GOVERNMENT CONTRACTS

Debt Refinancing in 504 Loan Program
The Small Business Administration has issued an interim final rule that implements Section 521 of Division E, the Consolidated Appropriations Act, 2016, which authorizes projects approved for financing under Title V of the Small Business Investment Act to include the refinancing of qualified debt, 81 Fed. Reg. 33123.  Comments are due by July 25, 2016 and the rule is effective June 24, 2016. 

Small Business Size Standards
The Small Business Administration (SBA) hereby gives notice of its intended application, and interpretation, of the interaffiliate transactions exclusion from annual receipts set forth in its Small Business Size Regulations.  SBA will apply the exclusion to properly documented transactions between a concern and its domestic or foreign affiliates, regardless of the type of relationship that resulted in the finding of affiliation, 81 Fed. Reg. 32635.  This policy statement is effective May 24, 2016 and comments are due by July 25, 2016.