[Federal Register Volume 79, Number 132 (Thursday, July 10, 2014)]
[Notices]
[Page 39452]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-16166]


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SMALL BUSINESS ADMINISTRATION


Small Business Investment Company (SBIC) Program: Update to 
TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline 
Investments

AGENCY: Small Business Administration.

ACTION: Notice; request for comments on updated TechNote 9: Guidance 
for Obtaining a Regulatory Exemption for Overline Investments.

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SUMMARY: The Small Business Administration (SBA) intends to update 
TechNote 9: Guidance for Obtaining a Regulatory Exemption for Overline 
Investments (TechNote 9) to conform to changes to the overline 
regulation that have occurred and explain the process SBICs have to 
follow to obtain SBA's prior written exemption for an overline 
investment. The SBA welcomes comments from the public on how to achieve 
these objectives.

DATES: Comments on TechNote 9 must be submitted within 30 days from the 
date of this public notice.

ADDRESSES: Submit your comments, identified by Docket ID No. SBA-2014-
0010, at www.regulations.gov. Comments may only be submitted at this 
Web address; follow the instructions on the Web site for submitting 
comments.
    All comments received will be included in the public docket without 
change and will be available online at www.regulations.gov. All 
submissions, including attachments and other supporting materials, will 
become part of the public record and subject to public disclosure. 
Sensitive information and information that you consider to be 
Confidential Business Information or otherwise protected should not be 
included. Submissions will not be edited to remove any identifying or 
contact information.

FOR FURTHER INFORMATION CONTACT: Paul Salgado, Office of SBIC 
Operations, at (202) 205-7605.

SUPPLEMENTARY INFORMATION: The SBIC Program is one of the financial 
assistance programs available through SBA. The SBIC Program was 
established under the Small Business Investment Act of 1958, as 
amended. SBICs are privately owned and managed investment funds, 
licensed and regulated by SBA, that use their own capital plus funds 
borrowed with an SBA guarantee to make equity and debt investments in 
qualifying small businesses.
    In April 2002, SBA issued TechNote 9 to establish general 
guidelines regarding overline investments and to describe the process 
for obtaining SBA's prior written approval for overline investments 
pursuant to the SBA regulations governing the SBIC Program (13 CFR part 
107). Since that time, significant changes to the overline regulations 
have occurred. In addition, SBICs must now obtain SBA's prior written 
exemption to make an overline investment. This TechNote 9 updates and 
replaces the April 2002 TechNote 9 to describe the general changes to 
the regulation and explain the process SBICs have to follow to obtain 
SBA's prior written exemption for an overline investment. SBICs are 
required to follow the procedures in TechNote 9 to obtain approval for 
an overline investment. The updated TechNote 9 is available at http://www.sba.gov/sites/default/files/files/TechNote_9.pdf. SBA is 
soliciting comments and recommendations from the public on the updated 
TechNote 9 and will consider such comments when revising it. The SBA 
will not issue another notice in the Federal Register but will post the 
final revised version of the updated TechNote 9 on the SBIC Web site at 
http://www.sba.gov/sites/default/files/files/SBICTechnote09.pdf.

    Authority: 15 U.S.C. 681.

     Dated: July 2, 2014.
Javier E. Saade,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2014-16166 Filed 7-9-14; 8:45 am]
BILLING CODE 8025-01-P