39372 Federal Register / Vol. 74, No. 150 / Thursday, August 6, 2009 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(iii). 

4 17 CFR 240.19b–4(f)(3). 

5See Securities Exchange Act Release No. 57500 

(March 14, 2008), 73 FR 15244 (March 21, 2008). 

See also File No. SR–MSRB–2008–02. 

6 15 U.S.C. 78o–4(b)(2)(I). 

7 15 U.S.C. 78s(b)(3)(A). 

8 17 CFR 240.19b–4(f)(3). 

9See Section 19(b)(3)(C) of the Act, 15 U.S.C. 

78s(b)(3)(C). 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–60408; File No. SR–MSRB– 

2009–11] 

Self-Regulatory Organizations; 

Municipal Securities Rulemaking 

Board; Notice of Filing and Immediate 

Effectiveness of Amendments to Rule 

A–3, on Membership on the Board, 

Rule A–4, on Meetings of the Board, 

Rule A–5, on Officers and Employees 

of the Board, and Rule A–6, on 

Committees of the Board 

July 30, 2009. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on July 29, 

2009, the Municipal Securities 

Rulemaking Board (‘‘MSRB’’ or 

‘‘Board’’), filed with the Securities and 

Exchange Commission (‘‘Commission’’) 

the proposed rule change as described 

in Items I, II and III below, which Items 

have been substantially prepared by the 

MSRB. The MSRB has filed the proposal 

pursuant to Section 19(b)(3)(A)(iii) of 

the Act,3 and Rule 19b–4(f)(3) 

thereunder,4 which renders the proposal 

effective upon filing with the 

Commission. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Board has been reviewing its 

Administrative Rules and by-laws to 

ensure that they are consistent with 

current good corporate governance 

practices. Pursuant to this review, the 

MSRB is filing amendments to 

Rule A–3, on membership on the Board, 

Rule A–4, on meetings of the Board, 

Rule A–5, on officers and employees of 

the Board, and Rule A–6, on committees 

of the Board. The text of the proposed 

rule change is available on the MSRB’s 

Web site at http://www.msrb.org/msrb1/ 

sec.asp, at the MSRB’s principal office, 

and at the Commission’s Public 

Reference Room. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

MSRB included statements concerning 

the purpose of and basis for the 

proposed rule change and discussed any 

comments it received on the proposed 

rule change. The text of these statements 

may be examined at the places specified 

in Item IV below. The MSRB has 

prepared summaries, set forth in 

Sections A, B, and C below, of the most 

significant aspects of such statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Board has been reviewing its 

Administrative Rules and by-laws to 

ensure that they are consistent with 

current good corporate governance 

practices. Among other things, Rule A– 

3, on membership on the Board, states 

that the Board will be composed of 15 

members and it describes the types of 

groups that will be represented on the 

Board (i.e., public representatives, 

broker-dealer representatives and bank 

representatives). The Board considered 

the possibility of two persons associated 

with the same firm being seated on the 

Board due to a merger, consolidation or 

similar corporate action of Board 

members’ firms or other change in 

circumstances. The Board decided to 

add new section (g) to Rule A–3 to 

prohibit two persons associated with the 

same firm from serving as members of 

the Board at the same time. The 

proposed rule change also revises the 

language in 

Rule A–3(c)(iv) to restore language that 

was inadvertently deleted from the rule 

in recent amendments.5 The revised 

language now reads as was intended in 

the previous proposed rule change. 

Rule A–5, on officers and employees 

of the Board, among other things, 

describes the procedure for the election 

of officers. Rule A–5(b) notes that 

vacancies in office shall be filled as 

soon as practicable by vote of the Board 

members. The proposed rule change 

adds language to Rule A–5(b) to provide 

for an election to fill a vacancy if a 

Board member elected to a Board office 

becomes unable to take the position 

(e.g., by resignation) prior to the 

commencement of the term. 

The proposed rule change also revises 

the language in Rules A–3, A–4, on 

meetings of the Board, A–5 and A–6, on 

committees of the Board, to ensure 

gender neutrality by replacing the word 

‘‘Chairman’’ with the word ‘‘Chair.’’ 

2. Statutory Basis 

The MSRB believes that the proposed 

rule change is consistent with the 

requirements of Section 15B(b)(2)(I) of 

the Act,6 which authorizes the MSRB to 

adopt rules that provide for the 

operation and administration of the 

MSRB. The MSRB believes that the 

proposed rule change is consistent with 

this provision because it is concerned 

solely with the operation and 

administration of the MSRB. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The MSRB does not believe the 

proposed rule change will impose any 

burden on competition not necessary or 

appropriate in furtherance of the 

purposes of the Act since it only applies 

to the operation and administration of 

the MSRB. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants or Others 

Written comments were neither 

solicited nor received on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

The proposed rule change has become 

effective pursuant to Section 

19(b)(3)(A)(iii) of the Act 7 and Rule 

19b–4(f)(3) thereunder 8 because it is 

concerned solely with the operation and 

administration of the MSRB. At any 

time within 60 days of the filing of the 

proposed rule change, the Commission 

may summarily abrogate such rule 

change if it appears to the Commission 

that such action is necessary or 

appropriate in the public interest, for 

the protection of investors, or otherwise 

in furtherance of the purposes of the 

Act.9

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 


jlentini on DSKJ8SOYB1PROD with NOTICES
Federal Register / Vol. 74, No. 150 / Thursday, August 6, 2009 / Notices 39373 

10 17 CFR 200.30–3(a)(12). 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–MSRB–2009–11 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–MSRB–2009–11. This file 

number should be included on the 

subject line if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for inspection and copying in 

the Commission’s Public Reference 

Room, 100 F Street, NE., Washington, 

DC 20549, on official business days 

between the hours of 10 a.m. and 3 p.m. 

Copies of such filing also will be 

available for inspection and copying at 

the principal office of the MSRB. All 

comments received will be posted 

without change; the Commission does 

not edit personal identifying 

information from submissions. You 

should submit only information that 

you wish to make available publicly. All 

submissions should refer to File 

Number SR–MSRB–2009–11 and should 

be submitted on or before August 27, 

2009. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–18764 Filed 8–5–09; 8:45 am] 

BILLING CODE 8010–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 11833 and # 11834] 

Florida Disaster # FL–00046 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a notice of an 

Administrative declaration of a disaster 

for the State of Florida dated: 07/31/ 

2009. 

Incident: Tornado and Severe Storms. 

Incident Period: 07/24/2009. 

Effective Date: 07/31/2009. 

Physical Loan Application Deadline 

Date: 09/29/2009. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 05/01/2010. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A. 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

Administrator’s disaster declaration, 

applications for disaster loans may be 

filed at the address listed above or other 

locally announced locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Volusia. 

Contiguous Counties: 

Florida: Brevard, Flagler, Lake, 

Marion, Orange, Putnam, Seminole. 

The Interest Rates are: 

Percent 

Homeowners With Credit Available 

Elsewhere ................................... 5.500. 

Homeowners Without Credit Available Elsewhere ........................... 2.750. 

Businesses With Credit Available 

Elsewhere ................................... 6.000. 

Businesses & Small Agricultural 

Cooperatives Without Credit 

Available Elsewhere .................... 4.000. 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................... 4.500. 

Businesses and Non-Profit Organizations Without Credit Available 

Elsewhere ................................... 4.000. 

The number assigned to this disaster 

for physical damage is 11833 C and for 

economic injury is 11834 0. 

The State which received an EIDL 

Declaration # is Florida. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

Dated: July 31, 2009. 

Karen G. Mills, 

Administrator. 

[FR Doc. E9–18803 Filed 8–5–09; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

[Disaster Declaration # 11835 and # 11836] 

Maine Disaster # ME–00018 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice. 

SUMMARY: This is a Notice of the 

Presidential declaration of a major 

disaster for Public Assistance Only for 

the State of Maine (FEMA–1852–DR), 

dated 07/30/2009. 

Incident: Severe Storms, Flooding, 

and Landslides. 

Incident Period: 06/18/2009 through 

07/08/2009. 

Effective Date: 07/30/2009. 

Physical Loan Application Deadline 

Date: 09/28/2009. 

Economic Injury (EIDL) Loan 

Application Deadline Date: 04/30/2010. 

ADDRESSES: Submit completed loan 

applications to: U.S. Small Business 

Administration, Processing and 

Disbursement Center, 14925 Kingsport 

Road, Fort Worth, TX 76155. 

FOR FURTHER INFORMATION CONTACT: A 

Escobar, Office of Disaster Assistance, 

U.S. Small Business Administration, 

409 3rd Street, SW., Suite 6050, 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given that as a result of the 

President’s major disaster declaration on 

07/30/2009, Private Non-Profit 

organizations that provide essential 

services of governmental nature may file 

disaster loan applications at the address 

listed above or other locally announced 

locations. 

The following areas have been 

determined to be adversely affected by 

the disaster: 

Primary Counties: Franklin, Hancock, 

Knox, Lincoln, Oxford, Somerset, 

Waldo, Washington. 

The Interest Rates are: 

Percent 

Other (Including Non-Profit Organizations) With Credit Available 

Elsewhere ................................... 4.500. 

Businesses and Non-Profit Organizations Without Credit Available 

Elsewhere ................................... 4.000. 

The number assigned to this disaster 

for physical damage is 11835B and for 

economic injury is 11836B. 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

James E. Rivera, 

Acting Associate Administrator for Disaster 

Assistance. 

[FR Doc. E9–18804 Filed 8–5–09; 8:45 am] 

BILLING CODE 8025–01–P 


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