Intermediary Lending Pilot (ILP) Program, 22625-22626 [2012-8998]

Download as PDF Federal Register / Vol. 77, No. 73 / Monday, April 16, 2012 / Notices Act of 1934 (the ‘‘Act’’),3 in general, and Section 6(b)(4) of the Act,4 in particular, in that it is designed to provide for the equitable allocation of reasonable dues, fees, and other charges among its members and other persons using its facilities. The Exchange believes that the increased rebate for SLPs is reasonable because it will promote liquidity on the Exchange. The Exchange believes that the increased rebate for SLPs and the proposed fee and cap increase for NYSE CSII are an equitable allocation of fees because all similarly situated member organizations will be subject to the same fee structure and access to the Exchange’s market is offered on fair and non-discriminatory terms. In addition, the proposed increased NYSE CSII fee and fee cap are the same as the NYSE CSII fee and fee cap on the New York Stock Exchange (‘‘NYSE’’).5 The Exchange also believes that increasing the fee for NYSE CSII transactions and the monthly cap that is currently applicable thereto is reasonable, equitable and not unfairly discriminatory because it would more closely align the NYSE CSII rate with the other rates within the Price List,6 while maintaining a cap for member organizations that are particularly active during NYSE CSII. B. Self-Regulatory Organization’s Statement on Burden on Competition The Exchange does not believe that the proposed rule change will impose any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were solicited or received with respect to the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change is effective upon filing pursuant to Section 19(b)(3)(A) 7 of the Act and 3 15 U.S.C. 78f(b). U.S.C. 78f(b)(4). 5 See NYSE Price List 2012, dated March 1, 2012, available at https://usequities.nyx.com/sites/ usequities.nyx.com/files/ nyse_price_list_03.01.12_mmr.pdf. 6 For example, except for transactions that are free, both the current and proposed NYSE CSII rate of $0.0001 and $0.0002, respectively, are substantially less than the next lowest fee within the Price List (i.e., the $0.0005 rate for Discretionary e-Quotes and verbal agency interest by floor brokers). 7 15 U.S.C. 78s(b)(3)(A). emcdonald on DSK29S0YB1PROD with NOTICES 4 15 VerDate Mar<15>2010 14:39 Apr 13, 2012 Jkt 226001 subparagraph (f)(2) of Rule 19b–4 8 thereunder, because it establishes a due, fee, or other charge imposed by the NYSE Amex. At any time within 60 days of the filing of such proposed rule change, the Commission summarily may temporarily suspend 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: Electronic Comments • Use the Commission’s Internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rulecomments@sec.gov. Please include File Number SR–NYSEAmex–2012–20 on the subject line. Paper Comments • Send paper comments in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street NE., Washington, DC 20549–1090. All submissions should refer to File Number SR–NYSEAmex–2012–20. This file number should be included on the subject line if email 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 Web site viewing and printing in the Commission’s Public Reference Room, 100 F Street NE., Washington, DC 20549, on official business days between the hours of 10 a.m. and 3 p.m. Copies of the filing also will be available for inspection and copying at the principal office of the 8 17 PO 00000 CFR 240.19b–4(f)(2). Frm 00069 Fmt 4703 Exchange. 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– NYSEAmex–2012–20 and should be submitted on or before May 7, 2012. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.9 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2012–9009 Filed 4–13–12; 8:45 am] BILLING CODE 8011–01–P SMALL BUSINESS ADMINISTRATION Intermediary Lending Pilot (ILP) Program U.S. Small Business Administration (SBA). ACTION: Notice of Funds Availability (NOFA). AGENCY: The U.S. Small Business Administration (SBA) requests that eligible organizations submit applications to become Intermediary Lending Pilot (ILP) Intermediaries. SBA will select up to 20 applicants to participate in the ILP program and receive direct loans of up to $1,000,000 each. ILP Intermediaries must use the ILP Loan funds to make loans of up to $200,000 to startup, newly established, or growing small business concerns. ILP Intermediaries that received SBA ILP funding in 2011 are not eligible for funding in 2012. DATES: The application deadline is 5 p.m. on May 25, 2012. ADDRESSES: Completed applications must be sent to U.S. Small Business Administration, Office of Financial Assistance, Microenterprise Development Branch, Attention: Jody Raskind, Chief, 409 3rd Street SW., Suite 8200, Washington, DC 20416. FOR FURTHER INFORMATION CONTACT: Jody Raskind, (202) 205–7076. SUPPLEMENTARY INFORMATION: Background: The Small Business Jobs Act of 2010 (Pub. L. 111–240), enacted September 27, 2010 (the Act), includes a provision that requires SBA to implement an Intermediary Lending Pilot (ILP) program. Under the ILP program, SBA makes loans to selected nonprofit intermediaries for the purpose of providing loans to small businesses. SBA selected 20 ILP Intermediaries in SUMMARY: 9 17 Sfmt 4703 22625 E:\FR\FM\16APN1.SGM CFR 200.30–3(a)(12). 16APN1 emcdonald on DSK29S0YB1PROD with NOTICES 22626 Federal Register / Vol. 77, No. 73 / Monday, April 16, 2012 / Notices 2011. SBA will use a competitive selection process to select up to an additional 20 ILP Intermediaries to participate in the program and receive ILP Loans of up to $1 million in 2012. ILP Loans have a 20 year term and an interest rate of 1%, with the first payment deferred for two years. SBA collects no fees on the loans and requires no collateral. An ILP Intermediary must use the ILP Loan proceeds to make loans of up to $200,000 to startup, newly established, or growing small businesses. Eligible intermediaries, which include private, nonprofit community development corporations, must have at least one year of experience making loans to startup, newly established, or growing small businesses. Existing ILP Intermediaries and SBA Microloan Intermediaries are not eligible to apply. Available funding: The amount currently available for ILP Loans in fiscal year 2012 is $20,000,000. SBA intends to select up to 20 applicants to become ILP Intermediaries and to make loans of up to $1,000,000 to each selected ILP Intermediary. SBA reserves the right to select and fund some, all, or none of the applicants for the ILP program under this NOFA. Application materials: Organizations seeking to apply for the ILP program can obtain an ILP Application for Selection (SBA Form 2417) and the FY 2012 ILP Program Announcement, which describes the evaluation criteria and SBA’s review and selection processes, at https://www.sba.gov/content/ intermediary-lending-pilot. More information about all aspects of the ILP program is available in the regulations authorizing the ILP program at 13 CFR part 109, as published in the Federal Register on April 1, 2011 (76 FR 18007), and in the ILP Procedural Guide, available at https://www.sba.gov/content/ intermediary-lending-pilot. Application submission rules: Complete applications must be received by the Chief, Microenterprise Development Branch in the Office of Financial Assistance, or by specific individuals designated by the Chief, by the deadline date and time. Applications received after that date and time will not be considered. Due to the required irradiation of regular mail delivered through the U.S. Postal Service prior to its delivery to Federal offices in the Washington, DC area, organizations are encouraged to use a ‘‘next day’’ or ‘‘overnight delivery’’ method to ensure the timely receipt of materials. Each application must be submitted in two different formats: (1) Hard copy with original signatures, and (2) in Word or PDF format on a standard VerDate Mar<15>2010 14:39 Apr 13, 2012 Jkt 226001 Compact Disc. See the instructions in the ILP Program Application for Selection (SBA Form 2417) for specific requirements. Applications sent via email or by facsimile will not be accepted. Authority: 15 U.S.C. 636(l) and 13 CFR 109.200(a). Grady B. Hedgespeth, Director, Office of Financial Assistance. [FR Doc. 2012–8998 Filed 4–13–12; 8:45 am] BILLING CODE 8025–01–P SPECIAL INSPECTOR GENERAL FOR AFGHANISTAN RECONSTRUCTION Office of Privacy, Records, and Disclosure; Privacy Act of 1974, as Amended Special Inspector General for Afghanistan Reconstruction. ACTION: Notice of Proposed Privacy Act Systems of Records. AGENCY: In accordance with the Privacy Act of 1974, as amended, the Special Inspector General for Afghanistan Reconstruction (SIGAR) gives notice of the establishment of three Privacy Act systems of records. DATES: Comments must be received no later than May 16, 2012. The new system of records will be effective June 15, 2012 unless SIGAR receives comments that would result in a contrary determination. ADDRESSES: Comments should be sent to Hugo Teufel, Acting General Counsel, Special Inspector General for Afghanistan Reconstruction, 2530 Crystal Drive, Arlington, VA 22202– 3934. Comments will be made available for inspection up written request. SIGAR will make such comments available for public inspection in the Office of Privacy, Records, and Disclosure, 9th Floor, 1550 Crystal Drive, Arlington, VA 22202, on official business days between the hours of 9 a.m. and 5 p.m. Eastern time. You can make an appointment to inspect comments by telephoning (703) 602– 2500. All comments, including attachments and other supporting materials, received are part of the public record and subject to public disclosure. You should submit only information that you wish to make available publicly. SUMMARY: Kate Gastner, Public Information Manager, Special Inspector General for Afghanistan Reconstruction, 2530 Crystal Drive, Arlington, VA 22202– 3934, (703) 545–5993. FOR FURTHER INFORMATION CONTACT: PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 On January 28, 2008, the President signed into law the National Defense Authorization Act for Fiscal Year 2008 (Pub. L. 110–181), which created the Special Inspector General for Afghanistan Reconstruction (SIGAR). SIGAR is responsible for coordinating and conducting audits and investigations to promote efficiency and effectiveness of reconstruction programs, and to detect and prevent waste, fraud, and abuse of taxpayers’ dollars. Under 5 U.S.C. 301, heads of Executive or military departments may prescribe regulations governing the conduct of its employees and the custody, use, and preservation of the department’s records, papers, and property. To facilitate SIGAR’s audits, investigations, and other operations, it plans to create the following systems of records: SIGAR—01 Firearm Qualification Records; SIGAR—02 Property Accountability Records; SIGAR—03 Public Affairs Records. In the notice of proposed rulemaking which is published separately in the Federal Register, SIGAR is proposing to exempt records maintained in several systems from certain of the Privacy Act’s requirements pursuant to 5 U.S.C.552a(j)(2) and (k)(2). The Report of the a new system of records, as required by 5 U.S.C. 552a(r) of the Privacy Act, has been submitted to the Committee on Oversight and Government Reform of the House of Representatives, the Committee on Homeland Security and Governmental Affairs of the Senate, and the Office of Management and Budget, pursuant to Appendix I to OMB Circular A–130, ‘‘Federal Agency Responsibilities for Maintaining Records About Individuals,’’ dated November 30, 2000. Sections 552a(e)(4) and (11) of title 5, United States Code, provide that an agency public a notice of the establishment or revision of a record system which affords the public a 30day period in which to submit comments. To meet this requirement, descriptions of the three new systems of records are published in their entirety below. SUPPLEMENTARY INFORMATION: Dated: April 10, 2012. Steven J. Trent, Acting Inspector General. SIGAR–01 SYSTEM LOCATION: Special Inspector General for Afghanistan Reconstruction (SIGAR), 9th Floor, 1550 Crystal Drive, Arlington, VA 22202–4135. E:\FR\FM\16APN1.SGM 16APN1

Agencies

[Federal Register Volume 77, Number 73 (Monday, April 16, 2012)]
[Notices]
[Pages 22625-22626]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-8998]


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SMALL BUSINESS ADMINISTRATION


Intermediary Lending Pilot (ILP) Program

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

ACTION: Notice of Funds Availability (NOFA).

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

SUMMARY: The U.S. Small Business Administration (SBA) requests that 
eligible organizations submit applications to become Intermediary 
Lending Pilot (ILP) Intermediaries. SBA will select up to 20 applicants 
to participate in the ILP program and receive direct loans of up to 
$1,000,000 each. ILP Intermediaries must use the ILP Loan funds to make 
loans of up to $200,000 to startup, newly established, or growing small 
business concerns. ILP Intermediaries that received SBA ILP funding in 
2011 are not eligible for funding in 2012.

DATES: The application deadline is 5 p.m. on May 25, 2012.

ADDRESSES: Completed applications must be sent to U.S. Small Business 
Administration, Office of Financial Assistance, Microenterprise 
Development Branch, Attention: Jody Raskind, Chief, 409 3rd Street SW., 
Suite 8200, Washington, DC 20416.

FOR FURTHER INFORMATION CONTACT: Jody Raskind, (202) 205-7076.

SUPPLEMENTARY INFORMATION:
    Background: The Small Business Jobs Act of 2010 (Pub. L. 111-240), 
enacted September 27, 2010 (the Act), includes a provision that 
requires SBA to implement an Intermediary Lending Pilot (ILP) program. 
Under the ILP program, SBA makes loans to selected nonprofit 
intermediaries for the purpose of providing loans to small businesses. 
SBA selected 20 ILP Intermediaries in

[[Page 22626]]

2011. SBA will use a competitive selection process to select up to an 
additional 20 ILP Intermediaries to participate in the program and 
receive ILP Loans of up to $1 million in 2012. ILP Loans have a 20 year 
term and an interest rate of 1%, with the first payment deferred for 
two years. SBA collects no fees on the loans and requires no 
collateral. An ILP Intermediary must use the ILP Loan proceeds to make 
loans of up to $200,000 to startup, newly established, or growing small 
businesses. Eligible intermediaries, which include private, nonprofit 
community development corporations, must have at least one year of 
experience making loans to startup, newly established, or growing small 
businesses. Existing ILP Intermediaries and SBA Microloan 
Intermediaries are not eligible to apply.
    Available funding: The amount currently available for ILP Loans in 
fiscal year 2012 is $20,000,000. SBA intends to select up to 20 
applicants to become ILP Intermediaries and to make loans of up to 
$1,000,000 to each selected ILP Intermediary. SBA reserves the right to 
select and fund some, all, or none of the applicants for the ILP 
program under this NOFA.
    Application materials: Organizations seeking to apply for the ILP 
program can obtain an ILP Application for Selection (SBA Form 2417) and 
the FY 2012 ILP Program Announcement, which describes the evaluation 
criteria and SBA's review and selection processes, at https://www.sba.gov/content/intermediary-lending-pilot. More information about 
all aspects of the ILP program is available in the regulations 
authorizing the ILP program at 13 CFR part 109, as published in the 
Federal Register on April 1, 2011 (76 FR 18007), and in the ILP 
Procedural Guide, available at https://www.sba.gov/content/intermediary-lending-pilot.
    Application submission rules: Complete applications must be 
received by the Chief, Microenterprise Development Branch in the Office 
of Financial Assistance, or by specific individuals designated by the 
Chief, by the deadline date and time. Applications received after that 
date and time will not be considered. Due to the required irradiation 
of regular mail delivered through the U.S. Postal Service prior to its 
delivery to Federal offices in the Washington, DC area, organizations 
are encouraged to use a ``next day'' or ``overnight delivery'' method 
to ensure the timely receipt of materials. Each application must be 
submitted in two different formats: (1) Hard copy with original 
signatures, and (2) in Word or PDF format on a standard Compact Disc. 
See the instructions in the ILP Program Application for Selection (SBA 
Form 2417) for specific requirements. Applications sent via email or by 
facsimile will not be accepted.

    Authority: 15 U.S.C. 636(l) and 13 CFR 109.200(a).

Grady B. Hedgespeth,
Director, Office of Financial Assistance.
[FR Doc. 2012-8998 Filed 4-13-12; 8:45 am]
BILLING CODE 8025-01-P
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