Federal Register / Vol. 60, No. 43 / Monday, March 6, 1995 / Notices 12275

collateral may be recovered from the

proceeds of the sale of collateral.

G. Collateral sales to the Lender’s

officers, directors, employees or

stockholders (10% or greater) or a close

relative of either are not permitted.

H. The selection of firms owned by

officers, directors, employees or

stockholders (10% or greater) to provide

care and preservation services, legal

assistance, or other services associated

with the liquidation should be avoided.

If it cannot be avoided, the lender must

be prepared to justify the benefit to SBA

of using the particular firm.

IX. Payment of the SBA Guaranty

A. Payment of the SBA guaranty will

be made after the lender has fully

liquidated all collateral and pursued all

obligors and after SBA has reviewed the

documentation that supports the loan.

Payment will consist of the SBA

guaranteed percentage of the balance

remaining after liquidation plus up to

120 days of interest based on the

balance outstanding at the time of the

earliest uncured default if liquidation

proceeds were insufficient to cover a

full 120 days of interest.

B. To receive payment, lender must

submit a transcript of account, a

summary of liquidation activities, a

detail of liquidation expenses, and a

copy of the Note and relevant loan

documents to the SBA office servicing

the loan. The servicing office will

review the account and prepare the

paperwork required to wire SBA’s

portion of the loss to the lender.

X. Lender Selection and Review

A. Lenders will be selected for

participation in FA$TRAK based on

their desire to increase lending under

$100,000 to small businesses, especially

minority and women owned businesses.

An SBA district office shall make a

nomination to the Central Office, which

will make a decision. A lender will

receive the FA$TRAK designation for its

entire system. This may involve

executing multiple copies of the

supplemental guaranty agreement

depending on the legal structure of the

lender.

B. The loan approval authority in the

supplemental guaranty agreement for

FA$TRAK will last for two years. At the

end of two years, the activity will be

reviewed and may be renewed for either

one or two years. The servicing and

liquidation provisions will last for the

life of any loan approved using

FA$TRAK.

C. SBA will monitor the progress of

the FA$TRAK loans approved by each

other. We will use the performance of

loans approved under FA$TRAK to

determine if a lender may continue to

participate in FA$TRAK. Lenders that

violate the terms of the supplemental

guaranty agreement, this guidebook, or

SBA regulations as determined by SBA

shall be removed from the program.

D. SBA reserves the right to make a

periodic on-site review of the loan files

for FA$TRAK loans. SBA may, from

time to time, ask FA$TRAK lenders to

photocopy documents in a file selected

by SBA and send the copy to SBA for

review. This procedure is intended to

limit the intrusion on the lender by SBA

reviewers and to reduce the cost to SBA

of program monitoring. Lender

acknowledges that the SBA review does

not give rise to any estoppel claim, right

or defense if SBA should determine that

it will not honor its guaranty on a loan

approved using FA$TRAK.

E. If a problem develops with part of

a lender’s operation in one location, the

lender will be notified and given a

reasonable time to correct the problem.

If the problem is not corrected, the

lender’s entire organization will be

removed from FA$TRAK.

XI. Lender Reporting

Lenders will be required to report the

status and outstanding balance of each

loan approved under FA$TRAK on SBA

form 1175. This form is submitted on a

quarterly basis to the SBA field office.

SBA is in the process of developing an

electronic data interchange (EDI) system

for lender reporting. FA$TRAK lenders

will be expected to use EDI after it has

been implemented for SBA reporting.

XII. Secondary Market

Loans approved using the FA$TRAK

procedure may not be sold in the

secondary market.

XIII. Lender Mergers

A lender’s status as a participant in

the FA$TRAK will be reviewed at the

time of a merger and a decision will be

made regarding whether the new entity

will be a participant in FA$TRAK.

XIV. IRS Tax Verification

Lenders must verify tax returns of the

business prior to disbursement of a

FA$TRAK loan. Tax verification

procedures are included in Appendix 6.

SBA has a cooperative agreement with

the IRS to provide information within

ten days. The key to a quick reply from

the IRS is to ask for a transcript of the

tax return, not a copy of the return and

to write the words ‘‘SBA Loan

Application’’ at the top of the form.

Please report any problems with the tax

verification system to the FA$TRAK

Processing Center or your local SBA

district office. Lenders are reminded

that the letters ‘‘SBA’’ must be placed at

the top of each request to insure

expedited processing and that sole

proprietorship information is obtained

from a different SBA location than

partnership or corporate tax

information.

[FR Doc. 95–5337 Filed 3–3–95; 8:45 am]

BILLING CODE 8025–01–M

DEPARTMENT OF TRANSPORTATION

Aviation Proceedings; Agreements

Filed During the Week Ended February

24, 1995

The following Agreements were filed

with the Department of Transportation

under the provisions of 49 U.S.C 412

and 414. Answers may be filed within

21 days of date of filing.

Docket Number: 50148.

Date filed: February 21, 1995.

Parties: Members of the International

Air Transport Association.

Subject: COMP Telex Mail Vote 729.

Proposed Effective Date: April 1,

1995.

Docket Number: 50149.

Date filed: February 21, 1995.

Parties: Members of the International

Air Transport Association.

Subject: TC23 Reso/P 0686 dated

January 27, 1995, Europe-Southeast

Asia Resos r-1 to r-23.

Proposed Effective Date: April 1,

1995.

Docket Number: 50150.

Date filed: February 21, 1995.

Parties: Members of the International

Air Transport Association.

Subject: TC12 Telex Mail Vote 730,

Germany-Canada Fares, r-1—076jj r2—080rr.

Proposed Effective Date: April 1,

1995.

Myrna F. Adams,

Acting Chief, Documentary Services Division.

[FR Doc. 95–5429 Filed 3–3–95; 8:45 am]

BILLING CODE 4910–62–P

Applications for Certificates of Public

Convenience and Necessity and

Foreign Air Carrier Permits Filed Under

Subpart Q During the Week Ended

February 24, 1995

The following Applications for

Certificates of Public Convenience and

Necessity and Foreign Air Carrier

Permits were filed under Subpart Q of

the Department of Transportation’s

Procedural Regulations (See 14 CFR

302.1701 et. seq.). The due date for

Answers, Conforming Applications, or

Motions to Modify Scope are set forth
12276 Federal Register / Vol. 60, No. 43 / Monday, March 6, 1995 / Notices

below for each application. Following

the Answer period DOT may process the

application by expedited procedures.

Such procedures may consist of the

adoption of a show-cause order, a

tentative order, or in appropriate cases

a final order without further

proceedings.

Docket Number: 50153.

Date filed: February 24, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: March 24, 1995.

Description: Application of Horizon Air

Industries, Inc. d/b/a Horizon Air,

pursuant to 49 U.S.C. 41108 and

Subpart Q of the Regulations, applies

for a Certificate of Public Convenience

and Necessity authorizing service

between Seattle, Washington, and

Calgary, Alberta, Canada.

Docket Number: 50156.

Date filed: February 24, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: March 24, 1995.

Description: Application of Executive

Airlines, Inc., Flagship Airlines, Inc.,

Simmons Airlines, Inc. and Wings

West Airlines, Inc. (d/b/a American

Eagle), pursuant to 49 U.S.C. 41108

and Subpart Q of the Regulations,

requests amendment of their

certificate of public and convenience

for Route 537, to authorize foreign air

transportation of persons, property,

and mail between the United States

and additional points in the

Caribbean.

Docket Number: 50157.

Date filed: February 24, 1995.

Due Date for Answers, Conforming

Applications, or Motion to Modify

Scope: March 24, 1995.

Description: Application of American

Airlines, Inc., pursuant to 49 U.S.C.

41108, and Subpart Q of the

Regulations, applies for a certificate of

public convenience and necessity

authorizing scheduled foreign air

transportation of persons, property,

and mail between any point in the

United States and any point in

Canada, subject to a condition that

service to Vancouver and Montreal

must be separately authorized for a

period of two years, and service to

Toronto must be separately

authorized for a period of three years,

consistent with the phase-in

provisions for those three cities in the

United States-Canada Air Transport

Agreement signed on February 24,

1995.

Myrna F. Adams,

Acting Chief, Documentary Services Division.

[FR Doc. 95–5428 Filed 3–3–95; 8:45 am]

BILLING CODE 4910–62–P

Coast Guard

[CGD 95–005]

Area To Be Avoided Off the

Washington Coast

AGENCY: Coast Guard, DOT.

ACTION: Extension of comment period.

SUMMARY: In response to several

requests, the Coast Guard is extending

the comment period for written

comments on whether the applicability

of the area to be avoided (ATBA) off the

Washington Coast should be expanded

to include vessels and barges other than

those carrying cargoes of oil or

hazardous materials.

DATES: Written comments must be

received not later than April 17, 1995.

Copies of a written transcript from the

February 23, 1995, public meeting will

be available for inspection and copying

after March 15, 1995 at the addresses

indicated in the ADDRESSES section

which follows.

ADDRESSES: Written comments may be

mailed to the Executive Secretary,

Marine Safety Council (G–LRA), U.S.

Coast Guard, 2100 Second Street SW.

Washington, DC 20593–0001, or may be

delivered to room 3406 at the same

address between 8 a.m. and 3 p.m.,

Monday through Friday, except Federal

holidays. Comments will become part of

this docket and will be available for

inspection or copying at room 3406,

Coast Guard Headquarters, between 8

a.m. and 3 p.m., Monday through

Friday, except Federal holidays.

In addition, the written transcript of

the February 23, 1995, public meeting

will be available for inspection and

copying at the Thirteenth Coast Guard

District, 915 Second Avenue, Room

3410, Seattle, WA 98174 and at the

Olympic Coast National Marine

Sanctuary, 138 W. First Street, Port

Angeles, WA 98362–2600, from 7:30

a.m. to 4 p.m., Monday through Friday.

FOR FURTHER INFORMATION CONTACT: Ms.

Margie G. Hegy, Project Manager, Vessel

Traffic Services Division, phone (202)

267–0415. This telephone is equipped

to take messages on a 24-hour basis.

SUPPLEMENTARY INFORMATION: The ATBA

was adopted by the Maritime Safety

Committee of the International Maritime

Organization on December 7, 1994, and

goes into effect on June 7, 1995. It is

recommended that all vessels, including

barges, carrying oil or cargoes classified

by the United States as hazardous

materials (e.g., chemicals) avoid the

ATBA.

A meeting to obtain public comment

on whether the ATBA off the

Washington Coast should be applicable

to other categories of vessels was

announced in the Federal Register on

January 27, 1995 (60 FR 5454). The

purpose of the meeting, as stated in the

meeting notice, was to obtain

information to assist the Coast Guard in

determining whether there is a need to

expand the applicability of the ATBA.

Commenters were asked to respond to

ten specific questions, and present any

other information. However, the Coast

Guard did not propose any specific

changes in the area or the applicability.

The meeting was held on February 23,

1995, and 17 individuals made oral

presentations.

The Coast Guard has received several

requests to extend the comment period

for submitting written comments

beyond the current March 3, 1995

deadline. The additional time will result

in a more comprehensive review of the

issue and more detailed information for

Coast Guard consideration. As the Coast

Guard is interested in substantiated

comments and giving all concerned

parties the opportunity to present

information, the comment period is

extended until April 17, 1995.

Dated: February 28, 1995.

G.A. Penington,

Rear Admiral, U.S. Coast Guard, Chief, Office

of Navigation, Safety and Waterway Services.

[FR Doc. 95–5388 Filed 3–3–95; 8:45 am]

BILLING CODE 4910–14–M

Federal Aviation Administration

FAA Approval of Noise Compatibility

Program; Fort Worth Alliance Airport;

Fort Worth, TX

AGENCY: Federal Aviation

Administration.

ACTION: Notice.

SUMMARY: The Federal Aviation

Administration (FAA) announces its

findings on the noise compatibility

program submitted by the city of Fort

Worth under the provisions of Title I of

the Aviation Safety and Noise

Abatement Act of 1979 (Public Law 96–

193) and 14 CFR Part 150. These

findings are made in recognition of the

description of Federal and nonfederal

responsibilities in Senate Report No.

96–52 (1980). On August 11, 1994, the

FAA determined that the noise exposure

maps submitted by the city of Fort

Worth under Part 150 were in

compliance with applicable

requirements. On February 7, 1995, the

Administrator approved the Fort Worth

Alliance Airport noise compatibility

program. All of the recommendations of

the program elements relating to new or

revised flight procedures for noise