7 CFR 1980-E, Business and Industrial Loan Program

Forms and Documents

Document Name	Status
Form RD 449-1 7 CFR 1980-E, Business and Industrial Loan Program Form	Modified
RD1940-0020_060400V01.pdf Supplementary Document	2012-04-20
burdenSS1980efinal revised July 31 2012 additional edits.doc Supporting Statement A	2012-08-01
Copy of burden_1980e revised July 31 2012 additional edits.xlsx Supplementary Document	2012-08-01

IC Document Collections

IC ID	Document Title	Status
1662	7 CFR 1980-E, Business and Industrial Loan Program Form	Modified

ICR Details

OMB Control No: 0570-0014	ICR Reference No: 201112-0570-004
Status: Historical Active	Previous ICR Reference No: 200902-0570-010
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: 7 CFR 1980-E, Business and Industrial Loan Program
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/01/2012
	Date Received in OIRA: 06/11/2012
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2015	36 Months From Approved	07/31/2012
Responses	268	0	325
Time Burden (Hours)	871	0	835
Cost Burden (Dollars)	0	0	0

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Abstract: The collection of information is submitted to the Agency for use in making program eligibility, financial feasability, and loan security determinations.

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Authorizing Statute(s): US Code: 7 USC 1932 Name of Law: Consolidated Farm and Rural Development Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 81909	12/29/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 34003	06/08/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
7 CFR 1980-E, Business and Industrial Loan Program	RD 449-1, RD 449-2	Application for Loan and Guarantee ,   Statement of Collateral

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	268	325	0	0	-57	0
Annual Time Burden (Hours)	871	835	0	0	36	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The numbers of burden hours and associated costs have changed principally as a result of a revised estimate of 59 direct loans in the program portfolio, an increase from the previous estimate of 50 direct loans. Also, as a result of the current rate of information collection, the estimated number of borrower visits has decreased from 100 to 57, and the estimated number of financial statements has increased from 40 to 57.

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Annual Cost to Federal Government: $20,237

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 06/11/2012

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