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Notice

Notice of Request for Extension of a Currently Approved Information Collection

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Information about this document as published in the Federal Register.

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AGENCY:

Rural Business-Cooperative Service, USDA.

ACTION:

Proposed collection; comments requested.

SUMMARY:

In accordance with the Paperwork Reduction Act of 1995, this notice announces the Rural Business-Cooperative Service's (RBS's) intention to request an extension for a currently approved information collection in support of the program for Guaranteed Loanmaking—Business and Industry Loans.

DATES:

Comments on this notice must be received by February 21, 2003 to be assured of consideration.

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FOR FURTHER INFORMATION CONTACT:

Rick Bonnet, Senior Commercial Loan Specialist, Business and Industry Division Processing Branch, Rural Business-Cooperative Service, U.S. Department of Agriculture, STOP 3224, 1400 Independence Avenue, SW., Washington, DC 20250-3224, Telephone (202) 720-1804, e-mail rick.bonnet@usda.gov”.

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SUPPLEMENTARY INFORMATION:

Title: Guaranteed Loanmaking—Business and Industry Loans.

OMB Number: 0570-0017.

Expiration Date of Approval: April 30, 2003.

Type of Request: Extension of Currently Approved Information Collection.

Abstract: The purpose of the program is to 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 through guarantee of quality loans, which will provide lasting community benefits. This subpart contains requirements applicable to Business and Industry Loan Program loans administered by the Agency.

Information being collected on guaranteed loans is typically collected from lenders. There are no new data collection requirements contained in the renewal notice. However, we revised several B&I forms so they could be used in two other Rural Development programs (Community Facilities and Water and Waste Disposal Guaranteed Loan Programs). The estimated burden associated with their use of these forms Start Printed Page 78219have been incorporated into this package and is reflected here.

Estimate of Burden: Public reporting for this collection of information is estimated to average 2.4 hours per response.

Respondents: Business or other for-profit; State, Local or Tribal;—Lenders, accountants, attorneys.

Estimated Number of Respondents: 800.

Estimated Number of Responses per Respondent: 10.68.

Estimated Number of Responses: 8,544.

Estimated Total Annual Burden on Respondents: 20,561.

Copies of this information collection can be obtained from Cheryl Thompson, Regulations and Paperwork Management Branch, at (202) 692-0043.

Comments: Comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of RBS, including whether the information will have practical utility; (b) the accuracy of RBS's estimate of the burden of the proposed collection of information including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility and clarity of the information to be collected; and (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. Comments may be sent to Cheryl Thompson, Regulations and Paperwork Management Branch, U.S. Department of Agriculture, Rural Development, STOP 0742, 1400 Independence Ave. SW., Washington, DC 20250-0742. All responses to this notice will be summarized and included in the request for OMB approval. All comments will also become a matter of public record.

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Dated: December 12, 2002.

John Rosso,

Administrator, Rural Business-Cooperative Service.

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[FR Doc. 02-32192 Filed 12-20-02; 8:45 am]

BILLING CODE 3410-XY-P