Federal Register / Vol. 74, No. 187 / Tuesday, September 29, 2009 / Notices 49905 

1Rule 30e–2 was originally adopted as Rule 30d– 

2, but was redesignated as Rule 30e–2 effective 

February 15, 2001. See Role of Independent 

Directors of Investment Companies, Investment 

Company Act Release No. 24816 (Jan. 2, 2001) (66 

FR 3734 (Jan. 16, 2001)). 

2Management investment companies are defined 

in Section 4 of the Investment Company Act as any 

investment company other than a face-amount 

certificate company or a unit investment trust, as 

those terms are defined in Section 4 of the 

Investment Company Act. See 15 U.S.C. 80a–4. 

SMALL BUSINESS ADMINISTRATION 

Gulf Opportunity Pilot Loan Program 

(GO Loan Pilot) 

AGENCY: U.S. Small Business 

Administration (SBA). 

ACTION: Notice of extension of waiver of 

regulatory provisions. 

SUMMARY: This notice announces the 

extension of the ‘‘Notice of waiver of 

regulatory provisions’’ for SBA’s GO 

Loan Pilot until September 30, 2010. 

Due to the scope and magnitude of the 

devastation to Presidentially-declared 

disaster areas resulting from Hurricanes 

Katrina and Rita, the Agency is 

extending its full guaranty and 

streamlined and centralized loan 

processing available through the GO 

Loan Pilot to small businesses in the 

eligible parishes/counties through 

September 30, 2010. 

DATES: The waiver of regulatory 

provisions published in the Federal 

Register on November 17, 2005, is 

extended under this Notice until 

September 30, 2010. 

FOR FURTHER INFORMATION CONTACT: Gail 

Hepler, Office of Financial Assistance, 

U.S. Small Business Administration, 

409 Third Street, SW., Washington, DC 

20416; gail.hepler@sba.gov. 

SUPPLEMENTARY INFORMATION: On 

November 8, 2005, SBA initiated the GO 

Loan Pilot program which was designed 

to provide expedited small business 

financial assistance to businesses 

located in those communities severely 

impacted by Hurricanes Katrina and 

Rita. Under this unique initiative, SBA 

provides its full (85%) guaranty and 

streamlined and centralized loan 

processing to all eligible lenders that 

agree to make expedited SBA 7(a) loans 

available to small businesses located in, 

locating to or re-locating in the parishes/ 

counties that have been Presidentiallydeclared as disaster areas resulting from 

Hurricanes Katrina and Rita, plus any 

contiguous parishes/counties. 

To maximize the effectiveness of the 

GO Loan Pilot, on November 17, 2005, 

SBA published a notice in the Federal 

Register waiving for the GO Loan Pilot 

certain Agency regulations for the 7(a) 

Business Loan Program. (70 FR 69645). 

Because the pilot was designed as a 

temporary program scheduled to expire 

on September 30, 2006, and was 

extended to September 30, 2009, the 

waiver of certain Agency regulations 

also is due to expire on September 30, 

2009. However, the Agency believes that 

there is a continuing, substantial need 

for the specific SBA assistance provided 

by this pilot in the affected areas. 

When compared to other similarlysized Section 7(a) loans in the same 

States, the GO Loan portfolio is 

performing very well, at about one-half 

the rates of delinquency and loan 

purchase. In addition, the demand for 

GO Loans has significantly increased in 

FY2009 in response to the continued 

need to rebuild the Gulf Coast areas 

devastated by Hurricanes Katrina and 

Rita. The annualized disbursement of 

GO Loans approved in FY2009 was 21% 

higher than disbursements of GO Loans 

approved in FY2008. Furthermore, on 

August 24, 2009, the Federal Emergency 

Management Agency (FEMA) issued a 

news release announcing additional 

funding for projects throughout the New 

Orleans, LA area. These additional 

funds bring the total public assistance 

funds obligated for Louisiana recovery 

projects since January 20, 2009 to more 

than $1 billion. The extension of the GO 

Loan pilot program, combined with 

additional FEMA funding, form a 

continuing, comprehensive Federal 

response to support the recovery of 

these highly devastated communities. 

Thus, the Agency believes it is 

appropriate to extend this unique and 

vital program through September 30, 

2010. Accordingly, the SBA is also 

extending its waiver of the Agency 

regulations identified in the Federal 

Register notice at 70 FR 69645 through 

September 30, 2010. SBA’s waiver of 

these provisions is authorized by 

regulations. These waivers apply only to 

those loans approved under the GO 

Loan Pilot and will last only for the 

duration of the Pilot, which expires 

September 30, 2010. As part of the GO 

Loan Pilot, these waivers apply only to 

those small businesses located in, 

locating to, or relocating in the parishes/ 

counties that have been Presidentiallydeclared as disaster areas resulting from 

Hurricanes Katrina or Rita, plus any 

contiguous parishes/counties. A list of 

all eligible parishes/counties is located 

at http://www.sba.gov/idc/groups/

public/documents/sba_homepage/serv_

goloan_3.pdf. 

Authority: 15 U.S.C. 636(a)(24); 13 CFR 

120.3. 

Eric R. Zarnikow, 

Associate Administrator, Office of Capital 

Access. 

[FR Doc. E9–23406 Filed 9–28–09; 8:45 am] 

BILLING CODE 8025–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 30e–2, SEC File No. 270–437, OMB 

Control No. 3235–0494. 

Notice is hereby given that, under the 

Paperwork Reduction Act of 1995 (44 

U.S.C. 350l et seq.), (the ‘‘Paperwork 

Reduction Act’’) the Securities and 

Exchange Commission (the 

‘‘Commission’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Section 30(e) of the Investment 

Company Act of 1940 (15 U.S.C. 80a– 

29(e)) (the ‘‘Investment Company Act’’) 

and Rule 30e–2 1 (17 CFR 270.30e–2) 

thereunder require registered unit 

investment trusts (‘‘UITs’’) that invest 

substantially all of their assets in 

securities of a management investment 

company 2 (‘‘fund’’) to send to 

shareholders at least semi-annually a 

report containing certain financial 

statements and other information. 

Specifically, Rule 30e–2 requires that 

the report contain the financial 

statements and other information that 

Rule 30e–1 under the Investment 

Company Act (17 CFR 270.30e–1) 

requires to be included in the report of 

the underlying fund for the same fiscal 

period. Rule 30e–1 requires that the 

underlying fund’s report contain, among 

other things, the financial statements 

and other information that is required to 

be included in such report by the fund’s 

registration form. 

The purpose of this requirement is to 

apprise current shareholders of the 

operational and financial condition of 

the UIT. Absent the requirement to 

disclose all material information in 

reports, investors would be unable to 

obtain accurate information upon which 

to base investment decisions and 

consumer confidence in the securities 


jlentini on DSKJ8SOYB1PROD with NOTICES