Federal Register: October 30, 2009 (Volume 74, Number 209)
DOCID: fr30oc09-28 FR Doc E9-26153
DEPARTMENT OF AGRICULTURE
Rural Housing Service
NOTICE: NOTICES
DOCID: fr30oc09-28
DOCUMENT ACTION: Proposed collection; comments requested.
SUBJECT CATEGORY:
Rural Business-Cooperative Service
DATES: Comments on this notice must be received by December 29, 2009 to be assured of consideration.
DOCUMENT SUMMARY:
In accordance with the Paperwork Reduction Act of 1995, this notice announces the intention of the abovenamed Agencies to request an extension for a currently approved information collection in support of debt settlement of Community Facilities and Direct Business Program Loans and Grants.
SUMMARY:
Agency Information Collection Activities; Proposals, Submissions, and Approvals
DOCUMENT BODY 2:
Notice of Request for Extension of a Currently Approved
Information Collection
SUPPLEMENTAL INFORMATION
Title: 7 CFR part 1956, subpart C``Debt SettlementCommunity and Business Programs.''
OMB Number: 05750124.
Expiration Date of Approval: May 31, 2010
Type of Request: Extension of a currently approved information collection.
Abstract: The following Community and Direct Business Programs loans and grants are debt settled by this currently approved docket (05750124). The Community Facilities loan and grant program is authorized by Section 306 of the Consolidated Farm and Rural Development Act (7 U.S.C. 1926) to make loans to public entities, nonprofit corporations, and Indian tribes through the Community Facilities program for the development of essential community facilities primarily serving rural residents.
The Economic Opportunity Act of 1964, Title 3 (Pub. L. 88452), authorizes Economic Opportunity Cooperative loans to assist incorporated and unincorporated associations to provide lowincome rural families essential processing, purchasing, or marketing services, supplies, or facilities.
The Food Security Act of 1985, Section 1323 (Pub. L. 99198), authorizes loan guarantees and grants to Nonprofit National Corporations to provide technical and financial assistance to for profit or nonprofit local businesses in rural areas.
The Business and Industry program is authorized by Section 310 B (7 U.S.C. 1932) (Pub. L. 92.419, August 30, 1972) of the Consolidated Farm and Rural Development Act to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities, including pollution abatement control.
The Consolidated Farm and Rural Development Act, Section 310 B(c) (7 U.S.C. 1932(c)), authorizes Rural Business Enterprise Grants to public bodies and nonprofit corporations to facilitate the development of private businesses in rural areas.
The Consolidated Farm and Rural Development Act, Section 310 B(f)(i) (7 U.S.C. 1932(c)), authorized Rural Cooperative Development Grants to nonprofit institutions for the purpose of enabling such institutions to establish and operate centers for rural cooperative development.
The purpose of the debt settlement function for the above programs is to provide the delinquent client with an equitable tool for the compromise, adjustment, cancellation, or chargeoff of a debt owned to the Agency.
The information collected is similar to that required by a commercial lender in similar circumstances.
Information will be collected by the field offices from applicants, borrowers, consultants, lenders, and attorneys.
Failure to collect information could result in improper servicing of these loans.
Estimate of Burden: Public reporting burden for this collection of information is estimated to average 5 hours per response.
Respondents: Public bodies and nonprofit organizations.
Estimated Number of Respondents: 15.
Estimated Number of Responses per Respondent: 1.
Estimated Number of Responses: 82.
Estimated Total Annual Burden on Respondents: 372 hours.
Copies of this information collection can be obtained from Linda Watts Thomas, Regulations and Paperwork Management Branch, (202) 692 0226.
Comments:
Comments are invited on: (a) Whether the proposed collection of
information is necessary for the proper performance of the functions of
the Agency, including whether the information will have practical
utility; (b) the accuracy of the Agency's estimate of the burden of the
proposed collection of information, including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility, and clarity of the information to be collected; and (d) ways
to minimize the burden of the collection of information on those who
are to respond, including through the use of appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology. Comments may be sent to Linda
Watts Thomas, Regulations and Paperwork Management Branch, U.S.
Department of Agriculture, Rural Development, STOP 0742, 1400
Independence Ave., SW., Washington, DC 20250. All responses to this
notice will be summarized and included in the request for OMB approval. All comments will also become a matter of public record.
Dated: October 23, 2009.
Tammye Trevi[ntilde]o,
Administrator, Rural Housing Service.
Dated: October 23, 2009.
Judith A. Canales,
Administrator, Rural BusinessCooperative Service.
[FR Doc. E926153 Filed 102909; 8:45 am]
BILLING CODE 3410XVP
FOR FURTHER INFORMATION CONTACT
For inquiries on the Information Collection Package, contact Beth Jones, Senior Loan Specialist, Community Programs, RHS, USDA, 1400 Independence Ave., SW., Mail Stop 0787, Washington, DC 202500787, Telephone (202) 7201498, Email beth.jones@wdc.usda.gov.