[Federal Register Volume 81, Number 13 (Thursday, January 21, 2016)]
[Notices]
[Page 3377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01074]
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DEPARTMENT OF AGRICULTURE
Rural Housing Service
Notice of Request for Extension of a Currently Approved
Information Collection
AGENCY: Rural Housing Service, USDA.
ACTION: Proposed collection; comments requested.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this
notice announces the Rural Housing Agency's (RHS) intention to request
an extension of a currently approved information collection in support
of the program for 7 CFR part 1951, subpart F, ``Analyzing Credit Needs
and Graduation of Borrowers.''
DATES: Comments on this notice must be received by March 21, 2016, to
be assured of consideration.
FOR FURTHER INFORMATION CONTACT: Anita Outen, Community Programs, Rural
Housing Service, U.S. Department of Agriculture, Stop 0787, 1400
Independence Ave. SW., Washington, DC 20250-0787, Telephone (202) 720-
1507, Email: Anita. [email protected].
SUPPLEMENTARY INFORMATION:
Title: 7 CFR part 1951, subpart F, ``Analyzing Credit Needs and
Graduation of Borrowers''.
OMB Number: 0575-0093.
Expiration Date of Approval: June 30, 2016.
Type of Request: Extension of currently approved information
collection.
Abstract: Section 333 of the Consolidated Farm and Rural
Development Act (CONACT) (7 U. S.C. 1983) requires the Agencies to
``graduate'' their direct loan borrowers to other credit when they are
able to do so. Graduation is required because the Government loans are
not to be extended beyond a borrower's need for subsidized rates or
Government credit. Borrowers must refinance their direct Government
loan when other credit becomes available at reasonable rates and terms.
If other credit is not available, the Agencies will continue to review
the account for possible graduation at periodic intervals. The
information collected to carry out these statutory mandates is
financial data such as amount of income, operating expenses, asset
values and liabilities. This information collection is then submitted
by the Agencies to private creditors.
Estimate of Burden: Public reporting burden for this collection of
information is estimated to average 2 hours per response.
Respondents: Public bodies, Not for Profits, or Indian Tribes.
Estimated Number of Respondents: 256.
Estimated Number of Responses per Respondent: 1.
Estimated Number of Responses: 266.
Estimated Total Annual Burden on Respondents: 522.
Copies of this information collection can be obtained from Jeanne
Jacobs, Regulations and Paperwork Management Branch, at (202) 692-0040.
Comments: Comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Agencies, including whether the information will
have practical utility; (b) the accuracy of the Agencies' 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 Jeanne Jacobs, 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: January 13, 2016.
Tony Hernandez,
Administrator, Rural Housing Service.
[FR Doc. 2016-01074 Filed 1-20-16; 8:45 am]
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