Rural Housing Service (RHS), USDA.
Notice; comment requested.
In accordance with the Paperwork Reduction Act of 1995, this notice announces the intention of the above-named Agencies to request Office of Management and Budget's (OMB) approval for a revision of a currently approved information collection in support of the servicing of Community and Direct Business Programs Loans and Grants.
Comments on this notice must be received by May 22, 2020 to be assured of consideration.
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FOR FURTHER INFORMATION CONTACT:
Arlette Mussington, Rural Development Innovation Center—Regulations Management Division, USDA, 1400 Independence Avenue SW, Room 4227, South Building, Washington, DC 20250-1522. Telephone: (202)720-2825. Email email@example.com.
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The Office of Management and Budget's (OMB) regulation (5 CFR 1320) implementing provisions of the Paperwork Reduction Act of 1995 (Pub. L. 104-13) requires that interested members of the public and affected agencies have an opportunity to comment on information collection and recordkeeping activities (see 5 CFR 1320.8(d)). This notice identifies an information collection that RUS is submitting to OMB for revision.
Comments are invited on: (a) Whether the proposed 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 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 by the Federal eRulemaking Portal: Go to http://www.regulations.gov and, in the lower “Search Regulations and Federal Actions” box, select “[insert Agency name]” from the agency drop-down menu, then click on “Submit.” In the Docket ID column, select [insert docket number] to submit or view public comments and to view supporting and related materials available electronically. Information on using Regulations.gov, including instructions for accessing documents, submitting comments, and viewing the docket after the close of the comment period, is available through the site's “User Tips” link.
Title: 7 CFR 1951-E, Servicing of Community and Direct Business Programs Loans and Grants.
OMB Number: 0575-0066.
Expiration Date of Approval: May 31, 2021.
Type of Request: Revision of a currently approved information collection.
Abstract: The Community Facilities program is authorized to make loans and grants to public entities, nonprofit corporations, and Indian tribes for the development of essential community facilities primarily serving rural residents. The Direct Business and Start Printed Page 16325Industry program, under Rural Business-Cooperative Service, is authorized to make loans to improve, develop, or finance business, industry, and employment, and improve the economic and environmental climate in rural communities.
The purpose of this collection is to establish security servicing policies, assist recipients in meeting the objectives of the loans and grants, repay loans on schedule, comply with agreements, and protect the Government's financial interest. Routine servicing responsibilities include collection of payments, compliance reviews, security inspections, review of financial reports, determining applicant/borrower eligibility and project feasibility for various servicing actions, monitoring delinquent accounts, and supervision activities.
The revision is a result of an increase of 138 responses and 123 burden hours since our last submission. This increase is due to the fact that there has been an increase of funding availability and initiatives for the direct Community Facilities loan program over the past few years.
Supervision by the Agencies include, but is not limited to: Review of budgets, management reports, audits and financial statements; performing security inspections; providing, arranging, or recommending technical assistance; evaluating environmental impacts of proposed actions by the borrower; performing civil rights compliance reviews; and assisting in the development of workout agreements.
Information will be collected by the field offices from applicants, borrowers, consultants, lenders, and attorneys.
Failure to collect information could result in improper servicing of these loans.
Estimate of Burden: Public reporting burden for this collection of information is estimated to average 1 hour per response.
Respondents: State, local or tribal Governments, Not-for-profit institutions, businesses, and individuals.
Estimated Number of Respondents: 15
Estimated Number of Responses per Respondent: 1.
Estimated Number of Responses: 1,773.
Estimated Total Annual Burden on Respondents: 1,663.
Copies of this information collection can be obtained from Arlette Mussington, Innovation Center—Regulations Management Division, at (202) 720-2825. Email: firstname.lastname@example.org.
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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Bruce W. Lammers,
Administrator, Rural Housing Service.
[FR Doc. 2020-05977 Filed 3-20-20; 8:45 am]
BILLING CODE 3410-XV-P