Rural Business-Cooperative Service, USDA.
Proposed collection; comments requested.
In accordance with the Paperwork Reduction Act of 1995, this notice announces the Rural Business-Cooperative Service's intention to request an extension for a currently approved information collection in support of the Rural Economic Development Loan and Grant Program.
Comments on this notice must be received by December 5, 2016, to be assured of consideration.
Start Further Info
FOR FURTHER INFORMATION CONTACT:
Director, Specialty Programs Division, Rural Business-Cooperative Service, U.S. Department of Agriculture, STOP 3226, 1400 Independence Avenue SW., Washington, DC 20250-3226, Telephone (202) 720-1400.
End Further Info
Start Supplemental Information
Title: Rural Economic Development Loan and Grant Program.
OMB Number: 0570-0035.
Expiration Date of Approval: February 28, 2017.
Type of Request: Extension of a currently approved information collection.
Abstract: Under this program, loans and grants are provided to electric and telecommunications utilities that have borrowed funds from the Agency. The purpose of the program is to encourage these electric and telecommunications utilities to promote rural economic development and job creation projects such as business start-up costs, business expansion, community development, and business incubator projects. The utilities must use program loan funds to make a pass-through loan to an ultimate recipient such as a business. The utility is responsible for fully repaying its loan to the Government, even if the ultimate recipient does not repay its loan. The intermediary must use program grant funds, along with its required contribution, to create a revolving loan fund that the utility will operate and administer. Loans to the ultimate recipient are made from the revolving loan fund for a variety of community development projects. The information requested is necessary and vital in order for the Agency to be able to make prudent and financial analysis decisions.
Estimate of Burden: Public reporting burden for this collection of information is estimated to average 2 hours per response.
Respondents: Rural Utilities Service Electric and Telecommunications Borrowers.
Estimated Number of Respondents: 120.
Estimated Number of Responses per Respondent: 17.
Estimated Number of Responses: 2,075.
Estimated Total Annual Burden on Respondents: 4,728.
Copies of this information collection can be obtained from Jeanne Jacobs, Regulations and Paperwork Management Branch, Support Services Division at (202) 692-0040.
Comments: Comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of USDA, including whether the information will have practical utility; (b) the accuracy of USDA'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 Jeanne Jacobs, Regulations and Paperwork Management Branch, Support Services Division, U.S. Department of Agriculture, Rural Development, STOP 0742, 1400 Independence Avenue 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.
End Supplemental Information
Dated: September 28, 2016.
Acting Administrator, Rural Business-Cooperative Service.
[FR Doc. 2016-23914 Filed 10-3-16; 8:45 am]
BILLING CODE 3410-XY-P