The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rurals. This is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits.
US Code:
7 USC 1932(a)
Name of Law: Consolidated Farm and Rural Development Act
The adjustment increase of 142 hours reflected in this submission is a combination of adding Form 4279-14 and its re-evaluation and decrease in per response time from 2 hours to 30 minutes.
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:
(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;
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.