7 CFR Part 1942-A Community Facility Loans– Re-lending Provision

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
221447	7 CFR Part 1942, Subpart A - Business	New

ICR Details

OMB Control No: 0575-0199	ICR Reference No: 201605-0575-003
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: USDA/RHS	Agency Tracking No:
Title: 7 CFR Part 1942-A Community Facility Loans– Re-lending Provision
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 06/27/2016
OIRA Conclusion Action: Preapproved	Conclusion Date: 06/28/2016
	Date Received in OIRA: 06/27/2016
Terms of Clearance: In accordance with 5 CFR 1320.13, this information collection is pre-approved for 6 months as an emergency clearance to meet new requirements from Community Facility Loan regulation. If the Agency decides to continue use of this collection past the approved emergency clearance time period, it must resubmit an ICR to OMB under the normal PRA clearance process and include responses to any public comments it has received.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2016	6 Months From Approved
Responses	790	0	0
Time Burden (Hours)	1,462	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Rural Development is amending its Community Facility Loan regulation to enable the Agency to make loans to qualified lenders (hereinafter referred to as “re-lenders”) who will then in turn re-loan those funds to eligible applicants/borrowers for eligible projects under the Community Facility Loan program. This effort provides a new way to build financing capacity and achieve Administrative and Congressional goals of providing economic benefit in areas of greatest need in rural America. The projects re-lenders finance will improve access to health care, education and other critical services, which will help ensure that rural communities are strong, viable and economically well off.

Emergency Justfication: Without emergency approval to swiftly implement and accept applications for relending, RD will not be able to implement this high priority initiative in Fiscal Year (FY) 2016. Due to the timing of the development of this interim rule and the associated notice of solicitation of application, RD has been unable to implement the relending provision until late in the fiscal year.

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Authorizing Statute(s): US Code: 7 USC 1926 Name of Law: Consilidate 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:
0575-AD05	Final or interim final rulemaking

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Federal Register Notices & Comments

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 Part 1942, Subpart A - Business	RD 1942-55, RD 1942-56, RD 440-24, RD 442-7, RD 400-1, AD 1047, 1942-57, RD 1942-46, RD 440-11, RD 400-4

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ICR Summary of Burden

	Total Request	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	790	0	0	790	0	0
Annual Time Burden (Hours)	1,462	0	0	1,462	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This is a new information collection resulting in a program change of 1,462 burden hours..

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Annual Cost to Federal Government: $213,360

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: 06/27/2016

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