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Federal Register / Vol. 74, No. 68 / Friday, April 10, 2009 / Notices

correction, with supporting justification
showing how the record is incomplete,
untimely, inaccurate or irrelevant. This
procedure is in accordance with OPIC
Regulations (22 CFR 707.22).
RECORD SOURCE CATEGORIES:

Information in this system of records
is (1) supplied directly by the
individual, or (2) derived from
information supplied by the individual,
or (3) supplied by Human Resources
Management Staff (HIRM) and other
OPIC officials.
EXEMPTIONS CLAIMED FOR THE SYSTEM:

None.
Dated: April 1, 2009.
Denise H. Bielan,
Director for Human Resources Management.
[FR Doc. E9–7915 Filed 4–9–09; 8:45 am]
BILLING CODE

James K. Freiert, Deputy Assistant
Director, Retirement Services Group
Program, Center for Retirement and
Insurance Services, U.S. Office of
Personnel Management, 1900 E Street,
NW., Room 3305, Washington, DC
20415–3500 and
Alexander Hunt, OPM Desk Officer,
Office of Information & Regulatory
Affairs, Office of Management and
Budget, New Executive Office
Building, 725 17th Street, NW., Room
10235, Washington, DC 20503.
For information regarding
administrative coordination contact:
Cyrus S. Benson, Team Leader,
Publications Team, RIS Support
Services/Support Group, U.S. Office of
Personnel Management, 1900 E Street,
NW., Room 4H28, Washington, DC
20415, (202) 606–0623.
U.S. Office of Personnel Management.
Kathie Ann Whipple,
Acting Director.
[FR Doc. E9–8159 Filed 4–9–09; 8:45 am]

OFFICE OF PERSONNEL
MANAGEMENT

BILLING CODE 6325–38–P

[OMB Control No. 3206–0215; OPM Form
RI 25–49]

Submission for OMB Review; Request
for Comments on an Existing
Information Collection
AGENCY: Office of Personnel
Management.
ACTION: Notice.
SUMMARY: In accordance with the
Paperwork Reduction Act of 1995 (Pub.
L.104–13, May 22, 1995), this notice
announces that the Office of Personnel
Management (OPM) has submitted to
the Office of Management and Budget
(OMB) a request for review of an
existing information collection. This
information collection, ‘‘Verification of
Full-Time School Attendance’’ (OMB
Control No. 3206–0215; OPM form RI
25–49), is used to verify that adult
student annuitants are entitled to
payments. OPM must confirm that a
full-time enrollment has been
maintained.
Approximately 10,000 RI 25–49 forms
are completed annually. Each form takes
approximately 60 minutes to complete.
The annual estimated burden for the
form is 10,000 hours.
For copies of this proposal, contact
Cyrus S. Benson on (202) 606–4808,
FAX (202) 606–0910 or by E-mail to
[email protected]. Please include
your mailing address with your request.
DATES: Comments on this proposal
should be received within 30 calendar
days from the date of this publication.
ADDRESSES: Send or deliver comments
to—

VerDate Nov<24>2008

15:39 Apr 09, 2009

Jkt 217001

SMALL BUSINESS ADMINISTRATION
Development Company Loan
Program—Job Opportunity
Requirement
AGENCY: U.S. Small Business
Administration.
ACTION: Notice, changing of job
requirements.
SUMMARY: This Notice specifies the job
creation or retention requirements
under SBA’s Development Company
Loan Program (504 Program), and the
changes made to these requirements by
the American Recovery and
Reinvestment Act of 2009.
DATES: Effective Date: This notice is
effective April 10, 2009.
Applicability Date: The changes to the
job creation or retention standards made
by the American Recovery and
Reinvestment Act that are specified in
this notice apply to new loan
applications received on or after
February 17, 2009.
FOR FURTHER INFORMATION CONTACT: The
SBA district office nearest you; the list
of offices can be found at http://
www.sba.gov/localresources/index.html.
SUPPLEMENTARY INFORMATION:

I. Background
The American Recovery and
Reinvestment Act of 2009 (the Recovery
Act), Public Law 111–05, was enacted
on February 17, 2009 to among other
things, promote economic recovery by
preserving and creating jobs, and

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assisting those most impacted by the
severe economic conditions facing the
nation. Among ARRA’s several
initiatives to re-invigorate small
businesses is the revision of the job
creation goals of SBA’s 504 Program.
The purpose of the 504 Program is to
foster economic development and create
and preserve job opportunities in both
urban and rural areas by providing longterm financing for small business
concerns. Loans made under the 504
Program are principally used by small
businesses to build or to purchase longterm fixed assets (mostly acquiring land
and constructing or renovating
commercial buildings) to assist in the
growth of the business.
II. Job Creation or Retention
Requirements
Under the 504 Program, a 504 loan is
required to create or retain a minimum
number of jobs within two years of the
disbursement of the loan as a result of
the project or to meet other defined
economic development objectives (13
CFR 120.861–120.862).
The standards for determining
whether a project meets the job creation
or retention requirements are set forth in
section 501(e) of the Small Business
Investment Act.
In the Section 504 Loan Application,
the borrower will enter the number of
jobs to be created or retained as a result
of the project and the CDC will verify
that it meets the job creation or
retention requirements. In addition, the
job impact data will continue to be
entered into SBA’s database, and the
application data combined with data
from annual CDC reports will be used to
report the total number of jobs created
or retained.
To stimulate the growth of small
business and create more job
opportunities, section 504(b) of the
Recovery Act, amends the minimum
number of jobs that are required to be
created or retained per dollar amount
guaranteed by SBA by increasing such
dollar amount from $50,000 to $65,000,
as follows:
(1) A Project must create or retain one
Job Opportunity per $65,000 of 504 loan
funding, or
(2) For Projects that are eligible under
the 504 Program under 13 CFR 120.862,
a CDC’s portfolio must reflect an average
of one Job Opportunity for every
$65,000 guaranteed by SBA.
The remaining amounts listed below
are unchanged from the amounts set
forth in section 501(e)(1) and (3) of the
Small Business Investment Act of 1958:
(1) A Project must create or retain one
Job Opportunity per $100,000 of 504

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