Patriot Express Pilot Loan Initiative, 34501-34502 [E7-12099]
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Federal Register / Vol. 72, No. 120 / Friday, June 22, 2007 / Notices
a minimum increment of $.10, and
options quoting under $3.00 have a
minimum increment of $.05.7 Currently,
when a price-improved P/A Order is
returned at a price other than the
appropriate minimum trading
increment, the Phlx specialist executes
the customer order on the book at the
price most favorable to the customer at
the allowable minimum increment.
Phlx has proposed to eliminate this
anomaly by providing that a P/A Order
that has been sent from the Exchange to,
and price-improved on, another
exchange at a price expressed in other
than the appropriate minimum trading
increment, and then submitted to the
Exchange for execution against the
original customer limit order that gave
rise to the P/A Order, may be traded on
the Exchange at such price. Such orders
would be ineligible for automatic
execution and would instead be
handled manually by the specialist.
The Commission believes that the
proposed rule change is consistent with
the Act and would provide a
mechanism for the accurate execution of
customer limit orders at improved
prices.
It is therefore ordered, pursuant to
Section 19(b)(2) of the Act,8 that the
proposed rule change (SR–Phlx–2007–
26), as modified by Amendment No. 1,
be, and hereby is, approved.
For the Commission, by the Division of
Market Regulation, pursuant to delegated
authority.9
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7–12093 Filed 6–21–07; 8:45 am]
BILLING CODE 8010–01–P
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #10897 and #10898]
Connecticut Disaster #CT–00008
U.S. Small Business
Administration.
ACTION: Notice.
AGENCY:
This is a Notice of the
Presidential declaration of a major
disaster for the State of Connecticut
(FEMA–1700–DR), dated 06/13/2007.
Incident: Severe Storms and Flooding.
Incident Period: 4/15/2007 through 4/
27/2007.
Effective Date: 6/13/2007.
rwilkins on PROD1PC63 with NOTICES
SUMMARY:
7 Options subject to the current ‘‘penny pilot’’
may be quoted and traded in increments as low as
$.01. See Securities Exchange Act Release No.
55153 (January 23, 2007), 72 FR 4553 (January 31,
2007) (SR–Phlx–2006–74).
8 15 U.S.C. 78s(b)(2).
9 17 CFR 200.30–3(a)(12).
VerDate Aug<31>2005
16:51 Jun 21, 2007
Jkt 211001
Physical Loan Application Deadline
Date: 8/13/2007.
Economic Injury (EIDL) Loan
Application Deadline Date: 3/13/2008.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing And
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
President’s major disaster declaration on
06/13/2007, 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 (Physical Damage and
Economic Injury Loans):
Fairfield, Hartford, Litchfield,
Middlesex, New Haven, New
London, Windham
Contiguous Counties (Economic Injury
Loans Only):
Connecticut: Tolland.
Massachusetts: Berkshire, Hampden,
Worcester
New York: Dutchess, Putnam,
Westchester
Rhode Island: Kent, Providence,
Washington
The Interest Rates are:
For Physical Damage:
Homeowners With Credit Available Elsewhere ......................
Homeowners Without Credit
Available Elsewhere ..............
Businesses With Credit Available Elsewhere ......................
Other (Including Non-Profit Organizations)
With
Credit
Available Elsewhere ..............
Businesses And Non-Profit Organizations Without Credit
Available Elsewhere ..............
For Economic Injury:
Businesses & Small Agricultural
Cooperatives Without Credit
Available Elsewhere ..............
4.000
4.000
(Catalog of Federal Domestic Assistance
Numbers 59002 and 59008)
Herbert L. Mitchell,
Associate Administrator for Disaster
Assistance.
[FR Doc. E7–12100 Filed 6–21–07; 8:45 am]
PO 00000
Frm 00076
Fmt 4703
Sfmt 4703
SMALL BUSINESS ADMINISTRATION
[Disaster Declaration #10903]
Maine Disaster #ME–00009;
Declaration of Economic Injury
Small Business Administration.
Notice.
AGENCY:
ACTION:
SUMMARY: This is a notice of an
Economic Injury Disaster Loan (EIDL)
declaration for the State of Maine, dated
6/14/2007.
Incident: Nor’easter Storms and
Flooding.
Incident Period: 4/15/2007 through
4/23/2007.
Effective Date: 6/14/2007.
EIDL Loan Application Deadline Date:
3/14/2008.
ADDRESSES: Submit completed loan
applications to: U.S. Small Business
Administration, Processing And
Disbursement Center, 14925 Kingsport
Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance,
U.S. Small Business Administration,
409 3rd Street, SW., Suite 6050,
Washington, DC 20416.
SUPPLEMENTARY INFORMATION: Notice is
hereby given that as a result of the
Administrator’s EIDL declaration,
applications for economic injury
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
Percent
the disaster:
Primary Counties:
Hancock, Somerset, Washington.
5.750 Contiguous Counties:
Maine: Aroostook, Franklin,
2.875
Kennebec, Penobscot, Piscataquis,
Waldo.
8.000
The Interest Rate is: 4.000.
The number assigned to this disaster
5.250 for economic injury is 109030.
The State which received an EIDL
Declaration # is Maine.
The number assigned to this disaster for
physical damage is 108976 and for economic
injury is 108980.
BILLING CODE 8025–01–P
34501
(Catalog of Federal Domestic Assistance
Number 59002)
Dated: June 14, 2007.
Steven C. Preston,
Administrator.
[FR Doc. E7–12101 Filed 6–21–07; 8:45 am]
BILLING CODE 8025–01–P
SMALL BUSINESS ADMINISTRATION
Patriot Express Pilot Loan Initiative
U.S. Small Business
Administration (SBA).
AGENCY:
E:\FR\FM\22JNN1.SGM
22JNN1
34502
Federal Register / Vol. 72, No. 120 / Friday, June 22, 2007 / Notices
Notice of SBA’s establishment
of the Patriot Express Pilot Loan
Initiative.
rwilkins on PROD1PC63 with NOTICES
ACTION:
SUMMARY: To support the
entrepreneurial sector of the Nation’s
military community that are being
significantly affected by what is
expected to be a protracted war on
terror, SBA is introducing a 7(a) pilot
loan initiative to provide needed
financial assistance to these
entrepreneurs. Under this initiative,
which will operate as a pilot through
December 31, 2010, SBA will provide
streamlined documentation and
expedited loan processing and its 75–85
percent guaranty for loans up to
$500,000 made to eligible members of
the military community.
DATES: The Patriot Express Pilot Loan
Initiative will operate through December
31, 2010, after which the SBA will
evaluate its performance and make a
decision whether to modify and/or
continue the initiative.
FOR FURTHER INFORMATION CONTACT:
Charles Thomas, Office of Financial
Assistance, U.S. Small Business
Administration, 409 Third Street, SW.,
Washington, DC 20416; Telephone (202)
205–6656; charles.thomas@sba.gov.
SUPPLEMENTARY INFORMATION: Under the
Patriot Express Pilot Loan Initiative,
SBA is implementing a 7(a) loan
product targeted to the small business
financing needs of the military
community and is incorporating that
initiative into a comprehensive, new
strategy that integrates, markets and
promotes SBA’s available financial,
procurement and technical assistance
programs to this community. The Patriot
Express Pilot Loan Initiative will adopt
many of the streamlined documentation
and expedited processes and procedures
of SBA’s highly successful SBAExpress
loan program; however, there will be
several critical differences. SBA’s
guaranty of up to 85 percent will apply
to Patriot Express loans of $150,000 or
less and its guaranty of up to 75 percent
will apply to Patriot Express loans
above $150,000, which contrasts with
the 50 percent SBA guaranty that is
applicable to all SBAExpress loans.
Also, the maximum loan amount under
the Patriot Express Pilot Loan Initiative
is $500,000, compared to the maximum
loan amount of $350,000 available
under the SBAExpress loan program.
Lenders must use their existing prudent
collateral practices for Patriot Express
loans. For loans above $350,000, lenders
must obtain all available collateral.
Maximum interest rates for Patriot
Express loans are the same as those
allowed under SBA regulations for the
VerDate Aug<31>2005
16:51 Jun 21, 2007
Jkt 211001
7(a) program, as opposed to the higher
interest rates allowed under the
SBAExpress program.
In addition to the standard 7(a) loan
eligibility requirements, eligibility for
Patriot Express loans will be limited to
certain members of the military
community, and lenders will be
required to document each borrower’s
eligibility using approved Department of
Defense or Veterans’ Administration
documentation and that documentation
must be furnished to SBA with any
purchase request. In an effort to support
a substantial segment of the military
community affected by military callups, SBA is making the following
persons eligible for Patriot Express: (1)
Veterans (other than dishonorably
discharged); (2) Service-disabled
veterans; (3) Active-duty military
participating in the military’s Transition
Assistance Program for potential retirees
within 24 months of separation and
discharging active duty members within
12 months of discharge; (4) Reservists
and National Guard members; and (5)
The current spouse of the above and the
widowed spouse of a service member or
veteran who died during service or of a
service-connected disability. However,
SBA emphasizes that this definition of
eligibility for the Patriot Express Pilot
Loan Initiative will be limited to just
Patriot Express 7(a) loans, and it will
not apply to other SBA loan programs,
procurement programs, etc. Lender
participants in the Patriot Express Pilot
Loan Initiative will be limited to
SBAExpress lenders and PLP lenders,
which must meet certain SBA
prescribed proficiency and performance
standards. Lenders that are not either
PLP or SBAExpress lenders may apply
to participate in SBAExpress and Patriot
Express at the same time. Additionally,
Patriot Express lenders must maintain a
satisfactory lending performance as
determined by SBA, in its sole
discretion, to retain authority to make
Patriot Express loans.
Pursuant to the authority provided to
SBA under 13 CFR 120.3 to waive
certain regulations in establishing and
testing pilot loan initiatives for some
stated period of time, SBA will waive
the following regulations, which
otherwise apply to 7(a) loans, for loans
made under the Patriot Express Pilot
Loan Initiative only: (1) § 120.130(c),
which prohibits revolving lines of
credit, is waived in order to allow
revolving lines of credit under the
Patriot Express Pilot Loan Initiative; (2)
§ 120.150, which specifies certain credit
criteria, is waived in order for SBA to
delegate the credit decision to the
lender, but lenders are still required to
use their existing, proven, and prudent
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
loan practices used for similarly sized
non SBA guaranteed small business
loans; (3) § 120.160(b) and (c), which
require hazard insurance and appraisals
is waived and SBA will defer to the
lender’s existing, prudent policy used
for its similarly sized non-SBA
guaranteed small business loans
regarding hazard insurance and
appraisals; and (4) § 120.191, which
specifies the information a 7(a) loan
application must include is waived to
allow lenders to use mostly their own
documents consistent with the
documentation requirements for
SBAExpress loans.
Authority: 13 CFR 120.3
Grady B. Hedgespeth,
Director/Office of Financial Assistance.
[FR Doc. E7–12099 Filed 6–21–07; 8:45 am]
BILLING CODE 8025–01–P
DEPARTMENT OF STATE
[Public Notice 5843]
Culturally Significant Objects Imported
for Exhibition Determinations:
‘‘Consuming Passion: Fragonard
Allegories of Love’’
SUMMARY: Notice is hereby given of the
following determinations: Pursuant to
the authority vested in me by the Act of
October 19, 1965 (79 Stat. 985; 22 U.S.C.
2459), Executive Order 12047 of March
27, 1978, the Foreign Affairs Reform and
Restructuring Act of 1998 (112 Stat.
2681, et seq.; 22 U.S.C. 6501 note, et
seq.), Delegation of Authority No. 234 of
October 1, 1999, Delegation of Authority
No. 236 of October 19, 1999, as
amended, and Delegation of Authority
No. 257 of April 15, 2003 [68 FR 19875],
I hereby determine that the objects to be
included in the exhibition ‘‘Consuming
Passion: Fragonard’s Allegories of
Love’’, imported from abroad for
temporary exhibition within the United
States, are of cultural significance. The
objects are imported pursuant to loan
agreements with the foreign owners or
custodians. I also determine that the
exhibition or display of the exhibit
objects at the Sterling and Francine
Clark Art Institute, Williamstown,
Massachusetts, from on or about
October 28, 2007, until on or about
January 21, 2008, and at the J. Paul
Getty Museum, Los Angeles, California,
from on or about February 12, 2008,
until on or about May 4, 2008, and at
possible additional exhibitions or
venues yet to be determined, is in the
national interest. Public Notice of these
Determinations is ordered to be
published in the Federal Register.
E:\FR\FM\22JNN1.SGM
22JNN1
]]>Agencies
[Federal Register Volume 72, Number 120 (Friday, June 22, 2007)]
[Notices]
[Pages 34501-34502]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-12099]
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
Patriot Express Pilot Loan Initiative
AGENCY: U.S. Small Business Administration (SBA).
[[Page 34502]]
ACTION: Notice of SBA's establishment of the Patriot Express Pilot Loan
Initiative.
-----------------------------------------------------------------------
SUMMARY: To support the entrepreneurial sector of the Nation's military
community that are being significantly affected by what is expected to
be a protracted war on terror, SBA is introducing a 7(a) pilot loan
initiative to provide needed financial assistance to these
entrepreneurs. Under this initiative, which will operate as a pilot
through December 31, 2010, SBA will provide streamlined documentation
and expedited loan processing and its 75-85 percent guaranty for loans
up to $500,000 made to eligible members of the military community.
DATES: The Patriot Express Pilot Loan Initiative will operate through
December 31, 2010, after which the SBA will evaluate its performance
and make a decision whether to modify and/or continue the initiative.
FOR FURTHER INFORMATION CONTACT: Charles Thomas, Office of Financial
Assistance, U.S. Small Business Administration, 409 Third Street, SW.,
Washington, DC 20416; Telephone (202) 205-6656; charles.thomas@sba.gov.
SUPPLEMENTARY INFORMATION: Under the Patriot Express Pilot Loan
Initiative, SBA is implementing a 7(a) loan product targeted to the
small business financing needs of the military community and is
incorporating that initiative into a comprehensive, new strategy that
integrates, markets and promotes SBA's available financial, procurement
and technical assistance programs to this community. The Patriot
Express Pilot Loan Initiative will adopt many of the streamlined
documentation and expedited processes and procedures of SBA's highly
successful SBAExpress loan program; however, there will be several
critical differences. SBA's guaranty of up to 85 percent will apply to
Patriot Express loans of $150,000 or less and its guaranty of up to 75
percent will apply to Patriot Express loans above $150,000, which
contrasts with the 50 percent SBA guaranty that is applicable to all
SBAExpress loans. Also, the maximum loan amount under the Patriot
Express Pilot Loan Initiative is $500,000, compared to the maximum loan
amount of $350,000 available under the SBAExpress loan program. Lenders
must use their existing prudent collateral practices for Patriot
Express loans. For loans above $350,000, lenders must obtain all
available collateral. Maximum interest rates for Patriot Express loans
are the same as those allowed under SBA regulations for the 7(a)
program, as opposed to the higher interest rates allowed under the
SBAExpress program.
In addition to the standard 7(a) loan eligibility requirements,
eligibility for Patriot Express loans will be limited to certain
members of the military community, and lenders will be required to
document each borrower's eligibility using approved Department of
Defense or Veterans' Administration documentation and that
documentation must be furnished to SBA with any purchase request. In an
effort to support a substantial segment of the military community
affected by military call-ups, SBA is making the following persons
eligible for Patriot Express: (1) Veterans (other than dishonorably
discharged); (2) Service-disabled veterans; (3) Active-duty military
participating in the military's Transition Assistance Program for
potential retirees within 24 months of separation and discharging
active duty members within 12 months of discharge; (4) Reservists and
National Guard members; and (5) The current spouse of the above and the
widowed spouse of a service member or veteran who died during service
or of a service-connected disability. However, SBA emphasizes that this
definition of eligibility for the Patriot Express Pilot Loan Initiative
will be limited to just Patriot Express 7(a) loans, and it will not
apply to other SBA loan programs, procurement programs, etc. Lender
participants in the Patriot Express Pilot Loan Initiative will be
limited to SBAExpress lenders and PLP lenders, which must meet certain
SBA prescribed proficiency and performance standards. Lenders that are
not either PLP or SBAExpress lenders may apply to participate in
SBAExpress and Patriot Express at the same time. Additionally, Patriot
Express lenders must maintain a satisfactory lending performance as
determined by SBA, in its sole discretion, to retain authority to make
Patriot Express loans.
Pursuant to the authority provided to SBA under 13 CFR 120.3 to
waive certain regulations in establishing and testing pilot loan
initiatives for some stated period of time, SBA will waive the
following regulations, which otherwise apply to 7(a) loans, for loans
made under the Patriot Express Pilot Loan Initiative only: (1) Sec.
120.130(c), which prohibits revolving lines of credit, is waived in
order to allow revolving lines of credit under the Patriot Express
Pilot Loan Initiative; (2) Sec. 120.150, which specifies certain
credit criteria, is waived in order for SBA to delegate the credit
decision to the lender, but lenders are still required to use their
existing, proven, and prudent loan practices used for similarly sized
non SBA guaranteed small business loans; (3) Sec. 120.160(b) and (c),
which require hazard insurance and appraisals is waived and SBA will
defer to the lender's existing, prudent policy used for its similarly
sized non-SBA guaranteed small business loans regarding hazard
insurance and appraisals; and (4) Sec. 120.191, which specifies the
information a 7(a) loan application must include is waived to allow
lenders to use mostly their own documents consistent with the
documentation requirements for SBAExpress loans.
Authority: 13 CFR 120.3
Grady B. Hedgespeth,
Director/Office of Financial Assistance.
[FR Doc. E7-12099 Filed 6-21-07; 8:45 am]
BILLING CODE 8025-01-P
