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DOC/EDA | RIN: 0610-AA69 | Publication ID: Fall 2017 |
Title: Revolving Loan Fund Program Changes and General Updates to PWEDA Regulations | |
Abstract:
The Economic Development Administration (EDA) issued this proposed rule to update the regulations implementing the Public Works and Economic Development Act of 1965, as amended (PWEDA). In particular, EDA proposed 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 proposed 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 proposed specific changes to RLF requirements to make RLF awards more efficient for Recipients to administer and EDA to monitor. EDA also proposed 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less comprehensive updates to other parts of its regulations, including revising definitions, replacing references to superseded regulations to reflect the promulgation of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements (2 CFR part 200) (Uniform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. |
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Agency: Department of Commerce(DOC) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Deregulatory | |
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 |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: Local, State, Tribal |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Ryan Servais Attorney-Advisor Department of Commerce Economic Development Administration 1401 Constitution Avenue NW, Mailstop 72023, Washington, DC 20230 Phone:202 482-5325 Email: rservais@eda.gov |