Federal Register - July 1, 2021

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Fuente: Federal Register

35144

Federal Register / Vol. 86, No. 124 / Thursday, July 1, 2021 / Notices
SMALL BUSINESS ADMINISTRATION
Disaster Declaration 16934 and 16935;
Kentucky Disaster Number KY00085

Presidential Declaration Amendment of a Major Disaster for Public Assistance Only for the Commonwealth of Kentucky U.S. Small Business Administration.
ACTION: Amendment 4.
AGENCY:

This is an amendment of the Presidential declaration of a major disaster for Public Assistance Only for the Commonwealth of Kentucky FEMA4595DR, dated 04/23/2021.
Incident: Severe Storms, Flooding, Landslides, and Mudslides.
Incident Period: 02/27/2021 through 03/14/2021.
DATES: Issued on 06/25/2021.
Physical Loan Application Deadline Date: 06/22/2021.
Economic Injury EIDL Loan Application Deadline Date: 01/24/2022.
ADDRESSES: Submit completed loan applications to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
FOR FURTHER INFORMATION CONTACT: A.
Escobar, Office of Disaster Assistance, U.S. Small Business Administration, 409 3rd Street SW, Suite 6050, Washington, DC 20416, 202 2056734.
SUPPLEMENTARY INFORMATION: The notice of the Presidents major disaster declaration for Private Non-Profit organizations in the Commonwealth of Kentucky, dated 04/23/2021, is hereby amended to include the following areas as adversely affected by the disaster.
Primary Counties: Ballard.
All other information in the original declaration remains unchanged.
SUMMARY:

Catalog of Federal Domestic Assistance Number 59008
James Rivera, Associate Administrator for Disaster Assistance.
FR Doc. 202114041 Filed 63021; 8:45 am BILLING CODE 802603P

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SMALL BUSINESS ADMINISTRATION
Data Collection Available for Public Comments 60-Day notice and request for comments.

ACTION:

The Small Business Administration SBA intends to request approval, from the Office of Management and Budget OMB, for the
SUMMARY:

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collection of information described below. The Paperwork Reduction Act PRA requires federal agencies to publish a notice in the Federal Register concerning each collection of information before submission to OMB
and to allow 60 days for public comment in response to the notice. This information collection is currently approved under emergency procedures, which includes waiver of that notice.
This publication complies with the PRA
requirement to publish the waived notice as a prerequisite to requesting standard review and approval from OMB.
DATES: Submit comments on or before August 30, 2021.
ADDRESSES: Send all comments related to this Federal Register Notice electronically to 7apaycheckloanprogramquestions@
sba.gov. with the Subject Line: SBA
Form 3511 Comments.
FOR FURTHER INFORMATION CONTACT:
Mary Frias, Loan Specialist, at mary.frias@sba.gov; 2024018234, or Curtis B. Rich, Management Analyst, 2022057030; curtis.rich@sba.gov.
SUPPLEMENTARY INFORMATION: Section 1102 of the Coronavirus Aid, Relief, and Economic Security CARES Act, Public Law 116136, authorizes SBA to guarantee loans made by banks or other financial institutions under a new temporary 7a program titled the Paycheck Protection Program PPP
to small businesses, certain non-profit organizations, veterans organizations, Tribal business concerns, independent contractors and self-employed individuals adversely impacted by the Coronavirus Disease COVID19
Emergency. This authority initially expired on August 8, 2020. The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act Economic Aid Act, Public Law 116
260, renewed SBAs authority to make PPP loans until March 31, 2021, and added authority for Second Draw PPP
Loans under 7a37 of the Small Business Act. The program authority was further extended until June 30, 2021, by the PPP Extension Act of 2021, Public Law 1176.
When they applied for a PPP loan, Borrowers with affiliates, as defined in SBAs regulations at 13 CFR 121.301f, were required to disclose such affiliation and certify that they were eligible to receive the loan under the SBAs rules in effect at the time the application was submitted. During any review of a PPP loan, SBA will be evaluating the borrowers eligibility certification, including its compliance with size and affiliation requirements. If
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SBA determines that additional information is necessary to evaluate the borrowers eligibility certification, SBA
uses this information collection SBA
Form 3511, Affiliation Worksheet to collect that supplemental information from the borrower.
On December 14, 2020, SBA received approval from OMB to collect the information using Form 3511. On December 27, 2020, the Economic Aid Act was enacted, which among other things, revised certain PPP requirements governing borrower eligibility. On March 11, 2021, the American Rescue Plan Act ARPA, Public Law 1172, was enacted, which among other things, also expanded eligibility for First and Second Draw PPP Loans, revised the size standard calculation for certain businesses to be on a per physical location basis, and added affiliation waivers for certain businesses and organizations. As a result, SBA is making the following substantive revisions to Form 3511: a Adding two additional affiliation waivers to the table in Part B, Section I for eligible news organizations and internet-only publishing organizations and adding a new note to this section stating that the same affiliation waivers apply to First Draw and Second Draw PPP Loans; b adding language to Section II stating that only the employee-based size standard is applicable to Second Draw PPP Loans and adding a new note stating the applicable size standards for Second Draw PPP Loans; c revising the note explaining the size standards applicable to First Draw PPP Loans; and d adding language to notes 912, which explain the bases of affiliation, to provide guidance to assist nonprofit organizations in applying the affiliation rules. Finally, SBA is revising the format of the form by changing the footnotes to endnotes to prevent the tables from breaking across pages and to improve readability of the form. SBA
requested emergency approval of these revisions to ensure affected borrowers have the information necessary to make informed decisions. SBA invites the public to provide comments on this information collection by the deadline stated above. Based on comments received, the Agency will make further revisions, if necessary. a Solicitation of Public Comments: SBA is requesting comments on i Whether the collection of information is necessary for the agency to properly perform its functions; ii whether the burden estimates are accurate; iii whether there are ways to minimize the burden, including through the use of automated techniques or other forms of information
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Federal Register - July 1, 2021

TítuloFederal Register

PaísEstados Unidos de América

Fecha01/07/2021

Nro. de páginas322

Nro. de ediciones7801

Primera edición14/03/1936

Ultima edición24/06/2026

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