Gulf Opportunity Pilot Loan Program (GO Loan Pilot), 53617 [E7-18520]

Download as PDF Federal Register / Vol. 72, No. 181 / Wednesday, September 19, 2007 / Notices pursuant to Section 19(b)(3)(A)(ii) of the Act 9 and Rule 19b–4(f)(2) thereunder,10 because it establishes or changes a due, fee or other charge imposed by the Exchange. Accordingly, the proposal will take effect upon filing with the Commission. At any time within 60 days of the filing of the proposed rule change the Commission may summarily abrogate such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: rwilkins on PROD1PC63 with NOTICES Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an e-mail to rulecomments@sec.gov. Please include File Number SR–Phlx–2007–65 on the subject line. Paper Comments • Send paper comments in triplicate to Nancy M. Morris, Secretary, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–Phlx–2007–65. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet Web site (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for inspection and copying in the Commission’s Public Reference Room. 100 F Street, NE., Washington, DC 20549, on official business days 9 15 16:58 Sep 18, 2007 For the Commission, by the Division of Market Regulation, pursuant to delegated authority.11 Florence E. Harmon, Deputy Secretary. [FR Doc. E7–18416 Filed 9–18–07; 8:45 am] BILLING CODE 8010–01–P SMALL BUSINESS ADMINISTRATION Gulf Opportunity Pilot Loan Program (GO Loan Pilot) U.S. Small Business Administration (SBA). ACTION: Notice of extension of waiver of regulatory provisions. AGENCY: SUMMARY: This notice announces the extension of the ‘‘Notice of waiver of regulatory provisions’’ for SBA’s GO Loan Pilot until September 30, 2008. Due to the scope and magnitude of the devastation to Presidentially-declared disaster areas resulting from Hurricanes Katrina and Rita, the Agency is extending its full guaranty and streamlined and centralized loan processing available through the GO Loan Pilot to the small businesses in the eligible parishes/counties through September 30, 2008. DATES: The waiver of regulatory provisions published in the Federal Register on November 17, 2005, is extended under this notice until September 30, 2008. FOR FURTHER INFORMATION CONTACT: Charles Thomas, Office of Financial Assistance, U.S. Small Business Administration, 409 Third Street, SW., Washington, DC 20416; Telephone (202) 205–6490; charles.thomas@sba.gov. SUPPLEMENTARY INFORMATION: On November 8, 2005, SBA initiated, on an emergency basis, the GO Loan Pilot which was designed to provide expedited small business financial assistance to businesses located in those communities severely impacted by Hurricanes Katrina and Rita. Under this unique initiative, SBA provides its full (85%) guaranty and streamlined and centralized loan processing to all eligible lenders that agree to make expedited SBA 7(a) loans available to small businesses located in, locating to or re-locating in the parishes/counties that have been Presidentially-declared as disaster areas resulting from Hurricanes Katrina and Rita, plus any contiguous parishes/counties. To maximize the effectiveness of the GO Loan Pilot, on November 17, 2005, SBA published a notice in the Federal Register waiving for the GO Loan Pilot certain Agency regulations for the 7(a) Business Loan Program. (70 FR 69645). Since the pilot was designed as a temporary program scheduled to expire on September 30, 2006, and was extended to September 30, 2007, the waiver of certain Agency regulations also is due to expire on September 30, 2007. However, the Agency believes that there is a continuing, substantial need for the specific SBA assistance provided by this pilot in the affected areas. As part of a comprehensive federal initiative to assist in the continuing recovery of these highly devastated communities, the Agency believes it is essential that SBA extend this unique and vital program through September 30, 2008. Accordingly, the SBA is also extending its waiver of the certain Agency regulations identified in the Federal Register notice at 70 FR 69645 through September 30, 2008. SBA’s waiver of these provisions is authorized by regulations. These waivers apply only to those loans approved under the GO Loan Pilot and will last only for the duration of the Pilot, which expires September 30, 2008. As part of the GO Loan Pilot, these waivers apply only to those small businesses located in, locating to or relocating in the parishes/counties that have been Presidentially-declared as disaster areas resulting from Hurricanes Katrina or Rita, plus any contiguous parishes/counties. (A list of all eligible parishes/counties is located at https:// www.sba.gov/idc/groups/public/ documents/sba_homepage/ serv_goloan_3.pdf.) Authority: 15 U.S.C. 636(a)(24); 13 CFR 120.3. Michael W. Hager, Associate Administrator, Office of Capital Access. [FR Doc. E7–18520 Filed 9–18–07; 8:45 am] BILLING CODE 8025–01–P U.S.C. 78s(b)(3)(A)(ii). CFR 240.19b–4(f)(2). 10 17 VerDate Aug<31>2005 between the hours of 10 a.m. and 3 p.m. Copies of such filing also will be available for inspection and copying at the principal office of the Phlx. All comments received will be posted without change; the Commission does not edit personal identifying information from submissions. You should submit only information that you wish to make available publicly. All submissions should refer to File Number SR–Phlx–2007–65 and should be submitted on or before October 10, 2007. 11 17 Jkt 211001 PO 00000 CFR 200.30–3(a)(12). Frm 00096 Fmt 4703 Sfmt 4703 53617 E:\FR\FM\19SEN1.SGM 19SEN1

Agencies

[Federal Register Volume 72, Number 181 (Wednesday, September 19, 2007)]
[Notices]
[Page 53617]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-18520]


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SMALL BUSINESS ADMINISTRATION


Gulf Opportunity Pilot Loan Program (GO Loan Pilot)

AGENCY: U.S. Small Business Administration (SBA).

ACTION: Notice of extension of waiver of regulatory provisions.

-----------------------------------------------------------------------

SUMMARY: This notice announces the extension of the ``Notice of waiver 
of regulatory provisions'' for SBA's GO Loan Pilot until September 30, 
2008. Due to the scope and magnitude of the devastation to 
Presidentially-declared disaster areas resulting from Hurricanes 
Katrina and Rita, the Agency is extending its full guaranty and 
streamlined and centralized loan processing available through the GO 
Loan Pilot to the small businesses in the eligible parishes/counties 
through September 30, 2008.

DATES: The waiver of regulatory provisions published in the Federal 
Register on November 17, 2005, is extended under this notice until 
September 30, 2008.

FOR FURTHER INFORMATION CONTACT: Charles Thomas, Office of Financial 
Assistance, U.S. Small Business Administration, 409 Third Street, SW., 
Washington, DC 20416; Telephone (202) 205-6490; charles.thomas@sba.gov.

SUPPLEMENTARY INFORMATION: On November 8, 2005, SBA initiated, on an 
emergency basis, the GO Loan Pilot which was designed to provide 
expedited small business financial assistance to businesses located in 
those communities severely impacted by Hurricanes Katrina and Rita. 
Under this unique initiative, SBA provides its full (85%) guaranty and 
streamlined and centralized loan processing to all eligible lenders 
that agree to make expedited SBA 7(a) loans available to small 
businesses located in, locating to or re-locating in the parishes/
counties that have been Presidentially-declared as disaster areas 
resulting from Hurricanes Katrina and Rita, plus any contiguous 
parishes/counties.
    To maximize the effectiveness of the GO Loan Pilot, on November 17, 
2005, SBA published a notice in the Federal Register waiving for the GO 
Loan Pilot certain Agency regulations for the 7(a) Business Loan 
Program. (70 FR 69645). Since the pilot was designed as a temporary 
program scheduled to expire on September 30, 2006, and was extended to 
September 30, 2007, the waiver of certain Agency regulations also is 
due to expire on September 30, 2007. However, the Agency believes that 
there is a continuing, substantial need for the specific SBA assistance 
provided by this pilot in the affected areas. As part of a 
comprehensive federal initiative to assist in the continuing recovery 
of these highly devastated communities, the Agency believes it is 
essential that SBA extend this unique and vital program through 
September 30, 2008. Accordingly, the SBA is also extending its waiver 
of the certain Agency regulations identified in the Federal Register 
notice at 70 FR 69645 through September 30, 2008.
    SBA's waiver of these provisions is authorized by regulations. 
These waivers apply only to those loans approved under the GO Loan 
Pilot and will last only for the duration of the Pilot, which expires 
September 30, 2008. As part of the GO Loan Pilot, these waivers apply 
only to those small businesses located in, locating to or re-locating 
in the parishes/counties that have been Presidentially-declared as 
disaster areas resulting from Hurricanes Katrina or Rita, plus any 
contiguous parishes/counties. (A list of all eligible parishes/counties 
is located at https://www.sba.gov/idc/groups/public/documents/sba_
homepage/serv_goloan_3.pdf.)

    Authority: 15 U.S.C. 636(a)(24); 13 CFR 120.3.

Michael W. Hager,
Associate Administrator, Office of Capital Access.
 [FR Doc. E7-18520 Filed 9-18-07; 8:45 am]
BILLING CODE 8025-01-P
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