[Federal Register Volume 81, Number 106 (Thursday, June 2, 2016)]
[Notices]
[Pages 35296-35297]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12988]
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DEPARTMENT OF AGRICULTURE
Rural Business Cooperative Service
Submission for OMB Review; Comment Request
May 26, 2016.
The Department of Agriculture has submitted the following
information collection requirement(s) to OMB for review and clearance
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments
are requested regarding (1) whether the collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility; (2) the
accuracy of the agency's estimate of burden including the validity of
the methodology and assumptions used; (3) ways to enhance the quality,
utility and clarity of the information to be collected; and (4) 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 regarding this information collection received by July 5,
2016 will be considered. Written comments should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), New Executive Office Building,
725 17th Street, NW., Washington, DC 20502. Commenters are encouraged
to submit their comments to OMB via email to:
[email protected] or fax (202) 395-5806 and to Departmental
Clearance Office, USDA, OCIO, Mail
[[Page 35297]]
Stop 7602, Washington, DC 20250-7602. Copies of the submission(s) may
be obtained by calling (202) 720-8958.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Rural Business Service
Title: 7 CFR 4287-B, Servicing Business and Industry Guaranteed
Loans.
OMB Control Number: 0570-0016.
Summary of Collection: The Business and Industry (B&I) program was
legislated in 1972 under Section 310B of the Consolidated Farm and
Rural Development Act, as amended (the Act). The purpose of the B&I
program, as authorized by the Act, is to improve economic and
environmental climate in rural communities, including pollution
abatement and control. This purpose is achieved through bolstering the
existing private credit structure through the guaranteeing of quality
loans, which will provide lasting community benefits. The B&I program
is administered by the Rural Business Service (RBS) through Rural
Development State and sub-State offices serving each State. RBS will
collect information using various forms from the lender and the
borrower. This information is vital for making prudent financial
decisions.
Need and Use of the Information: RBS will collect information to
monitor the guaranteed loan portfolio to ensure that the lenders are
adequately servicing the loans. RBS through its respective Business
Programs Divisions in Washington, DC and its 47 State Offices
throughout the United States will be the primary users of the
information collected. If the information is not collected, RBS would
not be able to make prudent credit decisions nor would the Agency be
able to effectively monitor the lender's servicing activities and thus
minimize losses under the program.
Description of Respondents: Business or other for-profit; State,
Local or Tribal Government.
Number of Respondents: 4,126.
Frequency of Responses: Reporting: On occasion; Quarterly;
Annually.
Total Burden Hours: 25,997.
Rural Business Service
Title: 7 CFR 4279-B, Guaranteed Loan Making--Business and Industry
Loans.
OMB Control Number: 0570-0017.
Summary of Collection: The Business and Industry (B&I) program was
legislated in 1972 under Section 310B of the Consolidated Farm and
Rural Development Act, as amended. The purpose of the program is to
improve, develop, or finance businesses, industries, and employment and
improve the economic and environmental climate in rural communities.
This purpose is achieved through bolstering the existing private credit
structure through the guaranteeing of quality loans made by lending
institutions, thereby providing lasting community benefits. The B&I
program is administered by the Rural Business Service (RBS) through
Rural Development State and sub-State offices serving each State.
Need and Use of the Information: RBS will collect information
needed by the Agency including completed forms, financial statements
and various other documents used by the lender, borrower and Agency to
determine program eligibility and creditworthiness of the loan
proposal. The information is used by RBS loan officers and approved
officials to determine program eligibility and for program monitoring.
Description of Respondents: Business or other for-profit; State,
Local or Tribal Government.
Number of Respondents: 450.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 14,730.
Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. 2016-12988 Filed 6-1-16; 8:45 am]
BILLING CODE 3410-XY-P