Notice of Action Subject to Intergovernmental Review Under Executive Order, 51097-51098 [2012-20749]

Download as PDF tkelley on DSK3SPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 164 / Thursday, August 23, 2012 / Notices in particular, in that it is designed to promote just and equitable principles of trade, to remove impediments to and perfect the mechanism of a free and open market and a national market system, and, in general to protect investors and the public interest, by implementing new rules allowing the Exchange to list options on Treasury debt securities and allow trading thereon. The Exchange believes that the proposed rules for listing and trading Treasury securities options, including options on Treasury notes and bonds, are reasonable and consistent with the Act. The Exchange believes that its proposal would enhance competition and provide access to an additional trading and investing vehicle so that traders and large, institutional, retail, and public investors could more effectively and closely tailor their investing and hedging decisions. The Exchange has proposed rules that are specifically tailored for trading Treasury security options. Pursuant to these proposed rules, the underlying Treasury securities may be approved as appropriate for listing options subject to requirements as to size of original issuance, aggregate principal amount outstanding, or years to maturity. The proposed position limits, exercise limits, margin rules, and other rules, in conjunction with the current Exchange rules, are particularly tailored for Treasury securities options, reasonable, and consistent with the Act. In particular, the proposed position and exercise limits reasonably balance the promotion of a free and open market for these securities with minimization of incentives for market manipulation and insider trading; and the proposed margin rules are reasonably designed to deter a member or its customer from assuming an imprudent position in Treasury securities options. For these and previously-noted reasons, the Exchange believes that the proposal to allow the Exchange to list and permit trading of Treasury securities options would enhance competition and provide access to valuable additional trading and investing vehicles. These would allow traders and investors—including large and institutional investors and retail and public investors—to more effectively tailor their investing and hedging decisions in the current challenging economic climate. B. Self-Regulatory Organization’s Statement on Burden on Competition Phlx does not believe that the proposed rule change will impose any burden on competition not necessary or VerDate Mar<15>2010 16:59 Aug 22, 2012 Jkt 226001 appropriate in furtherance of the purposes of the Act. To the contrary, the Exchange believes that its proposal is pro-competitive. The proposal will allow a new and innovative options product to be listed and traded on the Exchange. This will give market participants the ability to significantly expand their trading and hedging capabilities. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others No written comments were either solicited or received. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action Within 45 days of the date of publication of this notice in the Federal Register or within such longer period (i) as the Commission may designate up to 90 days of such date if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the Exchange consents, the Commission shall: (a) By order approve or disapprove such proposed rule change, or (b) institute proceedings to determine whether the proposed rule change should be disapproved. 51097 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 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of such filing also will be available for inspection and copying at the principal offices of the 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–Phlx– 2012–105, and should be submitted on or before September 13, 2012. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.75 Elizabeth M. Murphy, Secretary. [FR Doc. 2012–20714 Filed 8–22–12; 8:45 am] 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: BILLING CODE 8011–01–P 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–Phlx–2012–105 on the subject line. AGENCY: 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–Phlx–2012–105. 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). PO 00000 Frm 00119 Fmt 4703 Sfmt 4703 SMALL BUSINESS ADMINISTRATION Notice of Action Subject to Intergovernmental Review Under Executive Order U.S. Small Business Administration. ACTION: Notice of Action Subject to Intergovernmental Review Under Executive Order 12372. The Small Business Administration (SBA) is notifying the public that it intends to grant the pending applications of 22 existing Small Business Development Centers (SBDCs) for refunding on October 1, 2012, subject to the availability of funds. Nine states do not participate in the EO 12372 process; therefore, their addresses are not included. A short description of the SBDC program follows in the supplementary information below. The SBA is publishing this notice at least 90 days before the expected refunding date. The SBDCs and their mailing addresses are listed below in the address section. A copy of this notice also is being furnished to the SUMMARY: 75 17 E:\FR\FM\23AUN1.SGM CFR 200.30–3(a)(12). 23AUN1 51098 Federal Register / Vol. 77, No. 164 / Thursday, August 23, 2012 / Notices respective State single points of contact designated under the Executive Order. Each SBDC application must be consistent with any area-wide small business assistance plan adopted by a State-authorized agency. DATES: A State single point of contact and other interested State or local entities may submit written comments regarding an SBDC refunding within 30 days from the date of publication of this notice to the SBDC. ADDRESSES: ADDRESSES OF RELEVANT SBDC STATE DIRECTORS Mr. Al Salgado, Region Director, Univ. of Texas at San Antonio, 501 West Cesar E. Chavez Blvd., San Antonio, TX 78207, (210) 458– 2742. Mr. Clinton Tymes, State Director, University of Delaware, One Innovation Way, Suite 301, Newark, DE 19711, (302) 831–2747. Mr. Michael Young, Region Director, University of Houston, 2302 Fannin, Suite 200, Houston, TX 77002, (713) 752–8425. Mr. Mark Langford, Regional Director, Dallas Community College, 1402 Corinth Street, Dallas, TX 75212, (214) 860–5832. Mr. Craig Bean, State Director, Texas Tech University, 2579 South Loop 289, Suite 114, Lubbock, TX 79423–1637, (806) 745–3973. Mr. Max Summers, State Director, University of Missouri, 410 South Sixth Street, 200, Engineering North, Columbia, MO 65211, (573) 882–1348. Ms. Lenae Quillen-Blume, State Director, Vermont Technical College, P.O. Box 188, 1 Main Street, Randolph Center, VT 05061–0188, (802) 728–3026. Ms. Kristina Oliver, State Director, West Virginia Development Office, 1900 Kanawha Blvd., East, Bldg. 6, Rm. 504, Charleston, WV 25305, (304) 957–2087. Ms. Carmen Marti, SBDC Director, Inter American University of Puerto Rico, 416 Ponce de Leon Avenue, Union Plaza, Seventh Floor, San Juan, PR 00918, (787) 763–6811. Ms. Becky Naugle, State Director, University of Kentucky, One Quality Street, Lexington, KY 40507, (859) 257–7668. Ms. Rene Sprow, State Director, Univ. of Maryland @ College Park, 7100 Baltimore Avenue, Suite 401, Baltimore, MD 20742–1815, (301) 403–8303. Ms. Leonor Dottin, SBDC Director, University of the Virgin Islands, 8000 Niskey Center, Suite 720, St. Thomas, USVI 00802–5804, (340) 776–3206. Mr. Jim Heckman, State Director, Iowa State University, 2321 North Loop Drive, Suite 202, Ames, IA 50011, (515) 294–2037. Ann Bradbury, Associate Administrator for SBDCs, U.S. Small Business Administration, 409 Third Street SW., Sixth Floor, Washington, DC 20416. SUPPLEMENTARY INFORMATION: Director. SBDCs must use at least 80 percent of the Federal funds to provide services to small businesses. SBDCs use volunteers and other low cost resources as much as possible. Description of the SBDC Program An SBDC must have a full range of business development and technical assistance services in its area of operations, depending upon local needs, SBA priorities and SBDC program objectives. Services include training and counseling to existing and prospective small business owners in management, marketing, finance, operations, planning, taxes, and any other general or technical area of assistance that supports small business growth. The SBA district office and the SBDC must agree upon the specific mix of services. They should give particular attention to SBA’s priority and special emphasis groups, including veterans, women, exporters, the disabled, and minorities. FOR FURTHER INFORMATION CONTACT: A partnership exists between SBA and an SBDC. SBDCs offer training, counseling and other business development assistance to small businesses. Each SBDC provides services under a negotiated Cooperative Agreement with SBA, the general management and oversight of SBA, and a state plan initially approved by the Governor. Non-Federal funds must match Federal funds. An SBDC must operate according to law, the Cooperative Agreement, SBA’s regulations, the annual Program Announcement, and program guidance. tkelley on DSK3SPTVN1PROD with NOTICES Program Objectives The SBDC program uses Federal funds to leverage the resources of states, academic institutions and the private sector to: (a) Strengthen the small business community; (b) Increase economic growth; (c) Assist more small businesses; and (d) Broaden the delivery system to more small businesses. SBDC Program Organization The lead SBDC operates a statewide or regional network of SBDC service centers. An SBDC must have a full-time VerDate Mar<15>2010 16:59 Aug 22, 2012 Jkt 226001 SBDC Services SBDC Program Requirements Frm 00120 Fmt 4703 Sfmt 4703 Dated: August 16, 2012. Ann Bradbury, Acting Associate Administrator, Office of Small Business Development Centers. [FR Doc. 2012–20749 Filed 8–22–12; 8:45 am] BILLING CODE P SMALL BUSINESS ADMINISTRATION Notice of Action Subject to Intergovernmental Review Under Executive Order U.S. Small Business Administration. AGENCY: Notice of Action Subject to Intergovernmental Review. ACTION: The Small Business Administration (SBA) is notifying the public that it intends to grant the pending applications of 39 existing Small Business Development Centers (SBDCs) for refunding on January 1, 2013 subject to the availability of funds. Twenty states do not participate in the EO 12372 process; therefore, their addresses are not included. A short description of the SBDC program follows in the supplementary information below. SUMMARY: An SBDC must meet programmatic and financial requirements imposed by statute, regulations or its Cooperative Agreement. The SBDC must: (a) Locate service centers so that they are as accessible as possible to small businesses; (b) Open all service centers at least 40 hours per week, or during the normal business hours of its state or academic Host Organization, throughout the year; PO 00000 (c) Develop working relationships with financial institutions, the investment community, professional associations, private consultants and small business groups; and (d) Maintain lists of private consultants at each service center. E:\FR\FM\23AUN1.SGM 23AUN1

Agencies

[Federal Register Volume 77, Number 164 (Thursday, August 23, 2012)]
[Notices]
[Pages 51097-51098]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-20749]


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SMALL BUSINESS ADMINISTRATION


Notice of Action Subject to Intergovernmental Review Under 
Executive Order

AGENCY: U.S. Small Business Administration.

ACTION: Notice of Action Subject to Intergovernmental Review Under 
Executive Order 12372.

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

SUMMARY: The Small Business Administration (SBA) is notifying the 
public that it intends to grant the pending applications of 22 existing 
Small Business Development Centers (SBDCs) for refunding on October 1, 
2012, subject to the availability of funds. Nine states do not 
participate in the EO 12372 process; therefore, their addresses are not 
included. A short description of the SBDC program follows in the 
supplementary information below.
    The SBA is publishing this notice at least 90 days before the 
expected refunding date. The SBDCs and their mailing addresses are 
listed below in the address section. A copy of this notice also is 
being furnished to the

[[Page 51098]]

respective State single points of contact designated under the 
Executive Order. Each SBDC application must be consistent with any 
area-wide small business assistance plan adopted by a State-authorized 
agency.

DATES: A State single point of contact and other interested State or 
local entities may submit written comments regarding an SBDC refunding 
within 30 days from the date of publication of this notice to the SBDC.

ADDRESSES:

               Addresses of Relevant SBDC State Directors
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Mr. Al Salgado, Region Director, Univ.   Ms. Kristina Oliver, State
 of Texas at San Antonio, 501 West        Director, West Virginia
 Cesar E. Chavez Blvd., San Antonio, TX   Development Office, 1900
 78207, (210) 458-2742.                   Kanawha Blvd., East, Bldg. 6,
                                          Rm. 504, Charleston, WV 25305,
                                          (304) 957-2087.
Mr. Clinton Tymes, State Director,       Ms. Carmen Marti, SBDC
 University of Delaware, One Innovation   Director, Inter American
 Way, Suite 301, Newark, DE 19711,        University of Puerto Rico, 416
 (302) 831-2747.                          Ponce de Leon Avenue, Union
                                          Plaza, Seventh Floor, San
                                          Juan, PR 00918, (787) 763-
                                          6811.
Mr. Michael Young, Region Director,      Ms. Becky Naugle, State
 University of Houston, 2302 Fannin,      Director, University of
 Suite 200, Houston, TX 77002, (713)      Kentucky, One Quality Street,
 752-8425.                                Lexington, KY 40507, (859) 257-
                                          7668.
Mr. Mark Langford, Regional Director,    Ms. Rene Sprow, State Director,
 Dallas Community College, 1402 Corinth   Univ. of Maryland @ College
 Street, Dallas, TX 75212, (214) 860-     Park, 7100 Baltimore Avenue,
 5832.                                    Suite 401, Baltimore, MD 20742-
                                          1815, (301) 403-8303.
Mr. Craig Bean, State Director, Texas    Ms. Leonor Dottin, SBDC
 Tech University, 2579 South Loop 289,    Director, University of the
 Suite 114, Lubbock, TX 79423-1637,       Virgin Islands, 8000 Niskey
 (806) 745-3973.                          Center, Suite 720, St. Thomas,
                                          USVI 00802-5804, (340) 776-
                                          3206.
Mr. Max Summers, State Director,         Mr. Jim Heckman, State
 University of Missouri, 410 South        Director, Iowa State
 Sixth Street, 200, Engineering North,    University, 2321 North Loop
 Columbia, MO 65211, (573) 882-1348.      Drive, Suite 202, Ames, IA
                                          50011, (515) 294-2037.
Ms. Lenae Quillen-Blume, State
 Director, Vermont Technical College,
 P.O. Box 188, 1 Main Street, Randolph
 Center, VT 05061-0188, (802) 728-3026.
------------------------------------------------------------------------


FOR FURTHER INFORMATION CONTACT: Ann Bradbury, Associate Administrator 
for SBDCs, U.S. Small Business Administration, 409 Third Street SW., 
Sixth Floor, Washington, DC 20416.

SUPPLEMENTARY INFORMATION: 

Description of the SBDC Program

    A partnership exists between SBA and an SBDC. SBDCs offer training, 
counseling and other business development assistance to small 
businesses. Each SBDC provides services under a negotiated Cooperative 
Agreement with SBA, the general management and oversight of SBA, and a 
state plan initially approved by the Governor. Non-Federal funds must 
match Federal funds. An SBDC must operate according to law, the 
Cooperative Agreement, SBA's regulations, the annual Program 
Announcement, and program guidance.

Program Objectives

    The SBDC program uses Federal funds to leverage the resources of 
states, academic institutions and the private sector to:
    (a) Strengthen the small business community;
    (b) Increase economic growth;
    (c) Assist more small businesses; and
    (d) Broaden the delivery system to more small businesses.

SBDC Program Organization

    The lead SBDC operates a statewide or regional network of SBDC 
service centers. An SBDC must have a full-time Director. SBDCs must use 
at least 80 percent of the Federal funds to provide services to small 
businesses. SBDCs use volunteers and other low cost resources as much 
as possible.

SBDC Services

    An SBDC must have a full range of business development and 
technical assistance services in its area of operations, depending upon 
local needs, SBA priorities and SBDC program objectives. Services 
include training and counseling to existing and prospective small 
business owners in management, marketing, finance, operations, 
planning, taxes, and any other general or technical area of assistance 
that supports small business growth.
    The SBA district office and the SBDC must agree upon the specific 
mix of services. They should give particular attention to SBA's 
priority and special emphasis groups, including veterans, women, 
exporters, the disabled, and minorities.

SBDC Program Requirements

    An SBDC must meet programmatic and financial requirements imposed 
by statute, regulations or its Cooperative Agreement. The SBDC must:
    (a) Locate service centers so that they are as accessible as 
possible to small businesses;
    (b) Open all service centers at least 40 hours per week, or during 
the normal business hours of its state or academic Host Organization, 
throughout the year;
    (c) Develop working relationships with financial institutions, the 
investment community, professional associations, private consultants 
and small business groups; and
    (d) Maintain lists of private consultants at each service center.

    Dated: August 16, 2012.
Ann Bradbury,
Acting Associate Administrator, Office of Small Business Development 
Centers.
[FR Doc. 2012-20749 Filed 8-22-12; 8:45 am]
BILLING CODE P
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