One of the provisions included in the Recovery Act provided new, permanent authority for refinancing community development loans under the 504 program. The SBA received funding and authority through the Recovery Act to modify existing loan programs or establish new loan programs to help re-invigorate small business lending. Small Business Administration is one of several agencies that are intended to play a role in achieving these goals. 115 was enacted on February 17, 2009, to among other things, promote economic recovery by preserving and creating jobs, and assisting those most impacted by the severe economic conditions facing the nation. The American Recovery and Reinvestment Act of 2009, Public Law 111-05, 123 Stat. End Further Info End Preamble Start Supplemental Information SUPPLEMENTARY INFORMATION: I. Start Further Info FOR FURTHER INFORMATION CONTACT:Īndrew B. SBA will review the information and make the final determination whether it will publish the information. at Highlight the information that you consider to be CBI and explain why you believe SBA should hold this information as confidential. If you wish to submit confidential business information (CBI) as defined in the User Notice at, please submit the information to Kelly Wilcox, Office of Performance Management, 409 Third Street, SW., 6th Floor, Washington, DC 20416, or send an e-mail to Andrew B. McConnell Jr., Small Business Administration, Office of Financial Assistance, 409 Third Street, SW., 8th Floor, Washington, DC 20416.
Follow the instructions for submitting comments. You may submit comments, identified by RIN 3245-AF91 by any of the following methods: DATES:Įffective Date: This rule is effective June 23, 2009.Ĭomment Date: Comments must be received on or before July 23, 2009. This interim final rule makes the existing 504 Loan Program rules consistent with section 504 of the Recovery Act. 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. Interim final rule with request for comments. Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML Legal research should verify their results against an official edition of
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