[Federal Register Volume 79, Number 75 (Friday, April 18, 2014)]
[Notices]
[Page 22005]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-08904]


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DEPARTMENT OF THE TREASURY


State Small Business Credit Initiative; Notice of Availability of 
Revised Policy Guidelines and National Standards

AGENCY: State Small Business Credit Initiative (SSBCI), Department of 
the Treasury.

ACTION: Notice of document availability.

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SUMMARY: This Notice announces the availability of revised SSBCI Policy 
Guidelines and SSBCI National Standards for Compliance and Oversight.

DATES: Effective Date: April 18, 2014.

ADDRESSES: Copies of the document are available at the SSBCI Web site 
at www.treasury.gov/ssbci.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Deputy Director, SSBCI, Department of the 
Treasury, 655 15th Street NW., Washington, DC 20220.

SUPPLEMENTARY INFORMATION: SSBCI was created under the Small Business 
Jobs Act of 2010 (Pub. L. 111-240) (the ``Act'') to help establish and 
strengthen state programs that support lending to small businesses. 
Under SSBCI, all states, territories, the District of Columbia, and 
eligible municipalities (collectively, ``Participating States'') could 
apply for and receive an allocation of SSBCI funds to design and 
implement programs to expand access to capital to small businesses. 
Treasury published the SSBCI Policy Guidelines (``Policy Guidelines'') 
and SSBCI National Standards for Compliance and Oversight (``National 
Standards''), which are applicable to all Participating States as they 
implement their SSBCI programs. The Policy Guidelines articulate 
program rules and the National Standards provide Participating States 
with a recommended framework for identifying, monitoring, and managing 
SSBCI compliance and oversight risks. Since the documents were 
initially published, Treasury has clarified certain program rules 
regarding conflicts of interest in Venture Capital Programs and is now 
issuing revised guidelines and standards to reflect the clarifications. 
Specifically, the revisions to the Policy Guidelines clarify: (1) The 
certifications that must be obtained from financial institution lender 
or non-financial institution lender if the business is receiving the 
benefit of SSBCI funds through an Other Credit Support Program that is 
not an SSBCI Venture Capital Program; (2) the certifications that must 
be obtained from financial institution lender or non-financial 
institution lender if the business is receiving the benefit of SSBCI 
funds through an an SSBCI Venture Capital Program. The revisions to the 
National Standards clarify (1) the conflict of interest rules that 
apply to SSBCI Venture Capital Programs. The Policy Guidelines and 
National Standards are available on Treasury's Web site at 
www.treasury.gov/ssbci.

    Dated: April 14, 2014.
Clifton G. Kellogg,
Director, State Small Business Credit Initiative.
[FR Doc. 2014-08904 Filed 4-17-14; 8:45 am]
BILLING CODE 4810-25-P