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DOC/EDA RIN: 0610-AA69 Publication ID: Fall 2016 
Title: ●Revolving Loan Fund Program Changes and General Updates to PWEDA Regulations 
Abstract:

The Economic Development Administration (EDA) issues this proposed rule to update the regulations implementing the Public Works and Economic Development Act of 1965, as amended (PWEDA). In particular, EDA is proposing important changes to the regulations governing the Revolving Loan Fund (RLF) program that are intended to reflect current best practices and strengthen EDA's efforts to evaluate, monitor, and improve RLF performance by establishing a risk-based management framework to evaluate and manage the RLF program. EDA also proposes to reorganize the RLF regulations to improve their readability and clarify the requirements that apply to the distinct phases of an RLF award. In addition, EDA proposes specific changes to RLF requirements to make RLF awards more efficient for Recipients to administer and EDA to monitor. EDA also proposes important, but less comprehensive updates to other parts of its regulations, including revising definitions, replacing references to superseded regulations to reflect the promulgation of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements (2 CFR part 200) (Uniform Guidance), streamlining the provisions that outline EDA's application process, and clarifying EDA's property management regulations.

 
Agency: Department of Commerce(DOC)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: uncollected 
CFR Citation: 13 CFR 300    13 CFR 301    13 CFR 302    13 CFR 303    13 CFR 304    13 CFR 305    13 CFR 307    13 CFR 309    13 CFR 314   
Legal Authority: 15 U.S.C. 3701    42 U.S.C. 3121    42 U.S.C. 3122    42 U.S.C. 3211    Department of Commerce Organization Order 104   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/03/2016  81 FR 68186   
NPRM Comment Period End  12/02/2016 
Final Action  05/00/2017 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Rachel A. Wallace
Attorney-Advisor
Department of Commerce
Economic Development Administration
1401 Constitution Avenue NW., Mailstop 72023,
Washington, DC 20230
Phone:202 482-5443
Email: rwallace1@eda.gov