Small Business Investment Company (SBIC) Program: Update to TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline Investments, 39452 [2014-16166]

Download as PDF 39452 Federal Register / Vol. 79, No. 132 / Thursday, July 10, 2014 / Notices The hearing will be held on Thursday, July 31, 2014, from 9:00 a.m. to 1:00 p.m. (PST). ADDRESSES: The meeting will be at the Cupertino Community Hall, 10350 Torre Avenue, Cupertino, CA 95014. SUPPLEMENTARY INFORMATION: Pursuant to the Small Business Regulatory Enforcement Fairness Act (Pub. L. 104– 121), Sec. 222, SBA announces the meeting for Small Business Owners, Business Organizations, Trade Associations, Chambers of Commerce and related organizations serving small business concerns to report experiences regarding unfair or excessive Federal regulatory enforcement issues affecting their members. FOR FURTHER INFORMATION CONTACT: The hearing is open to the public; however, advance notice of attendance is requested. Anyone wishing to attend and/or make a presentation at the ´ Cupertino, CA hearing must contact Jose ´ Mendez by July 24, 2014 in writing, by fax or email in order to be placed on the agenda. For further information, please ´ ´ contact Jose Mendez, Case Management Specialist, Office of the National Ombudsman, 409 3rd Street SW., Suite 7125, Washington, DC 20416, by phone (202) 205–6178 and fax (202) 481–5719. Additionally, if you need accommodations because of a disability, translation services, or require additional information, please contact ´ ´ Jose Mendez as well. For more information on the Office of the National Ombudsman, see our Web site at www.sba.gov/ombudsman. DATES: Dated: July 3, 2014. Diana Doukas, SBA Committee Management Officer. [FR Doc. 2014–16143 Filed 7–9–14; 8:45 am] BILLING CODE P SMALL BUSINESS ADMINISTRATION Small Business Investment Company (SBIC) Program: Update to TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline Investments Small Business Administration. Notice; request for comments on updated TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline Investments. AGENCY: mstockstill on DSK4VPTVN1PROD with NOTICES ACTION: SUMMARY: The Small Business Administration (SBA) intends to update TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline Investments (TechNote 9) to conform to changes to the overline regulation that have occurred and explain the process SBICs have to follow to obtain SBA’s VerDate Mar<15>2010 18:38 Jul 09, 2014 Jkt 232001 prior written exemption for an overline investment. The SBA welcomes comments from the public on how to achieve these objectives. DATES: Comments on TechNote 9 must be submitted within 30 days from the date of this public notice. ADDRESSES: Submit your comments, identified by Docket ID No. SBA–2014– 0010, at www.regulations.gov. Comments may only be submitted at this Web address; follow the instructions on the Web site for submitting comments. All comments received will be included in the public docket without change and will be available online at www.regulations.gov. All submissions, including attachments and other supporting materials, will become part of the public record and subject to public disclosure. Sensitive information and information that you consider to be Confidential Business Information or otherwise protected should not be included. Submissions will not be edited to remove any identifying or contact information. FOR FURTHER INFORMATION CONTACT: Paul Salgado, Office of SBIC Operations, at (202) 205–7605. SUPPLEMENTARY INFORMATION: The SBIC Program is one of the financial assistance programs available through SBA. The SBIC Program was established under the Small Business Investment Act of 1958, as amended. SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses. In April 2002, SBA issued TechNote 9 to establish general guidelines regarding overline investments and to describe the process for obtaining SBA’s prior written approval for overline investments pursuant to the SBA regulations governing the SBIC Program (13 CFR part 107). Since that time, significant changes to the overline regulations have occurred. In addition, SBICs must now obtain SBA’s prior written exemption to make an overline investment. This TechNote 9 updates and replaces the April 2002 TechNote 9 to describe the general changes to the regulation and explain the process SBICs have to follow to obtain SBA’s prior written exemption for an overline investment. SBICs are required to follow the procedures in TechNote 9 to obtain approval for an overline investment. The updated TechNote 9 is available at https://www.sba.gov/sites/default/files/ files/TechNote_9.pdf. SBA is soliciting PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 comments and recommendations from the public on the updated TechNote 9 and will consider such comments when revising it. The SBA will not issue another notice in the Federal Register but will post the final revised version of the updated TechNote 9 on the SBIC Web site at https://www.sba.gov/sites/ default/files/files/SBICTechnote09.pdf. Authority: 15 U.S.C. 681. Dated: July 2, 2014. Javier E. Saade, Associate Administrator, Office of Investment and Innovation. [FR Doc. 2014–16166 Filed 7–9–14; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINISTRATION Surrender of License of Small Business Investment Company Pursuant to the authority granted to the United States Small Business Administration under the Small Business Investment Act of 1958, as amended, under Section 309 of the Act and Section 107.1900 of the Small Business Administration Rules and Regulations (13 CFR 107.1900) to function as a small business investment company under the Small Business Investment Company License No. 04/ 04–0183 issued to Western Financial Capital Corporation, said license is hereby declared null and void. United States Small Business Administration. Dated: July 2, 2014. Javier E. Saade, Associate Administrator for Investment and Innovation. [FR Doc. 2014–16163 Filed 7–9–14; 8:45 am] BILLING CODE 8025–01–P SMALL BUSINESS ADMINSTRATION Surrender of License of Small Business Investment Company Pursuant to the authority granted to the United States Small Business Administration under the Small Business Investment Act of 1958, as amended, under Section 309 of the Act and Section 107.1900 of the Small Business Administration Rules and Regulations (13 CFR 107.1900) to function as a small business investment company under the Small Business Investment Company License No. 04/ 04–5240 issued to PMC Investment Corporation, said license is hereby declared null and void. Dated: July 2, 2014. E:\FR\FM\10JYN1.SGM 10JYN1

Agencies

[Federal Register Volume 79, Number 132 (Thursday, July 10, 2014)]
[Notices]
[Page 39452]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16166]


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

SMALL BUSINESS ADMINISTRATION


Small Business Investment Company (SBIC) Program: Update to 
TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline 
Investments

AGENCY: Small Business Administration.

ACTION: Notice; request for comments on updated TechNote 9: Guidance 
for Obtaining a Regulatory Exemption for Overline Investments.

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

SUMMARY: The Small Business Administration (SBA) intends to update 
TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline 
Investments (TechNote 9) to conform to changes to the overline 
regulation that have occurred and explain the process SBICs have to 
follow to obtain SBA's prior written exemption for an overline 
investment. The SBA welcomes comments from the public on how to achieve 
these objectives.

DATES: Comments on TechNote 9 must be submitted within 30 days from the 
date of this public notice.

ADDRESSES: Submit your comments, identified by Docket ID No. SBA-2014-
0010, at www.regulations.gov. Comments may only be submitted at this 
Web address; follow the instructions on the Web site for submitting 
comments.
    All comments received will be included in the public docket without 
change and will be available online at www.regulations.gov. All 
submissions, including attachments and other supporting materials, will 
become part of the public record and subject to public disclosure. 
Sensitive information and information that you consider to be 
Confidential Business Information or otherwise protected should not be 
included. Submissions will not be edited to remove any identifying or 
contact information.

FOR FURTHER INFORMATION CONTACT: Paul Salgado, Office of SBIC 
Operations, at (202) 205-7605.

SUPPLEMENTARY INFORMATION: The SBIC Program is one of the financial 
assistance programs available through SBA. The SBIC Program was 
established under the Small Business Investment Act of 1958, as 
amended. SBICs are privately owned and managed investment funds, 
licensed and regulated by SBA, that use their own capital plus funds 
borrowed with an SBA guarantee to make equity and debt investments in 
qualifying small businesses.
    In April 2002, SBA issued TechNote 9 to establish general 
guidelines regarding overline investments and to describe the process 
for obtaining SBA's prior written approval for overline investments 
pursuant to the SBA regulations governing the SBIC Program (13 CFR part 
107). Since that time, significant changes to the overline regulations 
have occurred. In addition, SBICs must now obtain SBA's prior written 
exemption to make an overline investment. This TechNote 9 updates and 
replaces the April 2002 TechNote 9 to describe the general changes to 
the regulation and explain the process SBICs have to follow to obtain 
SBA's prior written exemption for an overline investment. SBICs are 
required to follow the procedures in TechNote 9 to obtain approval for 
an overline investment. The updated TechNote 9 is available at https://www.sba.gov/sites/default/files/files/TechNote_9.pdf. SBA is 
soliciting comments and recommendations from the public on the updated 
TechNote 9 and will consider such comments when revising it. The SBA 
will not issue another notice in the Federal Register but will post the 
final revised version of the updated TechNote 9 on the SBIC Web site at 
https://www.sba.gov/sites/default/files/files/SBICTechnote09.pdf.

    Authority: 15 U.S.C. 681.

     Dated: July 2, 2014.
Javier E. Saade,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2014-16166 Filed 7-9-14; 8:45 am]
BILLING CODE 8025-01-P
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