Small Business Development Centers; Correction, 17716-17717 [2024-05146]
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Federal Register / Vol. 89, No. 49 / Tuesday, March 12, 2024 / Rules and Regulations
X. Regulatory Flexibility Act
The Regulatory Flexibility Act (5
U.S.C. 601 et seq.) requires that a
regulation that has a significant
economic impact on a substantial
number of small entities, small
businesses, or small organizations must
include an initial regulatory flexibility
analysis describing the regulation’s
impact on small entities. FHFA need not
undertake such an analysis if the agency
has certified that the regulation will not
have a significant economic impact on
a substantial number of small entities. 5
U.S.C. 605(b). FHFA has considered the
impact of the final rule under the
Regulatory Flexibility Act and FHFA
certifies that the final rule will not have
a significant economic impact on a
substantial number of small entities
because the final rule applies only to
Fannie Mae, Freddie Mac, and the
Banks, which are not small entities for
purposes of the Regulatory Flexibility
Act.
XI. Congressional Review Act
In accordance with the Congressional
Review Act (5 U.S.C. 801 et seq.), FHFA
has determined that this final rule is a
major rule and has verified this
determination with OMB.
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XII. Consideration of Differences
Between the Banks and the Enterprises
When promulgating regulations
relating to the Banks, section 1313(f) of
the Safety and Soundness Act requires
the Director of FHFA to consider the
differences between the Banks and the
Enterprises with respect to: the Banks’
cooperative ownership structure;
mission of providing liquidity to
members and housing associates;
affordable housing and community
development mission; capital structure;
and joint and several liability. In the
proposed PTFC rule’s preamble, FHFA
requested comments regarding whether
differences related to those factors
should result in any additional or other
revisions to the proposed PTFC rule. No
commenter on the proposed PTFC rule
supported amending the PTFC
Regulation to apply different criteria to
the Banks or the Enterprises.
In preparing this final rule, FHFA
considered the differences between the
Banks and the Enterprises as they relate
to the above factors and the lack of
comments supporting applying different
criteria to the Banks or the Enterprises.
FHFA determined that the final rule is
appropriate as it would have no impact
on four of the five factors and could
have a modest, positive impact on the
fifth factor—the mission of providing
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liquidity to Bank members and housing
associates.
§ 1282.34(d)(4)(i)(A) and (d)(4)(ii) of this
chapter.
List of Subjects in 12 CFR Part 1228
Sandra L. Thompson,
Director, Federal Housing Finance Agency.
Banks, Banking, Condominiums,
Cooperatives, Federal Home Loan
Banks, Government-sponsored
enterprises, Investments, Loan
programs¥housing and community
development, Low and moderate
income housing, Mortgages, Nonprofit
organizations, Real property acquisition,
Securities.
For the reasons stated in the
preamble, and under the authority of 12
U.S.C. 4526, FHFA amends part 1228 of
chapter XII of title 12 of the Code of
Federal Regulations as follows:
PART 1228—RESTRICTIONS ON THE
ACQUISITION OF, OR TAKING
SECURITY INTERESTS IN,
MORTGAGES ON PROPERTIES
ENCUMBERED BY CERTAIN PRIVATE
TRANSFER FEE COVENANTS AND
RELATED SECURITIES
1. The authority citation for part 1228
is revised to read as follows:
■
Authority: 12 U.S.C. 4511, 4513, 4526,
4565, 4616, 4617, 4631.
2. Amend § 1228.1 by revising the
definition of ‘‘Excepted transfer fee
covenant’’ to read as follows:
■
§ 1228.1
Definitions.
*
*
*
*
*
Excepted transfer fee covenant means
a private transfer fee covenant that:
(1) Requires payment of a private
transfer fee to a covered association and
limits the use of such transfer fees
exclusively to purposes which provide
a direct benefit to the real property
encumbered by the private transfer fee
covenants; or
(2) Requires payment of a private
transfer fee under a program meeting the
Duty to Serve shared equity loan
program criteria for resale restriction
programs in § 1282.34(d)(4)(i)(A) and
(d)(4)(ii) of this chapter, except that no
household income limit shall apply.
*
*
*
*
*
■
3. Revise § 1228.3 to read as follows:
§ 1228.3
Limitation on applicability.
This part is not applicable to shared
equity loans, or related securities, with
promissory note dates prior to July 1,
2023, regardless of whether the loans
met the Duty to Serve shared equity
loan program criteria for resale
restriction programs in
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[FR Doc. 2024–05194 Filed 3–11–24; 8:45 am]
BILLING CODE 8070–01–P
SMALL BUSINESS ADMINISTRATION
13 CFR Part 130
RIN 3245–AE05
Small Business Development Centers;
Correction
U.S. Small Business
Administration.
AGENCY:
Final rule; correcting
amendments.
ACTION:
The U.S. Small Business
Administration (SBA or the Agency) is
correcting a final rule published in the
Federal Register on November 7, 2023.
The rule updated the regulations for the
Small Business Development Centers
Program (the SBDC Program or the
Program).
SUMMARY:
This correction is effective
March 12, 2024.
DATES:
FOR FURTHER INFORMATION CONTACT:
Rachel Karton, Program Manager for the
SBDC Program, at 202–205–6766 or
rachel.newman-karton@sba.gov.
In a final
rule published on November 7, 2023 (88
FR 76625), SBA incorporated the
Uniform Guidance at 2 CFR part 200 on
receiving and using Federal awards;
made various revisions to align the
regulations with the text of the SBDC
statute; and adopted the proposed rule
with changes from the comments
received in response to the publication
of the NPRM. This correction to the
final rule makes three clarifications.
First, it clarifies the basis on which the
Administrator may make an exception
to the client privacy restriction of
§ 130.380. Second, it corrects the
definition of ‘‘Overmatched amount’’ in
§ 130.110 to match the guidelines
provided in § 130.450(g). Finally, it
revises the last sentence in
§ 130.450(g)(3).
SUPPLEMENTARY INFORMATION:
List of Subjects in 13 CFR Part 130
Grant programs—business, Small
businesses, Technical assistance.
Accordingly, the Small Business
Administration amends 13 CFR part 130
by making the following correcting
amendments:
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Federal Register / Vol. 89, No. 49 / Tuesday, March 12, 2024 / Rules and Regulations
ACTION:
PART 130—SMALL BUSINESS
DEVELOPMENT CENTERS
Authority: 15 U.S.C. 634(b)(6), 648, and
648 note.
2. Amend § 130.110 by revising the
definition of ‘‘Overmatched amount’’ to
read as follows:
■
Definitions.
*
*
*
*
*
Overmatched amount. Overmatched
amounts are those which are derived
from eligible matching sources; are
reasonable, allowable, and allocable to
the SBDC program; are over and above
the minimum match required to the
federal expenditures; and are included
on the required SBDC financial
reporting to SBA for the project period.
*
*
*
*
*
■ 3. Amend § 130.380 by revising
paragraph (a)(2) to read as follows:
§ 130.380
Client privacy.
(a) * * *
(2) The Administrator considers such
a disclosure to be necessary for the
purpose of conducting a financial audit
of a small business development center,
not including those required under
§ 130.830; or
*
*
*
*
*
■ 4. Amend § 130.450 by revising the
last sentence in paragraph (g)(3) to read
as follows:
§ 130.450
Matching funds.
*
*
*
*
*
(g) * * *
(3) * * * Such offsetting funds may
be applied to Federal or matching
accounts.
*
*
*
*
*
Mark Madrid,
Associate Administrator, Office of
Entrepreneurial Development.
[FR Doc. 2024–05146 Filed 3–11–24; 8:45 am]
BILLING CODE 8026–09–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
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14 CFR Part 39
[Docket No. FAA–2023–2141; Project
Identifier MCAI–2023–00689–T; Amendment
39–22672; AD 2024–03–03]
RIN 2120–AA64
Airworthiness Directives; Airbus SAS
Airplanes
Federal Aviation
Administration (FAA), DOT.
AGENCY:
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The FAA is adopting a new
airworthiness directive (AD) for all
Airbus SAS Model A350–941 and –1041
airplanes. This AD was prompted by
reports of corrosion on lavatory floor
fittings at various locations. This AD
requires repetitive general visual
inspections of the affected parts,
applicable corrective actions, and
reporting of the inspection results, as
specified in a European Union Aviation
Safety Agency (EASA) AD, which is
incorporated by reference. The FAA is
issuing this AD to address the unsafe
condition on these products.
DATES: This AD is effective April 16,
2024.
The Director of the Federal Register
approved the incorporation by reference
of a certain publication listed in this AD
as of April 16, 2024.
ADDRESSES:
AD Docket: You may examine the AD
docket at regulations.gov under Docket
No. FAA–2023–2141; or in person at
Docket Operations between 9 a.m. and
5 p.m., Monday through Friday, except
Federal holidays. The AD docket
contains this final rule, the mandatory
continuing airworthiness information
(MCAI), any comments received, and
other information. The address for
Docket Operations is U.S. Department of
Transportation, Docket Operations, M–
30, West Building Ground Floor, Room
W12–140, 1200 New Jersey Avenue SE,
Washington, DC 20590.
Material Incorporated by Reference:
• For EASA material incorporated by
reference in this AD, contact EASA,
Konrad-Adenauer-Ufer 3, 50668
Cologne, Germany; telephone +49 221
8999 000; email ADs@easa.europa.eu;
website easa.europa.eu. You may find
this material on the EASA website at
ad.easa.europa.eu.
• You may view this material at the
FAA, Airworthiness Products Section,
Operational Safety Branch, 2200 South
216th St., Des Moines, WA. For
information on the availability of this
material at the FAA, call 206–231–3195.
It is also available in the AD docket at
regulations.gov under Docket No. FAA–
2023–2141.
FOR FURTHER INFORMATION CONTACT: Dat
Le, Aviation Safety Engineer, FAA, 1600
Stewart Avenue, Suite 410, Westbury,
NY 11590; telephone 516–228–7317;
email dat.v.le@faa.gov.
SUPPLEMENTARY INFORMATION:
SUMMARY:
1. The authority citation for part 130
continues to read as follows:
■
§ 130.110
Final rule.
Background
The FAA issued a notice of proposed
rulemaking (NPRM) to amend 14 CFR
part 39 by adding an AD that would
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17717
apply to all Airbus SAS Model A350–
941 and –1041 airplanes. The NPRM
published in the Federal Register on
November 3, 2023 (88 FR 75520). The
NPRM was prompted by AD 2023–0102,
dated May 17, 2023, issued by EASA,
which is the Technical Agent for the
Member States of the European Union
(EASA AD 2023–0102) (also referred to
as the MCAI). The MCAI states there are
reports of corrosion on lavatory floor
fittings at various locations on Model
A350 airplanes.
In the NPRM, the FAA proposed to
require repetitive general visual
inspections of the affected parts,
applicable corrective actions, and
reporting of inspection results, as
specified in EASA AD 2023–0102. The
FAA is issuing this AD to address the
corrosion, which could lead to lavatory
module detachment, with consequent
injury to cabin crew and passengers,
and possibly result in reduced
evacuation capacity from the airplane in
case of an emergency.
You may examine the MCAI in the
AD docket at regulations.gov under
Docket No. FAA–2023–2141.
Discussion of Final Airworthiness
Directive
Comments
The FAA received no comments on
the NPRM or on the determination of
the cost to the public.
Conclusion
This product has been approved by
the aviation authority of another
country and is approved for operation in
the United States. Pursuant to the FAA’s
bilateral agreement with this State of
Design Authority, it has notified the
FAA of the unsafe condition described
in the MCAI referenced above. The FAA
reviewed the relevant data and
determined that air safety requires
adopting this AD as proposed.
Accordingly, the FAA is issuing this AD
to address the unsafe condition on this
product. Except for minor editorial
changes, this AD is adopted as proposed
in the NPRM. None of the changes will
increase the economic burden on any
operator.
Related Service Information Under 1
CFR Part 51
EASA AD 2023–0102 specifies
procedures for repetitive general visual
inspections for corrosion and other
damage (including cracks, pitting,
discoloration, and dents) of the affected
lavatory floor fittings and, depending on
findings, corrective actions including
repair or replacement. EASA AD 2023–
0102 also requires reporting of the
inspection results after each inspection.
E:\FR\FM\12MRR1.SGM
12MRR1
]]>Agencies
[Federal Register Volume 89, Number 49 (Tuesday, March 12, 2024)]
[Rules and Regulations]
[Pages 17716-17717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-05146]
=======================================================================
-----------------------------------------------------------------------
SMALL BUSINESS ADMINISTRATION
13 CFR Part 130
RIN 3245-AE05
Small Business Development Centers; Correction
AGENCY: U.S. Small Business Administration.
ACTION: Final rule; correcting amendments.
-----------------------------------------------------------------------
SUMMARY: The U.S. Small Business Administration (SBA or the Agency) is
correcting a final rule published in the Federal Register on November
7, 2023. The rule updated the regulations for the Small Business
Development Centers Program (the SBDC Program or the Program).
DATES: This correction is effective March 12, 2024.
FOR FURTHER INFORMATION CONTACT: Rachel Karton, Program Manager for the
SBDC Program, at 202-205-6766 or [email protected].
SUPPLEMENTARY INFORMATION: In a final rule published on November 7,
2023 (88 FR 76625), SBA incorporated the Uniform Guidance at 2 CFR part
200 on receiving and using Federal awards; made various revisions to
align the regulations with the text of the SBDC statute; and adopted
the proposed rule with changes from the comments received in response
to the publication of the NPRM. This correction to the final rule makes
three clarifications. First, it clarifies the basis on which the
Administrator may make an exception to the client privacy restriction
of Sec. 130.380. Second, it corrects the definition of ``Overmatched
amount'' in Sec. 130.110 to match the guidelines provided in Sec.
130.450(g). Finally, it revises the last sentence in Sec.
130.450(g)(3).
List of Subjects in 13 CFR Part 130
Grant programs--business, Small businesses, Technical assistance.
Accordingly, the Small Business Administration amends 13 CFR part
130 by making the following correcting amendments:
[[Page 17717]]
PART 130--SMALL BUSINESS DEVELOPMENT CENTERS
0
1. The authority citation for part 130 continues to read as follows:
Authority: 15 U.S.C. 634(b)(6), 648, and 648 note.
0
2. Amend Sec. 130.110 by revising the definition of ``Overmatched
amount'' to read as follows:
Sec. 130.110 Definitions.
* * * * *
Overmatched amount. Overmatched amounts are those which are derived
from eligible matching sources; are reasonable, allowable, and
allocable to the SBDC program; are over and above the minimum match
required to the federal expenditures; and are included on the required
SBDC financial reporting to SBA for the project period.
* * * * *
0
3. Amend Sec. 130.380 by revising paragraph (a)(2) to read as follows:
Sec. 130.380 Client privacy.
(a) * * *
(2) The Administrator considers such a disclosure to be necessary
for the purpose of conducting a financial audit of a small business
development center, not including those required under Sec. 130.830;
or
* * * * *
0
4. Amend Sec. 130.450 by revising the last sentence in paragraph
(g)(3) to read as follows:
Sec. 130.450 Matching funds.
* * * * *
(g) * * *
(3) * * * Such offsetting funds may be applied to Federal or
matching accounts.
* * * * *
Mark Madrid,
Associate Administrator, Office of Entrepreneurial Development.
[FR Doc. 2024-05146 Filed 3-11-24; 8:45 am]
BILLING CODE 8026-09-P
