[Federal Register Volume 73, Number 146 (Tuesday, July 29, 2008)]
[Notices]
[Pages 43971-43972]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-17361]


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SMALL BUSINESS ADMINISTRATION


Delegation of Authority

AGENCY: U.S. Small Business Administration.

ACTION: Notice of delegation of authority.

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SUMMARY: This document provides the public notice of the delegation of 
authority for certain investment activities by the Administrator of the 
Small Business Administration (SBA) to the Deputy Administrator, the 
Chief of Staff and the Agency Licensing Committee.

FOR FURTHER INFORMATION CONTACT: A. Joseph Shepard, Associate 
Administrator for Investment, U.S. Small Business Administration, 409 
3rd Street, SW., Washington, DC 20416; telephone number: (202) 205-
6565,

[[Page 43972]]

facsimile number: (202) 481-2893; and electronic mail: 
[email protected].

SUPPLEMENTARY INFORMATION: This document provides the public notice of 
the Administrator's delegation of authority with respect to the 
Administrator's approval of applications for licenses to operate as a 
small business investment company under the Small Business Investment 
Act of 1958, as amended, and issuance of licenses for such operation. 
This delegation of authority reads as follows:
    Pursuant to the authority vested in me pursuant to section 301 of 
the Small Business Investment Act of 1958, as amended, the following 
authority relating to investment activities is delegated to the 
specific positions indicated herein as follows:
    A. To the Deputy Administrator: the authority to approve 
applications for a license to operate as a small business investment 
company under the Small Business Investment Act of 1958, as amended; 
provided, that, during any period in which the Deputy Administrator is 
serving as the Acting Administrator, or the position of Deputy 
Administrator is vacant, or the Deputy Administrator is absent from the 
office (as defined in SBA Standard Operating Procedure 00 01 2), such 
authority is delegated to the Chief of Staff.
    B. To the Agency Licensing Committee: the authority to take any and 
all actions necessary to review applications for licensing under 
section 301 of the Small Business Investment Act of 1958, as amended, 
and to recommend to the Deputy Administrator which such applications 
should be approved.
    The Agency Licensing Committee shall be composed of the following 
members: Associate Administrator for Capital Access, Chair, Associate 
Administrator for Investment, General Counsel, Deputy General Counsel, 
Chief Financial Officer.
    This authority revokes all other authorities granted by the 
Administrator to recommend and approve applications for a license to 
operate as a small business investment company under the Small Business 
Investment Act of 1958, as amended. This authority may not be re-
delegated; however, in the event that the person serving in one of the 
positions listed as a member of the Agency Licensing Committee is 
absent from the office, as defined in SBA Standard Operating Procedure 
00 01 2, or is unable to perform the functions and duties of his or her 
position, the individual serving in an acting capacity, pursuant to a 
written and established line of succession, shall serve on the 
Committee during such absence or inability. This authority will remain 
in effect until revoked in writing by the Administrator or by operation 
of law.

    Dated: July 7, 2008.
Jovita Carranza,
Acting Administrator.
[FR Doc. E8-17361 Filed 7-28-08; 8:45 am]
BILLING CODE 8025-01-P