[Federal Register Volume 59, Number 140 (Friday, July 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17702]


[[Page Unknown]]

[Federal Register: July 22, 1994]


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SMALL BUSINESS ADMINISTRATION

13 CFR Part 101

 

Delegations of Authority: Surety Guarantees

AGENCY: Small Business Administration.

ACTION: Final rule.

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SUMMARY: The Small Business Administration (SBA) is extending its 
delegations of authority for guaranteeing sureties against a portion of 
the losses resulting from the breach of bid, payment or performance 
bonds on contracts to include the District Director and the Assistant 
District Director for Economic Development in certain specified 
district offices.

EFFECTIVE DATE: This rule is effective on July 22, 1994.

FOR FURTHER INFORMATION CONTACT:
Dorothy D. Kleeschulte, Associate Administrator, Office of Surety 
Guarantees, U.S. Small Business Administration, 409 3rd Street SW., 
Washington, DC 20416, (202) 205-6540.

SUPPLEMENTARY INFORMATION: SBA is expanding its delegations of 
authority for guaranteeing sureties against a portion of the losses 
resulting from the breach of bid, payment or performance bonds on 
contracts. Under the amendment the District Director and the Assistant 
District Director for Economic Development in the following District 
Offices have been delegated such authority for contracts not to exceed 
$1,250,000: Boston, MA; New York, NY; Philadelphia (King of Prussia), 
PA; Atlanta, GA; Chicago, IL; Dallas, TX; Kansas City, MO; Denver, CO; 
San Francisco, CA; and Seattle, WA.
    Because this final rule governs matters of agency organization, 
management and personnel and makes no substantive change in SBA's 
regulations, SBA is not required to determine if these changes 
constitute a major or significant rule for purposes of Executive Order 
12866, to determine if they have a significant economic impact on a 
substantial number of small entities pursuant to the Regulatory 
Flexibility Act (5 U.S.C. 601 et seq.), or to perform a Federalism 
assessment pursuant to Executive Order 12612. SBA certifies that these 
changes will not impose a new recordkeeping or reporting requirement 
under the Paperwork Reduction Act (44 U.S.C. CH 35).
    SBA is publishing this regulation governing agency organization, 
procedure and practice as a final rule without opportunity for notice 
and public comment pursuant to 5 U.S.C. 553(b)(A). The rule will be 
effective upon publication to expedite the more efficient processing of 
applications for surety guarantees.

List of Subjects in 13 CFR Part 101

    Authority delegations (Government agencies); Administrative 
practice and procedure; Organization and functions (Government 
agencies).

    Part 101 of title 13, Code of Federal Regulations, is amended as 
follows:

PART 101--[AMENDED]

    1. The authority citations for part 101 continue to read as 
follows:

    Authority: Secs. 4 and 5, Pub. L. 85-536, 72 Stat. 384 and 385 
(15 U.S.C. 633 and 634, as amended); sec. 308, Pub. L. 85-699, 72 
Stat. 694 (15 U.S.C. 687, as amended); sec. 5(b)(11), Pub. L. 93-386 
(August 23, 1974); and 5 U.S.C. 552.

    2. Section 101.3-2 is revised in Part III, Section C, by 
redesignating items 1(c) through 1(f) as 1(e) through 1(h) and by 
inserting items 1(c) and 1(d) to read as follows:


Sec. 101.3-2  Delegations of authority to conduct program activities in 
field offices.

* * * * *

PART III--OTHER FINANCIAL AND GUARANTY PROGRAMS

* * * * *

Section C--Surety Guarantee

* * * * *
c. District Director for the following District Offices: Boston, MA; 
New York, NY; Philadelphia (King of Prussia), PA; Atlanta, GA; Chicago, 
IL; Dallas, TX; Kansas City, MO; Denver, CO; San Francisco, CA; and 
Seattle, WA
$1,250,000
d. Assistant District Director for Economic Development for the 
following District Offices: Boston, MA; New York, NY; Philadelphia 
(King of Prussia), PA; Atlanta, GA; Chicago, IL; Dallas, TX; Kansas 
City, MO; Denver, CO; San Francisco, CA; and Seattle, WA
$1,250,000
* * * * *
    Dated: July 12, 1994.
Cassandra M. Pulley,
Acting Administrator.
[FR Doc. 94-17702 Filed 7-21-94; 8:45 am]
BILLING CODE 8025-01-M