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[Federal Register Volume 60, Number 59 (Tuesday, March 28, 1995)]
[Rules and Regulations]
[Page 15864]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7455]

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SMALL BUSINESS ADMINISTRATION

13 CFR Part 101

Delegation of Authority

agency: Small Business Administration (SBA).

action: Notice delegating loan approval to specific agency field 
personnel.

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summary: This notice delegates authority to a specific SBA field person 
to approve SBA guaranteed export loans. This authority is based upon 
the education, training, and experience of such person and is meant to 
expedite Agency action is processing loan applications.

effective date: This notice is effective March 28, 1995.

for further information contact: John R. Cox, Associate Administrator 
for Financial Assistance, 409 Third Street, SW., Washington, DC 20416, 
Tel. (202) 205-6490.

supplementary information: On December 19, 1991, SBA published in the 
Federal Register, a final rule amending Sec. 101.3-2 of part 101, Title 
13, Code of Federal Regulations, which set forth a clarified standard 
delegation of authority to conduct program activities in SBA field 
offices (56 FR 65821). Previously, Sec. 101.3-2 had set forth the 
standard delegation of authority to SBA field personnel as well as all 
deviations from the standard based upon education, experience and/or 
training. The December 19, 1991 publication eliminated all deviations 
in favor of a standard delegation of authority. In addition, the rule 
provided authority by which SBA might, as it deemed appropriate, 
increase, decrease or set the level of authority for any individual SBA 
field official in a regional, district or branch office, based upon 
education, training or experience, by publication of a notice in the 
Federal Register.
    The Agency believes that, when appropriate, delegating increased 
levels of authority to field personnel yields increased benefits for 
program participants and SBA. The Agency is authorized to guarantee up 
to 90% of a loan depending upon total loan amount. It is essential that 
SBA have qualified loan officers available to process expeditiously and 
accurately the applications submitted. Agency officials in the field 
who are delegated greater levels of authority because of their 
additional education, training or experience allow SBA to process an 
increased number of loan applications. The loan applicant and the 
lender are both served with quicker and more accurate processing, while 
SBA is served by quality lending and better relations with 
participating lenders.
    This notice delegates authority to a specific SBA official to 
approve or decline guaranteed loan applications, as well as to 
undertake other loan related activities based upon experience. In the 
United States Export Assistance Center (USEAC) in Long Beach, 
California, the SBA USEAC Director has successfully completed training 
courses offered by the Agency. Such training in conjunction with his 
extensive experience justifies delegating loan approval authority.
    No standard delegated authority to approve SBA guaranteed loans 
exists for a USEAC. This notice establishes the authority to approve 
SBA guaranteed export loans at $750,000 for the SBA Director at the 
USEAC in Long Beach, CA and only for that person.
    This delegation of authority is specific to the incumbent and 
continues only so long as he remains in such position.

    Dated: March 22, 1995.
John R. Cox,
Associate Administrator for Financial Assistance.
[FR Doc. 95-7455 Filed 3-27-95; 8:45 am]
BILLING CODE 8025-01-M
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