Petitions for Exemption; Summary of Petitions Received, 58659-58660 [E6-16389]

Download as PDF Federal Register / Vol. 71, No. 192 / Wednesday, October 4, 2006 / Notices rwilkins on PROD1PC63 with NOTICES additional financing to businesses located in new markets. The CDEs would bring additional funds to various underserved business communities located in new markets. SBA hopes that such CDEs will also provide a package of services to borrowers, including mentoring, coaching and counseling to these businesses. Under SBA’s SBAExpress loan program, a Lender approved by SBA to make such loans makes a 7(a) loan to a small business using the Lender’s own processes, procedures, and forms. Certain types of loans are not eligible for the SBAExpress loan program. The maximum loan amount is $350,000, and the maximum SBA guaranty is 50% of the loan amount. More information about the SBAExpress program is available at: https://www.sba.gov/ financing/lendinvest/sbaexpress.html, or from any SBA district office. Although the maximum size of an SBAExpress loan is $350,000, SBAExpress loans that are larger than $150,000 will not be eligible for the NMTC Pilot Loan Program. Under SBA’s CommunityExpress program, a Lender approved by SBA to make such loans makes a 7(a) loan to a small business using Lender’s own processes, procedures, and forms. Borrowers must receive pre- and postloan closing technical and management assistance from local non-profit providers and/or from the Lender, with that assistance coordinated, arranged and, when necessary, paid for by the Lender. Certain types of loans are not eligible for the CommunityExpress program. The maximum loan amount is $250,000, and the SBA guaranty is up to 85% of the loan amount for loans of $150,000 or less. More information about the CommunityExpress program is available at: https://www.sba.gov/ financing/lendinvest/comexpress.html. or from any SBA District Office. Although the maximum size of a CommunityExpress loan is $250,000, CommunityExpress loans that are larger than $150,000 will not be eligible for the NMTC Pilot Loan Program. Waiver Pursuant to 13 CFR 120.3, I am hereby waiving the requirement in 13 CFR 120.432(a) on sales of participating interests in 7(a) loans to allow lenders to sell participating interests in 7(a) loans to CDEs. This waiver is needed in order for the NMTC Pilot Loan Program to function. Beginning on the effective date of the NMTC Program, CDEs that hold an NMTC allocation may acquire, hold and assign a portion of an eligible SBAExpress or CommunityExpress 7(a) VerDate Aug<31>2005 14:45 Oct 03, 2006 Jkt 211001 loan notwithstanding the prohibition in 13 CFR 120.432(a). In addition to the waiver of this regulation, SBA is implementing the following restrictions on Lenders and on the sale of 7(a) loans under this pilot: (a) Only new SBAExpress and CommunityExpress 7(a) loans made after the effective date of the pilot are eligible for the pilot. (b) Lenders must sign a Supplemental Lender Program Participation Agreement for the NMTC Pilot Loan Program in order to participate in this program. (c) The maximum loan size eligible for the pilot is $150,000. (d) Only 7(a) loans held in the portfolio of the originating Lender and made after the effective date of the pilot are eligible; 7(a) loans sold on the secondary market are not eligible. (e) The originating Lender must perform the initial underwriting for the 7(a) loan, close the 7(a) loan, and retain all servicing responsibility for the 7(a) loan even after the Lender sells participation interests in such loan to CDEs, and perform liquidation of the loan unless it is not required to do so by SBA. (f) The originating Lender must retain at least 10% of the principal balance of the 7(a) loan, excluding any premium amount paid, throughout the entire term of the loan. The 10% of any loan retained by the Lender must be a portion of the unguaranteed interest. The Lender must continue to administer the loans during their entire term and remains responsible for all SBA requirements and fees. (g) A participation agreement, in a form that is acceptable to SBA, must be used by the originating Lender when a participation interest in a 7(a) loan is sold to a CDE and an agreement for assignment of a CDE-held participation interest, in a form that is acceptable to SBA, must be used by the CDE for all subsequent transfers of a participation interest. (h) CDEs purchasing any portion of a 7(a) loan made under the pilot must have a NMTC allocation. (i) Purchasers of participation interests in loans will not be permitted any input into the closing, servicing or liquidation of the 7(a) loan, and Lenders must not allow any such input. (j) A CDE may sell its interest in a 7(a) loan made under the pilot only to either a Lender or to another CDE with a NMTC allocation. The CDE must use an assignment of participation interest form that is acceptable to SBA. (k) Small Business Investment Companies (SBICs) and New Market Venture Capital Companies (NMVCCs) PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 58659 are prohibited from participating in the pilot. (l) SBA’s waiver of its regulation for purposes of this pilot is based on a requirement that the SBAExpress and CommunityExpress 7(a) loans made by Lenders under this pilot also will qualify as QLCI loans under the IRS Tax Code and regulations governing the NMTC program. The originating Lender is responsible for meeting the eligibility criteria to qualify the 7(a) loan as a QLCI loan. However, CDEs and their investors bear the responsibility of demonstrating to the IRS the eligibility of the loan for NMTCs, and SBA makes no legal or tax representations and assumes no responsibility in this regard. If SBA does not make this program permanent or extend this pilot program beyond September 30, 2011, the CDE may continue to hold in its portfolio any participation interests in 7(a) loans until the loan is paid in full or the full NMTC is earned, whichever occurs first. If a CDE has fully earned its allocated NMTCs, but the 7(a) loan in which it holds a participation interest is still outstanding, the CDE may transfer its participation interest to either a Lender or to another CDE that holds an NMTC allocation. Steven C. Preston, Administrator. [FR Doc. 06–8497 Filed 10–3–06; 8:45 am] BILLING CODE 8025–01–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration [Summary Notice No. PE–2006–32] Petitions for Exemption; Summary of Petitions Received Federal Aviation Administration (FAA), DOT. ACTION: Notice of petitions for exemption received AGENCY: SUMMARY: Pursuant to FAA’s rulemaking provisions governing the application, processing, and disposition of petitions for exemption part 11 of Title 14, Code of Federal Regulations (14 CFR), this notice contains a summary of certain petitions seeking relief from specified requirements of 14 CFR. The purpose of this notice is to improve the public’s awareness of, and participation in, this aspect of FAA’s regulatory activities. Neither publication of this notice nor the inclusion or omission of information in the summary is intended to affect the legal status of any petition or its final disposition. E:\FR\FM\04OCN1.SGM 04OCN1 58660 Federal Register / Vol. 71, No. 192 / Wednesday, October 4, 2006 / Notices Comments on petitions received must identify the petition docket number involved and must be received on or before October 24, 2006. ADDRESSES: You may submit comments [identified by DOT DMS Docket Number FAA–2006–25049] by any of the following methods: • Web site: https://dms.dot.gov. Follow the instructions for submitting comments on the DOT electronic docket site. • Fax: 1–202–493–2251. • Mail: Docket Management Facility; U.S. Department of Transportation, 400 Seventh Street, SW., Nassif Building, Room PL–401, Washington, DC 20590– 001. • Hand Delivery: Room PL–401 on the plaza level of the Nassif Building, 400 Seventh Street, SW., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal Holidays. Docket: For access to the docket to read background documents or comments received, go to https:// dms.dot.gov at any time or to Room PL– 401 on the plaza level of the Nassif Building, 400 Seventh Street, SW., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal Holidays. FOR FURTHER INFORMATION CONTACT: Tim Adams (202) 267–8033, Sandy Buchanan-Sumter (202) 267–7271, or John Linsenmeyer (202) 267–5174, Office of Rulemaking (ARM–1), Federal Aviation Administration, 800 Independence Avenue, SW., Washington, DC 20591. This notice is published pursuant to 14 CFR 11.85 and 11.91. DATES: American will maintain at least a Category I approach authorization and the intended destination airport must have at least one operational Category I Instrument Landing System. [FR Doc. E6–16389 Filed 10–3–06; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF TRANSPORTATION Federal Motor Carrier Safety Administration Sunshine Act Meetings; Unified Carrier Registration Plan Board of Directors Federal Motor Carrier Safety Administration, DOT. TIME AND DATE: October 11, 2006, 8:30 a.m. to 5 p.m. PLACE: Holiday Inn Capitol, 550 C Street, SW., Washington, DC 20024. STATUS: Open to the public. MATTERS TO BE CONSIDERED: An overview of the Unified Carrier Registration Plan and Agreement requirements set forth under section 4305 of the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users, and the administrative functioning of the Board. In addition, the Board will continue its work in developing the Unified Carrier Registration Agreement procedures and toward recommending UCRA fees to the Secretary. FOR FURTHER INFORMATION CONTACT: Ms. Shannon L. Watson, (202) 366–0702, Office of Safety Programs, Federal Motor Carrier Safety Administration, or Mr. Bryan Price, (412) 395–4816, FMCSA Pennsylvania Division Office. AGENCY: Dated: October 2, 2006. John H. Hill, Administrator. [FR Doc. 06–8514 Filed 10–2–06; 2:13 pm] Petitions for Exemption rwilkins on PROD1PC63 with NOTICES Issued in Washington, DC, on September 22, 2006. Brenda D. Courtney, Acting Director, Office of Rulemaking. BILLING CODE 4910–EX–P Docket No.: FAA–2006–25049. Petitioner: American Airlines, Inc. Section of 14 CFR Affected: 14 CFR 121.619 Description of Relief Sought: To permit American Airlines, Inc. (American), its certificated dispatchers, and its pilots in command to dispatch flights to domestic airports at which for at least 1 hour before and 1 hour after the estimated time of arrival at the destination airport the appropriate weather reports or forecasts, or any combination of them, indicate the ceiling may be reduced from at least 2,000 feet to 1,000 feet above the airport elevation and visibility may be increased from at least 2 miles to 3 miles. If this exemption is granted, VerDate Aug<31>2005 14:45 Oct 03, 2006 Jkt 211001 DEPARTMENT OF TRANSPORTATION National Highway Traffic Safety Administration [Docket No. NHTSA–2006–25975; Notice 1] American Honda Motor Co., Inc., Receipt of Petition for Decision of Inconsequential Noncompliance American Honda Motor Co., Inc. (Honda) has determined that the certification labels for certain Pilot trucks that it produced in 2006 do not comply with S5.3 of 49 CFR 571.120, Federal Motor Vehicle Safety Standard (FMVSS) No. 120, ‘‘Tire selection and rims for motor vehicles other than PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 passenger cars.’’ Honda has filed an appropriate report pursuant to 49 CFR part 573, ‘‘Defect and Noncompliance Reports.’’ Pursuant to 49 U.S.C. 30118(d) and 30120(h), Honda has petitioned for an exemption from the notification and remedy requirements of 49 U.S.C. Chapter 301 on the basis that this noncompliance is inconsequential to motor vehicle safety. This notice of receipt of Honda’s petition is published under 49 U.S.C. 30118 and 30120 and does not represent any agency decision or other exercise of judgment concerning the merits of the petition. Affected are a total of approximately 23,000 model year 2006 and 2007 Honda Pilot trucks produced between February 17, 2006 and August 10, 2006. S5.3.2 of FMVSS No. 120 requires that the vehicles shall show the size designation appropriate for the tires. The noncompliant vehicles have certification labels stating that the rim size is 6 inches, when in fact the rim size is 16 inches. Honda has corrected the problem that caused these errors so that they will not be repeated in future production. Honda believes that the noncompliance is inconsequential to motor vehicle safety and that no corrective action is warranted. Honda presents the following basis for its petition: First, most vehicle owners, dealers, and tire service technicians would refer to the vehicles’ existing tires and/or the separate Tire Placard to determine the appropriate size for a replacement tire rather than to the Certification Label. Second, if the vehicle owner, dealer or tire service technician read the incorrect rim size on the Certification Label, it would be obvious that a full size vehicle could not use 6 inch wheels. Third, the tire size is listed correctly on the Certification Label. Fourth, the owner’s manual contains the correct rim size information. Fifth, the correct rim size is cast into the wheel itself. Interested persons are invited to submit written data, views, and arguments on this petition. Comments must refer to the docket and notice number cited at the beginning of this notice and be submitted by any of the following methods. Mail: Docket Management Facility, U.S. Department of Transportation, Nassif Building, Room PL–401, 400 Seventh Street, SW., Washington, DC 20590–0001. Hand Delivery: Room PL–401 on the plaza level of the Nassif Building, 400 Seventh Street, SW., Washington, DC. It is requested, but not required, that two copies of the comments be provided. The Docket Section is open on E:\FR\FM\04OCN1.SGM 04OCN1

Agencies

[Federal Register Volume 71, Number 192 (Wednesday, October 4, 2006)]
[Notices]
[Pages 58659-58660]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-16389]


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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Summary Notice No. PE-2006-32]


Petitions for Exemption; Summary of Petitions Received

AGENCY: Federal Aviation Administration (FAA), DOT.

ACTION: Notice of petitions for exemption received

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SUMMARY: Pursuant to FAA's rulemaking provisions governing the 
application, processing, and disposition of petitions for exemption 
part 11 of Title 14, Code of Federal Regulations (14 CFR), this notice 
contains a summary of certain petitions seeking relief from specified 
requirements of 14 CFR. The purpose of this notice is to improve the 
public's awareness of, and participation in, this aspect of FAA's 
regulatory activities. Neither publication of this notice nor the 
inclusion or omission of information in the summary is intended to 
affect the legal status of any petition or its final disposition.

[[Page 58660]]


DATES: Comments on petitions received must identify the petition docket 
number involved and must be received on or before October 24, 2006.

ADDRESSES: You may submit comments [identified by DOT DMS Docket Number 
FAA-2006-25049] by any of the following methods:
     Web site: https://dms.dot.gov. Follow the instructions for 
submitting comments on the DOT electronic docket site.
     Fax: 1-202-493-2251.
     Mail: Docket Management Facility; U.S. Department of 
Transportation, 400 Seventh Street, SW., Nassif Building, Room PL-401, 
Washington, DC 20590-001.
     Hand Delivery: Room PL-401 on the plaza level of the 
Nassif Building, 400 Seventh Street, SW., Washington, DC, between 9 
a.m. and 5 p.m., Monday through Friday, except Federal Holidays.
    Docket: For access to the docket to read background documents or 
comments received, go to https://dms.dot.gov at any time or to Room PL-
401 on the plaza level of the Nassif Building, 400 Seventh Street, SW., 
Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, 
except Federal Holidays.

FOR FURTHER INFORMATION CONTACT: Tim Adams (202) 267-8033, Sandy 
Buchanan-Sumter (202) 267-7271, or John Linsenmeyer (202) 267-5174, 
Office of Rulemaking (ARM-1), Federal Aviation Administration, 800 
Independence Avenue, SW., Washington, DC 20591. This notice is 
published pursuant to 14 CFR 11.85 and 11.91.

    Issued in Washington, DC, on September 22, 2006.
Brenda D. Courtney,
Acting Director, Office of Rulemaking.

Petitions for Exemption

    Docket No.: FAA-2006-25049.
    Petitioner: American Airlines, Inc.
    Section of 14 CFR Affected: 14 CFR 121.619
    Description of Relief Sought:
    To permit American Airlines, Inc. (American), its certificated 
dispatchers, and its pilots in command to dispatch flights to domestic 
airports at which for at least 1 hour before and 1 hour after the 
estimated time of arrival at the destination airport the appropriate 
weather reports or forecasts, or any combination of them, indicate the 
ceiling may be reduced from at least 2,000 feet to 1,000 feet above the 
airport elevation and visibility may be increased from at least 2 miles 
to 3 miles. If this exemption is granted, American will maintain at 
least a Category I approach authorization and the intended destination 
airport must have at least one operational Category I Instrument 
Landing System.

 [FR Doc. E6-16389 Filed 10-3-06; 8:45 am]
BILLING CODE 4910-13-P