCloanprogram@sba.gov. SUPPLEMENTARY INFORMATION: I. Background Information The American Recovery and Reinvestment Act of 2009 (the Recovery Act), Public Law 111–5, 123 Stat. 115, was enacted on February 17, 2009, to, among other things, promote economic recovery by preserving and creating jobs, and assisting those most impacted by the severe economic conditions facing the nation. SBA is one of several agencies that will play a role in achieving these goals. SBA received funding and authority through the Recovery Act for several actions to help small business lending, including authority to establish a new temporary loan program to help troubled businesses. SBA has published in the Federal Register an interim final rule establishing a temporary program to guarantee loans to viable small business concerns that have a qualifying small business loan, and are experiencing immediate financial hardship. Loans made under this program, referred to as ‘‘America’s Recovery Capital Loan Program’’ (ARC Loan Program) can be used to make principal and interest payments on existing qualifying small business loans. ARC Loans are interest free to the borrower with SBA making the interest payment on the loan to the lender. As part of the interim final rule, SBA provided that the interest rate for ARC Loans would be published in the Federal Register. This notice establishes the interest rate for ARC Loans. SBA will pay SBA lenders a variable rate of interest on ARC Loans. The interest rate SBA will pay on an ARC Loan is the prime rate in effect on the first business day of the month, as printed in a national financial newspaper published each business day, plus two (2) percentage points. The initial interest rate for ARC Loans will be based on the prime rate that was in effect as of the first business day of the month in which SBA received the loan application. The interest rate will be adjusted on the first business day of each month thereafter, using the prime rate in effect on such date. Any future change to interest rates paid by SBA on ARC Loans will be published in the Federal Register. Eric Zarnikow, Associate Administrator, Office of Capital Access. [FR Doc. E9–13687 Filed 6–8–09; 4:15 pm] BILLING CODE 8025–01–P E:\FR\FM\10JNR1.SGM 10JNR1

Agencies

[Federal Register Volume 74, Number 110 (Wednesday, June 10, 2009)]
[Rules and Regulations]
[Page 27426]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-13687]


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SMALL BUSINESS ADMINISTRATION

13 CFR Part 120


American Recovery and Reinvestment Act: America's Recovery 
Capital (Business Stabilization) Loan Program

AGENCY: U.S. Small Business Administration.

ACTION: Notice of ARC loan program interest rate.

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SUMMARY: SBA has published an interim final rule implementing section 
506 of the American Recovery and Reinvestment Act of 2009. The rule 
establishes a temporary program to guarantee loans to viable small 
business concerns that have a qualifying small business loan, and are 
experiencing immediate financial hardship. Loans made under this 
program, referred to as ``America's Recovery Capital Loan Program'' 
(ARC Loan Program) can be used to make principal and interest payments 
on existing qualifying small business loans. ARC Loans are interest 
free to the borrower with SBA making the interest payment on the loan 
to the lender. As part of the interim final rule, SBA provided that the 
interest rate would be published in the Federal Register. This notice 
establishes the initial interest rate for ARC Loans at prime plus two 
percentage points.

DATES: The interest rate is effective as of June 10, 2009.

FOR FURTHER INFORMATION CONTACT: Janet A. Tasker, Office of Capital 
Access, Small Business Administration, 409 Third Street, SW., 
Washington, DC 20410 or via e-mail at ARCloanprogram@sba.gov.

SUPPLEMENTARY INFORMATION:

I. Background Information

    The American Recovery and Reinvestment Act of 2009 (the Recovery 
Act), Public Law 111-5, 123 Stat. 115, was enacted on February 17, 
2009, to, among other things, promote economic recovery by preserving 
and creating jobs, and assisting those most impacted by the severe 
economic conditions facing the nation. SBA is one of several agencies 
that will play a role in achieving these goals. SBA received funding 
and authority through the Recovery Act for several actions to help 
small business lending, including authority to establish a new 
temporary loan program to help troubled businesses.
    SBA has published in the Federal Register an interim final rule 
establishing a temporary program to guarantee loans to viable small 
business concerns that have a qualifying small business loan, and are 
experiencing immediate financial hardship. Loans made under this 
program, referred to as ``America's Recovery Capital Loan Program'' 
(ARC Loan Program) can be used to make principal and interest payments 
on existing qualifying small business loans. ARC Loans are interest 
free to the borrower with SBA making the interest payment on the loan 
to the lender. As part of the interim final rule, SBA provided that the 
interest rate for ARC Loans would be published in the Federal Register.
    This notice establishes the interest rate for ARC Loans. SBA will 
pay SBA lenders a variable rate of interest on ARC Loans. The interest 
rate SBA will pay on an ARC Loan is the prime rate in effect on the 
first business day of the month, as printed in a national financial 
newspaper published each business day, plus two (2) percentage points.
    The initial interest rate for ARC Loans will be based on the prime 
rate that was in effect as of the first business day of the month in 
which SBA received the loan application. The interest rate will be 
adjusted on the first business day of each month thereafter, using the 
prime rate in effect on such date.
    Any future change to interest rates paid by SBA on ARC Loans will 
be published in the Federal Register.

Eric Zarnikow,
Associate Administrator, Office of Capital Access.
[FR Doc. E9-13687 Filed 6-8-09; 4:15 pm]
BILLING CODE 8025-01-P