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SBA

RIN: 3245-AF91

Publication ID: Fall 2010

Title: American Recovery and Reinvestment Act: 504 Loan Program Debt Refinancing
Abstract: This interim final rule implements section 504 of the American Recovery and Reinvestment Act of 2009 (Recovery Act), which authorizes projects approved for financing under title V of the Small Business Investment Act to include a limited amount of debt refinancing if the project involves the expansion of a small business concern and meets certain other conditions. This interim final rule broadly defines the phrase ``project involves expansion of a small business concern'' to include any project that involves the acquisition, construction or improvement of land, building or equipment for use by the small business concern. The Small Business Investment Act also sets forth certain conditions that a project must meet in order to be eligible for debt refinancing, and these conditions are included in this interim final rule with some additional definitions. This interim final rule makes the existing 504 Loan Program rules consistent with section 504 of the Recovery Act.
Agency: Small Business Administration(SBA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 13 CFR 120
Legal Authority: PL 111-5, sec 504

Legal Deadline:  None

Timetable: Action Date FR Cite Interim Final Rule  06/23/2009  74 FR 29589    Interim Final Rule Comment Period End  07/23/2009     Final Action  02/00/2011

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Andrew B. McConnell Jr. Chief, 504 Loan Program, Office of Financial Assistance Small Business Administration 409 Third Street SW., Washington, DC 20416 Phone:202 205-7238 Email: andrew.mcconnell@sba.gov