the original disaster declaration, or extension thereof, has expired: d. Area Director (Disaster) e. District Director.... 500,000 f. Deputy District Director. 500,000 500,000 a. Regional Administrator. b. Deputy Regional Administrator. c. Area Director (Disaster). d. District Director. e. Deputy District Director. f. Disaster Branch Manager. g. Assistant Disaster Branch Manager. 9. Disaster Loan Authorizations: a. To execute written authorizations: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) Area Director (Disaster). (5) District Director. (6) Deputy District Director. (7) Assistant District Director for F&I. (8) Chief, Financing, D/O. (9) Financial/Management Assistance Officer-Minneapolis, MN D/O. (10) Branch Manager. (11) Assistant Branch Manager for F&I, Biloxi, Corpus Christi, El Paso, Milwaukee and Springfield B/O's only. (12) Disaster Branch Manager. (13) Assistant Disaster Branch Manager. b. To cancel, reinstate, modify, and amend authorizations: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ (4) Area Director (Disaster). a. Regional Administrator. F&I. (5) District Director. (6) Deputy District Director. (7) Assistant District Director/F&I. 500,000 500,000 n. Branch Manager, Except Fairbanks, Corpus Christi, and El Paso, B/O's. 500,000 o. Assistant Branch Manager for F&I, Corpus Christi and El Paso, B/O's only. 500,000 p. Assistant Branch Manager for F&I, Biloxi, Milwaukee and Springfield B/O's only. 500,000 7. Processing Representative: To appoint as a processing representative any bank in the disaster area: a. Regional Administrator. b. Deputy Regional Administrator. c. Assistant Regional Administrator/F&I. d. Area Director (Disaster). e. District Director. f. Deputy District Director. g. Disaster Branch Manager. h. Assistant Disaster Branch Manager. i. Branch Manager. j. Assistant Branch Manager for F&I, Biloxi, Corpus Christi, El Paso, Milwaukee, and Springfield B/O's only. 8. Late Filing: To approve or reject the request of an applicant to file for a disaster loan after the period for acceptance under (8) Chief, Financing, D/O (on fully undisbursed loans). (9) Financial/Management Assistance Officer-Minneapolis, MN D/O (on fully undisbursed loans). (10) Supervisory Loan Specialist Financing, D/O (on fully undisbursed loans). Biloxi, Corpus Christi, El Paso, Milwaukee and Springfield B/O's only. (13) Disaster Branch Manager. (14) Assistant Disaster Branch Manager. (15) Supervisory Loan Spec., Disaster Off. 10. Disbursement Period Extension on Disaster Loans: To extend disbursement periods: a. Without limitations: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) Area Director (Disaster). (5) District Director. (6) Deputy District Director. (7) Assistant District Director for F&I. (8) Chief, Financing D/O (on fully undisbursed loans). (9) Financial/Management Assistance Officer-Minneapolis, MN D/O (on fully undisbursed loans). (10) Disaster Branch Manager. (11) Assistant Disaster Branch Manager. (12) Assistant Branch Manager for F&I, Biloxi, Corpus Christi, El Paso, Milwaukee and Springfield B/O's only. b. For a cumulative total not to exceed six (6) months: (1) Supervisory Loan Specialist, Financing, D/O (on fully undisbursed loans). Section B-Administrative Authority 1. Establishment of Disaster Field Offices. a. To establish field offices upon receipt of advice of the designation of a disaster area and to close disaster field offices when justified: and b. To obligate the Small Business Administration to reimburse the General Services Administration for the rental of temporary office space: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) Assistant Regional Administrator/Administration. (5) Area Director (Disaster). (6) Office Services Manager, Regions V, VIII, IX and X only. (7) Office Services Supervisor, Region IV only. (8) Chief, Administration, Region II only. (9) Administrative Officer, Region VI and VII only. (10) District Director. (11) Deputy District Director. (12) Assistant District Director for F&I. (13) Disaster Branch Manager. (14) Assistant Disaster Branch Manager. (15) Branch Manager, Corpus Christi, and El Paso B/O's only. (16) Assistant Branch Manager for F&I, Corpus Christi, and El Paso B/O's only. 2. Purchase and Contract Authority: a. Rental of Motor Vehicles and Garage Space. To rent motor vehicles necessary for the use of disaster branch office personnel and garage space for the storage of such vehicles when not furnished by this Administration: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) Assistant Regional Administrator/Administration. (5) Area Director (Disaster). (6) Office Services Manager, Region V, VIII, IX and X only. (7) Office Services Supervisor, Region IV only. (8) Chief, Administration, Region II only. (9) Administrative Officer, Region VI and VII only. (10) District Director. (11) Deputy District Director. (12) Assistant District Director for F&I. (13) Disaster Branch Manager. (14) Assistant Disaster Branch Manager. (15) Branch Manager, Corpus Christi, and El Paso B/O's only. (16) Assistant Branch Manager for F&I, Corpus Christi, and El Paso B/O's only. b. Office Supplies and Equipment. To purchase office supplies and equipment, including office machines, and rent regular office equipment and furnishings; contract for repair and maintenance of equipment and furnishings; contract for printing (Government sources only); contract for services required in setting up and dismantling and moving SBA exhibits; and issue Government bills of lading pursuant to Chapter 4 of Title 41. United States Code as amended, subject to the limitations contained in sections 257 (a) and (b) of that chapter: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) Assistant Regional Administrator/Administration. (5) Area Director (Disaster). (6) Office Services Manager, Region V, VIII, IX, and X only. (7) Office Services Supervisor, Region IV only. (8) Chief, Administration, Region II only. (9) Administrative Officer, Region VI and VII only. (10) District Director. (11) Deputy District Director. (12) Assistant District Director/F&I. (13) Disaster Branch Manager. (14) Assistant Disaster Branch Manager. (15) Branch Manager, Corpus Christi, and El Paso B/O's only. (16) Assistant Branch Manager for F&I, Corpus Christi and El Paso B/O's only. c. Credit Bureau Services. To contract for local credit bureau services pursuant to Chapter 4 of Title 41, United States Code, as amended, subject to the limitations contained in section 257 (a) and (b) of that chapter: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) Assistant Regional Administrator/Administration. (5) Area Director (Disaster). (6) District Director. (7) Deputy District Director. (8) Assistant District Director/F&I. (9) Disaster Branch Manager. (10) Assistant Disaster Branch Manager. (11) Branch Manager, Corpus Christi, and El Paso B/O's only. (12) Assistant Branch Manager for F&I, Corpus Christi, and El Paso B/O's only. PART III-OTHER FINANCIAL AND GUARANTEE PROGRAMS Section A-Section 503 Debenture Guaranty Approval Authority (Small Business Investment Act) 1. Section 503 Certified Development Company Debenture Guaranty Approval Authority (SBI Act). To approve or decline section 503 guarantees of debentures issued by certified development companies not exceeding the following amount (SBA share) for each small business being assisted, within the project cost limitations shown below: NOTE:-Project cost as used in this part, means the sum of all financial assistance to the small business concern and its affiliates construction project under consideration, not just that portion on which the 503 debenture guarantee action is being taken. (4) District Director. (5) Deputy District Director. (6) Assistant District Director for F&I. (7) Chief, Financing, D/O. (8) Financial/Management Assistance Officer-Minneapolis, MN D/O. (9) Branch Manager, Corpus Christi, and El Paso B/O's only. (10) Assistant Branch Manager for F&I, Corpus Christi and El Paso B/O's only. b. To cancel, reinstate, modify, and amend authorizations: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) District Director. (5) Deputy District Director. (6) Assistant District Director/F&I. (7) Chief, Financing, D/O (before initial disbursement). (8) Financial/Management Assistance Officer-Minneapolis, MN D/O (before initial disbursement). (9) Branch Manager, Corpus Christi and El Paso B/O's only. (10) Assistant Branch Manager for F&I, Corpus Christi and El Paso B/O's only. 3. Disbursement Period Extension. To extend disbursement periods: a. Regional Administrator. b. Deputy Regional Administrator. c. Assistant Regional Administrator/F&I. d. District Director. e. Deputy District Director. f. Assistant District Director/F&I. g. Chief, CED, D/O (on wholly undisbursed loans). h. Chief, Financing, D/O (on wholly undisbursed loans). i. Financial/Management Assistance Officer-Minneapolis, MN D/O (on wholly undisbursed loans). j. Branch Manager, Corpus Christi and El Paso B/O's only. k. Assistant Branch Manager for F&I, Corpus Christi and El Paso B/O's only. Section C-Surety Guarantee 1. To guarantee sureties against portion of losses resulting from the breach of bid payment, or performance bonds on contracts, not to exceed the following amount. Section A-Portfolio Management, Servicing, Collection, and Liquidation Authority 1. To take all necessary actions in connection with the administration, servicing, collection, and liquidation of all SBA loans and guarantees, EDA loans in liquidation when and as authorized by EDA, lease guarantees, 8(a) matters accepted for liquidation, exclusive of matters in litigation, to approve loan increases during a period of one year after final disbursement, not to exceed the lesser of $20,000 or 20% of the original loan amount, and to do and perform, and to assent to the doing and performance of, all and every act and thing requisite and proper to effectuate these granted powers. EXCEPT: a. To compromise or sell any primary obligation or other evidence of indebtedness owed to the Agency for a sum less than the total amount due thereof; b. To deny liability of the Small Business Administration under the terms of a participation or guaranty agreement or a lease guarantee; c. To authorize suit for recovery from a participating institution under any alleged violation of a participation or guaranty agreement; or d. To accept a lump sum settlement or to purchase property under the lease guarantee: (1) Regional Administrator. (2) Deputy Regional Administrator. (3) Assistant Regional Administrator/ F&I. (4) District Director. (5) Deputy District Director. (6) Assistant District Director/F&I. (7) Branch Manager (full services branches only). (8) Chief or Supervisory Loan Specialist, Portfolio Management, D/O. (9) Chief or Supervisory Loan Specialist, Liquidation Section, D/O. (10) Financial/Management Assistance Officer-Minneapolis, MN, D/O. (11) Assistant Branch Manager/F&I, Biloxi, Corpus Christi, El Paso, Milwaukee and Springfield, B/O's only. (12) Chief, PM, Biloxi B/O. 2. To take all necessary actions in connection with the administration, servicing, collection, and liquidation of all SBA loans and guarantees, EDA loans in liquidation when and as authorized by EDA, lease guarantees, 8(a) matters acepted for liquidation, exclusive of matters in litigation, to approve loan increases during a period of one year after final disbursement, not to exceed the lesser of $20,000 or 20% of the original loan amount, and to do and perform, and to assent to the doing and performance of, all and every act and thing requisite and proper to effectuate these granted powers. EXCEPT: a. To compromise or sell any primary obligation or other evidence of indebtedness owed to the Agency for a sum less than the total amount due thereon; b. To deny liability of the Small Business Administration under the terms of a participation or guaranty agreement or a lease guarantee; c. To initiate suit for recovery from a participating institution under any alleged violation of a participation or guaranty; d. To authorize the liquidation of a loan (except Disaster Home Loans) or to cancel authority to liquidate; or e. To accept a lump sum settlement or to purchase property under the lease guaranty: (1) Branch Manager (limited servicing branches). (2) Chief, Portfolio Management B/O (full servicing branches). (3) Supervisory Loan Specialist, Portfolio Management, B/O, (full servicing branches). 3. Other Portfolio Management Authority a. To take only the following actions on loans in a current status: (1) Approve editorial modifications in loan authorizations; (2) Extend disbursement periods on partially disbursed loans; (3) Release of cash surrender value or dividends to pay premiums due on assigned policy; (4) Extend initial principal payment dates or adjust interest payment dates; (5) Release of equipment (or hazard insurance checks) where the total value being released does not exceed $500. a. Loan Specialist, Portfolio Management, D/O, or B/O. b. Loan Specialist, Liquidation Section, D/ O or B/O. PART V-CLAIMS REVIEW COMMITTEE Section A-Authority to Compromise Claims 1. District Claims Review Committee. This committee shall consist of three incumbents (or those officially acting in their behalf) in the following order of position classification. The first member available in this order shall serve as chairperson. Liquidation Chief (or liquidation supervi sor). PM Chief (or PM supervisor). FD Chief (or FD supervisor). Financial/Management Asst. Officer, Minneapolis, MN, D/O. However, the District Director may, at this option, establish an alternative committee membership consisting of the Assistant District Director for Finance and Investment, acting as chairperson, District Counsel and the Assistant District Director for Management Assistance or those officially acting in their behalf. Authority is delegated to take final action on: a. Claims not in excess of $50,000 (excluding interest) upon majority vote of the Committee. b. Claims not in excess of $100,000 (excluding interest) upon unanimous vote of the Committee. c. Claims in excess of $100,000 (excluding interest) when the amount offered represents the full principal balance due thereby forgiving only the interest upon unanimous vote of the Committee. d. Settlement offers on claims of any size may be declined upon majority vote of the Committee. 2. Regional Claims Review Committee. This committee shall consist of the Assistant Regional Administrator for F&I, serving as chairperson, the Assistant Regional Administrator for Management Assistance, and the Regional Counsel or those officially acting in their behalf. Authority is delegated to take final action on: a. Claims not in excess of $100,000 (excluding interest) upon majority vote of the Committee. b. Claims in excess of $100,000 but not exceeding $150,000 (excluding interest) upon unanimous vote of the Committee. c. Settlement offers on claims of any size may be declined upon majority vote of the Committee. Section A-Call Contracts Authority 1. Administration and Management of Call Contracts. To take all necessary actions in connection with the administration and management of contracts awarded under the authority granted in Section 7(j) of the Small Business Act, as amended, (formerly under Section 406 of the Economic Opportunity Act of 1964) except changes, amendments, or termination of the contracts. a. Regional Administrator. b. Deputy Regional Administrator. c. Assistant Regional Administrator for Minority Small Business and Capital Ownership Development (MSB/COD). d. Chief, Business Development, Regional Office, Reg. VII. |