[Federal Register: June 17, 2008 (Volume 73, Number 117)]
[Notices]
[Page 34246-34247]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17jn08-25]
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DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
June 11, 2008.
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
regarding: (a) 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; (b) the accuracy
of the agency's estimate of burden including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility and clarity of the information to be collected; (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 should be addressed to: Desk
Officer for Agriculture, Office of Information and Regulatory Affairs,
Office of Management and Budget (OMB), OIRA_Submission@OMB.EOP.GOV or
fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO,
Mail Stop 7602, Washington, DC 20250-7602. Comments regarding these
information collections are best assured of having their full effect if
received within 30 days of this notification. Copies of the
submission(s) may be obtained by calling (202) 720-8681.
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
[[Page 34247]]
the collection of information unless it displays a currently valid OMB
control number.
Rural Business-Cooperative Service
Title: 7 CFR Part 1980-E, Business and Industry Loan Program.
OMB Control Number: 0570-0014.
Summary of Collection: Section 310B of the Consolidated Farm and
Rural Development Act (Con Act), legislated in 1972 the Business and
Industry (B&I) program. 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, including
pollution abatement and control. This purpose is achieved through
bolstering the existing private credit structure by making direct
loans, thereby providing lasting community benefits. The B&I program is
administered by the Agency through Rural Development State and sub-
State Offices serving the State.
7 CFR part 1980-E, in conjunction with 7 CFR part 1942-A, and other
regulations, is currently used only for making B&I Direct Loans. 7 CFR
part 1951-E is used for servicing B&I Direct and Community Facility
loans. All reporting and recordkeeping burden estimates for making and
servicing B&I Guaranteed Loans have been moved to the B&I Guaranteed
Loan Program regulations, 7 CFR parts 4279-A and B and 4287-B.
Consequently, only a fraction of the total reporting and recordkeeping
burden for making and servicing B&I Direct Loans is reflected in this
document.
Need and Use of the Information: RD will collect the minimum
information needed from loan applicants and commercial lenders to make
determinations regarding program eligibility, the current financial
condition of a business and loan security as required by the Con Act.
The majority of the information is collected only once and the agency
monitors the progress of the business through the analysis of annual
borrower financial statements and visits to the borrower.
Description of Respondents: Individuals or households; State, Local
or Tribal Government.
Number of Respondents: 152.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 835.
Rural Business Service
Title: 7 CFR 1951-R, Rural Development Loan Servicing.
OMB Control Number: 0570-0015.
Summary of Collection: The Rural Development (RD) Loan Servicing
was legislated in 1985 under Section 1323 of the Food and Security Act
of 1985. This action is needed to implement the provision of Section
407 of the Health and Human Services Act of 1986, which amended Section
1323 of the Food and Security Act of 1985. 7 CFR part 1951, Subpart R
contains regulations for servicing and liquidating existing loans
previously approved and administered by the U.S. Department of Health
and Human Services (HHS) under 45 CFR part 1076 and transferred from
HHS to the Department of Agriculture. This subpart contains regulations
for servicing and liquidating loans made by RD, successor to the
Farmers Home Administration under the Intermediary Relending Program to
eligible intermediaries and applies to ultimate recipients and other
involved parties.
Need and Use of the Information: The Intermediary will provide RD
information from, i.e. assets and liabilities, income statement and a
summary of its lending and guarantee program. The required financial
information provided by the Intermediary is vital to RD for the Agency
to make sound credit and financial analysis decisions and monitor the
program.
Description of Respondents: Not-for-profit institutions; business
or other for-profit.
Number of Respondents: 420.
Frequency of Responses: Reporting: On occasion; quarterly; semi-
annually; annually.
Total Burden Hours: 11,235.
Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. E8-13548 Filed 6-16-08; 8:45 am]
BILLING CODE 3410-XT-P