Applications for Licensing as a Non-leveraged Rural Business Investment Company Under the Rural Business Investment Program, 22944-22946 [2014-09333]

Download as PDF 22944 Federal Register / Vol. 79, No. 80 / Friday, April 25, 2014 / Notices (TDD) may call the Federal Information Relay Service (FIRS) at 1–800–877–8339 between 8:00 a.m. and 8:00 p.m., Eastern Standard Time, Monday through Friday. Please make requests in advance for sign language interpreting, assistive listening devices or other reasonable accommodation for access to the facility or proceedings by contacting the person listed above. SUPPLEMENTARY INFORMATION: Additional RAC information, including meeting agendas and meeting summary/ minutes can be found at the following Web site: https://fsplaces.fs.fed.us/ fsfiles/unit/wo/secure_rural_ schools.nsf/RAC/B5767FD7F4B63B0 988256CCC0064DED3?OpenDocument. The meeting agenda for June 13, 2014 will include time for people to make oral statements of three minutes or less. Individuals wishing to make an oral statement during the meetings should request in writing by June 8, 2014 to be scheduled on the agenda. Anyone who would like to bring related matters to the attention of the committee may file written statements with the committee staff before or after the meeting. Written comments and requests for time for oral comments must be sent to Cheryl Caplan, RAC Coordinator, 2900 Northwest Stewart Parkway, Roesburg, Oregon, 97471; or by email to ccaplan @fs.fed.us, or via facsimile to 541–957– 3495. Meeting Accommodations: If you are a person requiring reasonable accommodation, please make requests in advance for sign language interpreting, assistive listening devices or other reasonable accommodation for access to the facility or proceedings by contacting the person listed in the section titled FOR FURTHER INFORMATION CONTACT. All reasonable accommodation requests are managed on a case by case basis. Dated: April 17, 2014. Alice B. Carlton, Umpqua Forest Supervisor. [FR Doc. 2014–09403 Filed 4–24–14; 8:45 am] BILLING CODE 3411–15–P DEPARTMENT OF AGRICULTURE Forest Service mstockstill on DSK4VPTVN1PROD with NOTICES Sabine-Angelina Resource Advisory Committee Forest Service, USDA. Notice of meeting. AGENCY: ACTION: The Sabine-Angelina Resource Advisory Committee (RAC) will meet in Hemphill, Texas. The committee is authorized under the Secure Rural Schools and Community SUMMARY: VerDate Mar<15>2010 16:57 Apr 24, 2014 Jkt 232001 Self-Determination Act (Pub. L. 110– 343) (the Act) and operates in compliance with the Federal Advisory Committee Act. The purpose of the committee is to improve collaborative relationships and to provide advice and recommendations to the Forest Service concerning projects and funding consistent with Title II of the Act. The meeting is open to the public. The purpose of the meeting is introduce the new Designated Federal Officer, discuss committee membership, view the ethics video, and present proposed projects. DATES: The meeting will be held on Wednesday, June 4, 2014 at 4:30 p.m. All RAC meetings are subject to cancellation. For status of meeting prior to attendance, please contact the person listed under FOR FURTHER INFORMATION CONTACT. ADDRESSES: The meeting will be held at the Sabine Ranger District, 5050 State Highway 21 East, Hemphill, Texas. Written comments may be submitted as described under SUPPLEMENTARY INFORMATION. All comments, including names and addresses when provided, are placed in the record and are available for public inspection and copying. The public may inspect comments received at Sabine Ranger District. Please call ahead to facilitate entry into the building. FOR FURTHER INFORMATION CONTACT: Kimpton Cooper, Designated Federal Officer, by phone at 409–625–1940 or 936–897–1068; or via email at kmcooper@fs.fed.us. Individuals who use telecommunication devices for the deaf (TDD) may call the Federal Information Relay Service (FIRS) at 1–800–877–8339 between 8:00 a.m. and 8:00 p.m., Eastern Standard Time, Monday through Friday. Please make requests in advance for sign language interpreting, assistive listening devices or other reasonable accommodation for access to the facility or proceedings by contacting the person listed above. SUPPLEMENTARY INFORMATION: Additional RAC information, including the meeting agenda and the meeting summary/minutes can be found at the following Web site: https:// fsplaces.fs.fed.us/fsfiles/unit/wo/ secure_rural_schools.nsf/RAC/SabineAngelina?OpenDocument. The agenda will include time for people to make oral statements of three minutes or less. Individuals wishing to make an oral statement should request in writing by May 26, 2014 to be scheduled on the agenda. Anyone who would like to bring related matters to the attention of the committee may file written statements with the committee staff PO 00000 Frm 00002 Fmt 4703 Sfmt 4703 before or after the meeting. Written comments and requests for time for oral comments must be sent to Kimpton Cooper, Designated Federal Officer, Sabine-Angelina Resource Advisory Committee, 5050 State Highway 21 East, Hemphill, Texas 75948; or by email to kmcooper@fs.fed.us or via facsimile to 409–625–1953. Meeting Accommodations: If you are a person requiring reasonable accommodation, please make requests in advance for sign language interpreting, assistive listening devices or other reasonable accommodation for access to the facility or proceedings by contacting the person listed in the section titled FOR FURTHER INFORMATION CONTACT. All reasonable accommodation requests are managed on a case by case basis. Dated: April 16, 2014. Kimpton M. Cooper, Sabine-Angelina Designated Federal Officer. [FR Doc. 2014–09438 Filed 4–24–14; 8:45 am] BILLING CODE 3411–15–P DEPARTMENT OF AGRICULTURE Rural Business-Cooperative Service Applications for Licensing as a Nonleveraged Rural Business Investment Company Under the Rural Business Investment Program Rural Business-Cooperative Service, U.S. Department Agriculture (USDA). ACTION: Notice. AGENCY: This Notice announces the acceptance of applications from newlyformed Rural Business Investment Companies (RBICs) who are interested in being licensed as non-leveraged RBICs under the Agency’s Rural Business Investment Program (RBIP). DATES: The Agency began accepting applications for non-leveraged status on August 6, 2012, and will accept applications for non-leveraged status on a continuous basis through July 29, 2016, or until such time the Agency determines otherwise. Beginning fiscal year (FY) 2014, the Agency will limit its review during a fiscal year to those applications it has received as of July 29 of that year. A fiscal year is October 1 to September 30. Any application received after July 29 will be held for consideration in the following fiscal year. Unless otherwise identified by the Agency, the Agency will not consider any application submitted in response to this Notice that it receives after July 29, 2016. SUMMARY: E:\FR\FM\25APN1.SGM 25APN1 Federal Register / Vol. 79, No. 80 / Friday, April 25, 2014 / Notices Address for Application Submission: Completed applications must be sent to Specialty Programs Division, U.S. Department of Agriculture, Room Number 4204–S, 1400 Independence Avenue SW., Washington, DC 20250–3226. Address for Requesting Information: Application materials and other information may be requested by writing to Claudette Fernandez, Director, Specialty Programs Division, U.S. Department of Agriculture, Room 4204–S, 1400 Independence Avenue SW., Washington, DC 20250–3226. FOR FURTHER INFORMATION CONTACT: Detailed information on the RBIP, including application materials and instructions, can be found on the Agency’s Web site at http:// www.rurdev.usda.gov/BCP_RBIP.html. You also may request information from the Agency by contacting Claudette Fernandez, Director, Specialty Programs Division, U.S. Department of Agriculture, Room 4204–S, 1400 Independence Avenue SW., Washington, DC 20250–3226, at (202) 720–1400. SUPPLEMENTARY INFORMATION: ADDRESSES: Paperwork Reduction Act The Paperwork Reduction Act of 1995 defines ‘‘collection of information’’ as a requirement for ‘‘answers to * * * identical reporting or recordkeeping requirements imposed on ten or more persons’’ (44 U.S.C. 3502(3)(A)). The collection requirement associated with this Notice is expected to receive less than ten respondents and therefore the Act does not apply. mstockstill on DSK4VPTVN1PROD with NOTICES Overview Information Federal Agency Name. Rural Business-Cooperative Service. Opportunity Title. Rural Business Investment Program for Non-leveraged RBICs. Announcement Type. Subsequent announcement. Catalog of Federal Domestic Assistance (CFDA) Number. The CFDA number for the program impacted by this action is 10.860, Rural Business Investment Program. Dates. The Agency began accepting applications for non-leveraged status on August 6, 2012, and will continue to accept applications for non-leveraged status through at least July 29, 2016, or until such time the Agency determines otherwise. Beginning fiscal year (FY) 2014, the Agency will limit its review during a fiscal year to those applications it has received as of July 29 of that year. A fiscal year is October 1 to September 30. Any application received after July VerDate Mar<15>2010 16:57 Apr 24, 2014 Jkt 232001 29 will be held for consideration in the following fiscal year. Availability of Notice. This Notice is available on the USDA Rural Development Web site at: http:// www.rurdev.usda.gov/BCP_RBIP.html. I. Opportunity Description A. Background. The purpose of Subtitle H of the Consolidated Farm and Rural Development Act, as amended (7 U.S.C. 2009cc et seq.) is to promote economic development and the creation of wealth and job opportunities in rural areas and among individuals living in those areas through venture capital investments by for-profit RBICs. Prior to August 6, 2012, the Agency issued licenses to qualified RBICs as leveraged RBICs only. A notice published in the Federal Register on July 5, 2012, (77 FR 39675), informed the public that the Agency would begin accepting non-leveraged RBIC license applications on August 6, 2012. In the July 5, 2012, notice, the Agency indicated its intent to issue one nonleveraged license in FY 2012 and up to three licenses in FY 2013, depending on available resources. The purpose of this current Notice is to notify interested RBICs that the Agency is still accepting applications from qualified RBICs for licensing as non-leveraged RBICs under the RBIP. The Agency will continue to accept such applications through July 29, 2016, or until such other time the Agency determines otherwise. B. Program Authority. Subtitle H of the Consolidated Farm and Rural Development Act, as amended (7 U.S.C. 2009cc et seq.) establishes the RBIP. C. Definition of Terms. The terms defined in 7 CFR part 4290 are applicable to this Notice. II. Licensing Information A. Number of Licenses. The Agency intends to issue no more than five nonleveraged RBIC licenses through FY 2016, subject to sufficient resources. However, additional applications for licenses may be considered if sufficient resources are made available. B. Type of License. Non-leveraged. III. Eligibility Information Applicants and their applications are subject to the provisions of this Notice and to the provisions of 7 CFR part 4290. In order to be eligible for nonleveraged status under this Notice, the applicant must demonstrate that one or more Farm Credit System (FCS) institution(s) will invest in the RBIC and, individually or collectively, hold 10 percent or more the applicant’s total capital. PO 00000 Frm 00003 Fmt 4703 Sfmt 4703 22945 IV. Application and Submission Information A. Where to Obtain Applications. Applicants may obtain applications and other applicable application material from the Agency’s Specialty Programs Division, as provided in the ADDRESSES section of this Notice. Because applications will be selected on a firstcome, first-served basis, the Agency recommends that potential applicants who plan to request application materials via mail request such materials as soon as possible. Application materials may also be obtained via http:// www.rurdev.usda.gov/BCP_RBIP.html or by contacting the Agency at the address and phone number provided in the ADDRESSES section of this Notice. B. Prior to Preparing Application. The Agency recommends that those interested in applying for non-leveraged licensing contact the Agency at the address and phone number provided in the ADDRESSES section of this Notice to determine the status of the nonleveraged program in order to avoid unnecessary expenditure of resources by the applicant. As noted earlier in this Notice, the Agency intends to issue up to five non-leveraged licenses through FY 2016 and, due to limited resources, the Agency may not be able to review more than two applications in any 1 fiscal year. C. Content and Form of Submission. Applications must be submitted in accordance with the application instructions contained in this Notice and in 7 CFR 4290. Applicants must submit complete initial applications in order to be considered. Applications must be submitted in hard copy form and on a USB flash drive; applications sent by facsimile will not be accepted. Contents of the initial application include RD Form 4290–1, ‘‘Rural Business Investment Program (RBIP) Application,’’ Part I, Management Assessment Questionnaire (MAQ), and RD Form 4290–2, ‘‘Rural Business Investment Program (RBIP) Application,’’ Part II, Exhibits (exhibits A, D, E, F, G, K, L, P, V, and Z). Submit two complete, original hard copy sets of the RD Form 4290–1 and RD Form 4290–2 (excluding Exhibit P, which is required in electronic form only). Place each of the two original sets in a large 3-ring binder. Label the binders with the RBIC’s name. Submit one complete and unbound one-sided hard copy of the MAQ and Exhibits suitable for photocopying (i.e., no hole punches, staples, paper clips, tabs, or binders). E:\FR\FM\25APN1.SGM 25APN1 22946 Federal Register / Vol. 79, No. 80 / Friday, April 25, 2014 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES Applicants must enclose in their submission a nonrefundable licensing fee of $500 in the form of a check payable to USDA. C. When to Submit. The Agency is accepting applications for non-leveraged status now through July 29, 2016, or until such time the Agency determines otherwise. D. Where to Submit. The applicant must submit the application material to the Agency’s Specialty Programs Division as specified in the ADDRESSES section of this Notice. E. How to Submit. Applicants are encouraged to submit their applications via package/parcel service. V. Program Provisions This section of the Notice identifies the procedures the Agency will use to process and select applicants for licensing as a non-leveraged RBIC. More information about the RBIP is available in the regulation at 7 CFR part 4290. The Agency will review each application it receives in response to this Notice with regard to eligibility and completeness. If the application is incomplete, the Agency will notify the applicant of the information that is missing. The applicant must then provide the missing information in order for the Agency to further review the application. The Agency will select applicants for licensing as a non-leveraged RBIC on a first-come, first-served basis. The Agency will determine the order of applications based on the date the Agency receives a complete application. For example, if an application is received on July 1, but is incomplete, and the applicant supplies the Agency with the missing information on August 1, then that application will be considered for selection on the basis of the August 1 date— the date on which the application was complete. Therefore, the Agency encourages applicants to ensure their applications are complete prior to submitting them. Only those applications that are eligible will be processed further for determining whether the applicant will be licensed as a non-leveraged RBIC. However, not all applications received in response to this Notice will receive this further processing. For each application that receives further processing, the Agency or its designee will focus its assessment of the application on the consistency of the newly formed RBIC’s business plan with the goals of the RBIP program and on the applicant’s management team’s qualifications. Following this assessment, if the initial recommendation is favorable, the VerDate Mar<15>2010 16:57 Apr 24, 2014 Jkt 232001 Agency or its designee will interview the applicant’s management team. Based on the assessment and interview, a preliminary determination will be made as to whether or not to select the applicant for non-leveraged status. If the preliminary determination is favorable, the Agency will send to the applicant a Letter of Conditions (also known as a ‘‘Green Light’’ letter) and the applicant will be invited to submit an updated RD Form 4290–1, Part I, Management Assessment Questionnaire, and RD Form 4290–2, Part II, Exhibits. Upon receipt of the Letter of Conditions, the applicant has 24 months to raise their private equity capital. Once a selected applicant has achieved full compliance with the regulations governing licensing as an RBIC, the Agency will issue the non-leveraged license to the RBIC. VI. Administrative Information Applicable to This Notice A. Notifications (1) Eligibility. The Agency will notify the applicant in writing whether or not the application is determined to be eligible for participation in the RBIP. If an applicant is determined by the Agency to be ineligible, the Agency will provide the reason(s) the applicant was rejected. Such applicant will have review and appeal rights as specified in this Notice. (2) License. Each applicant receiving a ‘‘Green Light’’ letter will be notified whether or not the RBIC will be licensed after the Agency’s review of the updated RD Form 4290–1, Part I, Management Assessment Questionnaire, and RD Form 4290–2, Part II, Exhibits. B. Administrative and National Policy Requirements (1) Review or Appeal Rights. A person may seek a review of an adverse Agency decision under this Notice or appeal to the National Appeals Division in accordance with 7 CFR part 11. (2) Notification of Unfavorable Decisions. If at any time prior to license approval it is decided that favorable action will not be taken, the Agency will notify the applicant in writing of the decision and of the reasons why issuing a non-leveraged license was not favorably considered. The notification will inform the applicant of its rights to an informal review, mediation, and appeal of the decision in accordance with 7 CFR part 11. VII. Agency Contacts For further information about this Notice or for assistance with the program requirements, please contact PO 00000 Frm 00004 Fmt 4703 Sfmt 9990 the Specialty Programs Division, Room 4204–S, 1400 Independence Avenue SW., Washington, DC 20250–3226. Telephone: (202) 720–1400. VIII. Nondiscrimination Statement USDA prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or part of an individual’s income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA’s TARGET Center at (202) 720– 2600 (voice and TDD). If you wish to file a Civil Rights programs complaint of discrimination, complete the USDA Program Discrimination Complaint Form (PDF) found online at http:// www.ascr.usda.gov/ complain_filing_cust.html or at any USDA Office, or call (866) 632–9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Ave. SW., Washington, DC 20250–9410, by fax (202) 690–7442, or email at program.intake@usda.gov.employer. Individuals who are deaf, hard of hearing, or have speech disabilities and who wish to file either an EEO or program complaint, please contact USDA through the Federal Replay Service at (800) 877–8339 or (800) 845– 6136 (in Spanish). Persons with disabilities who wish to file a program complaint, please see information above on how to contact us by mail directly or by email. If you require alternative means of communication for program information (e.g., Braille, large print, audiotape, etc.), please contact USDA’s TARGET Center at (202) 720–2600 (voice and TDD). Dated: April 9, 2014. Lillian E. Salerno, Administrator, Rural Business-Cooperative Service. [FR Doc. 2014–09333 Filed 4–24–14; 8:45 am] BILLING CODE 3410–XY–P E:\FR\FM\25APN1.SGM 25APN1

Agencies

[Federal Register Volume 79, Number 80 (Friday, April 25, 2014)]
[Notices]
[Pages 22944-22946]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-09333]


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

DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service


Applications for Licensing as a Non-leveraged Rural Business 
Investment Company Under the Rural Business Investment Program

AGENCY: Rural Business-Cooperative Service, U.S. Department Agriculture 
(USDA).

ACTION: Notice.

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

SUMMARY: This Notice announces the acceptance of applications from 
newly-formed Rural Business Investment Companies (RBICs) who are 
interested in being licensed as non-leveraged RBICs under the Agency's 
Rural Business Investment Program (RBIP).

DATES: The Agency began accepting applications for non-leveraged status 
on August 6, 2012, and will accept applications for non-leveraged 
status on a continuous basis through July 29, 2016, or until such time 
the Agency determines otherwise.
    Beginning fiscal year (FY) 2014, the Agency will limit its review 
during a fiscal year to those applications it has received as of July 
29 of that year. A fiscal year is October 1 to September 30. Any 
application received after July 29 will be held for consideration in 
the following fiscal year. Unless otherwise identified by the Agency, 
the Agency will not consider any application submitted in response to 
this Notice that it receives after July 29, 2016.

[[Page 22945]]


ADDRESSES: Address for Application Submission: Completed applications 
must be sent to Specialty Programs Division, U.S. Department of 
Agriculture, Room Number 4204-S, 1400 Independence Avenue SW., 
Washington, DC 20250-3226.
    Address for Requesting Information: Application materials and other 
information may be requested by writing to Claudette Fernandez, 
Director, Specialty Programs Division, U.S. Department of Agriculture, 
Room 4204-S, 1400 Independence Avenue SW., Washington, DC 20250-3226.

FOR FURTHER INFORMATION CONTACT: Detailed information on the RBIP, 
including application materials and instructions, can be found on the 
Agency's Web site at http://www.rurdev.usda.gov/BCP_RBIP.html. You 
also may request information from the Agency by contacting Claudette 
Fernandez, Director, Specialty Programs Division, U.S. Department of 
Agriculture, Room 4204-S, 1400 Independence Avenue SW., Washington, DC 
20250-3226, at (202) 720-1400.

SUPPLEMENTARY INFORMATION:

Paperwork Reduction Act

    The Paperwork Reduction Act of 1995 defines ``collection of 
information'' as a requirement for ``answers to * * * identical 
reporting or recordkeeping requirements imposed on ten or more 
persons'' (44 U.S.C. 3502(3)(A)). The collection requirement associated 
with this Notice is expected to receive less than ten respondents and 
therefore the Act does not apply.

Overview Information

    Federal Agency Name. Rural Business-Cooperative Service.
    Opportunity Title. Rural Business Investment Program for Non-
leveraged RBICs.
    Announcement Type. Subsequent announcement.
    Catalog of Federal Domestic Assistance (CFDA) Number. The CFDA 
number for the program impacted by this action is 10.860, Rural 
Business Investment Program.
    Dates. The Agency began accepting applications for non-leveraged 
status on August 6, 2012, and will continue to accept applications for 
non-leveraged status through at least July 29, 2016, or until such time 
the Agency determines otherwise. Beginning fiscal year (FY) 2014, the 
Agency will limit its review during a fiscal year to those applications 
it has received as of July 29 of that year. A fiscal year is October 1 
to September 30. Any application received after July 29 will be held 
for consideration in the following fiscal year.
    Availability of Notice. This Notice is available on the USDA Rural 
Development Web site at: http://www.rurdev.usda.gov/BCP_RBIP.html.

I. Opportunity Description

    A. Background. The purpose of Subtitle H of the Consolidated Farm 
and Rural Development Act, as amended (7 U.S.C. 2009cc et seq.) is to 
promote economic development and the creation of wealth and job 
opportunities in rural areas and among individuals living in those 
areas through venture capital investments by for-profit RBICs.
    Prior to August 6, 2012, the Agency issued licenses to qualified 
RBICs as leveraged RBICs only. A notice published in the Federal 
Register on July 5, 2012, (77 FR 39675), informed the public that the 
Agency would begin accepting non-leveraged RBIC license applications on 
August 6, 2012. In the July 5, 2012, notice, the Agency indicated its 
intent to issue one non-leveraged license in FY 2012 and up to three 
licenses in FY 2013, depending on available resources.
    The purpose of this current Notice is to notify interested RBICs 
that the Agency is still accepting applications from qualified RBICs 
for licensing as non-leveraged RBICs under the RBIP. The Agency will 
continue to accept such applications through July 29, 2016, or until 
such other time the Agency determines otherwise.
    B. Program Authority. Subtitle H of the Consolidated Farm and Rural 
Development Act, as amended (7 U.S.C. 2009cc et seq.) establishes the 
RBIP.
    C. Definition of Terms. The terms defined in 7 CFR part 4290 are 
applicable to this Notice.

II. Licensing Information

    A. Number of Licenses. The Agency intends to issue no more than 
five non-leveraged RBIC licenses through FY 2016, subject to sufficient 
resources. However, additional applications for licenses may be 
considered if sufficient resources are made available.
    B. Type of License. Non-leveraged.

III. Eligibility Information

    Applicants and their applications are subject to the provisions of 
this Notice and to the provisions of 7 CFR part 4290. In order to be 
eligible for non-leveraged status under this Notice, the applicant must 
demonstrate that one or more Farm Credit System (FCS) institution(s) 
will invest in the RBIC and, individually or collectively, hold 10 
percent or more the applicant's total capital.

IV. Application and Submission Information

    A. Where to Obtain Applications. Applicants may obtain applications 
and other applicable application material from the Agency's Specialty 
Programs Division, as provided in the ADDRESSES section of this Notice. 
Because applications will be selected on a first-come, first-served 
basis, the Agency recommends that potential applicants who plan to 
request application materials via mail request such materials as soon 
as possible.
    Application materials may also be obtained via http://www.rurdev.usda.gov/BCP_RBIP.html or by contacting the Agency at the 
address and phone number provided in the ADDRESSES section of this 
Notice.
    B. Prior to Preparing Application. The Agency recommends that those 
interested in applying for non-leveraged licensing contact the Agency 
at the address and phone number provided in the ADDRESSES section of 
this Notice to determine the status of the non-leveraged program in 
order to avoid unnecessary expenditure of resources by the applicant. 
As noted earlier in this Notice, the Agency intends to issue up to five 
non-leveraged licenses through FY 2016 and, due to limited resources, 
the Agency may not be able to review more than two applications in any 
1 fiscal year.
    C. Content and Form of Submission. Applications must be submitted 
in accordance with the application instructions contained in this 
Notice and in 7 CFR 4290. Applicants must submit complete initial 
applications in order to be considered. Applications must be submitted 
in hard copy form and on a USB flash drive; applications sent by 
facsimile will not be accepted.
    Contents of the initial application include RD Form 4290-1, ``Rural 
Business Investment Program (RBIP) Application,'' Part I, Management 
Assessment Questionnaire (MAQ), and RD Form 4290-2, ``Rural Business 
Investment Program (RBIP) Application,'' Part II, Exhibits (exhibits A, 
D, E, F, G, K, L, P, V, and Z).
    Submit two complete, original hard copy sets of the RD Form 4290-1 
and RD Form 4290-2 (excluding Exhibit P, which is required in 
electronic form only). Place each of the two original sets in a large 
3-ring binder. Label the binders with the RBIC's name. Submit one 
complete and unbound one-sided hard copy of the MAQ and Exhibits 
suitable for photocopying (i.e., no hole punches, staples, paper clips, 
tabs, or binders).

[[Page 22946]]

    Applicants must enclose in their submission a nonrefundable 
licensing fee of $500 in the form of a check payable to USDA.
    C. When to Submit. The Agency is accepting applications for non-
leveraged status now through July 29, 2016, or until such time the 
Agency determines otherwise.
    D. Where to Submit. The applicant must submit the application 
material to the Agency's Specialty Programs Division as specified in 
the ADDRESSES section of this Notice.
    E. How to Submit. Applicants are encouraged to submit their 
applications via package/parcel service.

V. Program Provisions

    This section of the Notice identifies the procedures the Agency 
will use to process and select applicants for licensing as a non-
leveraged RBIC. More information about the RBIP is available in the 
regulation at 7 CFR part 4290.
    The Agency will review each application it receives in response to 
this Notice with regard to eligibility and completeness. If the 
application is incomplete, the Agency will notify the applicant of the 
information that is missing. The applicant must then provide the 
missing information in order for the Agency to further review the 
application.
    The Agency will select applicants for licensing as a non-leveraged 
RBIC on a first-come, first-served basis. The Agency will determine the 
order of applications based on the date the Agency receives a complete 
application. For example, if an application is received on July 1, but 
is incomplete, and the applicant supplies the Agency with the missing 
information on August 1, then that application will be considered for 
selection on the basis of the August 1 date-- the date on which the 
application was complete. Therefore, the Agency encourages applicants 
to ensure their applications are complete prior to submitting them.
    Only those applications that are eligible will be processed further 
for determining whether the applicant will be licensed as a non-
leveraged RBIC. However, not all applications received in response to 
this Notice will receive this further processing. For each application 
that receives further processing, the Agency or its designee will focus 
its assessment of the application on the consistency of the newly 
formed RBIC's business plan with the goals of the RBIP program and on 
the applicant's management team's qualifications. Following this 
assessment, if the initial recommendation is favorable, the Agency or 
its designee will interview the applicant's management team.
    Based on the assessment and interview, a preliminary determination 
will be made as to whether or not to select the applicant for non-
leveraged status. If the preliminary determination is favorable, the 
Agency will send to the applicant a Letter of Conditions (also known as 
a ``Green Light'' letter) and the applicant will be invited to submit 
an updated RD Form 4290-1, Part I, Management Assessment Questionnaire, 
and RD Form 4290-2, Part II, Exhibits. Upon receipt of the Letter of 
Conditions, the applicant has 24 months to raise their private equity 
capital. Once a selected applicant has achieved full compliance with 
the regulations governing licensing as an RBIC, the Agency will issue 
the non-leveraged license to the RBIC.

VI. Administrative Information Applicable to This Notice

 A. Notifications

    (1) Eligibility. The Agency will notify the applicant in writing 
whether or not the application is determined to be eligible for 
participation in the RBIP. If an applicant is determined by the Agency 
to be ineligible, the Agency will provide the reason(s) the applicant 
was rejected. Such applicant will have review and appeal rights as 
specified in this Notice.
    (2) License. Each applicant receiving a ``Green Light'' letter will 
be notified whether or not the RBIC will be licensed after the Agency's 
review of the updated RD Form 4290-1, Part I, Management Assessment 
Questionnaire, and RD Form 4290-2, Part II, Exhibits.

B. Administrative and National Policy Requirements

    (1) Review or Appeal Rights. A person may seek a review of an 
adverse Agency decision under this Notice or appeal to the National 
Appeals Division in accordance with 7 CFR part 11.
    (2) Notification of Unfavorable Decisions. If at any time prior to 
license approval it is decided that favorable action will not be taken, 
the Agency will notify the applicant in writing of the decision and of 
the reasons why issuing a non-leveraged license was not favorably 
considered. The notification will inform the applicant of its rights to 
an informal review, mediation, and appeal of the decision in accordance 
with 7 CFR part 11.

VII. Agency Contacts

    For further information about this Notice or for assistance with 
the program requirements, please contact the Specialty Programs 
Division, Room 4204-S, 1400 Independence Avenue SW., Washington, DC 
20250-3226. Telephone: (202) 720-1400.

VIII. Nondiscrimination Statement

    USDA prohibits discrimination in all its programs and activities on 
the basis of race, color, national origin, age, disability, and where 
applicable, sex, marital status, familial status, parental status, 
religion, sexual orientation, genetic information, political beliefs, 
reprisal, or because all or part of an individual's income is derived 
from any public assistance program. (Not all prohibited bases apply to 
all programs.) Persons with disabilities who require alternative means 
for communication of program information (Braille, large print, 
audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 
(voice and TDD).
    If you wish to file a Civil Rights programs complaint of 
discrimination, complete the USDA Program Discrimination Complaint Form 
(PDF) found online at http://www.ascr.usda.gov/complain_filing_cust.html or at any USDA Office, or call (866) 632-9992 to request the 
form. You may also write a letter containing all of the information 
requested in the form. Send your completed complaint form or letter to 
us by mail at U.S. Department of Agriculture, Director, Office of 
Adjudication, 1400 Independence Ave. SW., Washington, DC 20250-9410, by 
fax (202) 690-7442, or email at program.intake@usda.gov.employer.
    Individuals who are deaf, hard of hearing, or have speech 
disabilities and who wish to file either an EEO or program complaint, 
please contact USDA through the Federal Replay Service at (800) 877-
8339 or (800) 845-6136 (in Spanish).
    Persons with disabilities who wish to file a program complaint, 
please see information above on how to contact us by mail directly or 
by email. If you require alternative means of communication for program 
information (e.g., Braille, large print, audiotape, etc.), please 
contact USDA's TARGET Center at (202) 720-2600 (voice and TDD).

    Dated: April 9, 2014.
Lillian E. Salerno,
Administrator, Rural Business-Cooperative Service.
[FR Doc. 2014-09333 Filed 4-24-14; 8:45 am]
BILLING CODE 3410-XY-P