Unknown. Notification of 504 Loan Program Rural Initiative Pilot Program and impact on regulatory provisions
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/register/2018/07/19/2018-15312·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
--- schema: federal-register doc_type: fedreg source_file: FR-2018-07-19.xml --- 83 139 Thursday, July 19, 2018 Contents Agency Agency for International Development NOTICES Meetings: Board for International Food and Agricultural Development, 34098 2018-15413 Agency Toxic Agency for Toxic Substances and Disease Registry NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 34135-34137 2018-15437 Agriculture Agriculture Department See Commodity Credit Corporation See Food and Nutrition Service See Food Safety and Inspection Service Census Bureau Census Bureau NOTICES Users on 2020 Census Data Products, 34111-34112 2018-15458 Centers Medicare Centers for Medicare & Medicaid Services PROPOSED RULES Medicare Program:
End-Stage Renal Disease Prospective Payment System, Payment for Renal Dialysis Services Furnished to Individuals with Acute Kidney Injury, End-Stage Renal Disease Quality Incentive Program, Durable Medical Equipment, Prosthetics, Orthotics and Supplies Competitive Bidding Program and Fee Schedule Amounts, etc., 34304-34415 2018-14986 Civil Rights Civil Rights Commission NOTICES Meetings: Nevada State Advisory Committee, 34110-34111 2018-15406 Coast Guard Coast Guard RULES Drawbridge Operations:
Willamette River at Portland, OR, 34041 2018-15434 Regulated Navigation Areas: Chicago Sanitary and Ship Canal, Romeoville, IL, 34042-34046 2018-15428 Safety Zones: Alaska Marine Highway System Port Valdez Ferry Terminal, Port Valdez; Valdez, AK; Correction, 34042 2018-15438 Southern California Annual Firework Events for the San Diego Captain of the Port Zone, 34041-34042 2018-15440 Swim Event in Captain of the Port New York Zone, 34046-34047 2018-15441 PROPOSED RULES Safety Zones:
Lower Mississippi River, Mile Markers 94 to 95 Above Head of Passes, New Orleans, LA, 34092-34094 2018-15439 Commerce Commerce Department See Census Bureau See International Trade Administration See National Oceanic and Atmospheric Administration Commodity Credit Commodity Credit Corporation NOTICES Funding Availability: Conservation Reserve Program Forest Inventory Analysis Pilot, 34098-34100 2018-15349 Commodity Futures Commodity Futures Trading Commission NOTICES Privacy Act;
Systems of Records, 34123-34126 2018-15392 Education Department Education Department RULES Student Assistance General Provisions, Federal Perkins Loan Program, Federal Family Education Loan Program, William D. Ford Federal Direct Loan Program, and Teacher Education Assistance for College and Higher Education Grant Program; Corrections, 34047-34049 2018-15260 NOTICES Privacy Act; Matching Program, 34126-34127 2018-15457 Energy Department Energy Department See Federal Energy Regulatory Commission Environmental Protection Environmental Protection Agency RULES Air Quality State Implementation Plans;
Approvals and Promulgations: Michigan; Revisions to Part 9 Miscellaneous Rules, 34050-34051 2018-15339 PROPOSED RULES Air Quality State Implementation Plans; Approvals and Promulgations: Oregon; Interstate Transport Requirements for the 2012 PM <sup>2.5</sup> NAAQS, 34094-34096 2018-15353 NOTICES Pesticide Product Registrations; Applications: New Active Ingredients, 34128-34131 2018-15463 New Uses, 34131-34132 2018-15448 Export Import Export-Import Bank NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 34132-34133 2018-15422 2018-15424 Federal Aviation Federal Aviation Administration RULES Airworthiness Directives: Airbus Airplanes, 34034-34039 2018-14687 Airbus Helicopters, 34029-34031 2018-15303 ATR-GIE Avions de Transport Regional Airplanes, 34031-34034 2018-14809 Settlement Policy for Commercial Pilots In Drug and Alcohol Testing Cases, 34040-34041 2018-15352 Special Conditions: Cranfield Aerospace Limited, Textron Aviation Inc. Model 525-Series Airplanes;
Tamarack Load Alleviation System and Cranfield Winglets—Interaction of Systems and Structures, 34022-34028 2018-15354 PROPOSED RULES Airworthiness Directives: Bell Helicopter Textron Canada Limited Helicopters, 34074-34076 2018-15305 Leonardo S.p.A. Helicopters, 34072-34074 2018-15304 Pratt and Whitney Division Turbofan Engines, 34070-34072 2018-15291 Federal Communications Federal Communications Commission PROPOSED RULES FM Translator Interference: Extension of Time to File Comments and Reply Comments, 34096-34097 2018-15275 Federal Emergency Federal Emergency Management Agency RULES Suspension of Community Eligibility, 34052-34053 2018-15372 NOTICES Flood Hazard Determinations;
Changes, 34147-34152 2018-15385 2018-15386 Flood Hazard Determinations; Proposals, 34146-34147, 34153-34154 2018-15384 2018-15387 Major Disaster and Related Determinations: Maryland, 34150 2018-15397 Oklahoma, 34145 2018-15371 Major Disaster Declarations: Hawaii; Amendment No. 1, 34145, 34150 2018-15388 2018-15396 Federal Energy Federal Energy Regulatory Commission NOTICES Filings: Oncor Electric Delivery Company, LLC, 34127-34128 2018-15323 2018-15324 Federal Highway Federal Highway Administration NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals, 34282-34283 2018-15426 Federal Agency Actions: California; Proposed Highway, 34281-34283 2018-15417 2018-15419 Federal Maritime Federal Maritime Commission NOTICES Agreements Filed, 34133 2018-15421 Federal Motor Federal Motor Carrier Safety Administration NOTICES Meetings; Sunshine Act, 34283 2018-15603 Federal Railroad Federal Railroad Administration NOTICES Funding Opportunities: Consolidated Rail Infrastructure and Safety Improvements, 34283-34295 2018-15412 Federal Transit Federal Transit Administration RULES Public Transportation Agency Safety Plan, 34418-34468 2018-15167 Public Transportation Safety Certification Training Program, 34053-34069 2018-15168 Financial Crimes Financial Crimes Enforcement Network NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Anti-Money Laundering Programs for Insurance Companies and Non-Bank Residential Mortgage Lenders and Originators, 34298-34299 2018-15401 Bank Secrecy Act Regulations Requiring Money Services Businesses to Report Suspicious Activity, 34298 2018-15400 Bank Secrecy Act Suspicious Activity Reporting Non-Bank Requirement for Residential Mortgage Lenders and Originators, 34300-34301 2018-15402 Registration of Money Services Business, Regulation and FinCEN Form, 34299-34300 2018-15399 Fish Fish and Wildlife Service NOTICES Draft Long-Range Transportation Plans for Lands in Regions 2, 6, and 8, 34154-34155 2018-15415 Endangered and Threatened Species:
Draft Recovery Plan for the Southern California Distinct Population Segment of the Mountain Yellow-legged Frog, 34155-34156 2018-15362 Food and Drug Food and Drug Administration PROPOSED RULES Food Additive Petitions (Animal Use): Humic Product Trade Assn.; Withdrawal, 34076 2018-15394 NOTICES Guidance: E17 General Principles for Planning and Design of Multiregional Clinical Trials; International Council for Harmonisation, 34139-34140 2018-15395 Field Alert Report Submission:
Questions and Answers, 34142-34143 2018-15389 Labeling for Biosimilar Products, 34141-34142 2018-15391 Use of Electronic Health Record Data in Clinical Investigations, 34137-34138 2018-15390 Priority Review Vouchers: Rare Pediatric Disease Product, 34139 2018-15393 Food and Nutrition Food and Nutrition Service NOTICES Child and Adult Care Food Program: National Average Payment Rates, Day Care Home Food Service Payment Rates, and Administrative Reimbursement Rates for Sponsoring Organizations of Day Care Homes for the Period July 1, 2018 through June 30, 2019, 34108-34110 2018-15464 National School Lunch, Special Milk, and School Breakfast Programs, National Average Payments/Maximum Reimbursement Rates, 34105-34108 2018-15465 Food Safety Food Safety and Inspection Service NOTICES Agency Information Collection Activities;
Proposals, Submissions, and Approvals: Consumer Research on the Safe Handling Instructions Label for Raw and Partially Cooked Meat and Poultry Products and Labeling Statements for Ready-to-Eat and Not-Ready-to-Eat Products, 34101-34103 2018-15462 Food Defense Vulnerability Questionnaire, 34104-34105 2018-15461 Foreign Assets Foreign Assets Control Office NOTICES Blocking or Unblocking of Persons and Properties, 34301-34302 2018-15470 General Services General Services Administration NOTICES Federal Travel Regulations:
Relocation Allowances—Waiver of Certain Provisions of the FTR Chapter 302 for Official Relocation Travel to Locations in the U.S. Virgin Islands and Commonwealth of Puerto Rico Impacted by Hurricanes Irma and Maria, 34133-34134 2018-15398 Government Ethics Government Ethics Office NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals: Fast Track Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery, 34134-34135 2018-15411 Gulf Coast Ecosystem Restoration Council Gulf Coast Ecosystem Restoration Council NOTICES Proposed Subaward under a Council-Selected Restoration Component Award, 34135 2018-15451 Health and Human Health and Human Services Department See Agency for Toxic Substances and Disease Registry See Centers for Medicare & Medicaid Services See Food and Drug Administration See National Institutes of Health See Substance Abuse and Mental Health Services Administration Homeland Homeland Security Department See Coast Guard See Federal Emergency Management Agency Interior Interior Department See Fish and Wildlife Service See Land Management Bureau See National Park Service NOTICES Privacy Act;
Systems of Records, 34156-34161 2018-15445 International Trade Adm International Trade Administration NOTICES Antidumping or Countervailing Duty Investigations, Orders, or Reviews: Certain Carbon and Alloy Steel Cut-to-Length Plate from the People's Republic of China, 34115-34116 2018-15436 Welded Line Pipe from the Republic of Turkey, 34113-34114 2018-15435 Corporation for Travel Promotion Board of Directors, 34112-34113 2018-15408 Determinations of Sales at Less than Fair Value:
Circular Welded Carbon-Quality Steel Pipe From the United Arab Emirates, 34114-34115 2018-15566 International Trade Com International Trade Commission NOTICES Investigations; Determinations, Modifications, and Rulings, etc.: Fine Denier Polyester Staple Fiber from China, India, Korea, and Taiwan, 34163-34164 2018-15356 Judicial Conference Judicial Conference of the United States NOTICES Meetings: Advisory Committee on Rules of Criminal Procedure, 34164 2018-15360 Justice Department Justice Department See Parole Commission Labor Department Labor Department See Occupational Safety and Health Administration Land Land Management Bureau NOTICES License Applications:
Coal Exploration; WYW186226, Wyoming; Invitation to Participate, 34161-34162 2018-15444 Meetings: Alaska Resource Advisory Council, 34163 2018-15447 John Day—Snake Resource Advisory Council, 34162-34163 2018-15446 Requests for Nominations: National Petroleum Reserve in Alaska 2018 Oil and Gas Lease Sale, 34161 2018-15442 Management Management and Budget Office NOTICES Senior Executive Service Performance Review Board Membership, 34164 2018-15423 Maritime Maritime Administration NOTICES Requests for Administrative Waivers of the Coastwise Trade Laws:
Vessel ACQUA BLU, 34295-34296 2018-15432 Vessel MONTRACHET, 34296-34297 2018-15431 Vessel VENOM, 34296 2018-15430 National Archives National Archives and Records Administration NOTICES Senior Executive Service Performance Review Board; Members, 34164-34165 2018-15407 National Foundation National Foundation on the Arts and the Humanities NOTICES Meetings: Arts and Artifacts Indemnity Panel Advisory Committee, 34165 2018-15383 National Institute National Institutes of Health NOTICES Meetings:
Eunice Kennedy Shriver National Institute of Child Health and Human Development, 34144 2018-15357 National Institute of Neurological Disorders and Stroke, 34144 2018-15359 National Institute on Drug Abuse, 34143-34144 2018-15358 National Oceanic National Oceanic and Atmospheric Administration NOTICES Fisheries of the Exclusive Economic Zone off Alaska: Bering Sea and Aleutian Islands Crab Rationalization Cost Recovery Program, 34119-34120 2018-15468 Meetings: Coral Reef Conservation Program, 34121 2018-15453 Gulf of Mexico Fishery Management Council, 34117-34118, 34120-34121 2018-15467 2018-15469 New England Fishery Management Council, 34117 2018-15454 Pacific Fishery Management Council, 34118-34119 2018-15455 Sanctuary System Business Advisory Council, 34120 2018-15452 South Atlantic Fishery Management Council, 34121-34122 2018-15456 Permits:
Marine Mammals and Endangered Species, 34116 2018-15460 Marine Mammals; File No. 21329, 34118 2018-15459 Requests for Nominations: Advisory Committee on Commercial Remote Sensing, 34122-34123 2018-14970 National Park National Park Service PROPOSED RULES Alaska; Hunting and Trapping in National Preserves, 34094 2018-15420 Occupational Safety Health Adm Occupational Safety and Health Administration PROPOSED RULES Cranes and Derricks in Construction: Railroad Roadway Work, 34076-34092 2018-15285 Parole Parole Commission NOTICES Meetings;
Sunshine Act, 34164 2018-15540 Pipeline Pipeline and Hazardous Materials Safety Administration NOTICES Meetings: Pipeline Research and Development Forum, 34297-34298 2018-15418 Securities Securities and Exchange Commission NOTICES Agency Information Collection Activities; Proposals, Submissions, and Approvals, 34165, 34179-34182, 34190-34192, 34276-34277, 34279-34281 2018-15373 2018-15374 2018-15375 2018-15376 2018-15377 2018-15378 2018-15379 2018-15380 2018-15381 2018-15382 Self-Regulatory Organizations;
Proposed Rule Changes: Chicago Stock Exchange, Inc., 34182-34190 2018-15370 Fixed Income Clearing Corp., 34193-34227 2018-15365 2018-15366 Investors Exchange, LLC, 34277-34279 2018-15369 National Securities Clearing Corp., 34166-34179, 34227-34245 2018-15367 2018-15368 The Depository Trust Co., 34246-34276 2018-15363 2018-15364 Small Business Small Business Administration RULES 504 Loan Program Rural Initiative: Waiver of Limitation on Lending Authority, 34021-34022 2018-15312 State Department State Department NOTICES Culturally Significant Objects Imported for Exhibition:
Determinations: Titian's Lady in White: A Renaissance Portrait Revealed Exhibition, 34281 2018-15409 Substance Substance Abuse and Mental Health Services Administration NOTICES Meetings: Center for Substance Abuse Prevention, 34144-34145 2018-15450 Surface Transportation Surface Transportation Board NOTICES Acquisition and Operation Exemptions: Atlantic and Western Railway, LP; CSX Transportation, Inc., 34281 2018-15361 Transportation Department Transportation Department See Federal Aviation Administration See Federal Highway Administration See Federal Motor Carrier Safety Administration See Federal Railroad Administration See Federal Transit Administration See Maritime Administration See Pipeline and Hazardous Materials Safety Administration Treasury Treasury Department See Financial Crimes Enforcement Network See Foreign Assets Control Office Veteran Affairs Veterans Affairs Department NOTICES Requests for Nominations:
Advisory Committee on Women Veterans, 34302 2018-15350 Separate Parts In This Issue Part II Health and Human Services Department, Centers for Medicare & Medicaid Services, 34304-34415 2018-14986 Part III Transportation Department, Federal Transit Administration, 34418-34468 2018-15167 Reader Aids Consult the Reader Aids section at the end of this issue for phone numbers, online resources, finding aids, and notice of recently enacted public laws. To subscribe to the Federal Register Table of Contents electronic mailing list, go to https://public.govdelivery.com/accounts/USGPOOFR/subscriber/new, enter your e-mail address, then follow the instructions to join, leave, or manage your subscription. 83 139 Thursday, July 19, 2018 Rules and Regulations SMALL BUSINESS ADMINISTRATION 13 CFR Part 120 504 Loan Program Rural Initiative—Waiver of Limitation on Lending Authority AGENCY:
U.S. Small Business Administration. ACTION: Notification of 504 Loan Program Rural Initiative Pilot Program and impact on regulatory provisions. SUMMARY: The U.S. Small Business Administration
(SBA)announces the 504 Loan Program Rural Initiative Pilot Program (504 Rural Pilot), as described in this document, and its impact on Agency regulations. The 504 Rural Pilot waives the restrictions on the authority of Certified Development Companies
(CDCs)to make 504 loans outside their Area of Operations to allow each CDC to make loans for 504 Projects with an address located in any rural county if the 504 Project is located in the same SBA Region in which the CDC is incorporated. This pilot will provide rural small businesses with increased opportunities to access capital and will further the statutory public policy goal of the 504 Loan Program to achieve rural development impact. DATES: The 504 Rural Pilot, including the waiver of the restrictions in 13 CFR 120.839 on CDCs' authority to make loans outside their Area of Operations, will be available from July 19, 2018, through July 20, 2020. FOR FURTHER INFORMATION CONTACT: Linda Reilly, Chief, 504 Program Branch, Office of Financial Assistance, U.S. Small Business Administration, 409 Third Street SW, Washington, DC 20416; Telephone
(202)205-9949; email address: *linda.reilly@sba.gov.* SUPPLEMENTARY INFORMATION: The 504 Loan Program is a financing tool authorized under title V of the Small Business Investment Act of 1958 (SBIAct) to provide small businesses with long-term, fixed-rate financing to help acquire major fixed assets for expansion or modernization. A Certified Development Company
(CDC)is typically a private, nonprofit corporation set up to contribute to the economic development of its community. CDCs work with SBA and private sector lenders to provide financing to small businesses under the 504 Loan Program. In general, a 504 project includes: A loan obtained from a private sector lender with a senior lien covering at least 50 percent of the project cost; a loan obtained from a CDC with a junior lien covering up to 40 percent of the project cost (backed by a 100 percent SBA-guaranteed debenture); and a contribution from the Borrower of at least 10 percent of the project cost. Under 13 CFR 120.821, a CDC is required to operate only within its designated Area of Operations approved by SBA, except as provided in 13 CFR 120.839. Each CDC's approved Area of Operations includes the entire State in which it is incorporated ( *see* 13 CFR 120.810(b)). A CDC also may apply and be approved to expand its Area of Operations into a Local Economic Area under 13 CFR 120.835(b) or by becoming a Multi-State CDC under 13 CFR 120.835(c). Under 13 CFR 120.839, a CDC may submit a request to the Sacramento Loan Processing Center
(SLPC)to make a 504 loan for a 504 Project outside its Area of Operations. In such case, the CDC must demonstrate that it can adequately fulfill its 504 program responsibilities for the 504 loan, including proper servicing, and have satisfactory SBA performance, as determined by SBA in its discretion. The SLPC may approve the application if, in addition to other requirements,
(1)the CDC has previously assisted the business to obtain a 504 loan,
(2)the existing CDC or CDCs serving the area agree to permit the applicant CDC to make the 504 loan, or
(3)there is no CDC within the Area of Operations in which the 504 Project is located. One of the statutory public policy goals of the 504 Loan Program is to achieve rural development. *See* section 501(d)(3)(D) of the SBIAct. Since 2013, a significant number of rural CDCs have voluntarily decertified, while SBA has approved only two new rural CDCs. SBA has historically found that increasing the CDC operating service area results in more 504 loan activity. However, in accordance with 13 CFR 120.835, CDCs are only permitted to expand their Area of Operations by requesting Local Economic Area expansion or Multi-State authority. This authority limits CDC expansion to areas and States contiguous to a CDC's Area of Operations. In order to address this issue and increase lending in rural areas, SBA has developed the 504 Rural Pilot. This Pilot allows CDCs to make loans for 504 Projects with an address located in any county classified as “rural” by the U.S. Census Bureau if the 504 Project is located in the same SBA Region in which the CDC is incorporated. SBA expects that the expansion of a CDC's authority to process rural loans anywhere within their SBA-defined Region will result in increased lending and economic growth in rural markets. Specifically, for purposes of the 504 Rural Pilot, SBA is *waiving* the following requirements in 13 CFR 120.839 ( *i.e.,* these requirements will *not* apply to 504 Rural Pilot loans):
(1)The CDC must apply to the Sacramento Loan Processing Center in order to make the 504 loan for the 504 Project outside of its Area of Operation;
(2)The CDC must demonstrate that it can adequately fulfill its 504 program responsibilities for the 504 loan;
(3)SBA must determine that the CDC has satisfactory SBA performance; and
(4)The CDC must have previously assisted the business to obtain a 504 loan, the existing CDC or CDCs serving the area agree to permit the outside CDC to make the 504 loan, or there is no CDC within the Area of Operations in which the 504 Project is located. Under the 504 Rural Pilot, a CDC may make a 504 loan for a 504 Project located outside the CDC's Area of Operations only if the 504 Project address is located in a rural county that is in the same SBA Region in which the CDC is incorporated. For purposes of the 504 Rural Pilot, rural counties are those counties classified as “mostly rural” or “completely rural” by the U.S. Census Bureau in its most recent decennial census report, and are identified in the County Classification Lookup Table that can be downloaded at *www.sba.gov/about-sba/sba-initiatives/sba-rural-lending-initiative* or on the Welcome Screen for the Capital Access Financial System (CAFS). (CDCs must use the U.S. Census Bureau table for purposes of identifying rural counties for the 504 Rural Pilot, which may not be the same as the rural areas identified by the U.S. Department of Agriculture.) SBA Regions are defined as follows: • Region I: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont • Region II: New York, New Jersey, Puerto Rico, and The U.S. Virgin Islands • Region III: Delaware, Maryland, Pennsylvania, Virginia, Washington, DC, and West Virginia • Region IV: Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee • Region V: Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin • Region VI: Arkansas, Louisiana, New Mexico, Oklahoma, and Texas • Region VII: Iowa, Kansas, Missouri, and Nebraska • Region VIII: Colorado, Montana, North Dakota, South Dakota, Utah, and Wyoming • Region IX: Arizona, California, Guam, Hawaii, and Nevada • Region X: Alaska, Idaho, Oregon, and Washington. In making, closing, servicing, or liquidating a 504 Rural Pilot loan, CDCs must follow all other Loan Program Requirements under the 504 Loan Program, except that 504 Rural Pilot loans cannot be made using the CDC's delegated authority ( *i.e.,* PCLP or ALP authority). Although, as described above, CDCs will not be required “to demonstrate” that they can adequately fulfill their 504 program responsibilities for each 504 Rural Pilot loan before making the loan, CDCs will still be expected to fulfill all such program responsibilities with respect to these loans. Unlike a Multi-State CDC, a CDC making a loan under this pilot will not be required to establish a separate loan committee to cover the State in which the rural 504 Project is located. In addition, the CDC must advise the local District Counsel where the 504 Project is located which Designated Attorney, or other attorney, will be closing the loan. (The attorney must be licensed in the State where the loan is being made.) CDCs should note that the CDC may not close the loan as an expedited loan unless the attorney is a Designated Attorney licensed to practice in the State where the 504 Project is located. The CDC is responsible for notifying the SLPC that a 504 loan application is being submitted under the 504 Rural Pilot. SBA's waiver of the above requirements is authorized by 13 CFR 120.3 of its regulations, which provides that the SBA Administrator may suspend, modify or waive rules for a limited period of time to test new programs or ideas. The 504 Rural Pilot will be available for a two year period beginning today. SBA will limit the number of loans made under the 504 Rural Pilot to not more than ten percent of the total number of 504 loans guaranteed by SBA in any fiscal year. While SBA does not expect the number of 504 Rural Pilot loans to reach that limit, SBA will provide public notice of the need to suspend lending under the 504 Rural Pilot for the remainder of the fiscal year if SBA determines that the number of pilot loans is approaching the limit. SBA will be using the following criteria to evaluate the 504 Rural Pilot to determine how well it is achieving its objectives and other aspects of performance:
(1)The measurable objectives to be achieved through the 504 Rural Pilot, including the number of small business concerns served, and the delinquency and default rates on the 504 Rural Pilot loans compared to regular 504 loans;
(2)the number of CDCs that participate in the 504 Rural Pilot and their performance in making and servicing 504 Rural Pilot loans; and
(3)the costs and standards of performance which, in order to be acceptable, must not impact the overall subsidy rate for the 504 Loan Program. For data collections to evaluate the effectiveness of this pilot, SBA will use ETran, SBA's electronic system for loan submission and servicing. Authority: 13 CFR 120.3. Dated: July 6, 2018. Linda E. McMahon, Administrator. [FR Doc. 2018-15312 Filed 7-18-18; 8:45 am]
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Notification of 504 Loan Program Rural Initiative Pilot Program and impact on regulatory provisions
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