{"abstract":"In response to an Advanced Notice of Proposed Rulemaking (\"ANPRM\") published by the U.S. Small Business Administration (\"SBA\" or \"the Agency\") on December 6, 2002, SBA solicited comments on the Certified Development Company (\"CDC\") Loan Program (the \"CDC Program\" or the \"504 Program\"). Based on the comments received and due to SBA's desire to improve 504 Program delivery to small businesses, SBA proposes to amend the regulations governing the 504 Program. The most significant regulations that SBA proposes to change are those governing a CDC's area of operations; a CDC's organizational structure; the requirements for a new CDC or a CDC requesting to expand its territory; the \"adequately served\" standard; and whether a CDC may participate in other SBA loan programs. Also, to allow for greater delegation of authority to CDCs, the proposed rule includes expanded sections on the Accredited Lender Program (\"ALP\"), the Premier Certified Lender Program (\"PCLP\") and a simplification and clarification of the enforcement provisions for CDCs. In addition, SBA proposes to increase the \"job opportunity average\" and to permit CDCs to approve more projects that do not meet the job creation criteria but do meet other statutory goals. The proposed amendments also clarify the regulations governing fees that a small business may and may not be charged.","action":"Proposed rule.","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2003/07/08/03-16862.html","cfr_references":[{"chapter":null,"citation_url":null,"part":120,"title":13}],"citation":"68 FR 40553","comment_url":null,"comments_close_on":"2003-08-07","correction_of":null,"corrections":[],"dates":"Comments must be received on or before August 7, 2003.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"03-16862","effective_on":null,"end_page":40573,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2003/07/08/03-16862.xml","html_url":"https://www.federalregister.gov/documents/2003/07/08/03-16862/development-company-loan-504-program-changes","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/03-16862?publication_date=2003-07-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2003-07-08/03-16862/mods.xml","not_received_for_publication":null,"page_length":21,"page_views":{"count":144,"last_updated":"2026-08-25 04:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2003-07-08/pdf/03-16862.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2003-07-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2003/07/08/03-16862.txt","regulation_id_number_info":{"3245-AE41":{"issue":"200304","html_url":"https://www.federalregister.gov/regulations/3245-AE41/development-company-loan-504-program-changes","title":"Development Company Loan (504) Program Changes","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200304&RIN=3245-AE41&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["3245-AE41"],"regulations_dot_gov_info":{},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":40553,"subtype":null,"title":"Development Company Loan (504) Program Changes","toc_doc":"Certified Development Company Loan Program changes","toc_subject":"Business loans:","topics":["Loan programs-business","Reporting and recordkeeping requirements","Small businesses"],"type":"Proposed Rule","volume":68}