[Federal Register Volume 63, Number 156 (Thursday, August 13, 1998)]
[Proposed Rules]
[Pages 43330-43331]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-21781]
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SMALL BUSINESS ADMINISTRATION
13 CFR Part 120
Business Loan Program
AGENCY: Small Business Administration (SBA).
ACTION: Notice of intent to reopen comment period for 7(a) lenders.
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SUMMARY: On May 5, 1998, in 63 FR 24753, SBA published a proposed rule
implementing Pub. L. 104-208 and Pub. L. 105-135 with respect to SBA
financing in the 504 program, and clarifying existing regulations. The
comment period ended on July 6, 1998. This notice reopens the comment
period for 30 days to allow 7(a) lenders to comment on the proposed
rule's change to 13 CFR Sec. 120.111 on Eligible Passive Companies. The
SBA is not reopening or extending the comment period of the proposed
rule for other issues or parties.
DATES: This notice reopens the comment period as of August 13, 1998.
Comments on the proposed regulation published on May 5, 1998, in 63 FR
24753, must be submitted on or before September 14, 1998.
[[Page 43331]]
ADDRESSES: Comments on the proposed regulation published on May 5,
1998, in 63 FR 24753, should be mailed to Jane Palsgrove Butler, Acting
Associate Administrator for Financial Assistance, Small Business
Administration, 409 Third Street, S.W., Washington, D.C. 20416.
FOR FURTHER INFORMATION CONTACT: Michael J. Dowd, 202-205-6660.
SUPPLEMENTARY INFORMATION: On May 5, 1998, in 63 FR 24753, SBA
published a proposed rule implementing Pub. L. 104-208 and Pub. L. 105-
135 with respect to SBA financing in the 504 program, and clarifying
existing regulations. The comment period ended on July 6, 1998.
The preamble to the proposed rule indicated that the rule applied
primarily to the 504 program. However, the proposed rule also amended
13 CFR Sec. 120.111 to allow an Eligible Passive Company to lease
property to multiple unrelated operating companies. This section
applies not only to participants in the 504 program, but also to
participants in the 7(a) program.
SBA now requests lenders participating in the 7(a) program to
comment on the proposed rule's change to 13 CFR Sec. 120.111. For that
reason, SBA is reopening the comment period for 30 days to accommodate
the comments of 7(a) lenders. The SBA is not reopening or extending the
comment period of the proposed rule for other issues or parties not
identified above. It is unnecessary to resubmit comments previously
submitted regarding the proposed rule.
Dated: August 6, 1998.
Jane Palsgrove Butler,
Associate Administrator for Financial Assistance (A).
[FR Doc. 98-21781 Filed 8-12-98; 8:45 am]
BILLING CODE 8025-01-P
