Notice2023-20495
Delegation of Authority
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 21, 2023
Issuing agencies
Small Business Administration
Abstract
This document provides the public with notice of the delegation of authority for certain activities related to the licensing of Small Business Investment Companies by the Administrator of the Small Business Administration (SBA) to the Agency Licensing Committee.
Full Text
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<title>Federal Register, Volume 88 Issue 182 (Thursday, September 21, 2023)</title>
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[Federal Register Volume 88, Number 182 (Thursday, September 21, 2023)]
[Notices]
[Pages 65222-65223]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-20495]
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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 with notice of the
delegation of authority for certain activities related to the licensing
of Small Business Investment Companies by the Administrator of the
Small Business Administration (SBA) to the Agency Licensing Committee.
FOR FURTHER INFORMATION CONTACT: Arthur Spivey, Office of Investment
and Innovation, U.S. Small Business Administration, 409 3rd Street SW,
Washington, DC 20416; (202) 205-7098 or <a href="/cdn-cgi/l/email-protection#a5c4d7d1cdd0d78bd6d5ccd3c0dce5d6c7c48bc2cad3"><span class="__cf_email__" data-cfemail="0c6d7e7864797e227f7c657a69754c7f6e6d226b637a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: This document provides the public with
notice of the Administrator's delegation of authority to the Agency
Licensing Committee to review and recommend to the Administrator for
approval applications for licenses to operate as a small business
investment company under the Small Business Investment Act of 1958, as
amended.
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 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 Administrator which such applications
should be approved is delegated to the Agency Licensing Committee.
The Agency Licensing Committee shall be composed of the following
members:
[[Page 65223]]
Associate Administrator for Investment and Innovation (Committee Chair)
General Counsel
Associate Administrator for Capital Access
Associate Administrator for Field Operations
Chief Financial Officer
Administrator Appointed Observer(s) *
* Administrator may appoint observers within the agency or from
agencies with whom SBA has formally entered into an SBIC interagency
partnership initiative through a Memorandum of Understanding or
Agreement.
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 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, may serve on
the Committee during such absence or inability. In addition, if one of
the positions listed as a member of the Agency Licensing Committee is
vacant, the individual serving in that position in an acting capacity
shall serve on the Agency Licensing Committee. Finally, in the event
the Administrator is recused on an application recommended for approval
by the Agency Licensing Committee, the Deputy Administrator shall be
delegated authority for final ratification. This authority will remain
in effect until revoked in writing by the Administrator or by operation
of law.
Dated: September 18, 2023.
Bailey DeVries,
Associate Administrator, Office of Investment and Innovation.
[FR Doc. 2023-20495 Filed 9-20-23; 8:45 am]
BILLING CODE 8026-09-P
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