Federal Register / Vol. 60, No. 57 / Friday, March 24, 1995 / Rules and Regulations 15477

(3) Loan Period 3 is the life expectancy

figure in Loan Period 3, multiplied by 1.4

and rounded to the nearest full year (life

expectancy figures at .5 have been rounded

up to 1).

(4) At the creditor’s option, an additional

period may be included, which is the life

expectancy figure in Loan Period 2,

multiplied by .5 and rounded to the nearest

full year (life expectancy figures at .5 have

been rounded up to 1).

Age of youngest borrower Loan period

1 (in years)

[Optional

loan period

(in years)]

Loan period

2 (life expectancy)

(in years)

Loan period

3 (in years)

62 ..................................................................................................................................... 2 [11] 21 29

63 ..................................................................................................................................... 2 [10] 20 28

64 ..................................................................................................................................... 2 [10] 19 27

65 ..................................................................................................................................... 2 [9] 18 25

66 ..................................................................................................................................... 2 [9] 18 25

67 ..................................................................................................................................... 2 [9] 17 24

68 ..................................................................................................................................... 2 [8] 16 22

69 ..................................................................................................................................... 2 [8] 16 22

70 ..................................................................................................................................... 2 [8] 15 21

71 ..................................................................................................................................... 2 [7] 14 20

72 ..................................................................................................................................... 2 [7] 13 18

73 ..................................................................................................................................... 2 [7] 13 18

74 ..................................................................................................................................... 2 [6] 12 17

75 ..................................................................................................................................... 2 [6] 12 17

76 ..................................................................................................................................... 2 [6] 11 15

77 ..................................................................................................................................... 2 [5] 10 14

78 ..................................................................................................................................... 2 [5] 10 14

79 ..................................................................................................................................... 2 [5] 9 13

80 ..................................................................................................................................... 2 [5] 9 13

81 ..................................................................................................................................... 2 [4] 8 11

82 ..................................................................................................................................... 2 [4] 8 11

83 ..................................................................................................................................... 2 [4] 7 10

84 ..................................................................................................................................... 2 [4] 7 10

85 ..................................................................................................................................... 2 [3] 6 8

86 ..................................................................................................................................... 2 [3] 6 8

87 ..................................................................................................................................... 2 [3] 6 8

88 ..................................................................................................................................... 2 [3] 5 7

89 ..................................................................................................................................... 2 [3] 5 7

90 ..................................................................................................................................... 2 [3] 5 7

91 ..................................................................................................................................... 2 [2] 4 6

92 ..................................................................................................................................... 2 [2] 4 6

93 ..................................................................................................................................... 2 [2] 4 6

94 ..................................................................................................................................... 2 [2] 4 6

95 and over ...................................................................................................................... 2 [2] 3 4

By order of the Board of Governors of the

Federal Reserve System, March 20, 1995.

William W. Wiles,

Secretary of the Board.

[FR Doc. 95–7231 Filed 3–23–95; 8:45 am]

BILLING CODE 6210–01–P

SMALL BUSINESS ADMINISTRATION

13 CFR Part 121

Small Business Size Regulations;

Handicapped Workshop Participation

in Small Business Set-Aside Contracts

AGENCY: Small Business Administration.

ACTION: Final rule.

SUMMARY: The Small Business

Administration (SBA) hereby amends its

size regulations to include public or

private organizations for the

handicapped as eligible concerns to

participate in small business set-aside

contracts during fiscal year 1995, in an

aggregate amount not to exceed

$40,000,000. Section 305 of the Small

Business Administration

Reauthorization and Amendments Act

of 1994 expanded the eligibility of

entities which may participate in small

business set-aside contracts to include

public or private organizations for the

handicapped during fiscal year 1995.

Handicapped organizations had been

eligible for set-aside contracts during

fiscal years 1989 through 1993.

EFFECTIVE DATE: This rule is effective on

March 24, 1995.

FOR FURTHER INFORMATION CONTACT: Gary

M. Jackson, Assistant Administrator for

Size Standards, (202) 205–6840.

121.601. The Small Business

Administration Reauthorization and

Amendments Act of 1994 amended

Section 15(c) of the Act, 15 U.S.C.

644(c), by expanding the eligibility of

entities which may participate in small

business set-aside contracts to include

public or private organizations for the

handicapped during fiscal year 1995.

See Public Law 103–403, Section 305.

However, this statutory revision limits

the extent of participation by public or

private handicapped organizations in

small business set-aside awards to an

aggregate amount not to exceed

$40,000,000. The Act further provides

that Federal agencies making awards to

such organizations pursuant to

provisions of this Act may use multiyear contracts, if appropriate.

This statutory provision reinstates the

eligibility of public or private

handicapped organizations previously

authorized by Public Law 100–590 for

fiscal years 1989 through 1993. Sections

121.2001 through 121.2005 of the Small

Business Size Regulations prescribe

regulations governing the participation

of public or private handicapped

organization on small business set-aside

contracts. The regulations include the

definition of terms, procedures for

protesting the status of an offeror

asserting eligibility as a handicapped

organization, and procedures for filing

appeals of an award to a handicapped

organization on the basis of severe
15478 Federal Register / Vol. 60, No. 57 / Friday, March 24, 1995 / Rules and Regulations

economic injury to a small business

concern as a result of a proposed award.

Although these regulations were

originally established for awards made

during fiscal years 1989–93, they have

remained in effect and will generally

apply to awards made in fiscal year

1995.

However, Sections 121.2004 and

121.2005 are now being revised to

incorporate the current title and address

of the SBA official responsible for

deciding protests concerning the

eligibility of a handicapped organization

and appeal of awards based on severe

economic impact on small business. An

internal reorganization of the SBA

included the renaming of the ‘‘Office of

Procurement Assistance’’ to the ‘‘Office

of Government Contracting.’’ The

responsibilities of the Office of

Government Contracting, however,

include those of the former Office of

Procurement.

The SBA is publishing this regulation

as a final rule without notice and

opportunity for public comment since

the SBA is merely adopting the statutory

language into its regulations to

recognize the eligibility granted to

public or private handicapped

organizations to participate in small

business set-aside contracts during

fiscal year 1995. In addition, the change

to the title of the Agency official

responsible for deciding protests and

appeals concerning small business setaside awards to handicapped

organizations is a matter of Agency

management and personnel and is,

therefore, published without notice and

comment pursuant to 5 U.S.C. 553(a)(2).

Compliance With Executive Orders

12612, 12788 and 12866, the Regulatory

Flexibility Act (5 U.S.C. 601 et seq.),

and the Paperwork Reduction Act (44

U.S.C. Chapter 3501 et seq.)

The SBA certifies that this rule is not

a significant rule within the meaning of

Executive Order 12866 and will not

have a significant economic impact on

a substantial number of entities within

the meaning of the Regulatory

Flexibility Act, 5 U.S.C. 601 et seq. This

rule does not impose costs upon the

businesses which might be affected by

it. Because the rule will have no effect

on the amount or dollar value of any

contract requirement or the number of

requirements reserved for the small

business set-aside program, it will not

have an annual economic effect of $100

million or more, result in a major

increase in costs or prices, or have a

significant adverse effect on competition

or the United States economy.

For the purpose of the Paperwork

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

certifies that this rule contains no new

reporting or recordkeeping

requirements. For purposes of Executive

Order 12612, SBA certifies that this rule

does not have any federalism

implications warranting the preparation

of a Federalism Assessment. For

purposes of Executive Order 12778, the

SBA certifies that this rule is drafted, to

the extent practicable, in accordance

with the standards set forth in section

2 of this order.

For the reasons set forth above, Title

13, Code of Federal Regulations (CFR),

is amended as set forth below.

List of Subjects in 13 CFR Part 121

Government procurement,

Government property, Grant programs—

business, Loan programs—business,

Small business.

PART 121—[AMENDED]

1. The authority citation for 13 CFR

Part 121 continues to read as follows:

Authority: 15 U.S.C. 632(a), 634(b)(6),

637(a), and 644(c); and Pub. L. 102–486, 106

Stat. 2776, 3133.

2. Section 121.2001 is revised to read

as follows:

§ 121.2001 Statutory basis.

(a) The Small Business Act, as

amended by Public Law 103–403,

provides that public or private

organizations for the handicapped shall

be eligible to participate in small

business set-aside contracts for fiscal

year 1995 in an aggregate amount not to

exceed $40,000,000. See 15 U.S.C.

644(c)(2)(A).

(b) Agencies awarding one or more

contracts to such a handicapped

organization may use multi-year

contracts, if appropriate. See 15 U.S.C.

644(c)(7).

(c) Awards to public or private

organizations for the handicapped may

be appealed to SBA when a small

business experiences or is likely to

experience severe economic injury as a

result of the proposed award to an

organization for the handicapped. Any

eligible concern wishing to appeal must

file its appeal with the SBA within 10

days after the announcement of the

proposed award to which the appeal

relates. The SBA is afforded 30 days

from the date the appeal is filed to

consult with the Executive Director of

the Committee for Purchase from the

Blind and Other Severely Handicapped.

3. Section 121.2004 is amended by

revising paragraphs (c)(1) and (c)(5) to

read as follows:

§ 121.2004 Protest of eligibility.

* * * * *

(c) Procedure for protest. (1) Protests

shall be submitted to the contracting

officer who shall promptly forward

them to the Associate Administrator for

Government Contracting, Small

Business Administration, 409 Third

Street SW., Washington, DC 20416. The

Associate Administrator shall be the

deciding official for purposes of protests

under this section.

* * * * *

(5) The Associate Administrator for

Government Contracting shall consult

with the Executive Director of the

Committee for Purchases from the Blind

and Other Severely Handicapped before

rendering a determination.

* * * * *

4. Section 121.2005 is amended by

revising paragraph (c)(1) to read as

follows:

§ 121.2005 Appeal of economic impact.

* * * * *

(c) Procedure for appeal. (1) Appeals

shall be submitted to the contracting

officer who shall promptly forward

them to the Associate Administrator for

Government Contracting, Small

Business Administration, 409 Third

Street SW., Washington, DC 20416. The

Associate Administrator shall be the

deciding official for purposes of appeals

under this section.

* * * * *

Dated: February 15, 1995.

Philip Lader,

Administrator.

[FR Doc. 95–6978 Filed 3–23–95; 8:45 am]

BILLING CODE 8025–01–M

DEPARTMENT OF TRANSPORTATION

Federal Highway Administration

23 CFR Part 635

General Material Requirements; Buy

America Requirements

AGENCY: Federal Highway

Administration (FHWA), DOT.

ACTION: Notice of nationwide waiver of

Buy America for pig iron and processed,

pelletized, and reduced iron ore.

SUMMARY: The FHWA is hereby granting

a nationwide waiver of the Buy America

requirements for certain iron

components used in the manufacture of

steel and/or iron materials. Based on the

findings of a nationwide review, and

after analyzing the comments submitted

in response to the waiver proposal, the

FHWA believes that the supply from

domestic sources of pig iron and

processed, pelletized, and reduced iron

ore is not adequate to permit full