Florida Disaster # FL-00002, 35327-35328 [05-11960]
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Federal Register / Vol. 70, No. 116 / Friday, June 17, 2005 / Notices
requirement recognizes that because a
class may trade without a DPM or LMM,
the opening procedure would need to
operate with only quotes from MMs.
Similarly, the proposed change to
paragraph (e) of CBOE Rule 6.2B
provides that HOSS would not open a
class unless there is a quote from either
a MM or LMM with an appointment in
the class. This is equivalent to the
equities side, where a class will not
open without a quote from the DPM.
The Commission believes that the
proposed rule changes are consistent
with the Act to ensure that: (1) An
opening price is calculated if a class
trades without a DPM or LMM; (2) a
class will not be opened on HOSS (i)
without a quote from the DPM, in
classes which a DPM has been
appointed; and (ii) when there is no
quote from at least one MM or LMM
with an appointment in the class, in
classes in which no DPM has been
appointed.
2. CBOE Rules 6.1 and 6.2
The Exchange also proposes to amend
Interpretation and Policy .05 to CBOE
Rule 6.134 and Interpretation and Policy
.01 to Rule 6.2 by inserting the term
‘‘LMM’’ next to every reference to DPM.
As LMMs would perform essentially the
same functions as DPMs, this change is
necessary. The Exchange also proposes
in CBOE Rule 6.2 to eliminate reference
to the term ‘‘Board Broker’’ since there
is no such person anymore.
The Commission believes that these
proposed rule changes are also
consistent with the Act.
F. Accelerated Approval of Amendment
No. 3 and the Proposed Rule Change
and Amendment Nos. 1 and 2 Thereto
In Amendment No. 3, the Exchange
proposes to: (1) Clarify that linkage fees
do not apply to Satisfaction orders; (2)
change the reference from CBOE Rule
6.1, Interpretation .04 to CBOE Rule 6.1,
Interpretation .05 to more accurately
reflect the proposed rule text; and (3)
insert in the proposed rule text the
reference to CBOE Rule 6.45A(c)(ii)(A)
that the CBOE inadvertently left out of
the proposed rule text. The Commission
notes that the changes contained in
Amendment No. 3 are non-substantive
in nature and are necessary to clarify the
proposal, as well as to correct technical
omissions in the proposed new rules.35
Accordingly, the Commission finds that
there is good cause, consistent with
Section 6(b)(5) 36 and Section 19(b)(2) of
the Act,37 to approve Amendment No. 3
on an accelerated basis prior to the 30th
day after the date of publication of
notice of filing thereof in the Federal
Register.
Pursuant to Section 19(b)(2) of the
Act,38 the Commission may not approve
any proposed rule change prior to the
thirtieth day after the date of
publication of the notice of filing
thereof, unless the Commission finds
good cause for so finding. The
Commission hereby finds good cause for
approving the proposed rule change
prior to the 30th day after publishing
notice thereof in the Federal Register.
The Commission notes that the
proposed rule change, as amended, has
been subject to a full notice and
comment period, and that no comments
have been received.
By permitting the Exchange to trade
index classes on Hybrid without an
assigned DPM, the Exchange will have
the flexibility to trade index classes on
Hybrid either with a DPM, LMM, or
without a DPM or LMM in classes
where there are a requisite number of
assigned MMs. The Commission
believes that the proposed rule change,
which provides for a variety of different
participants to trade index classes on
Hybrid, will greatly benefit the way
investors trade their index classes.
Therefore, the Commission finds good
cause exists to accelerate approval of the
proposal, as amended, pursuant to
Section 19(b)(2) of the Act.39
V. Conclusion
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,40 that the
proposed rule change (File No. SR–
CBOE–2004–87), as amended by
Amendment Nos. 1, 2, and 3, be, and
hereby is, approved on an accelerated
basis.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.41
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–3128 Filed 6–16–05; 8:45 am]
BILLING CODE 8010–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration # 10123 and # 10124]
Florida Disaster # FL–00002
U.S. Small Business
Administration.
AGENCY:
37 15
38 15
34 See
39 Id.
35 See
Amendment No. 3, supra note 6.
Amendment No. 3, supra note 6.
36 15 U.S.C. 78f(b)(5).
40 15
U.S.C. 78s(b)(2).
U.S.C. 78s(b)(2).
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17:59 Jun 16, 2005
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41 17
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U.S.C. 78s(b)(2).
CFR 200.30–3(a)(12).
Frm 00107
Fmt 4703
Sfmt 4703
ACTION:
35327
Notice.
SUMMARY: This is a notice of an
Administrative declaration of a disaster
for the State of Florida, dated 04/29/
2005.
Incident: Severe storms, flooding, and
Tornadoes.
Incident Period: 03/31/2005 through
04/07/2005.
Dates: Effective Date: 04/29/2005.
Physical Loan Application Deadline
Date: 06/29/2005.
EIDL Loan Application Deadline Date:
01/25/2006.
ADDRESSES: Submit completed loan
applications to :
U.S. Small Business Administration,
Disaster Area Office 1, 360 Rainbow
Blvd. South 3rd Floor, Niagara Falls, NY
14303.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, Suite 6050, Washington,
DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s disaster declaration on
04/29/2005 , applications for disaster
loans may be filed at the address listed
above or other locally announced
locations.
The following areas have been
determined to be adversely affected by
the disaster:
Primary Counties:
Escambia, Marion, and Santa Rosa.
Contiguous Counties:
Florida: Alachua, Citrus, Lake, Levy,
Okaloosa, Putnam, Sumter, and
Volusia.
Alabama: Baldwin and Escambia.
The Interest Rates are:
Percent
Homeowners with credit available
elsewhere ....................................
Homeowners without credit available elsewhere ............................
Businesses with credit available
elsewhere ....................................
Businesses & small agricultural cooperatives without credit available elsewhere ............................
Other (including non-profit organizations) with credit available
elsewhere ....................................
Businesses and non-profit organizations without credit available
elsewhere ....................................
5.875
2.937
6.000
4.000
4.750
4.000
The number assigned to this disaster
for physical damage is 10123 6 and for
economic injury is 10124 0.
The States which received EIDL Decl
# are Florida and Alabama.
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
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35328
Federal Register / Vol. 70, No. 116 / Friday, June 17, 2005 / Notices
Dated: April 29, 2005.
Hector V. Barreto,
Administrator.
[FR Doc. 05–11960 Filed 6–16–05; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
Announcement of 504 Loan
Application Streamlining Pilot
U.S. Small Business
Administration (SBA).
ACTION: Notice of Pilot.
AGENCY:
SUMMARY: In order to develop more
consistent and efficient processes, SBA
is streamlining the procedures for the
submission of 504 loan applications to
its Sacramento Loan Processing Center
(SLPC) on a Pilot program basis.
The Pilot’s modifications to the
existing procedures fall into two
categories:
(1) Changes in documentation
submitted to SLPC that apply to all
CDCs; and
(2) Changes in process that apply to
CDCs meeting certain requirements.
Any existing procedures not
addressed in this document are not
affected and will continue with no
change.
The Pilot is effective upon
OMB’s approval of the modifications to
SBA Form 1244 (Application for Section
504 Loan) and will terminate one year
from that date. SBA will notify CDCs
upon receipt of OMB approval of the
Form. The new procedures will apply
with respect to loan applications a CDC
submits after the effective date. Loans
submitted to the SLPC before that date
will continue to be processed under
current standard procedures.
ADDRESSES: You may submit comments,
identified as ‘‘Notice of Pilot’’ by any of
the following methods: (1) Rulemaking
portal at www.regulations.gov; (2)
Agency Web site: https://www.sba.gov/:
(3) E-mail: andrew.mcconnell@sba.gov;
(4) Mail to: Andrew (‘‘Bin’’) McConnell,
Chief 504 Program Branch, Office of
Financial Assistance, at 409 3rd St. SW.,
Washington, DC 20416; and (5) Hand
Delivery/Courier: 409 3rd Street, SW.,
Washington, DC 20416.
FOR FURTHER INFORMATION CONTACT: Bin
McConnell, Chief 504 Program Branch,
Office of Financial Assistance, 409 3rd
Street, SW., Washington, DC 20416,
(202) 205–7238, or Richard Taylor,
Director, Sacramento Loan Processing
Center, at (916) 930–2462.
DATES:
SUPPLEMENTARY INFORMATION:
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Introduction
On September 30, 2004, the Small
Business Administration (SBA)
completed the process of transferring all
504 loan processing to a centralized
facility, the Sacramento Loan Processing
Center (SLPC), in Sacramento,
California. This was a significant step in
allowing the agency to develop more
consistent and efficient processes.
Since then, SBA has been considering
ways to streamline the process, both for
CDCs and SBA staff. As the result of a
recently completed analysis of the
processing actions currently performed
by the SLPC, and after discussions with
industry representatives, the agency has
determined that several modifications
can be made to improve 504 loan
processing. The agency will be testing
these modifications in a 504 Loan
Application Streamlining Pilot (‘‘Pilot’’).
Purpose of Pilot
As with other streamlining efforts, the
goal is to promote efficient use of staff
and other valuable resources. In this
case, the following are the goals that the
agency proposes to meet through the
Pilot:
• Enhance SBA’s ability to process
504 applications efficiently,
• Reduce the physical size of the 504
application,
• Reduce the cost of shipping and
storing files, and
• Reduce the paperwork submission
burden on CDCs.
The Pilot has been designed to
minimize any increased risk to the
agency that might result from
streamlined processes.
Discussion of Changes
This Pilot encompasses procedural
changes and the waiver of one
regulatory provision. Changes to 504
loan procedures fall into two categories:
(1) Changes in documentation
submitted to SLPC that apply to all
CDCs; and
(2) Changes in process that apply to
CDCs meeting certain requirements.
Each of these changes is discussed in
more detail below. SBA Form 1244 is
being revised to reflect these changes.
SBA has submitted a request to OMB, as
required under the Paperwork
Reduction Act, to approve the
modification to SBA Form 1244 to
reflect these changes.
I. Changes in documentation
submitted to SLPC that apply to all
CDCs: During the Pilot, CDCs will not be
required to submit certain documents
currently required, and will be required
to address certain issues as part of the
credit memorandum instead of
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submitting the information in separate
Exhibits. Borrower will also be allowed
to provide a single certification instead
of having to sign each exhibit
individually (other than Exhibits 11 and
12, as further discussed below). Lastly,
the timing of the submission of four
documents will be changed to
accommodate current business
practices.
More specifically, the following are
changes that apply to all 504 loan
applications submitted to SLPC by all
CDC:
1. The requirements of Exhibit 1—
History of business and analysis of
management ability, and Exhibit 5—
Resumes of principals, will now be met
by the CDC addressing these in the
credit memorandum.
2. Changes in documents submitted to
the SLPC as Exhibits to SBA Form 1244:
• Exhibit 2—The required eligibility
analysis will be satisfied by the CDC
completing and submitting SBA’s
Eligibility Checklist (available by
calling, faxing, or e-mailing the SLPC) as
Exhibit 2.
• Exhibit 4—Only a copy of the
income tax return for the last full year
will be required instead of the last 3
years of income tax returns.
• Exhibit 6—Only copies of the last 2
full years of income tax returns will be
required instead of the last 3 years of
income tax returns except if the
alternate 7(a) size standard is being
used. (This does not change the
requirements for verification of financial
information in the Authorization. The
CDC is still required to verify the
financial information in the application
by obtaining tax information for 3 years
using IRS Form 4506-T to IRS and
comparing the financials to this
information, as required in existing SBA
guidance.)
• Exhibit 12—Only copies of the last
2 full years of income tax returns or
financial statements for each affiliated
or subsidiary business will be required
instead of the past 3 years of income tax
returns, except if the alternate 7(a) size
standard is being used. A current
financial statement for each affiliated or
subsidiary business is no longer
required to be submitted since it is not
necessary for the size determination.
3. With the exception of Exhibits 11
and 12 , the Borrower will no longer be
required to sign and date each separate
SBA Form 1244 Exhibit. The Borrower
will be required instead to certify that
all information in the SBA Form 1244
and Exhibits is true and correct, except
that Exhibits 11 (Schedule of previous
government financing) and 12 (Names of
affiliated or subsidiary businesses) must
E:\FR\FM\17JNN1.SGM
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]]>Agencies
[Federal Register Volume 70, Number 116 (Friday, June 17, 2005)]
[Notices]
[Pages 35327-35328]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-11960]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration 10123 and 10124]
Florida Disaster FL-00002
AGENCY: U.S. Small Business Administration.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This is a notice of an Administrative declaration of a
disaster for the State of Florida, dated 04/29/2005.
Incident: Severe storms, flooding, and Tornadoes.
Incident Period: 03/31/2005 through 04/07/2005.
Dates: Effective Date: 04/29/2005.
Physical Loan Application Deadline Date: 06/29/2005.
EIDL Loan Application Deadline Date: 01/25/2006.
ADDRESSES: Submit completed loan applications to :
U.S. Small Business Administration, Disaster Area Office 1, 360
Rainbow Blvd. South 3rd Floor, Niagara Falls, NY 14303.
FOR FURTHER INFORMATION CONTACT: A. Escobar, Office of Disaster
Assistance, U.S. Small Business Administration, 409 3rd Street, Suite
6050, Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is hereby given that as a result of
the Administrator's disaster declaration on 04/29/2005 , applications
for disaster loans may be filed at the address listed above or other
locally announced locations.
The following areas have been determined to be adversely affected
by the disaster:
Primary Counties:
Escambia, Marion, and Santa Rosa.
Contiguous Counties:
Florida: Alachua, Citrus, Lake, Levy, Okaloosa, Putnam, Sumter, and
Volusia.
Alabama: Baldwin and Escambia.
The Interest Rates are:
------------------------------------------------------------------------
Percent
------------------------------------------------------------------------
Homeowners with credit available elsewhere.................... 5.875
Homeowners without credit available elsewhere................. 2.937
Businesses with credit available elsewhere.................... 6.000
Businesses & small agricultural cooperatives without credit 4.000
available elsewhere..........................................
Other (including non-profit organizations) with credit 4.750
available elsewhere..........................................
Businesses and non-profit organizations without credit 4.000
available elsewhere..........................................
------------------------------------------------------------------------
The number assigned to this disaster for physical damage is 10123 6
and for economic injury is 10124 0.
The States which received EIDL Decl are Florida and
Alabama.
(Catalog of Federal Domestic Assistance Numbers 59002 and 59008)
[[Page 35328]]
Dated: April 29, 2005.
Hector V. Barreto,
Administrator.
[FR Doc. 05-11960 Filed 6-16-05; 8:45 am]
BILLING CODE 8025-01-P
