[Federal Register Volume 61, Number 155 (Friday, August 9, 1996)]
[Rules and Regulations]
[Page 41496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20317]


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SMALL BUSINESS ADMINISTRATION

13 CFR Part 107


Small Business Investment Companies; Correction

AGENCY: Small Business Administration.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to the final regulations 
that were published Wednesday, January 31, 1996, (61 FR 3177).

EFFECTIVE DATE: January 31, 1996.

FOR FURTHER INFORMATION CONTACT: Leonard Fagan, Office of Investment, 
(202) 205-6510.

SUPPLEMENTARY INFORMATION:

Background

    The final regulations that are the subject of these corrections 
concern policies applicable to financing of small businesses by 
licensees and participating securities leverage under the Small 
Business Investment Company program.

Need for Correction

    As published, the final regulations contain errors that may prove 
to be misleading and are in need of clarification.

List of Subjects in 13 CFR Part 107

    Investment companies, Loan programs--business, Reporting and 
recordkeeping requirements, Small businesses.

PART 107--SMALL BUSINESS INVESTMENT COMPANIES

    Accordingly, 13 CFR Part 107 is corrected by making the following 
correcting amendments:
    1. The authority citation for Part 107 continues to read as 
follows:

    Authority: 15 U.S.C. 681 et seq., 683, 687(c), 687b, 687d, 687g, 
and 687m.


Sec. 107.50  [Corrected]

    In Sec. 107.50, in the definition of ``Affiliate or Affiliates'', 
the citation to ``Sec. 121.401'' is revised to read ``Sec. 121.103''.


Sec. 107.860  [Corrected]

    In Sec. 107.860, paragraph (b), the citation to ``Sec. 107.115'' is 
revised to read ``107.500''.


Sec. 107.1530  [Corrected]

    In Sec. 107.1530, in the example to paragraph (g)(2)(i), in the 
brackets following the last sentence, the word ``Rate'' is added after 
the word ``Treasury''.
    In Sec. 107.1530, in paragraph (g)(2)(ii), the portion of the 
equation ``((.0855 x .08)-.08)'' is revised to read ``((.0855-
.08).08)''.

    Dated: July 30, 1996.
Philip Lader,
Administrator.
[FR Doc. 96-20317 Filed 8-8-96; 8:45 am]
BILLING CODE 8025-01-P