View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
SBA RIN: 3245-AG04 Publication ID: Fall 2010 
Title: 504 Program Governance Regulations 
Abstract: SBA proposes to revise the regulations for the Agency’s 504 Certified Development Company (CDC) Loan Program in order to (1) simplify processes and reduce the regulatory burdens on program participants while maintaining appropriate controls to mitigate risk; (2) expand access of other nonprofit economic development entities into the program both as independent CDCs or affiliates of CDCs, especially in communities not currently served; (3) be inclusive of existing CDCs by modifications enabling them to be in compliance with the regulations; (4) clarify current regulations; and (4) update the regulations with statutory requirements. 
Agency: Small Business Administration(SBA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 13 CFR 120   
Legal Authority: 15 USC 695 et seq   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/00/2011    
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Grady Hedgespeth
Director, Office of Financial Assistance
Small Business Administration
409 Third Street SW.,
Washington, DC 20416
Phone:202 205-7562
Fax:202 481-0248
Email: grady.hedgespeth@sba.gov