Small Business Energy Efficiency Program, 61665-61666 [E8-24599]
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Federal Register / Vol. 73, No. 202 / Friday, October 17, 2008 / Rules and Regulations
§ 1291.2 Required annual AHP
contributions; allocation of contributions.
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(b) * * *
(2) Homeownership set-aside
programs—(i) Allocation amount; firsttime homebuyers. (A) A Bank, in its
discretion, may set aside annually, in
the aggregate, up to the greater of $4.5
million or 35 percent of the Bank’s
annual required AHP contribution to
provide funds to members participating
in homeownership set-aside programs,
including a mortgage refinancing setaside program established under
paragraph (f) of this section, pursuant to
the requirements of this part.
(B) If a Bank sets aside funds solely
for homeownership set-aside programs
other than a mortgage refinancing
program established under paragraph (f)
of this section, at least one-third of the
Bank’s aggregate annual set-aside
allocation to such programs shall be to
assist first-time homebuyers.
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*
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■ 8. Amend § 1291.6 by adding
paragraph (f) to read as follows:
§ 1291.6 Homeownership set-aside
programs.
jlentini on PROD1PC65 with RULES
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(f) Mortgage refinancing program—(1)
General. A Bank may establish a
homeownership set-aside program for
the use of AHP direct subsidy by its
members to assist in the refinancing of
a household’s mortgage loan, provided
such program meets the requirements of
this paragraph (f) and otherwise meets
the requirements of part 1291. The
provisions of paragraphs (c)(2)(ii),
(c)(2)(iii), and (c)(4) through (c)(8) of
this section, shall not apply to such
program.
(2) Eligible loans. A loan is eligible to
be refinanced with AHP direct subsidy
if the loan is secured by a first mortgage
on an owner-occupied unit that is the
primary residence of the household, and
the loan is refinanced under the Federal
Housing Administration’s (FHA) HOPE
for Homeowners Program established
pursuant to Title IV of the Housing and
Economic Recovery Act of 2008 and
thereby meets all applicable
underwriting requirements and other
standards under Title II of the National
Housing Act, as amended by Title IV (12
U.S.C. 1707 et seq.).
(3) Eligible uses of AHP direct
subsidy. Members may provide the AHP
direct subsidy to:
(i) Reduce the outstanding principal
balance of the loan below the maximum
loan-to-value ratio required under the
HOPE for Homeowners Program in
order to make the refinanced loan
affordable to the household by enabling
VerDate Aug<31>2005
17:16 Oct 16, 2008
Jkt 217001
the household to meet the HOPE for
Homeowners Program’s debt-to-income
standards for a low-or moderate-income
household; or
(ii) Pay FHA-approved loan closing
costs.
(4) Eligible lender participants. A
Bank may provide the AHP direct
subsidy to members that are FHAapproved lenders for the purpose of
refinancing an eligible loan with an
FHA-insured loan by the member, or, in
the Bank’s discretion, to members that
provide the subsidy to FHA-approved
lenders that are not members of the
Bank for the purpose of refinancing an
eligible loan if, after consulting with the
Bank’s Advisory Council, the Bank
determines that such action would be in
the best interests of borrowers in the
Bank’s district.
(5) Sunset. (i) This paragraph (f) shall
expire on July 30, 2010, and a Bank may
not commit AHP subsidy to households
under its refinancing program after such
date.
(ii) A lender may use the AHP subsidy
committed by such date for a loan
submitted to the FHA for approval on or
before July 30, 2010 that is approved for
refinancing under the HOPE for
Homeowners Program after such date.
■ 9. Amend § 1291.7 by:
■ a. In paragraph (b)(1)(ii), adding ‘‘and
§ 1291.6(f)’’ after ‘‘§ 1291.6(c)’’; and
■ b. In paragraph (b)(2)(i), adding ‘‘and
§ 1291.6(f)’’ after ‘‘§ 1291.6(c)’’.
■ 10. In newly redesignated § 1291.11,
revise all references to ‘‘Board of
Directors’’ to read ‘‘Director’’.
Dated: October 7, 2008.
James B. Lockhart III,
Director, Federal Housing Finance Agency.
[FR Doc. E8–24320 Filed 10–16–08; 8:45 am]
BILLING CODE 8070–01–P
SMALL BUSINESS ADMINISTRATION
13 CFR Part 101
RIN 3245–AF75
Small Business Energy Efficiency
Program
Small Business Administration.
Direct final rule; comment
AGENCY:
ACTION:
request.
SUMMARY: The U.S. Small Business
Administration (SBA or Administration)
is establishing a government-wide
program that builds on the Energy Star
for Small Business Program, and is
located at https://www.sba.gov/energy.
This rule is promulgated to comply with
a provision of the Energy Independence
and Security Act of 2007.
PO 00000
Frm 00009
Fmt 4700
Sfmt 4700
61665
This rule is effective December 1,
2008, without further action, unless
SBA receives a significant adverse
comment by November 17, 2008. If SBA
receives any significant adverse
comments, SBA will publish a timely
withdrawal of this rule in the Federal
Register.
ADDRESSES: You may submit comments,
identified by RIN: 3245–AF75, by any of
the following methods:
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting documents.
• Mail, for paper, disk, or CD–ROM
submissions: Kathryn Holt, Analyst,
Office of Policy and Strategic Planning,
Office of the Administrator, 409 Third
Street, SW., Mail Code 2150,
Washington, DC 20416.
• Hand Delivery/Courier: Kathryn
Holt, Analyst, Office of Policy and
Strategic Planning, Office of the
Administrator, 409 Third Street, SW.,
Mail Stop 2150, Washington, DC 20416.
SBA will post all comments on
https://www.regulations.gov. If you wish
to submit confidential business
information (CBI) as defined in the User
Notice at https://www.regulations.gov,
please submit the information to
Kathryn Holt, Analyst, Office of Policy
and Strategic Planning, Office of the
Administrator, 409 Third Street, SW.,
Mail Stop 2150, Washington, DC 20416,
or send an e-mail to
kathryn.holt@sba.gov. Highlight the
information that you consider to be CBI
and explain why you believe SBA
should hold this information as
confidential. SBA will review the
information and make its final
determination of whether it will publish
the information or not.
FOR FURTHER INFORMATION CONTACT:
Kathryn Holt, Analyst, Office of Policy
and Strategic Planning, Office of the
Administrator, 409 Third Street, SW.,
Mail Stop 2150, Washington, DC 20416
or kathryn.holt@sba.gov.
SUPPLEMENTARY INFORMATION: The
Administration has developed and
coordinated a Government-wide
program, building on the Energy Star for
Small Business Program, to assist small
business concerns in: Becoming more
energy efficient, understanding the cost
savings from improved energy
efficiency, and identifying financing
options for energy efficiency upgrades.
This rule is promulgated to comply with
the Energy Independence and Security
Act of 2007, § 1203(b). (15 U.S.C. 657h).
The program was developed and
coordinated in consultation with the
Secretary of the Department of Energy
and the Administrator of the
Environmental Protection Agency, and
DATES:
E:\FR\FM\17OCR1.SGM
17OCR1
61666
Federal Register / Vol. 73, No. 202 / Friday, October 17, 2008 / Rules and Regulations
in cooperation with entities the
Administration has considered
appropriate, for example, industry trade
associations, industry members, and
energy efficiency organizations.
The Administration is making
available the information and materials
developed under the program to small
business concerns, including smaller
design, engineering, and construction
firms, and other Federal programs for
energy efficiency, such as the Energy
Star for Small Business Program.
The Administration will develop a
strategy to educate, encourage, and
assist small business concerns in
adopting energy efficient building
fixtures and equipment.
Consideration of Comments
This is a direct final rule, and SBA
will review all comments. SBA believes
that this rule is routine and noncontroversial, and SBA anticipates no
significant adverse comments to this
rulemaking. If SBA receives any
significant adverse comments, it will
publish a timely withdrawal of this
direct final rule.
Paperwork Reduction Act, 44 U.S.C. Ch.
35
SBA has determined that this
proposed rule does not impose
additional reporting or recordkeeping
requirements under the Paperwork
Reduction Act, 44 U.S.C. Chapter 35.
Regulatory Flexibility Act, 5 U.S.C. 601–
612
The Regulatory Flexibility Act (RFA)
5 U.S.C. 601, requires administrative
agencies to consider the effect of their
actions on small entities, small nonprofit enterprises, and small local
governments. Pursuant to the RFA,
when an agency issues a rulemaking,
the agency must prepare a regulatory
flexibility analysis which describes the
impact of the rule on small entities.
However, section 605 of the RFA allows
an agency to certify a rule, in lieu of
preparing an analysis, if the rulemaking
is not expected to have a significant
economic impact on a substantial
number of small entities. Within the
meaning of RFA, SBA certifies that this
rule will not have a significant
economic impact on a substantial
number of small entities.
The Office of Management and Budget
(OMB) has determined that this rule
does not constitute a significant
regulatory action under Executive Order
12866.
List of Subjects in 13 CFR Part 101
Administrative practice and
procedure, Authority delegations
(Government agencies),
Intergovernmental relations,
Investigations, Organization and
functions (Government agencies),
Reporting and recordkeeping
requirements.
■ For the reasons stated in the preamble,
the Small Business Administration
amends 13 CFR part 101 as follows:
Executive Order 12988
PART 101–ADMINISTRATION
This action meets applicable
standards set forth in sections 3(a) and
3(b)(2) of Executive Order 12988, Civil
Justice Reform, to minimize litigation,
eliminate ambiguity, and reduce
burden. The action does not have
retroactive or preemptive effect.
■
Compliance With Executive Orders
12866, 12988, and 13132, the
Paperwork Reduction Act (44 U.S.C.
Ch. 35), and the Regulatory Flexibility
Act (5 U.S.C. 601–612)
Executive Order 12866
Executive Order 13132
jlentini on PROD1PC65 with RULES
program, which is located at https://
www.sba.gov/energy, building on the
Energy Star for Small Business Program,
to assist small business concerns in
becoming more energy efficient,
understanding the cost savings from
improved energy efficiency, and
identifying financing options for energy
efficiency upgrades.
(b) The Program has been developed
and coordinated in consultation with
the Secretary of the Department of
Energy and the Administrator of the
Environmental Protection Agency, and
in cooperation with entities the
Administrator has considered
appropriate, for example, such as
industry trade associations, industry
members, and energy efficiency
organizations. SBA’s Office of Policy
and Strategic Planning will be
responsible for overseeing the program
but will coordinate with the Department
of Energy and EPA.
(c) The Administration is distributing
and making available online, the
information and materials developed
under the program to small business
concerns, including smaller design,
engineering, and construction firms, and
other Federal programs for energy
efficiency, such as the Energy Star for
Small Business Program.
(d) The Administration will develop a
strategy to educate, encourage, and
assist small business concerns in
adopting energy efficient building
fixtures and equipment.
For purposes of E.O. 13132, the SBA
has determined that the rule will not
have substantial, direct effects on the
States, on the relationship between the
national government and the States, or
on the distribution of power and
responsibilities among the various
levels of government. Therefore, for the
purpose of Executive Order 13132,
Federalism, SBA determines that this
proposed rule has no federalism
implications warranting preparation of a
federalism assessment.
VerDate Aug<31>2005
17:16 Oct 16, 2008
Jkt 217001
1. The authority citation for part 101
is revised to read as follows:
Authority: 5 U.S.C. 552 and App. 3, secs.
2, 4(a), 6(a), and 9(a)(1)(T); 15 U.S.C. 633,
634, 687; 31 U.S.C. 6506; 44 U.S.C. 3512; 42
U.S.C. 6307(d); 15 U.S.C. 657h; E.O. 12372
(July 14, 1982), 47 FR 30959, 3 CFR, 1982
Comp., p. 197, as amended by E.O. 12416
(April 8, 1983), 48 FR 15887, 3 CFR, 1983
Comp., p. 186.
2. Amend part 101 by adding Subpart
E to read as follows:
■
Subpart E—Small Business Energy
Efficiency
Sec.
101.500 Small Business Energy Efficiency
Program.
§ 101.500 Small Business Energy
Efficiency Program.
(a) The Administration has developed
and coordinated a Government-wide
PO 00000
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Fmt 4700
Sfmt 4700
Sandy K. Baruah,
Acting Administrator.
[FR Doc. E8–24599 Filed 10–16–08; 8:45 am]
BILLING CODE 8025–01–P
SECURITIES AND EXCHANGE
COMMISSION
17 CFR Part 240
[Release No. 34–58774; File No. S7–08–08]
RIN 3235–AK06
‘‘Naked’’ Short Selling Antifraud Rule
Securities and Exchange
Commission.
ACTION: Final rule.
AGENCY:
SUMMARY: The Securities and Exchange
Commission (‘‘Commission’’) is
adopting an antifraud rule under the
Securities Exchange Act of 1934
(‘‘Exchange Act’’) to address fails to
deliver securities that have been
associated with ‘‘naked’’ short selling.
The rule will further evidence the
liability of short sellers, including
broker-dealers acting for their own
E:\FR\FM\17OCR1.SGM
17OCR1
Agencies
[Federal Register Volume 73, Number 202 (Friday, October 17, 2008)]
[Rules and Regulations]
[Pages 61665-61666]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-24599]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
13 CFR Part 101
RIN 3245-AF75
Small Business Energy Efficiency Program
AGENCY: Small Business Administration.
ACTION: Direct final rule; comment request.
-----------------------------------------------------------------------
SUMMARY: The U.S. Small Business Administration (SBA or Administration)
is establishing a government-wide program that builds on the Energy
Star for Small Business Program, and is located at https://www.sba.gov/
energy. This rule is promulgated to comply with a provision of the
Energy Independence and Security Act of 2007.
DATES: This rule is effective December 1, 2008, without further action,
unless SBA receives a significant adverse comment by November 17, 2008.
If SBA receives any significant adverse comments, SBA will publish a
timely withdrawal of this rule in the Federal Register.
ADDRESSES: You may submit comments, identified by RIN: 3245-AF75, by
any of the following methods:
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting documents.
Mail, for paper, disk, or CD-ROM submissions: Kathryn
Holt, Analyst, Office of Policy and Strategic Planning, Office of the
Administrator, 409 Third Street, SW., Mail Code 2150, Washington, DC
20416.
Hand Delivery/Courier: Kathryn Holt, Analyst, Office of
Policy and Strategic Planning, Office of the Administrator, 409 Third
Street, SW., Mail Stop 2150, Washington, DC 20416.
SBA will post all comments on https://www.regulations.gov. If you
wish to submit confidential business information (CBI) as defined in
the User Notice at https://www.regulations.gov, please submit the
information to Kathryn Holt, Analyst, Office of Policy and Strategic
Planning, Office of the Administrator, 409 Third Street, SW., Mail Stop
2150, Washington, DC 20416, or send an e-mail to kathryn.holt@sba.gov.
Highlight the information that you consider to be CBI and explain why
you believe SBA should hold this information as confidential. SBA will
review the information and make its final determination of whether it
will publish the information or not.
FOR FURTHER INFORMATION CONTACT: Kathryn Holt, Analyst, Office of
Policy and Strategic Planning, Office of the Administrator, 409 Third
Street, SW., Mail Stop 2150, Washington, DC 20416 or
kathryn.holt@sba.gov.
SUPPLEMENTARY INFORMATION: The Administration has developed and
coordinated a Government-wide program, building on the Energy Star for
Small Business Program, to assist small business concerns in: Becoming
more energy efficient, understanding the cost savings from improved
energy efficiency, and identifying financing options for energy
efficiency upgrades. This rule is promulgated to comply with the Energy
Independence and Security Act of 2007, Sec. 1203(b). (15 U.S.C. 657h).
The program was developed and coordinated in consultation with the
Secretary of the Department of Energy and the Administrator of the
Environmental Protection Agency, and
[[Page 61666]]
in cooperation with entities the Administration has considered
appropriate, for example, industry trade associations, industry
members, and energy efficiency organizations.
The Administration is making available the information and
materials developed under the program to small business concerns,
including smaller design, engineering, and construction firms, and
other Federal programs for energy efficiency, such as the Energy Star
for Small Business Program.
The Administration will develop a strategy to educate, encourage,
and assist small business concerns in adopting energy efficient
building fixtures and equipment.
Consideration of Comments
This is a direct final rule, and SBA will review all comments. SBA
believes that this rule is routine and non-controversial, and SBA
anticipates no significant adverse comments to this rulemaking. If SBA
receives any significant adverse comments, it will publish a timely
withdrawal of this direct final rule.
Compliance With Executive Orders 12866, 12988, and 13132, the Paperwork
Reduction Act (44 U.S.C. Ch. 35), and the Regulatory Flexibility Act (5
U.S.C. 601-612)
Executive Order 12866
The Office of Management and Budget (OMB) has determined that this
rule does not constitute a significant regulatory action under
Executive Order 12866.
Executive Order 12988
This action meets applicable standards set forth in sections 3(a)
and 3(b)(2) of Executive Order 12988, Civil Justice Reform, to minimize
litigation, eliminate ambiguity, and reduce burden. The action does not
have retroactive or preemptive effect.
Executive Order 13132
For purposes of E.O. 13132, the SBA has determined that the rule
will not have substantial, direct effects on the States, on the
relationship between the national government and the States, or on the
distribution of power and responsibilities among the various levels of
government. Therefore, for the purpose of Executive Order 13132,
Federalism, SBA determines that this proposed rule has no federalism
implications warranting preparation of a federalism assessment.
Paperwork Reduction Act, 44 U.S.C. Ch. 35
SBA has determined that this proposed rule does not impose
additional reporting or recordkeeping requirements under the Paperwork
Reduction Act, 44 U.S.C. Chapter 35.
Regulatory Flexibility Act, 5 U.S.C. 601-612
The Regulatory Flexibility Act (RFA) 5 U.S.C. 601, requires
administrative agencies to consider the effect of their actions on
small entities, small non-profit enterprises, and small local
governments. Pursuant to the RFA, when an agency issues a rulemaking,
the agency must prepare a regulatory flexibility analysis which
describes the impact of the rule on small entities. However, section
605 of the RFA allows an agency to certify a rule, in lieu of preparing
an analysis, if the rulemaking is not expected to have a significant
economic impact on a substantial number of small entities. Within the
meaning of RFA, SBA certifies that this rule will not have a
significant economic impact on a substantial number of small entities.
List of Subjects in 13 CFR Part 101
Administrative practice and procedure, Authority delegations
(Government agencies), Intergovernmental relations, Investigations,
Organization and functions (Government agencies), Reporting and
recordkeeping requirements.
0
For the reasons stated in the preamble, the Small Business
Administration amends 13 CFR part 101 as follows:
PART 101-ADMINISTRATION
0
1. The authority citation for part 101 is revised to read as follows:
Authority: 5 U.S.C. 552 and App. 3, secs. 2, 4(a), 6(a), and
9(a)(1)(T); 15 U.S.C. 633, 634, 687; 31 U.S.C. 6506; 44 U.S.C. 3512;
42 U.S.C. 6307(d); 15 U.S.C. 657h; E.O. 12372 (July 14, 1982), 47 FR
30959, 3 CFR, 1982 Comp., p. 197, as amended by E.O. 12416 (April 8,
1983), 48 FR 15887, 3 CFR, 1983 Comp., p. 186.
0
2. Amend part 101 by adding Subpart E to read as follows:
Subpart E--Small Business Energy Efficiency
Sec.
101.500 Small Business Energy Efficiency Program.
Sec. 101.500 Small Business Energy Efficiency Program.
(a) The Administration has developed and coordinated a Government-
wide program, which is located at https://www.sba.gov/energy, building
on the Energy Star for Small Business Program, to assist small business
concerns in becoming more energy efficient, understanding the cost
savings from improved energy efficiency, and identifying financing
options for energy efficiency upgrades.
(b) The Program has been developed and coordinated in consultation
with the Secretary of the Department of Energy and the Administrator of
the Environmental Protection Agency, and in cooperation with entities
the Administrator has considered appropriate, for example, such as
industry trade associations, industry members, and energy efficiency
organizations. SBA's Office of Policy and Strategic Planning will be
responsible for overseeing the program but will coordinate with the
Department of Energy and EPA.
(c) The Administration is distributing and making available online,
the information and materials developed under the program to small
business concerns, including smaller design, engineering, and
construction firms, and other Federal programs for energy efficiency,
such as the Energy Star for Small Business Program.
(d) The Administration will develop a strategy to educate,
encourage, and assist small business concerns in adopting energy
efficient building fixtures and equipment.
Sandy K. Baruah,
Acting Administrator.
[FR Doc. E8-24599 Filed 10-16-08; 8:45 am]
BILLING CODE 8025-01-P