38224 Federal Register / Vol. 65, No. 119 / Tuesday, June 20, 2000 / Proposed Rules

participate in the growth of the business

by collecting a royalty rather than

through an ownership interest.

Based on recent statistics for the SBIC

program, the circumstances that this

proposed rule would address do not

appear to apply to most small

businesses currently receiving SBIC

financing. In fiscal year 1999, SBICs

provided financing to 1,983 different

small businesses. In approximately twothirds of all the financings closed during

that year, the SBIC obtained an actual or

potential equity interest in the small

business; even if the proposed rule had

been in place, it is unlikely that these

transactions would have included

royalty provisions. The remaining onethird of SBIC financings typically

consist of loans to very small businesses

with low growth potential, which are

unlikely to have the ability to make

royalty payments under any

circumstances. Thus, it is unlikely that

this proposed rule would affect a

substantial number of small entities.

The proposed rule is expected to

expand financing opportunities for

certain small businesses wishing to

grow while remaining closely held,

rather than make SBIC financing more

expensive for small businesses currently

being served by the program.

For purposes of Executive Order

12988, SBA has determined that this

proposed rule is drafted, to the extent

practicable, in accordance with the

standards set forth in Section 3 of that

Order.

For purposes of Executive Order

13132, SBA has determined that this

proposed rule has no federalism

implications.

For purposes of the Paperwork

Reduction Act, 44 U.S.C. Ch. 35, SBA

certifies that this proposed rule contains

no new reporting or recordkeeping

requirements.

List of Subjects in 13 CFR Part 107

Investment companies, Loan

programs-business, Reporting and

recordkeeping requirements, Small

businesses.

For the reasons set forth in the

preamble, SBA proposes to amend 13

CFR part 107 as follows:

PART 107—SMALL BUSINESS

INVESTMENT COMPANIES

1. The authority citation for part 107

continues to read as follows:

Authority: 15 U.S.C. 681 et seq., 683,

687(c), 687b, 687d, 687g and 687m.

2. In § 107.815, revise the first

sentence of paragraph (a) to read as

follows:

§ 107.815 Financings in the form of Debt

Securities.

* * * * *

(a) Definitions. Debt Securities are

instruments evidencing a loan with an

option or any other right to acquire

Equity Securities in a Small Business or

its Affiliates, or a loan which by its

terms is convertible into an equity

position, or a loan with a right to receive

royalties that are excluded from the Cost

of Money pursuant to § 107.855(g)(12).

* * * * *

3. In § 107.855, revise paragraph

(g)(12), add paragraph (g)(13), and

remove paragraph (i) to read as follows:

§ 107.855 Interest rate ceiling and

limitations on fees charged to Small

Businesses (‘‘Cost of Money’’).

* * * * *

(g) * * *

(12) Royalty payments based on

improvement in the performance of the

Small Business after the date of the

Financing.

(13) Gains realized on the disposition

of Equity Securities issued by the Small

Business.

* * * * *

Dated: June 8, 2000.

Aida Alvarez,

Administrator.

[FR Doc. 00–15421 Filed 6–19–00; 8:45 am]

BILLING CODE 8025–01–U

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 00–ASO–23]

Proposed Establishment of Class D

Airspace; Kissimmee, FL

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking.

SUMMARY: This action proposes to

establish Class D airspace at Kissimmee,

FL. Air traffic controllers at Kissimmee

Municipal Airport, FL, are being

certificated as weather observers.

Therefore, the airport will meet criteria

for Class D airspace. Class D surface area

airspace is required when the control

tower is open to accommodate current

Standard Instrument Approach

Procedures (SIAPs) and for Instrument

Flight Rules (IFR) operations at the

airport. This action would establish

Class D airspace extending upward from

the surface to and including 2,500 feet

MSL within a 4-mile radius of the

Kissimmee Municipal Airport.

DATES: Comments must be received on

or before July 20, 2000.

ADDRESSES: Send comments on the

proposal in triplicate to: Federal

Aviation Administration, Docket No.

00–ASO–23, Manager, Airspace Branch,

ASO–520, P.O. Box 20636, Atlanta,

Georgia 30320.

The official docket may be examined

in the Office of the Regional Counsel for

Southern Region, Room 550, 1701

Columbia Avenue, College Park, Georgia

30337, telephone (404) 305–5627.

FOR FURTHER INFORMATION CONTACT:

Nancy B. Shelton, Manager, Airspace

Branch, Air Traffic Division, Federal

Aviation Administration, P.O. Box

20636, Atlanta, Georgia 30320;

telephone (404) 305–5586.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested parties are invited to

participate in this proposed rulemaking

by submitting such written data, views

or arguments as they may desire.

Comments that provide the factual basis

supporting the views and suggestions

presented are particularly helpful in

developing reasoned regulatory

decisions on the proposal. Comments

are specifically invited on the overall

regulatory, aeronautical, economic,

environmental, and energy-related

aspects of the proposal.

Communications should identify the

airspace docket number and be

submitted in triplicate to the address

listed above. Commenters wishing the

FAA to acknowledge receipt of their

comments on this action must submit

with those comments a self-addressed,

stamped postcard on which the

following statement is made:

‘‘Comments to Airspace Docket No. 00–

ASO–23.’’ The postcard will be date/

time stamped and returned to the

commenter. All communications

received before the specified closing

date for comments will be considered

before taking action on the proposed

rule. The proposal contained in this

action may be changed in light of the

comments received. All comments

submitted will be available for

examination in the Office of the

Regional Counsel for Southern Region,

Room 550, 1701 Columbia Avenue,

College Park, Georgia 30337, both before

and after the closing date for comments.

A report summarizing each substantive

public contact with FAA personnel

concerned with this rulemaking will be

filed in the docket.

Availability of NPRMs

Any person may obtain a copy of this

Notice of Proposed Rulemaking (NPRM)

Federal Register / Vol. 65, No. 119 / Tuesday, June 20, 2000 / Proposed Rules 38225

by submitting a request to the Federal

Aviation Administration, Manager,

Airspace Branch, ASO–520, Air Traffic

Division, P.O. Box 20636, Atlanta,

Georgia 30320. Communications must

identify the docket number of this

NPRM. Persons interested in being

placed on a mailing list for future

NPRMs should also request a copy of

Advisory Circular No. 11–2A which

describes the application procedure.

The Proposal

The FAA is considering an

amendment to part 71 of the Federal

Aviation Regulations (14 CFR Part 71) to

establish Class D airspace at Kissimmee,

FL. Air traffic controllers at Kissimmee

Municipal Airport, FL, are being

certificated as weather observers.

Therefore, the airport will meet criteria

for Class D airspace. Class D surface area

airspace is required when the control

tower is open to accommodate current

SIAPs and for IFR operations at the

airport. Class D airspace designations

for airspace areas extending upward

from the surface are published in

Paragraph 5000 of FAA Order 7400.9G,

dated September 1, 1999, and effective

September 16, 1999, which is

incorporated by reference in 14 CFR

71.1. The Class D airspace designation

listed in this document would be

published subsequently in the Order.

The FAA has determined that this

proposed regulation only involves an

established body of technical

regulations for which frequent and

routine amendments are necessary to

keep them operationally current. It,

therefore, (1) Is not a ‘‘significant

regulatory action’’ under Executive

Order 12866; (2) is not a ‘‘significant

rule’’ under DOT Regulatory Policies

and Procedures (44 FR 11034; February

26, 1979); and (3) does not warrant

preparation of a Regulatory Evaluation

as the anticipated impact is so minimal.

Since this is a routine matter that will

only affect air traffic procedures and air

navigation, it is certified that this rule,

when promulgated, will not have a

significant economic impact on a

substantial number of small entities

under the criteria of the Regulatory

Flexibility Act.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference,

Navigation (air).

The Proposed Amendment

In consideration of the foregoing, the

Federal Aviation Administration

proposes to amend 14 CFR part 71 as

follows:

PART 71—DESIGNATION OF CLASS A,

CLASS B, CLASS C, CLASS D, AND

CLASS E AIRSPACE AREAS;

AIRWAYS; ROUTES; AND REPORTING

POINTS

1. The authority citation for Part 71

continues to read as follows:

Authority: 49 U.S.C. 106(g); 40103, 40113,

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389.

§ 71.1 [Amended]

2. The incorporation by reference in

14 CFR 71.1 of Federal Aviation

Administration Order 7400.9G, Airspace

Designations and Reporting Points,

dated September 1, 1999, and effective

September 16, 1999, is amended as

follows:

Paragraph 5000 Class D Airspace.

* * * * *

ASO FL D Kissimmee, FL [New]

Kissimmee Municipal Airport, FL

(Lat. 28°17′23′′ N, long. 81°26′14′′ W)

That airspace extending upward from the

surface to and including 2,600 feet MSL

within a 4-mile radius of Kissimmee

Municipal Airport. This Class D airspace area

is effective during the specific dates and

times established in advance by a Notice to

Airmen. The effective date and time will

thereafter be continuously published in the

Airport/Facility Directory.

* * * * *

Issued in College Park, Georgia, on June 12,

2000.

John Thompson,

Acting Manager, Air Traffic Division,

Southern Region.

[FR Doc. 00–15531 Filed 6–19–00; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 00–ASO–22]

Proposed Establishment of Class D

Airspace; Boca Raton, FL

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of proposed rulemaking.

SUMMARY: This action proposes to

establish Class D airspace at Boca Raton,

FL. Air traffic controllers at Boca Raton

Airport, FL, are being certificated as

weather observers. Therefore, the airport

will meet criteria for Class D airspace.

Class D surface area airspace is required

when the control tower is open to

accommodate current Standard

Instrument Approach Procedures

(SIAPs) and for Instrument Flight Rules

(IFR) operations in the airport. This

action would establish Class D airspace

extending upward from the surface to

and including 2,500 feet MSL within a

4.1-mile radius of the Boca Raton

Airport.

DATES: Comments must be received on

or before July 20, 2000.

ADDRESSES: Send comments on the

proposal in triplicate to: Federal

Aviation Administration, Docket No.

00–ASO–22, Manager, Airspace Branch,

ASO–520, P.O. Box 20636, Atlanta,

Georgia 30320.

The official docket may be examined

in the Office of the Regional Counsel for

Southern Region, Room 550, 1701

Columbia Avenue, College Park, Georgia

30337, telephone (404) 305–5627.

FOR FURTHER INFORMATION CONTACT:

Nancy B. Shelton, Manager, Airspace

Branch, Air Traffic Division, Federal

Aviation Administration, P.O. Box

20636, Atlanta, Georgia 30320;

telephone (404) 305–5586.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested parties are invited to

participate in this proposed rulemaking

by submitting such written data, views

or arguments as they may desire.

Comments that provide the factual basis

supporting the views and suggestions

presented are particularly helpful in

developing reasoned regulatory

decisions on the proposal. Comments

are specifically invited on the overall

regulatory, aeronautical, economic,

environmental, and energy-related

aspects of the proposal.

Communications should identify the

airspace docket number and be

submitted in triplicate to the address

listed above. Commenters wishing the

FAA to acknowledge receipt of their

comments on this action must submit

with those comments a self-addressed,

stamped postcard on which the

following statement is made:

‘‘Comments to Airspace Docket No. 00–

ASO–22.’’ The postcard will be date/

time stamped and returned to the

commenter. All communications

received before the specified closing

date for comments will be considered

before taking action on the proposed

rule. The proposal contained in this

action may be changed in light of the

comments received. All comments

submitted will be available for

examination in the Office of the

Regional Counsel for Southern Region,

Room 550, 1701 Columbia Avenue,

College Park, Georgia 30337, both before

and after the closing date for comments.

A report summarizing each substantive