69646 Federal Register / Vol. 70, No. 221 / Thursday, November 17, 2005 / Rules and Regulations 

November 17, 2005 until September 30, 

2006. 

FOR FURTHER INFORMATION CONTACT: 

Charles Thomas, Office of Financial 

Assistance, U.S. Small Business 

Administration, 409 Third Street, SW., 

Washington, DC 20416; Telephone (202) 

205–6490, e-mail address: 

Charles.W.Thomas@sba.gov. 

SUPPLEMENTARY INFORMATION: SBA is 

continuing to respond to the 

unprecedented devastation incurred by 

those small businesses located in the 

communities affected by Hurricanes 

Katrina and Rita. The Agency has 

announced a new initiative called the 

GO Loan Pilot, which is one important 

component of the Agency’s response. 

The GO Loan Pilot generally will apply 

the policies and procedures in place for 

the Agency’s SBAExpress program, 

although there will be several 

substantial differences. The pilot is 

designed to streamline SBA financing 

on an emergency basis to those small 

businesses located in, locating to or relocating in the parishes/counties that 

have been Presidentially-declared as 

disaster areas resulting from Hurricanes 

Katrina and Rita, plus any contiguous 

parishes/counties. The maximum loan 

amount under the pilot is $150,000 and 

loans carry a full 85 percent guaranty by 

SBA. The GO Loan Pilot will be 

available for use in FY 2006 and will 

expire on September 30, 2006. 

To maximize the effectiveness of the 

GO Loan Pilot, SBA is waiving certain 

Agency regulations for the 7(a) Business 

Loan Program. These waivers will also 

minimize the burdens on the businesses 

applying for loans through the GO Loan 

Pilot and provide incentives for lenders 

to participate in the pilot. 

Under § 120.102 of SBA’s regulations 

(13 CFR 120.102), an applicant for an 

SBA-guaranteed loan through the 7(a) 

program must show that the desired 

funds are not available from the 

personal resources of any owner of 20 

percent or more of the equity of the 

applicant. If such personal resources are 

readily available, SBA requires that 

those resources above a certain amount, 

which varies with the size of the loan, 

must be injected into the applicant 

firm’s financing package to reduce the 

amount of SBA’s funding. Under the GO 

Loan Pilot, the maximum loan amount 

is limited to $150,000, so under 

standard 7(a) program procedures, each 

20 percent or more owner of the 

applicant business normally would be 

required to inject any personal liquid 

assets which are in excess of two times 

the total financing package, or in excess 

of $100,000, whichever is greater. 

However, in recognition of the scope 

and magnitude of the destruction 

suffered by these communities as a 

result of Hurricanes Katrina and Rita, 

and the need for immediate 

reconstruction, SBA believes that, due 

to other disaster-related exigencies, 

prospective borrowers under the GO 

Loan Pilot will be unable to expediently 

meet SBA’s requirement that personal 

resources above a certain amount must 

be injected into the firm’s capitalization. 

Therefore, to further facilitate and 

expedite the processing of SBA loans 

under the GO Loan Pilot, and to avoid 

over-taxing the resources of financiallystrapped borrowers, SBA is waiving 

§ 120.102 for loans approved under this 

pilot. 

Under §§ 120.213 through 120.215, 

SBA prescribes the maximum interest 

rates that a Lender may charge a 

borrower. For loans approved under the 

GO Loan Pilot, SBA is waiving the 

regulatory provisions set out at 

§§ 120.213(a), 120.214(a) through (e) 

and 120.215. GO Loan Pilot lenders may 

charge the interest rates applicable to 

the SBAExpress program as set forth in 

the SBAExpress Program Guide, 

available on SBA’s Web site at http:// 

www.sba.gov/banking/exguide.pdf. SBA 

is also waiving § 120.222, which 

prohibits lenders from charging certain 

fees to borrowers. Thus, under the Pilot, 

lenders will be permitted to charge the 

same fees on GO Loans as they charge 

on their non-SBA guaranteed 

commercial loans. SBA is waiving 

§§ 120.213(a), 120.214(a) through (e), 

120.215 and 120.222 to provide 

incentives to lenders to participate in 

the pilot program. 

SBA’s waiver of these provisions is 

authorized by § 120.3 of its regulations 

(13 CFR 120.3). 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, 2006. As part of the GO 

Loan Pilot, these waivers apply only to 

those small businesses located in, 

locating to or re-locating 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/financing/ 

index.html.) 

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

120.3. 

Hector V. Barreto, 

Administrator. 

[FR Doc. 05–22834 Filed 11–16–05; 8:45 am] 

BILLING CODE 8025–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

[Docket No. FAA–2005–22021; Airspace 

Docket No. 04–AAL–06] 

Establishment of Class E Airspace; 

Arctic Village, AK 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: This action establishes Class 

E airspace at Arctic Village, AK to 

provide adequate controlled airspace to 

contain aircraft executing two new 

Standard Instrument Approach 

Procedures (SIAPs) and one new 

Instrument Flight Rules (IFR) Departure 

Procedure (DP). This rule results in 

revised Class E airspace upward from 

700 feet (ft.) above the surface and from 

1,200 ft. above the surface at Arctic 

Village Airport, AK. 

DATES: Effective 0901 UTC, February 16, 

2006. 

FOR FURTHER INFORMATION CONTACT: Gary 

Rolf, AAL–538G, Federal Aviation 

Administration, 222 West 7th Avenue, 

Box 14, Anchorage, AK 99513–7587; 

telephone number (907) 271–5898; fax: 

(907) 271–2850; email: 

gary.ctr.rolf@faa.gov. Internet address: 

http://www.alaska.faa.gov/at. 

SUPPLEMENTARY INFORMATION: 

History 

On Friday, September 9, 2005, the 

FAA proposed to amend part 71 of the 

Federal Aviation Regulations (14 CFR 

part 71) to establish Class E airspace 

upward from 700 ft. and 1,200 ft above 

the surface at Arctic Village, AK (70 FR 

53594). The action was proposed in 

order to create Class E airspace 

sufficient in size to contain aircraft 

while executing two new SIAPs and one 

new DP for the Arctic Village Airport. 

The new approaches are (1) Area 

Navigation (Global Positioning System) 

(RNAV (GPS)) Runway (RWY) 02, 

original; (2) RNAV (GPS) RWY 20, 

original. The DP is the TUVVO One. 

Class E controlled airspace extending 

upward from 700 ft. and 1,200 ft. above 

the surface in the Arctic Village Airport 

area is established by this action. 

Interested parties were invited to 

participate in this rulemaking 

proceeding by submitting written 

comments on the proposal to the FAA. 

No public comments have been 

received; thus the rule is adopted as 

proposed. 

The area will be depicted on 

aeronautical charts for pilot reference. 

Federal Register / Vol. 70, No. 221 / Thursday, November 17, 2005 / Rules and Regulations 69647 

The coordinates for this airspace docket 

are based on North American Datum 83. 

The Class E airspace areas designated as 

700/1,200 ft. transition areas are 

published in paragraph 6005 of FAA 

Order 7400.9N, Airspace Designations 

and Reporting Points, dated September 

1, 2005, and effective September 15, 

2005, which is incorporated by 

reference in 14 CFR 71.1. The Class E 

airspace designation listed in this 

document will be published 

subsequently in the Order. 

The Rule 

This amendment to 14 CFR part 71 

establishes Class E airspace at Arctic 

Village, Alaska. This Class E airspace is 

established to accommodate aircraft 

executing two new SIAPs and one new 

DP, and will be depicted on 

aeronautical charts for pilot reference. 

The intended effect of this rule is to 

provide adequate controlled airspace for 

Instrument Flight Rule (IFR) operations 

at Arctic Village Airport, Arctic Village, 

Alaska. 

The FAA has determined that this 

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 a 

routine matter that will only affect air 

traffic procedures and air navigation, it 

is certified that this rule will not have 

a significant economic impact on a 

substantial number of small entities 

under the criteria of the Regulatory 

Flexibility Act. 

The FAA’s authority to issue rules 

regarding aviation safety is found in 

Title 49 of the United States Code. 

Subtitle 1, Section 106 describes the 

authority of the FAA Administrator. 

Subtitle VII, Aviation Programs, 

describes in more detail the scope of the 

agency’s authority. 

This rulemaking is promulgated 

under the authority described in 

Subtitle VII, Part A, Subpart 1, Section 

40103, Sovereignty and use of airspace. 

Under that section, the FAA is charged 

with prescribing regulations to ensure 

the safe and efficient use of the 

navigable airspace. This regulation is 

within the scope of that authority 

because it creates Class E airspace 

sufficient in size to contain aircraft 

executing instrument procedures for the 

Arctic Village Airport and represents 

the FAA’s continuing effort to safely 

and efficiently use the navigable 

airspace. 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (air). 

Adoption of the Amendment 

■ In consideration of the foregoing, the 

Federal Aviation Administration 

amends 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 14 CFR 

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 7400.9N, 

Airspace Designations and Reporting 

Points, dated September 1, 2005, and 

effective September 15, 2005, is 

amended as follows: 

* * * * * 

Paragraph 6005 Class E airspace extending 

upward from 700 feet or more above the 

surface of the earth. 

* * * * * 

AAL AK E5 Arctic Village, AK [New] 

Arctic Village Airport, AK 

(Lat. 58°06′53′′ N., long. 145°34′46′′ W.) 

That airspace extending upward from 700 

feet above the surface within a 6.4-mile 

radius of the Arctic Village Airport and 

within 3 miles each side of the 040° bearing 

from the Arctic Village airport extending 

from the 6.4-mile radius to 14.8 miles North 

of the airport and that airspace extending 

upward from 1,200 ft. above the surface 

within a 65-mile radius of the airport. 

* * * * * 

Issued in Anchorage, AK, on November 8, 

2005. 

Michael A. Tarr, 

Manager, Operations Support. 

[FR Doc. 05–22771 Filed 11–16–05; 8:45 am] 

BILLING CODE 4910–13–U 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

[Docket No. FAA–2005–22094; Airspace 

Docket No. 05–AAL–28] 

Revision of Class E Airspace; Nikolai, 

AK 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: This action establishes Class 

E airspace at Nikolai, AK to provide 

adequate controlled airspace to contain 

aircraft executing two new Standard 

Instrument Approach Procedures 

(SIAPs). This rule results in new Class 

E airspace upward from 700 feet (ft.) 

above the surface at Nikolai Airport, 

AK. 

DATES: Effective 0901 UTC, February 16, 

2006 

FOR FURTHER INFORMATION CONTACT: Gary 

Rolf, AAL–538G, Federal Aviation 

Administration, 222 West 7th Avenue, 

Box 14, Anchorage, AK 99513–7587; 

telephone number (907) 271–5898; fax: 

(907) 271–2850; e-mail: 

gary.ctr.rolf@faa.gov. Internet address: 

http://www.alaska.faa.gov/at. 

SUPPLEMENTARY INFORMATION: 

History 

On Friday, September 9, 2005, the 

FAA proposed to amend part 71 of the 

Federal Aviation Regulations (14 CFR 

part 71) to establish Class E airspace 

upward from 700 ft. above the surface 

at Nikolai, AK (70 FR 53598). The action 

was proposed in order to create Class E 

airspace sufficient in size to contain 

aircraft while executing two new SIAPs 

for the Nikolai Airport. The new 

approaches are (1) Area Navigation 

(Global Positioning System) (RNAV 

(GPS)) Runway (RWY) 04, original; (2) 

RNAV (GPS) RWY 22, original. Class E 

controlled airspace extending upward 

from 700 ft. above the surface in the 

Nikolai Airport area is established by 

this action. Interested parties were 

invited to participate in this rulemaking 

proceeding by submitting written 

comments on the proposal to the FAA. 

No public comments have been 

received; thus the rule is adopted as 

proposed. 

The area will be depicted on 

aeronautical charts for pilot reference. 

The coordinates for this airspace docket 

are based on North American Datum 83. 

The Class E airspace areas designated as 

700/1,200 ft. transition areas are 

published in paragraph 6005 of FAA