federal_register: 2019-26042

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2019-26042 Streamlining and Modernizing Certified Development Company Program (504 Loan Program) Corporate Governance Requirements Rule This final rule streamlines and updates the operational and organizational requirements for Certified Development Companies (CDCs) in order to improve efficiencies and reduce costs without unduly increasing risk in the 504 Loan Program. The changes include streamlining the requirements that apply to the corporate governance of CDCs, and updating the requirements that apply to professional services contracts entered into by CDCs, the requirements related to the audit and review of a CDC's financial statements, and the requirements related to the balance that a Premier Certified Lender Program (PCLP) CDC must maintain in its Loan Loss Reserve Fund. 2019-12-04 2019 12 https://www.federalregister.gov/documents/2019/12/04/2019-26042/streamlining-and-modernizing-certified-development-company-program-504-loan-program-corporate https://www.govinfo.gov/content/pkg/FR-2019-12-04/pdf/2019-26042.pdf Small Business Administration 468 This final rule streamlines and updates the operational and organizational requirements for Certified Development Companies (CDCs) in order to improve efficiencies and reduce costs without unduly increasing risk in the 504 Loan Program. The changes...  

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