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GAO-02-210R 1 (2001-11-16)

handle is hein.gao/gaobadwfw0001 and id is 1 raw text is: 

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       Accountability * Integrity * Reliability
United States General Accounting Office
Washington, DC 20548

          B-289278



          November 16, 2001

          The Honorable John F. Kerry
          Chairman
          The Honorable Christopher S. Bond
          Ranking Minority Member
          Committee on Small Business and Entrepreneurship
          United States Senate

          The Honorable Donald A. Manzullo
          Chairman
          The Honorable Nydia M. Veldzquez
          Ranking Minority Member
          Committee on Small Business
          House of Representatives

          Subject: Small Business Administration: Disaster Loan Program

          Pursuant to section 801(a) (2) (A) of title 5, United States Code, this is our report on a
          major rule promulgated by the Small Business Administration (SBA), entitled
          Disaster Loan Program (RIN: 3245-AE82). We received the rule on November 5,
          2001. It was published in the Federal Register as an interim final rule with request
          for comments on October 22, 2001. 66 Fed. Reg. 53329.

          The interim rule allows SBA to make economic disaster loans to eligible small
          business concerns outside the declared disaster areas that suffered substantial
          economic injury as a direct result of the destruction of the World Trade Center,
          New York, New York, or the damage to the Pentagon on September 11, 2001, or as a
          direct result of any related federal action taken between September 11, 2001, and
          October 22, 2001.

          Enclosed is our assessment of the SBA's compliance with the procedural steps
          required by section 801(a)(1)(B)(i) through (iv) of title 5 with respect to the rule.
          Our review indicates that the SBA complied with the applicable requirements.


GAO-02-21OR

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