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Federal Register/Vol. 85, No. 192/Friday, October 2, 2020/Notices

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Federal Register/Vol. 85, No. 192/Friday, October 2, 2020/Notices Federal Register / Vol. 85, No. 192 / Friday, October 2, 2020 / Notices 62363 revolving fund. SBA has determined Guide and all other appropriate SBA percentage points (i.e., decreasing the that the lower fees are reasonable to Secondary Market documents. minimum maturity ratio by 500 basis maintain sufficient funds in the DATES: This change will apply to SBA points). SBA does not expect a 5 revolving fund to cover the cost of 7(a) loan pools with an issue date on or percentage point reduction in the anticipated losses in the SBG program. after October 1, 2020. minimum maturity ratio to have an Although the report on the evaluation ADDRESSES: Address comments adverse impact on either the program or study found that the lower fees did not concerning this Notice to John M. Wade, the participants in the program. increase the number or values of bonds Chief Secondary Market Division, U.S. Therefore, effective October 1, 2020, all during the fee evaluation period, the Small Business Administration, 409 3rd guaranteed portions of loans in lower fees charged to the Principal and Street SW, Washington, DC 20416; or, Standard Pools and WAC Pools Surety will reduce the cost of bonding [email protected]. presented for settlement with SBA’s to small businesses, and result in a FOR FURTHER INFORMATION CONTACT: John Fiscal Transfer Agent will be required to projected average annual cost savings of M. Wade, Chief, Secondary Market have a minimum maturity ratio of at $3.5 million for Principals and Sureties. Division at 202–205–3647 or least 89.0%. SBA is making this change In addition, the evaluation report [email protected]. pursuant to Section 5(g)(2) of the Small indicated that ‘‘higher volume surety SUPPLEMENTARY INFORMATION: The Business Act, 15 U.S.C. 634(g)(2). producers were more likely to respond Secondary Market Improvements Act of SBA will continue to monitor loan more positively or optimistically to the 1984, 15 U.S.C. 634(f) through (h), and pool characteristics and will potential benefits of continuing or authorized SBA to guarantee the timely provide notification of additional increasing the [fee] reductions.’’ payment of principal and interest on changes as necessary. It is important to In light of the above, SBA has decided Pool Certificates. A Pool Certificate note that there is no change to SBA’s to adopt the lower fees of 20% of the represents a fractional undivided obligation to honor its guaranty of the bond premium for the Surety fee and $6 interest in a ‘‘Pool,’’ which is an amounts owed to Registered Holders of per thousand dollars of the contract aggregation of SBA guaranteed portions Pool Certificates and that such guaranty amount for the Principal fee, and will of loans made by SBA Lenders under continues to be backed by the full faith continue to apply these lower fees to all section 7(a) of the Small Business Act, and credit of the United States. SBA surety bond guarantees approved 15 U.S.C. 636(a). In order to support the This program change will be on or after October 1, 2020. SBA will timely payment guaranty requirement, incorporated as necessary into SBA’s actively monitor the performance of the SBA established the Master Reserve Secondary Market Guide and all other SBG program to ensure that the fees are Fund (MRF), which serves as a appropriate SBA Secondary Market reasonable and necessary and allow mechanism to cover the cost of SBA’s documents. As indicated above, this SBA to administer the SBG program on timely payment guaranty. Borrower change will be effective for Standard a prudent and economically justifiable payments on the guaranteed portions of Pools and WAC Pools with an issue date basis. pooled loans, as well as SBA guaranty on or after October 1, 2020. Authority: 15 U.S.C. 694b(h); 13 CFR payments on defaulted pooled loans, are Dated: September 29, 2020. 115.32(b) and (c) and 115.66. deposited into the MRF. Funds are held William M. Manger, Dated: September 29, 2020. in the MRF until distributions are made Associate Administrator, Office of Capital William Manger, to investors (Registered Holders) of Pool Access. Certificates. The interest earned on the Associate Administrator/Chief of Staff, Office [FR Doc. 2020–21832 Filed 10–1–20; 8:45 am] borrower payments and the SBA of Capital Access. BILLING CODE P guaranty payments deposited into the [FR Doc. 2020–21876 Filed 9–29–20; 4:15 pm] MRF supports the timely payments BILLING CODE 8026–03–P made to Registered Holders. From time to time, SBA provides DEPARTMENT OF TRANSPORTATION SMALL BUSINESS ADMINISTRATION guidance to SBA Pool Assemblers on the required loan and pool Federal Aviation Administration Change to SBA Secondary Market characteristics necessary to form a Pool. Program These characteristics include, among Public Notice for Waiver of other things, the minimum number of Aeronautical Land Use Assurance; AGENCY: Small Business Administration. guaranteed portions of loans required to Nampa Municipal Airport, Nampa, ACTION: Notice of change to secondary form a Pool, the allowable difference Idaho market program. between the highest and lowest gross and net note rates of the guaranteed AGENCY: Federal Aviation SUMMARY: The purpose of this Notice is portions of loans in a Pool, and the Administration (FAA), Department of to inform the public that the Small minimum maturity ratio of the Transportation (DOT). Business Administration (SBA) is guaranteed portions of loans in a Pool. ACTION: Notice. making a change to its Secondary The minimum maturity ratio is equal to Market Loan Pooling Program. SBA is the ratio of the shortest and the longest SUMMARY: Notice is being given that the decreasing the minimum maturity ratio remaining term to maturity of the FAA is considering a request from the for both SBA Standard Pools and guaranteed portions of loans in a Pool. Nampa Municipal Airport, Airport Weighted-Average Coupon (WAC) Pools Based on SBA’s expectations as to the Superintendent to change certain by 500 basis points, to 89.0%. The performance of future Pools, SBA has portions of the airport from aeronautical change described in this Notice is being determined that for pools formed on or use to non-aeronautical use at the made to cover the estimated cost of the after October 1, 2020, SBA Pool Nampa Municipal Airport, Nampa, ID. timely payment guaranty for newly Assemblers may increase the difference The request consists of 6 parcels, or formed SBA 7(a) loan pools. This between the shortest and the longest portions thereof that are depicted on the change will be incorporated, as needed, remaining term of the guaranteed Airport’s current Exhibit A—Airport into the SBA Secondary Market Program portions of loans in a Pool by 5 Property Map. VerDate Sep<11>2014 19:38 Oct 01, 2020 Jkt 253001 PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 E:\FR\FM\02OCN1.SGM 02OCN1 jbell on DSKJLSW7X2PROD with NOTICES 62364 Federal Register / Vol. 85, No. 192 / Friday, October 2, 2020 / Notices DATES: Comments are due within 30 DEPARTMENT OF TRANSPORTATION published. 44 U.S.C. 3507(b)–(c); 5 CFR days of the date of the publication of 1320.12(d); see also 60 FR 44978, 44983, this notice in the Federal Register. Federal Railroad Administration Aug. 29, 1995. OMB believes the 30-day [Docket No. FRA–2020–0027–N–25] notice informs the regulated community ADDRESSES: Written comments can be to file relevant comments and affords provided to Gary M. Gates, Civil Proposed Agency Information the agency adequate time to digest Engineer, Helena Airports District Collection Activities; Comment public comments before it renders a Office, 2725 Skyway Drive Suite 2, Request decision. 60 FR 44983, Aug. 29, 1995. Helena, MT 59602, (406) 449–5271. Therefore, respondents should submit AGENCY: Federal Railroad FOR FURTHER INFORMATION CONTACT: Mr. their respective comments to OMB Administration (FRA), Department of within 30 days of publication to best Monte Hasl, Airport Superintendent, Transportation (DOT). Nampa Municipal Airport, 411 3rd ensure having their full effect. ACTION: Notice of information collection; Street South, Nampa Idaho 83651 or Comments are invited on the request for comment. Gary M. Gates, Civil Engineer, Helena following ICR regarding: (1) Whether the information collection activities are Airports District Office, 2725 Skyway SUMMARY: Under the Paperwork necessary for FRA to properly execute Drive Suite 2, Helena, MT 59602, (406) Reduction Act of 1995 (PRA) and its its functions, including whether the 449–5271. Documents reflecting this implementing regulations, this notice information will have practical utility; FAA action may be reviewed at the announces that FRA is forwarding the (2) the accuracy of FRA’s estimates of Information Collection Request (ICR) above locations. the burden of the information collection abstracted below to the Office of activities, including the validity of the SUPPLEMENTARY INFORMATION: Under the Management and Budget (OMB) for methodology and assumptions used to provisions of Title 49, U.S.C. 47153(c), review and comment. The ICR describes determine the estimates; (3) ways for and 47107(h)(2), the FAA is considering the information collection and its FRA to enhance the quality, utility, and a proposal from the Airport expected burden. On July 16, 2020, FRA clarity of the information being Superintendent, Nampa Municipal published a notice providing a 60-day collected; and (4) ways to minimize the Airport, to change a portion of the period for public comment on the ICR. Nampa Municipal Airport from burden of information collection DATES: Interested persons are invited to activities on the public, including the aeronautical use to non-aeronautical use submit comments on or before in order to relocate a portion of an use of automated collection techniques November 2, 2020.
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