compromise settlement, except as permitted in the Loan Servicing Directive. Directs the development of short- and long-range objectives and program goals in accordance with agency objectives set forth in the PPBS, contributes to the annual compilations of that report and its quarterly review, evaluates the performance of the personnel for which they are responsible and assures that the goals and objectives established are met. Provides advice and guidance to the area offices with respect to the business loan programs of SBA including training of program personnel. Reviews operations within the areas and makes visits to appraise performance.

(c) Office of Disaster Loans. Formulates and recommends Agency policy governing the disaster loan programs of the Small Business Administration. Plans, directs, coordinates, and evaluates the SBA programs governing physical, major or natural disaster loans, and economic injury loans. Analyzes reports of physical disaster damage from field offices and other sources for the purpose of recommending disaster declarations to the Administrator. Maintains necessary liaison and coordination with Federal, State, and local governments, as well as with private organizations, enlisting their help, support, and cooperation in providing assistance during times of disaster. Directs the development of short- and long-range objectives and program goals. Evaluates the performance of the personnel for which responsible and assures that the goals and objectives established are met. Maintains a cadre of disaster personnel in a constant state of readiness to move to the site of a disaster to establish required special disaster offices.

(d) Office of Appraisals. Formulates and recommends Agency policy governing the appraisal program of the Small Business Administration. Plans, coordinates, and evaluates SBA's programs involving appraisals of physical properties representing collateral securing various types of loans, engineering and feasibility determinations of projects, and proposals and surveillance of approved projects, for loan disbursements. Provides advice, guidance, and technical support to the area offices with respect to the appraisal program of SBA. Initiates technical training directives and guides for the appraisal program. Maintains liaison with governmental and nongovernmental agencies whose activities relate

to the appraisal program of SBA. Directs the development of short- and longrange national objectives and program goals. Evaluates the performance of the personnel for which responsible and assures that the goals and objectives established are met. Takes necessary action on matters which must come to the Washington office for decision.

(e) Office of Economic Development. Formulates and recommends Agency policy governing the economic development programs of the Small Business Administration. Plans, directs, coordinates, and evaluates section 501, State development company, and section 502, development company loan programs excluding the liquidation of such loans. Provides for the administration of financial and technical activities conducted on behalf of the Economic Development Administration under the terms of an agreement between the Secretary of commerce and the Administrator of SBA. Maintains liaison with State and local development companies, the Economic Development Administration and other Government agencies having programs relating to these activities. Directs the development of short- and long-range objectives and program goals. Evaluates the performance of the personnel for which responsible and assures that the goals and objectives established are met. Provides advice and guidance to the area offices with respect to the economic development loan programs of SBA and the Economic Development Administration.

(f) Office of Liquidation and Disposal. Formulates and recommends Agency policy governing the liquidation and disposal program of the Small Business Administration. Plans, directs, coordinates, and executes the administration of all the Small Business Administration and Economic Development Administration accounts classified as "in liquidation", "charged off", or "acquired property." Maintains liaison with other Government agencies whose activities relate to the liquidation and disposal program of SBA. Directs the development of shortand long-range objectives and program goals. Evaluates the performance of the personnel for which responsible and assures that the goals and objectives established are met. Exercises final authority on all requests from area offices on loans classified as "in liquidation" regarding denial of liability under participation or guarantee agreement, takng legal action against a participant or effecting a com

promise settlement, except as provided in the Liquidation and Disposal Directive. Exercises final authority on all requests from area offices for deviations from established SBA liquidation and disposal procedures. Provides technical assistance to the area offices. Participates with General Counsel in the preparation of data which is required to be submitted to the Justice Department for litigation. Effects coordination with the Office of Appraisals in matters pertaining to liquidation and disposal activities.

[Amdt. 7, 32 F.R. 7809, May 30, 1967]

§ 101.2-3 Associate Administrator for

Investment.

Plans, directs, coordinates, and administers the Small Business Investment Program. Directs the development of policies, regulations and technical procedures for the supervision of the program. Determines standards for licensing and issues licenses to small business investment companies. Takes final action on all transactions contemplated by the Small Business Investment Act or Regulations. Takes final action on debentures purchased from and direct loans to SBIC's, and determines actions required to protect SBA's credit position in connection therewith. Formulates and recommends to the Administrator changes in policy requiring his approval. Defines courses of action to be followed in cases of noncompliance with the Act or regulations. Orders investigations when indicated and requests appropriate legal action. Reviews investment company assistance operations conducted at the Washington and field level and initiates corrective policies when required. Serves as an alternate member of the Size Appeals Board.

(a) Staff Director. Plans and directs the development of regulations, procedures, guidelines, and interpretations for the operation of small business investment companies (SBICs) based on approved policy. Coordinates the preparation of program goals and missions and develops Program Planning and Budgeting System data, including Quarterly Briefing documents for presentation by the Associate Administrator for Investment to the Administrator. Directs the preparation of budget estimates for the investment program. Plans and directs the development of accounting requirements and procedures. Reviews the periodic financial reports of SBICS for adherence to accounting requirements and procedures. Plans, develops, and ad

ministers the program for financial and statistical analyses. Develops recommendations relating to personnel, directs the maintenance of case files and records for the Investment Company Program and advises the Associate Administrator on all administrative matters relating to the program. Establishes and maintains controls over the flow of reports, documents, and other materials within the Investment Division, between Investment Division and other SBA offices, and with the Licensees. Directs the activities relating to the licensing of SBICs. Consolidates and prepares materials to be incorporated in the Annual Report for submission to the President and Congress. Cooperates with other SBA offices in the preparation and review of legislation. Serves as liaison and focal point of contact with other organizational segments of SBA. Serves as liaison with other Government agencies, financial and industrial organizations, trade associations, and similar groups.

(1) Office of Licensing. Plans, administers, and coordinates the program for licensing small business investment companies to operate under the provisions of the Small Business Investment Act of 1958, as amended. Recommends action on proposals and license applications filed under the Small Business Investment Act and Regulations, including the review of security information reports. Develops, recommends, and implements procedures for the licensing of small business investment companies. Provides counseling and interpretation of established regulations to individuals or groups interested in forming SBICS. Answers inquiries and provides information to parties concerning the formation and licensing of SBICS. Reviews and recommends in conjunction with the Office of Investment Company operations the action to be taken for the approval of officers, directors, and 10 percent or more stockholders in connection with actions involving change of control of a Licensee. Also determines that surviving company meets the prescribed licensing standards. Provides technical direction, advice, and information to the SBA field office personnel on the formation and licensing of SBICS. Coordinates the processing of all application documents and arranges interviews or other proceedings for proponents with interested Washington offices engaged in the investment program. Maintains official list of licensed SBICS. (2) Office of Program Development.

Develops and recommends policies and regulations in connection with the operations and practices of SBICs. Drafts and reduces to final form all published regulations, interpretations, etc., in coordination with General Counsel. Interprets and provides advice on established policies and regulations for internal use of other offices and officials within SBA. Provides all precedent setting interpretations of existing regulations to Office of Investment Company Operations upon its request. Conducts research studies involving the development of new or revised policies, regulations, and programs in connection with the investment operations. Coordinates such studies with the interested offices and officials in SBA, when these studies cross operational lines. Prepares program goals and missions and develops Planning, Programing and Budgeting System data. Prepares quarterly briefing documents for presentation by the Associate Administrator to the Administrator. Reviews all legislation, or develops in coordination with the General Counsel, legislative proposals affecting the investment program and recommends appropriate action. Serves as liaison with other Government agencies, financial and industrial organizations, trade associations, and similar groups to keep such organizations informed of the investment program and regulations. Coordinates with the Office of Public Information in the preparation of all informational material to be released to the public on the investment program, including the preparation of speeches for SBA officials. In conjunction with the Office of Administrative Operations, consolidates and prepares all informational materials to be incorporated in the Annual Report for submission to the President and Congress on the investment activities.

(3) Office of Chief Accountant. Plans, develops, and administers the program for financial and statistical analyses of the investment company industry. Serves as a focal point of contact with the Office of Assistant Administrator for Planning, Research and Analysis and participates in the implementation of processing Data Bank information involving the investment program. Develops, recommends, and implements accounting requirements and procedures in connection with the systematic reporting of small business investment companies operating under the Investment Act. Conducts a program to acquaint independent

public accountants of investment companies with the requirements of SBA as to the accounting, scope of audits and examination of investment companies. Develops, prepares, and consolidates financial and statistical analytical and summary reports on the operations of all license SBIC's for the use of SBA in administering the program and in counseling the management of the SBIC's. Participates with other interested SBA offices in special studies for policy guidance based on accounting reports, financial analyses, and related matters concerning SBIC's. Provides counseling and interpretations of accounting policies and regulations to the Offices of SBIC Operations and other SBA offices. Develops and establishes procedures and instructions to SBIC's for reporting program evaluation data on portfolio small business concerns. Develops and prepares analytical and summary reports on the progress of SBICfinanced small business concerns from data furnished on SBIC program evaluation reports. Initiates, develops, and recommends accounting, reporting, and independent auditing regulations and procedures involving SBIC's. Controls the receipt and distribution of all financial and program evaluation reports received from SBIC's.

(4) Office of Administrative Operations. Prepares budget estimates and develops supporting data. Cooperates with the Budget Division in budget preparation, presentation, and control. Participates with the Assistant Administrator for Administration and his staff in matters relating to personnel, fiscal, administrative, and management analysis activities. Directs, recommends, coordinates, and controls all administrative directives, procedures, and practices relating to the functions and activities of the investment program. Initiates and conducts studies designed to facilitate staff operations and leading to solution of special problems as they arise. Advises the Associate Administrator and his key staff on all administrative, personnel, and training matters. Conducts studies and prepares recommendations with respect to manpower utilization, staffing requirements, and delegation of authority. Coordinates followup action and replies on reports of audit examination of the investment program. Coordinates activities with respect to SBA mobilization planning program as they affect the investment program. Establishes and di

rects the maintenance of case files and records for the investment company program.

(b) Investment Company Operations. Provides operational assistance and service to the SBICS operating in the assigned geographical area. Processes all requests and applications submitted by SBICS for prior SBA approval of transactions requiring such approval under the regulations. Takes or recommends final action on requests to purchase subordinated debentures issued by SBICS and loans or guarantees to such companies. Conducts the analyses of all financial statements, examination, and investigation reports covering the operations and practices of the individual SBICS. Determines the financial stability and reliability of the companies, and compliance with the Small Business Investment Act and regulations. Based on these analyses and examinations, or investigations, takes or recommends action to assure compliance with the SBI Act and regulations. Recommends referral to the Office of Audits and Investigations or the General Counsel all cases where evidence tends to establish violation of the SBI Act and regulations. Counsels licensees as to interpretations of the SBI Act and regulations, within policies established by SBA, relative to: SBA financing SBICS; financing of small business concerns by SBICS; transactions requiring prior SBA approval; accounting reports and regulations (this is in accord with established accounting procedures and policies); and any other transactions subject to the regulations. Takes or recommends final action on requests received from SBICs for approval of changes in control, changes in capital structure, mergers, dissolutions, and surrenders of licenses. Establishes adequate reserves for losses in connection with outstanding loans and debentures of operating licenses. Provides documentation and testimony in administrative proceedings and court cases. Examines all proxy material and prospectuses of SBICS filed with SEC, for consistency with the SBI Act and the regulations. Recommends changes in the SBI Act, regulations, forms, and procedures. [Amdt. 7, 32 F.R. 7810, May 30, 1967]

§ 101.2-4 Associate Administrator for Procurement and Management Assistance.

Plans, directs, coordinates, and implements the procurement and management

assistance programs of the Small Business Administration. Formulates and recommends policies and directs the establishment of agencywide standards and procedures to govern these programs and activities. Represents the Administrator in negotiations with other Government agencies whose activities relate to the procurement and management assistance programs of SBA. Plans and directs the development of short- and long-range goals and objectives for agencywide PMA programs and activities. Evaluates and reports to the Administrator on the accomplishments in meeting such goals and objectives. Provides for the development of adequate controls over the administration of these programs as carried out by the Washington and area offices. Serves as member on the Size Appeals Board.

(a) Administrative Operations Staff. Provides administrative support to the Associate Administrator for Procurement and Management Assistance and the Deputy Associate Administrator in the planning, budgeting, and control of the procurement and management assistance programs for which they have responsibility. Provides statistical support for the Associate Administrator and procurement and management

assistance office heads in their reviews of program effectiveness and use in program planning, policy development, and program supervision. Coordinates and recommends procedures and other instructions for the administration of the procurement and management assistance activities. Cooperates with the Assistant Administrator for Administration and his staff with respect to such activities. Develops requirements for program reporting, cost reduction, and manpower utilization. Analyzes deficiencies and inadequacies in program reports and proposes corrective actions. Advises the Associate Administrator on all administrative management, personnel, and general services matters relating to the procurement and management assistance activities with respect to mobilization planning. Coordinates and prepares the Planning, Programing, and Budgeting System statements, statistics, and reports into formal documents or memorandums for submission by the Associate Administrator for Procurement and Management Assistance and Deputy Associate Administrator for Procurement and Management Assistance to the Assistant Administrator for Plan

ning, Research and Analysis and the Bureau of the Budget. Coordinates the development of budget estimates for the procurement and management assistance programs and develops supporting data. Cooperates with the Budget Division, Office of Budget and Finance, in budget preparation, presentation, and control. Prepares material and reports for Congress.

(b) Size Standards Staff. Conducts industrial studies and develops size definitions for financial assistance, procurement and management assistance, and investment programs. Recommends and promulgates size standards including establishment of procedures in connection with the size standards program. Processes inquiries received from various companies, Members of Congress, and other outside sources requesting interpretations or other information on the Small Business Administration size standards or regulations in concert with the General Counsel's office. Conducts industrial hearings on size matters, which are attended by representatives of the program areas concerned and a representative from the General Counsel's office. Processes all inquiries received from the field offices on size matters.

(c) Office of Procurement Assistance. Formulates and recommends Agency policy governing the procurement assistance programs of the Small Business Administration. Plans, directs, coordinates, and evaluates the SBA programs governing contract services, industrial support services, and subcontracting assistance. Represents SBA at the Secretary or Administrator's staff level of the Department of Defense and civilian agencies within the Executive Branch regarding matters involving procurement and management assistance activities. Recommends and participates in the development and preparation of interagency agreements and related policies and regulations. Participates with these agencies in the development, modification, or changes in policies, procedures, and directives to assure overall consistency with SBA policies and procedures. Directs the development of short- and long-range objectives and program goals. Evaluates the performance of the divisions for which responsible and assures that the goals and objectives established are met. Develops and coordinates, in conjunction with the Assistant Administrator for Planning, Research and Analysis, procedures for

making economic studies to be utilized in strengthening the SBA procurement assistance programs. Provides liaison staff services for SBA to Department of Defense and civilian agencies. Maintains liaison with other Government agencies whose activities relate to the procurement assistance programs of SBA. Provides advice and guidance to the area offices with respect to the procurement assistance programs of SBA.

(d) Office of Management Assistance. Formulates and recommends Agency policy governing the management assistance programs of the Small Business Administration. Plans, directs, coordinates, and executes the SBA programs governing business management development and business services. Administers overall responsibility for development and implementation of management training programs under title IV of the Economic Opportunity Act and directs the management assistance program in connection with the War on Poverty. Maintains liaison with other Government agencies whose activities relate to the management assistance programs of SBA. Directs the development of short- and long-range objectives and program goals. Evaluates the performance of the divisions for which responsible and assures that the goals and objectives established are met. Provides advice and guidance to the area offices with respect to the management assistance programs to SBA.

[Amdt. 7, 32 F.R. 7811 May 30, 1967]

§ 101.2-5 Assistant Administrator for Administration.

Plans, directs, coordinates, and implements all budget and finance, data services, organization and management, personnel, administrative services management programs, and reports system of the Small Business Administration. Plans, directs, and coordinates the Agency program planning system, integration of planning, programing, and budgeting activities and the evaluation of program plans and activities. Provides for analytical services to permit objective evaluation of Agency goals in meeting the needs of the small business sector of the Nation. Establishes formal liaison with other agencies such as Economic Development Administration, Office of Economic Opportunity, and Department of Housing and Urban Development, for coordinating the compilation of data essential to joint studies of mutual benefit.