Federal Register / Vol. 75, No. 167 / Monday, August 30, 2010 / Notices 53007 

(Catalog of Federal Domestic Assistance 

Numbers 59002 and 59008) 

James E. Rivera, 

Associate Administrator for Disaster 

Assistance. 

[FR Doc. 2010–21539 Filed 8–27–10; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Gulf Opportunity Pilot Loan Program 

(GO Loan Pilot) 

AGENCY: U.S. Small Business 

Administration (SBA). 

ACTION: Notice of extension of waiver of 

regulatory provisions. 

SUMMARY: This notice announces the 

extension of the ‘‘Notice of waiver of 

regulatory provisions’’ for SBA’s GO 

Loan Pilot until September 30, 2011. 

Due to the scope and magnitude of the 

devastation to Presidentially-declared 

disaster areas resulting from Hurricanes 

Katrina and Rita as well as the further 

devastation by the BP Oil Spill that 

began on April 20, 2010, the Agency is 

extending its full guaranty and 

streamlined and centralized loan 

processing available through the GO 

Loan Pilot to small businesses in the 

eligible parishes/counties through 

September 30, 2011. 

DATES: The waiver of regulatory 

provisions published in the Federal 

Register on November 17, 2005, is 

extended under this Notice until 

September 30, 2011. 

FOR FURTHER INFORMATION CONTACT: Gail 

Hepler, Office of Financial Assistance, 

U.S. Small Business Administration, 

409 Third Street, SW., Washington, DC 

20416; Telephone (202) 205–7530; 

gail.hepler@sba.gov. 

SUPPLEMENTARY INFORMATION: On 

November 8, 2005, SBA initiated the GO 

Loan Pilot program which was designed 

to provide expedited small business 

financial assistance to businesses 

located in those communities severely 

impacted by Hurricanes Katrina and 

Rita. Under this unique initiative, SBA 

provides its full (85%) guaranty and 

streamlined and centralized loan 

processing to all eligible lenders that 

agree to make expedited SBA 7(a) loans 

available to small businesses located in, 

locating to or re-locating in the parishes/ 

counties that have been Presidentiallydeclared as disaster areas resulting from 

Hurricanes Katrina and Rita, plus any 

contiguous parishes/counties. 

To maximize the effectiveness of the 

GO Loan Pilot, on November 17, 2005, 

SBA published a notice in the Federal 

Register waiving for the GO Loan Pilot 

certain Agency regulations for the 7(a) 

Business Loan Program. (70 FR 69645). 

Because the pilot was designed as a 

temporary program scheduled to expire 

on September 30, 2006, and was 

extended to September 30, 2010, the 

waiver of certain Agency regulations 

also is due to expire on September 30, 

2010. However, the Agency believes that 

there is a continuing, substantial need 

for the specific SBA assistance provided 

by this pilot in the affected areas. 

When compared to other similarlysized Section 7(a) loans, the GO Loan 

portfolio is performing very well, at 

about one-half the rate of liquidation 

and one-quarter the rate of loan 

purchase compared to all other 7(a) 

loans of $150,000 or less. In addition, 

the demand for GO Loans has continued 

during FY2010 in response to the 

ongoing need to rebuild the Gulf Coast 

areas devastated by Hurricanes Katrina 

and Rita. The annualized number of GO 

Loans approved in FY 2010 is about the 

same as the number of approvals for FY 

2009 at approximately 560 loans per 

year. Also, the Deepwater BP oil spill 

that began April 20, 2010, has further 

devastated the Gulf Coast region and 

adversely affected many small 

businesses. 

Thus, the Agency believes it is 

appropriate to extend this unique and 

vital program through September 30, 

2011. Accordingly, the SBA is also 

extending its waiver of the Agency 

regulations identified in the Federal 

Register notice at 70 FR 69645 through 

September 30, 2011. SBA’s waiver of 

these provisions is authorized by 

regulations. 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, 2011. As part of the GO 

Loan Pilot, these waivers apply only to 

those small businesses located in, 

locating to, or relocating 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 will be 

included in an SBA procedural notice 

that will announce the extension of the 

GO Loan Pilot. 

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

120.3. 

Eric R. Zarnikow, 

Associate Administrator, Office of Capital 

Access. 

[FR Doc. 2010–21436 Filed 8–27–10; 8:45 am] 

BILLING CODE 8025–01–P 

SMALL BUSINESS ADMINISTRATION 

Advisory Committee on Veterans 

Business Affairs; Meeting 

AGENCY: U.S. Small Business 

Administration. 

ACTION: Notice of open Federal Advisory 

Committee meeting. 

SUMMARY: The SBA is issuing this notice 

to announce the location, date, time, 

and agenda for the next meeting of the 

Advisory Committee on Veterans 

Business Affairs. The meeting will be 

open to the public. 

DATES: Friday, September 24, 2010 from 

9 a.m. to 5 p.m. in the Eisenhower 

Conference room, side b, located on the 

2nd floor. 

ADDRESSES: U.S. Small Business 

Administration, 409 3rd Street, SW., 

Washington, DC 20416. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section 10(a)(2) of the Federal 

Advisory Committee Act (5 U.S.C., 

Appendix 2), SBA announces the 

meeting of the Advisory Committee on 

Veterans Business Affairs. The Advisory 

Committee on Veterans Business Affairs 

serves as an independent source of 

advice and policy recommendation to 

the Administrator of the U.S. Small 

Business Administration. 

The purpose of the meeting is to 

finalize preparations for the 2010 

Annual Report to SBA’s Administrator, 

Associate Administrator for Veterans 

Business Development, Congress, and 

the President. 

FOR FURTHER INFORMATION CONTACT: The 

meeting is open to the public; however, 

advance notice of attendance is 

requested. Anyone wishing to attend 

and/or make a presentation to the 

Advisory Committee on Veterans 

Business Affairs must contact Cheryl 

Simms, Program Liaison, by September 

10, 2010 by fax or e-mail in order to be 

placed on the agenda. Cheryl Simms, 

Program Liaison, U.S. Small Business 

Administration, Office of Veterans 

Business Development, 409 3rd Street, 

SW., Washington, DC 20416, Telephone 

number: (202) 619–1697, Fax number: 

202–481–6085, e-mail address: 

cheryl.simms@sba.gov. 

Additionally, if you need 

accommodations because of a disability 

or require additional information, please 

contact Cheryl Simms, Program Liaison 

at (202) 619–1697; e-mail address: 

cheryl.simms@sba.gov, SBA, Office of 

Veterans Business Development, 409 

3rd Street, SW., Washington, DC 20416. 

For more information, please visit our 

Web site at http://www.sba.gov/vets. 


jlentini on DSKJ8SOYB1PROD with NOTICES