[Federal Register Volume 60, Number 59 (Tuesday, March 28, 1995)]
[Rules and Regulations]
[Page 15864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7455]
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SMALL BUSINESS ADMINISTRATION
13 CFR Part 101
Delegation of Authority
agency: Small Business Administration (SBA).
action: Notice delegating loan approval to specific agency field
personnel.
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summary: This notice delegates authority to a specific SBA field person
to approve SBA guaranteed export loans. This authority is based upon
the education, training, and experience of such person and is meant to
expedite Agency action is processing loan applications.
effective date: This notice is effective March 28, 1995.
for further information contact: John R. Cox, Associate Administrator
for Financial Assistance, 409 Third Street, SW., Washington, DC 20416,
Tel. (202) 205-6490.
supplementary information: On December 19, 1991, SBA published in the
Federal Register, a final rule amending Sec. 101.3-2 of part 101, Title
13, Code of Federal Regulations, which set forth a clarified standard
delegation of authority to conduct program activities in SBA field
offices (56 FR 65821). Previously, Sec. 101.3-2 had set forth the
standard delegation of authority to SBA field personnel as well as all
deviations from the standard based upon education, experience and/or
training. The December 19, 1991 publication eliminated all deviations
in favor of a standard delegation of authority. In addition, the rule
provided authority by which SBA might, as it deemed appropriate,
increase, decrease or set the level of authority for any individual SBA
field official in a regional, district or branch office, based upon
education, training or experience, by publication of a notice in the
Federal Register.
The Agency believes that, when appropriate, delegating increased
levels of authority to field personnel yields increased benefits for
program participants and SBA. The Agency is authorized to guarantee up
to 90% of a loan depending upon total loan amount. It is essential that
SBA have qualified loan officers available to process expeditiously and
accurately the applications submitted. Agency officials in the field
who are delegated greater levels of authority because of their
additional education, training or experience allow SBA to process an
increased number of loan applications. The loan applicant and the
lender are both served with quicker and more accurate processing, while
SBA is served by quality lending and better relations with
participating lenders.
This notice delegates authority to a specific SBA official to
approve or decline guaranteed loan applications, as well as to
undertake other loan related activities based upon experience. In the
United States Export Assistance Center (USEAC) in Long Beach,
California, the SBA USEAC Director has successfully completed training
courses offered by the Agency. Such training in conjunction with his
extensive experience justifies delegating loan approval authority.
No standard delegated authority to approve SBA guaranteed loans
exists for a USEAC. This notice establishes the authority to approve
SBA guaranteed export loans at $750,000 for the SBA Director at the
USEAC in Long Beach, CA and only for that person.
This delegation of authority is specific to the incumbent and
continues only so long as he remains in such position.
Dated: March 22, 1995.
John R. Cox,
Associate Administrator for Financial Assistance.
[FR Doc. 95-7455 Filed 3-27-95; 8:45 am]
BILLING CODE 8025-01-M
