Cost to the Federal Government

0570-0017FederalGovtCost.doc

7 CFR 4279-B, Guaranteed Loanmaking - Business and Industry Loans

Cost to the Federal Government

OMB: 0570-0017

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7 CFR 4279-B, “Guaranteed Loanmaking – Business and Industry Loans”

OMB No. 0570-0017


Cost to the Federal Government

Activity

Number

# of Hours

Rate

TOTAL

Review preapplication material, DOL

850

6

$ 35

$ 178,500

Review application and lender analysis; site visit, negotiations, and env. assessment

775

20

$ 35

$ 542,500

Approve loan and obligate funds

750

8

$ 35

$ 210,000

Review documents and issue guarantee

750

6

$ 35

$ 157,500

ANNUALIZED TOTAL

$ 1,088,500


The reviews are typically completed by GS-11 and 12 State Loan Specialist and GS-13

State Program Directors. The loans are typically approved by the State Director.

The GS-8 or 9 State Loan Technician typically does the data entry in the computer system.

File Typeapplication/msword
File Title7 CFR 1944-N “Housing Preservation Grant”
AuthorLinda
Last Modified Bylinda.watts-thomas
File Modified2010-02-17
File Created2010-02-17

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