[Federal Register Volume 61, Number 155 (Friday, August 9, 1996)]
[Rules and Regulations]
[Page 41496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20317]
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SMALL BUSINESS ADMINISTRATION
13 CFR Part 107
Small Business Investment Companies; Correction
AGENCY: Small Business Administration.
ACTION: Correction to final regulations.
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SUMMARY: This document contains corrections to the final regulations
that were published Wednesday, January 31, 1996, (61 FR 3177).
EFFECTIVE DATE: January 31, 1996.
FOR FURTHER INFORMATION CONTACT: Leonard Fagan, Office of Investment,
(202) 205-6510.
SUPPLEMENTARY INFORMATION:
Background
The final regulations that are the subject of these corrections
concern policies applicable to financing of small businesses by
licensees and participating securities leverage under the Small
Business Investment Company program.
Need for Correction
As published, the final regulations contain errors that may prove
to be misleading and are in need of clarification.
List of Subjects in 13 CFR Part 107
Investment companies, Loan programs--business, Reporting and
recordkeeping requirements, Small businesses.
PART 107--SMALL BUSINESS INVESTMENT COMPANIES
Accordingly, 13 CFR Part 107 is corrected by making the following
correcting amendments:
1. The authority citation for Part 107 continues to read as
follows:
Authority: 15 U.S.C. 681 et seq., 683, 687(c), 687b, 687d, 687g,
and 687m.
Sec. 107.50 [Corrected]
In Sec. 107.50, in the definition of ``Affiliate or Affiliates'',
the citation to ``Sec. 121.401'' is revised to read ``Sec. 121.103''.
Sec. 107.860 [Corrected]
In Sec. 107.860, paragraph (b), the citation to ``Sec. 107.115'' is
revised to read ``107.500''.
Sec. 107.1530 [Corrected]
In Sec. 107.1530, in the example to paragraph (g)(2)(i), in the
brackets following the last sentence, the word ``Rate'' is added after
the word ``Treasury''.
In Sec. 107.1530, in paragraph (g)(2)(ii), the portion of the
equation ``((.0855 x .08)-.08)'' is revised to read ``((.0855-
.08).08)''.
Dated: July 30, 1996.
Philip Lader,
Administrator.
[FR Doc. 96-20317 Filed 8-8-96; 8:45 am]
BILLING CODE 8025-01-P
