SBIC Licensing and Examination Fees Inflation Adjustment, 49087-49088 [2021-18856]

Download as PDF 49087 Federal Register / Vol. 86, No. 167 / Wednesday, September 1, 2021 / Notices If you are interested in more information on the proposal, or want to provide feedback on additional questions, click here. Comments should be received on or before October 1, 2021. Thank you! [FR Doc. 2021–18901 Filed 8–31–21; 8:45 am] BILLING CODE P SMALL BUSINESS ADMINISTRATION Change to SBA Secondary Market Program U.S. Small Business Administration. ACTION: Notice of change to secondary market program. AGENCY: The purpose of this Notice is to inform the public that the Small Business Administration (SBA) is making a change to its Secondary Market Loan Pooling Program. SBA is increasing the minimum maturity ratio for both SBA Standard Pools and Weighted-Average Coupon (WAC) Pools by 400 basis points, to 93.0%. The change described in this Notice is being made to cover the estimated cost of the timely payment guaranty for newly formed SBA 7(a) loan pools. This change will be incorporated, as needed, into the SBA Secondary Market Program Guide and all other appropriate SBA Secondary Market documents. DATES: This change will apply to SBA 7(a) loan pools with an issue date on or after October 1, 2021. ADDRESSES: Address comments concerning this Notice to John M. Wade, Chief Secondary Market Division, U.S. Small Business Administration, 409 3rd Street SW, Washington, DC 20416; or john.wade@sba.gov. FOR FURTHER INFORMATION CONTACT: John M. Wade, Chief, Secondary Market Division at 202–205–3647; or john.wade@sba.gov. SUPPLEMENTARY INFORMATION: The Secondary Market Improvements Act of 1984, 15 U.S.C. 634(f) through (h), authorized SBA to guarantee the timely payment of principal and interest on Pool Certificates. A Pool Certificate represents a fractional undivided interest in a ‘‘Pool,’’ which is an aggregation of SBA guaranteed portions of loans made by SBA Lenders under section 7(a) of the Small Business Act, 15 U.S.C. 636(a). In order to support the timely payment guaranty requirement, SBA established the Master Reserve Fund (MRF), which serves as a mechanism to cover the cost of SBA’s timely payment guaranty. Borrower payments on the guaranteed portions of pooled loans, as well as SBA guaranty khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:09 Aug 31, 2021 Jkt 253001 payments on defaulted pooled loans, are deposited into the MRF. Funds are held in the MRF until distributions are made to investors (Registered Holders) of Pool Certificates. The interest earned on the borrower payments and the SBA guaranty payments deposited into the MRF supports the timely payments made to Registered Holders. From time to time, SBA provides guidance to SBA Pool Assemblers on the required loan and pool characteristics necessary to form a Pool. These characteristics include, among other things, the minimum number of guaranteed portions of loans required to form a Pool, the allowable difference between the highest and lowest gross and net note rates of the guaranteed portions of loans in a Pool, and the minimum maturity ratio of the guaranteed portions of loans in a Pool. The minimum maturity ratio is equal to the ratio of the shortest and the longest remaining term to maturity of the guaranteed portions of loans in a Pool. Based on SBA’s expectations as to the performance of future Pools, SBA has determined that for pools formed on or after October 1, 2021, SBA Pool Assemblers may decrease the difference between the shortest and the longest remaining term of the guaranteed portions of loans in a Pool by 4 percentage points (i.e., increasing the minimum maturity ratio by 400 basis points). SBA does not expect a 4 percentage point increase in the minimum maturity ratio to have an adverse impact on either the program or the participants in the program. Therefore, effective October 1, 2021, all guaranteed portions of loans in Standard Pools and WAC Pools presented for settlement with SBA’s Fiscal Transfer Agent will be required to have a minimum maturity ratio of at least 93.0%. SBA is making this change pursuant to Section 5(g)(2) of the Small Business Act, 15 U.S.C. 634(g)(2). SBA will continue to monitor loan and pool characteristics and will provide notification of additional changes as necessary. It is important to note that there is no change to SBA’s obligation to honor its guaranty of the amounts owed to Registered Holders of Pool Certificates and that such guaranty continues to be backed by the full faith and credit of the United States. This program change will be incorporated as necessary into SBA’s Secondary Market Guide and all other appropriate SBA Secondary Market documents. As indicated above, this change will be effective for Standard PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 Pools and WAC Pools with an issue date on or after October 1, 2021. John M. Wade, Chief, Secondary Market Division, Office of Capital Access. [FR Doc. 2021–18858 Filed 8–31–21; 8:45 am] BILLING CODE P SMALL BUSINESS ADMINISTRATION SBIC Licensing and Examination Fees Inflation Adjustment U.S. Small Business Administration. AGENCY: ACTION: Notice of SBIC fee increases. The U.S. Small Business Administration (SBA) is providing notice of the increased licensing and examination fees charged to Small Business Investment Companies (SBICs) due to the annual inflation adjustment required under SBIC program regulations. SUMMARY: The changes to the SBIC program licensing and examination fees identified in this notice take effect on October 1, 2021. DATES: FOR FURTHER INFORMATION CONTACT: Steve Knott, Office of Investment and Innovation, at 202–205–7731 or steve.knott@sba.gov. Beginning October 1, 2021, the SBIC program regulations at 13 CFR 107.300(b)(2) and 107.692(b)(2) require SBA to annually adjust the licensing and examination fees for SBICs using the Inflation Adjustment defined in 13 CFR 107.50. This document provides notice of that adjustment. The table below identifies the amounts of the adjusted licensing and examination fees payable by SBICs and SBIC license applicants, which become effective on October 1, 2021. SUPPLEMENTARY INFORMATION: SBIC fee type Fees amounts (effective Oct. 1, 2021) Licensing Fees (§ 107.300) Initial Licensing Fee § 107.300(a) ...................... Final Licensing Fee § 107.300(b) ...................... $10,500 36,900 Examination Fees (§ 107.692(b)) Minimum Base Fee .............. Maximum Base Fee for nonLeveraged SBICs .............. Maximum Base Fee for Leveraged SBICs .................. E:\FR\FM\01SEN1.SGM 01SEN1 9,500 31,600 46,400 49088 Federal Register / Vol. 86, No. 167 / Wednesday, September 1, 2021 / Notices (Authority: 15 U.S.C. 681(e) and 687b(b), 13 CFR 107.300 and 107.692) Thomas Morris, Acting Deputy Associate Administrator, Office of Investment and Innovation. for purposes of publication in the Federal Register. Cathy Coffey, Senior Program Manager, Tennessee Valley Authority. [FR Doc. 2021–18867 Filed 8–31–21; 8:45 am] [FR Doc. 2021–18856 Filed 8–31–21; 8:45 am] BILLING CODE 8120–08–P BILLING CODE 8026–03–P DEPARTMENT OF TRANSPORTATION TENNESSEE VALLEY AUTHORITY Federal Aviation Administration Charter Renewal of the Regional Energy Resource Council [Summary Notice No. –2022–2111] AGENCY: Petition for Exemption; Summary of Petition Received; Corvus Airlines Inc. (dba Ravn Alaska) Tennessee Valley Authority (TVA). Pursuant to the Federal Advisory Committee Act (FACA), the TVA Board of Directors has renewed the Regional Energy Resource Council (RERC) charter for an additional twoyear period beginning on July 30, 2021. SUMMARY: FOR FURTHER INFORMATION CONTACT: Cathy Coffey, 865–632–4494, ccoffey@ tva.gov. Pursuant to FACA and its implementing regulations, and following consultation with the Committee Management Secretariat, General Services Administration (GSA) in accordance with 41 CFR 102–3.60(a), notice is hereby given that the RERC has been renewed for a two-year period beginning July 30, 2021. The RERC will provide advice to TVA on its issues affecting energy resource activities. The RERC was originally established in 2013 to advise TVA on its energy resource activities and the priority to be placed among competing objectives and values. It has been determined that the RERC continues to be needed to provide an additional mechanism for public input regarding energy resource issues. Additionally, we would like to correct the error in the Summary section of the April 28, 2020, Regional Resource Stewardship Council renewal notice published in the Federal Register that misidentified the council as the Regional Energy Resource Council. khammond on DSKJM1Z7X2PROD with NOTICES SUPPLEMENTARY INFORMATION: Dated: August 26, 2021. The DFO of the Tennessee Valley Authority and Vice President of External Strategy & Regulatory Affairs, Melanie Farrell, having reviewed and approved this document, is delegating the authority to sign this document to Cathy Coffey, Senior Program Manager of Stakeholder Relations, VerDate Sep<11>2014 17:09 Aug 31, 2021 Jkt 253001 Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Notice. AGENCY: Renewal of Federal Advisory Committee. ACTION: This notice contains a summary of a petition seeking relief from specified requirements of Federal Aviation Regulations. The purpose of this notice is to improve the public’s awareness of, and participation in, FAA’s exemption process. Neither publication of this notice nor the inclusion nor omission of information in the summary is intended to affect the legal status of the petition or its final disposition. SUMMARY: Comments on this petition must identify the petition docket number and must be received on or before September 21, 2021. ADDRESSES: Send comments identified by docket number FAA–2021–0423 using any of the following methods: • Federal eRulemaking Portal: Go to https://www.regulations.gov and follow the online instructions for sending your comments electronically. • Mail: Send comments to Docket Operations, M–30; U.S. Department of Transportation, 1200 New Jersey Avenue SE, Room W12–140, West Building Ground Floor, Washington, DC 20590–0001. • Hand Delivery or Courier: Take comments to Docket Operations in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC 20590– 0001, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. • Fax: Fax comments to Docket Operations at (202) 493–2251. Privacy: In accordance with 5 U.S.C. 553(c), DOT solicits comments from the public to better inform its rulemaking process. DOT posts these comments, without edit, including any personal information the commenter provides, to DATES: PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 https://www.regulations.gov, as described in the system of records notice (DOT/ALL–14 FDMS), which can be reviewed at https://www.dot.gov/ privacy. Docket: Background documents or comments received may be read at https://www.regulations.gov at any time. Follow the online instructions for accessing the docket or go to the Docket Operations in Room W12–140 of the West Building Ground Floor at 1200 New Jersey Avenue SE, Washington, DC 20590–0001, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: Tiffany Jackson (202–267–9677), Office of Rulemaking, Federal Aviation Administration, 800 Independence Avenue SW, Washington, DC 20591. This notice is published pursuant to 14 CFR 11.85. Issued in Washington, DC. Timothy Adams, Acting Executive Director, Office of Rulemaking. Petition for Exemption Docket No.: FAA–2021–0423. Petitioner: Corvus Airlines dba Ravn Alaska. Section(s) of 14 CFR Affected: § 121.407(a)(1)(ii). Description of Relief Sought: The petitioner operates a De Havilland (DHC) DHC–8–103 and DHC–8–106 series aircraft and seeks relief from § 121.407(a)(1)(ii) of Title 14, Code of Federal Regulations (14 CFR) to allow flightcrew training and checking to be conducted in a De Havilland DHC–8– 200 series simulator and operate the Dash-8–100 series aircraft. [FR Doc. 2021–18793 Filed 8–31–21; 8:45 am] BILLING CODE 4910–13–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration Safety Oversight and Certification Advisory Committee; Meeting Federal Aviation Administration (FAA), DOT. ACTION: Notice of Safety Oversight and Certification Advisory Committee (SOCAC) meeting. AGENCY: This notice announces a meeting of the SOCAC. DATES: The meeting will be held on September 22, 2021, from 1:00 p.m. to 3:00 p.m. Eastern Daylight Time. Requests to attend the meeting must be received by September 13, 2021. SUMMARY: E:\FR\FM\01SEN1.SGM 01SEN1

Agencies

[Federal Register Volume 86, Number 167 (Wednesday, September 1, 2021)]
[Notices]
[Pages 49087-49088]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-18856]


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

SMALL BUSINESS ADMINISTRATION


SBIC Licensing and Examination Fees Inflation Adjustment

AGENCY: U.S. Small Business Administration.

ACTION: Notice of SBIC fee increases.

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

SUMMARY: The U.S. Small Business Administration (SBA) is providing 
notice of the increased licensing and examination fees charged to Small 
Business Investment Companies (SBICs) due to the annual inflation 
adjustment required under SBIC program regulations.

DATES: The changes to the SBIC program licensing and examination fees 
identified in this notice take effect on October 1, 2021.

FOR FURTHER INFORMATION CONTACT: Steve Knott, Office of Investment and 
Innovation, at 202-205-7731 or [email protected].

SUPPLEMENTARY INFORMATION: Beginning October 1, 2021, the SBIC program 
regulations at 13 CFR 107.300(b)(2) and 107.692(b)(2) require SBA to 
annually adjust the licensing and examination fees for SBICs using the 
Inflation Adjustment defined in 13 CFR 107.50. This document provides 
notice of that adjustment. The table below identifies the amounts of 
the adjusted licensing and examination fees payable by SBICs and SBIC 
license applicants, which become effective on October 1, 2021.

------------------------------------------------------------------------
                                                           Fees amounts
                      SBIC fee type                         (effective
                                                           Oct. 1, 2021)
------------------------------------------------------------------------
                     Licensing Fees (Sec.   107.300)
------------------------------------------------------------------------
Initial Licensing Fee Sec.   107.300(a).................         $10,500
Final Licensing Fee Sec.   107.300(b)...................          36,900
------------------------------------------------------------------------
                  Examination Fees (Sec.   107.692(b))
------------------------------------------------------------------------
Minimum Base Fee........................................           9,500
Maximum Base Fee for non-Leveraged SBICs................          31,600
Maximum Base Fee for Leveraged SBICs....................          46,400
------------------------------------------------------------------------



[[Page 49088]]

(Authority: 15 U.S.C. 681(e) and 687b(b), 13 CFR 107.300 and 
107.692)

Thomas Morris,
Acting Deputy Associate Administrator, Office of Investment and 
Innovation.
[FR Doc. 2021-18856 Filed 8-31-21; 8:45 am]
BILLING CODE 8026-03-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.