Federal Register / Vol. 70, No. 221 / Thursday, November 17, 2005 / Rules and Regulations 69645 

2180 Harvard Street, Suite 300, 

Sacramento, California 95815–3323. 

§ 600.3 Farm Credit Administration Board. 

(a) FCA Board. The President 

appoints the three full-time Board 

members with the advice and consent of 

the Senate. The Board manages, 

administers, and establishes policies for 

FCA. The Board promulgates the rules 

and regulations implementing the Farm 

Credit Act of 1971, as amended, and 

provides for the examination of Farm 

Credit System institutions. 

(b) Chairman of the FCA Board. The 

Chairman of the Board is FCA’s Chief 

Executive Officer. The Chairman directs 

the implementation of the policies and 

regulations adopted by the Board and, 

after consulting the Board, the execution 

of the administrative functions and 

duties of FCA. In carrying out the 

Board’s policies, the Chairman acts as 

the spokesperson for the Board and 

represents the Board and FCA in their 

official relations within the Federal 

Government. 

§ 600.4 Organization of the Farm Credit 

Administration. 

(a) Offices and functions. The primary 

offices of the FCA are: 

(1) Office of Congressional and Public 

Affairs. The Office of Congressional and 

Public Affairs performs Congressional 

liaison duties and coordinates and 

disseminates Agency communications. 

(2) Office of Examination. The Office 

of Examination evaluates the safety and 

soundness of FCS institutions and their 

compliance with law and regulations 

and manages FCA’s enforcement and 

supervision functions. 

(3) Office of General Counsel. The 

Office of General Counsel provides legal 

advice and services to the FCA 

Chairman, the FCA Board, and Agency 

staff. 

(4) Office of Inspector General. The 

Office of Inspector General conducts 

independent audits, inspections, and 

investigations of Agency programs and 

operations and reviews proposed 

legislation and regulations. 

(5) Office of Regulatory Policy. The 

Office of Regulatory Policy develops 

policies and regulations for the FCA 

Board’s consideration; evaluates 

regulatory and statutory prior approvals; 

manages the Agency’s chartering 

activities; and analyzes policy and 

strategic risks to the System. 

(6) Office of Management Services. 

The Office of Management Services 

provides financial management services. 

It administers the Agency’s information 

resources management program; human 

resources management program; and 

contracts, procurement, mail services, 

and payroll. 

(7) Office of Secondary Market 

Oversight. The Office of Secondary 

Market Oversight regulates and 

examines the Federal Agricultural 

Mortgage Corporation for safety and 

soundness and compliance with law 

and regulations. 

(8) Secretary to the Board. The 

Secretary to the Board serves as the 

parliamentarian for the Board and keeps 

permanent and complete records and 

minutes of the acts and proceedings of 

the Board. 

(b) Additional Information. You may 

obtain more information on the FCA’s 

organization by visiting our Web site at 

http://www.fca.gov. You may also 

contact the Office of Congressional and 

Public Affairs: 

(1) In writing at FCA, 1501 Farm 

Credit Drive, McLean, Virginia 22102–

5090; 

(2) By e-mail at info-line@fca.gov; or 

(3) By telephone at (703) 883–4056. 

PART 602—RELEASING 

INFORMATION 

■ 3. The authority citation for part 602 

continues to read as follows: 

Authority: Secs. 5.9, 5.17; 12 U.S.C. 2243, 

2252; 5 U.S.C. 301, 552; 52 FR 10012; E.O. 

12600; 52 FR 23781, 3 CFR 1987, p. 235. 

Subpart B—Availability of Records of 

the Farm Credit Administration 

§ 602.8 [Amended] 

■ 4. Amend § 602.8 as follows: 

■ A. By removing the words ‘‘Office of 

Resources Management (ORM)’’ and 

adding in their place, the words ‘‘Office 

of Management Services (OMS)’’ in the 

second sentence of paragraph (a). 

■ B. By removing the acronym ‘‘ORM’’

and adding in its place, the acronym 

‘‘OMS’’ each place it appears in 

paragraphs (b) and (c). 

PART 603—PRIVACY ACT 

REGULATIONS 

■ 5. The authority citation for part 603 

continues to read as follows: 

Authority: Secs. 5.9, 5.17 of the Farm 

Credit Act (12 U.S.C. 2243, 2252); 5 U.S.C. 

app. 3, 5 U.S.C. 552a(j)(2) and (k)(2). 

§ 603.340 [Amended] 

■ 6. Amend § 603.340 by removing the 

words ‘‘Office of Resources 

Management’’ and adding in their place, 

the words ‘‘Office of Management 

Services’’ each place they appear in 

paragraphs (a) and (b). 

PART 604—FARM CREDIT 

ADMINISTRATION BOARD MEETINGS 

■ 7. The authority citation for part 604 

continues to read as follows: 

Authority: Secs. 5.9, 5.17 of the Farm 

Credit Act; 12 U.S.C. 2243, 2252. 

§ 604.435 [Amended] 

■ 8. Amend § 604.435 by removing the 

words ‘‘Director, Office of Resources 

Management’’ and adding in their place, 

the words ‘‘Secretary to the Board’’ in 

paragraph (e). 

PART 606—ENFORCEMENT OF 

NONDISCRIMINATION ON THE BASIS 

OF HANDICAP IN PROGRAMS OR 

ACTIVITIES CONDUCTED BY THE 

FARM CREDIT ADMINISTRATION 

■ 9. The authority citation for part 606 

continues to read as follows: 

Authority: 29 U.S.C. 794. 

§ 606.670 [Amended] 

■ 10. Amend § 606.670 as follows: 

■ A. By removing the words ‘‘Office of 

Resources Management’’ and adding in 

their place, the words ‘‘Office of 

Management Services’’ in paragraph (c). 

■ B. By removing the words ‘‘Equal 

Employment Opportunity Manager’’ and 

adding in their place, the words 

‘‘Director, Equal Employment 

Opportunity’’ in paragraph (i). 

Dated: November 9, 2005. 

Jeanette C. Brinkley, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 05–22731 Filed 11–16–05; 8:45 am] 

BILLING CODE 6705–01–P 

SMALL BUSINESS ADMINISTRATION 

13 CFR Part 120 

Gulf Opportunity Pilot Loan Program 

(GO Loan Pilot); Waiver of Regulatory 

Provisions 

AGENCY: U.S. Small Business 

Administration (SBA). 

ACTION: Notice of waiver of regulatory 

provisions. 

SUMMARY: The U.S. Small Business 

Administration (SBA) announces the 

waiver for SBA’s GO Loan Pilot of 

certain Agency regulations applicable to 

the 7(a) Business Loan Program, 

including those relating to personal 

assets of borrowers, interest rates and 

provisions that prohibit lenders from 

charging certain fees. SBA’s GO Loan 

Pilot provides expedited small business 

financing to those communities severely 

impacted by Hurricanes Katrina and 

Rita. SBA intends for these waivers to 

minimize the burden on businesses 

applying for loans through the GO Loan 

Pilot and to provide incentives for 

lenders to participate in the pilot. 

DATES: The waiver is effective for GO 

Loan Pilot loans approved from 

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.