* WASHINGTON (1/14/09)--A new Federal Emergency Management Agency (FEMA) flood hazard form has a June 16 compliance date. FEMA has replaced Form 81-93, the Standard Flood Hazard Determination Form (SFHDF), which expired Oct. 3, with a new Form 81-93 that expires Dec. 31, 2011. SFHDFs completed June 16 or later must use the new form for compliance purposes.
Credit unions must perform a flood hazard determination when they make, increase, extend, or renew a loan secured by a “building”--a home on a permanent foundation or a mobile home--located in a special flood hazard area. The credit union or its service provider must document the flood determination on the SFHDF. The form must be retained, in hard copy or electronically, while the credit union owns the loan ... * WASHINGTON (1/14/09)--President-elect Barack Obama is pushing for the second half of the $700 billion bailout fund to be released (The Associated Press
Jan. 13). On Monday, the Bush administration requested the second half of the bailout fund at Obama’s request. At a luncheon Tuesday, Obama asked senators not to stand in the way of the bailout, and said that Troubled Asset Relief Program (TARP) funds are necessary to stimulate the economy. House Financial Services Committee Chairman Barney Frank (D-Mass.) agreed and said the second $350 billion is needed for foreclosure relief. However, some lawmakers are resisting the release of TARP funds. Rep. Spencer Bachus (R-Ala.) questioned if the funds are needed or would be used as a “grab bag” of taxpayer money. Frank is working on legislation to set conditions on the way the second half of the funds will be spent. His bill is slated for release Wednesday ... * WASHINGTON (1/14/09)--The Small Business Administration was ranked No.1 in the highest overall improvement in Talent Management,
and Leadership and Knowledge Management,
according to the 2008 Federal Human Capital Survey. The agency also had the second largest gain in Job Satisfaction, and the sixth largest gain for establishing a Results-Oriented Performance Culture. The survey measures employees’ perceptions of whether, and to what extent, conditions characterizing successful organizations are present in their agencies ...