This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

27241 

Vol. 72, No. 93 

Tuesday, May 15, 2007 

DEPARTMENT OF AGRICULTURE 

Rural Business-Cooperative Service 

Rural Utilities Service 

7 CFR Part 4279 

RIN 0570–AA54 

Business and Industry Guaranteed 

Loan Program; Correction 

AGENCY: Rural Business-Cooperative 

Service, USDA. 

ACTION: Correcting amendment. 

SUMMARY: This document contains 

corrections to the final regulations 

which were published in the Federal 

Register on Monday, November 20, 2006 

[71 FR 67032] regarding personal and 

corporate guarantees. 

DATES: Effective on May 15, 2007. 

FOR FURTHER INFORMATION CONTACT: 

David Lewis, Business and Industry 

Loan Servicing Branch, Rural BusinessCooperative Service, U.S. Department of 

Agriculture, STOP 3224, 1400 

Independence Avenue, SW., 

Washington, DC 20250–3224, telephone 

(202) 690–0797, or by e-mail to 

david.lewis@wdc.usda.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

The final regulation that is the subject 

of this correction was intended to 

require those owning a substantial stock 

ownership of at least 20 percent to 

provide a personal or corporate 

guarantee. 

Need for Correction 

As published, the final regulation 

contained an error, which may prove 

misleading and cause confusion for the 

public. 

List of Subjects in 7 CFR Part 4279 

Loan programs—Business and 

Industry—Rural Development assistant, 

rural areas. 

■ Accordingly, 7 CFR part 4279 is 

corrected by making the following 

correcting amendment: 

PART 4279—GUARANTEED 

LOANMAKING 

■ 1. The authority citation for part 4279 

continues to read as follows: 

Authority: 5 U.S.C. 301; 7 U.S.C. 1989. 

Subpart B—Business and Industry 

Loans 

■ 2. Revise paragraph (a) of § 4279.149 

to read as follows: 

§ 4279.149 Personal and corporate 

guarantee. 

(a) Unconditional personal and 

corporate guarantees are part of the 

collateral for the loan, but are not 

considered in determining whether a 

loan is adequately secured for 

loanmaking purposes. Agency approved 

personal and corporate guarantees for 

the full term of the loan and at least 

equal to the guarantor’s percent interest 

in the borrower, times the loan amount 

are required from those owning at least 

a 20 percent interest in the borrower, 

unless the lender documents to the 

Agency’s satisfaction that collateral, 

equity, cashflow, and profitability 

indicate an above-average ability to 

repay the loan. The guarantors will 

execute an Agency approved 

unconditional guarantee form. When 

warranted by an Agency assessment of 

potential financial risk, Agency 

approved guarantees may also be 

required of parent, subsidiaries, or 

affiliated companies (owning less than a 

20 percent interest in the borrower) and 

require security for any guarantee 

provided under this section. 

* * * * * 

Dated: April 30, 2007. 

Jackie J. Gleason, 

Administrator, Rural Business-Cooperative 

Service. 

[FR Doc. 07–2400 Filed 5–14–07; 8:45 am] 

BILLING CODE 3410–XY–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 97 

[Docket No. 30550; Amdt. No. 3218] 

Standard Instrument Approach 

Procedures; Miscellaneous 

Amendments 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: This amendment amends 

Standard Instrument Approach 

Procedures (SIAPs) for operations at 

certain airports. These regulatory 

actions are needed because of changes 

occurring in the National Airspace 

System, such as the commissioning of 

new navigational facilities, addition of 

new obstacles, or changes in air traffic 

requirements. These changes are 

designed to provide safe and efficient 

use of the navigable airspace and to 

promote safe flight operations under 

instrument flight rules at the affected 

airports. 

DATES: This rule is effective May 15, 

2007. The compliance date for each 

SIAP is specified in the amendatory 

provisions. 

The incorporation by reference of 

certain publications listed in the 

regulations is approved by the Director 

of the Federal Register as of May 15, 

2007. 

ADDRESSES: Availability of matter 

incorporated by reference in the 

amendment is as follows: 

For Examination— 

1. FAA Rules Docket, FAA 

Headquarters Building, 800 

Independence Ave., SW., Washington, 

DC 20591; 

2. The FAA Regional Office of the 

region in which affected airport is 

located; or 

3. The National Flight Procedures 

Office, 6500 South MacArthur Blvd., 

Oklahoma City, OK 73169 or, 

4. The National Archives and Records 

Administration (NARA). For 

information on the availability of this 

material at NARA, call 202–741–6030, 

or go to: http://www.archives.gov/ 

federal_register/ 

code_of_federal_regulations/ 

ibr_locations.html. 


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