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25 CFR 103 -- Loan Guaranty, Insurance, and Interest Subsidy Program

fr notice

OMB: 1076-0020

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Federal Register / Vol. 71, No. 226 / Friday, November 24, 2006 / Notices
Dated: November 16, 2006
Mark R. Johnston,
Acting Deputy Assistant Secretary for Special
Needs.
[FR Doc. 06–9329 Filed 11–22–06; 8:45 am]
BILLING CODE 4210–67–M

DEPARTMENT OF THE INTERIOR
Bureau of Indian Affairs
Proposed Renewal of Loan Guaranty,
Insurance, and Interest Subsidy;
Request for Comments
Bureau of Indian Affairs,
Interior.
ACTION: Notice of Renewal of
Information Collection.

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AGENCY:

SUMMARY: The Department of the
Interior (DOI), Office of Indian Energy
and Economic Development (OIEED), is
seeking comments on the collection of
information necessary for utilization of
the Loan Guaranty, Insurance, and
Interest Subsidy Program. This is
necessary to continue the use of forms
for this program approved by the Office
of Management and Budget under the
Paperwork Reduction Act of 1995. The
public will have the opportunity to
comment on the time and expense
required by these forms to access the
program.
DATES: Submit comments on or before
January 23, 2007.
ADDRESSES: Send comments to David B.
Johnson, Acting Chief, Division of
Capital Investment, Office of Indian
Energy and Economic Development,
Department of the Interior, 1951
Constitution Avenue, NW., Mail Stop
20–SIB, Washington, DC 20240; or hand
deliver them to Room 20 at that address.
We cannot use e-mail but you may
comment by telefacsimile at (202) 208–
6512.
FOR FURTHER INFORMATION CONTACT:
Woodrow Sneed, Financial Analyst,
Division of Capital Investment, (202)
513–7683.
SUPPLEMENTARY INFORMATION: The Loan
Guaranty, Insurance, and Interest
Subsidy Program (Program) was
established in the Act of April 12, 1974,
as amended, 88 Stat. 79, 25 U.S.C. 1481
et seq. and 25 U.S.C. 1511 et seq. The
Program has existed since 1974 and the
regulations implementing it have
existed since 1975, with significant
revision in 2001. Until this year, the
program has been administered by the
Bureau of Indian Affairs. It is now
administered by the Office of Indian
Energy and Economic Development in
the Office of the Assistant Secretary—

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Indian Affairs in DOI. It is necessary to
collect information from users of this
program in order to determine eligibility
and credit worthiness of respondents.
Request for Comments
The DOI requests your comments on
this collection concerning:
(a) The necessity of this information
collection 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 (hours and cost)
of the collection of information,
including the validity of the
methodology and assumptions used;
(c) ways we could enhance the
quality, utility and clarity of the
information to be collected; and
(d) ways we could minimize the
burden of the collection of the
information on the respondents, such as
through the use of automated collection
techniques or other forms of information
technology.
Please note that an agency may not
sponsor or request and an individual
need not respond to, a collection of
information unless it has a valid OMB
Control Number.
If you wish to have your name and/
or address withheld, you must state this
prominently at the beginning of your
comments. We will honor your request
according to the requirements of the
law. All comments from organizations
or representatives will be available for
review. We may withhold comments
from review for other reasons.
OMB Control Number: 1076–0020.
Type of review: Renewal.
Title: Loan Guaranty, Insurance, and
Interest Subsidy, 25 CFR 103.
Brief description of collection: The
purpose of the Loan Guaranty,
Insurance, and Interest Subsidy
Program, 25 U.S.C. 1481 et seq. and 25
U.S.C. 1511 et seq., is to encourage
private lending to individual Indians
and organizations of Indians, by
providing lenders with loan guaranties
or loan insurance to reduce their
potential risk. Lenders, borrowers, and
the loan purpose all must qualify under
Program terms. In addition, the
Secretary of the Interior must be
satisfied that there is a reasonable
prospect that the loan will be repaid.
DOI collects information under the
proposed regulations to assure
compliance with Program requirements.
There are currently 293 outstanding
loans. Based upon historical records,
DOI anticipates approximately 65
applications for loan guaranties each
year. DOI will receive approximately 20
additional loan insurance applications

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or notices of loan insurance per year. Of
the combined 85 applications/notices,
DOI expects that it will guarantee or
insure approximately 62 new loans each
year, of which approximately 45 will
receive interest subsidy. We will have
about 350 loans outstanding by the close
of Fiscal Year 2007.
In all, DOI estimates the total annual
Program compliance burden to range
from approximately 1–2 hours per loan,
with the average loan causing a burden
of approximately 1.50 hours. Most
compliance burdens fall below this
average.
DOI assumes the average hourly cost
per respondent to be $20.00.
Respondents: Commercial banks.
Number of Respondents: 350.
Number of Responses Annually:
1,527.
Estimated Time per Respondent: 2
hours.
Frequency of Response: As needed.
Total Annual Burden to Respondents:
3,014.
Total Annual Cost to Respondents:
$60,280.00.
Dated: November 3, 2006.
Michael D. Olsen,
Principal Deputy Assistant Secretary—Indian
Affairs.
[FR Doc. E6–19849 Filed 11–22–06; 8:45 am]
BILLING CODE 4310–XN–P

DEPARTMENT OF THE INTERIOR
Bureau of Indian Affairs
Notice of Availability of Final
Environmental Impact Statement for
the Proposed Coyote Business Park,
Umatilla County, OR
Bureau of Indian Affairs,
Interior.
ACTION: Notice.
AGENCY:

SUMMARY: This notice advises the public
that the Bureau of Indian Affairs (BIA),
with the cooperation of the Bonneville
Power Administration (BPA), and the
Confederated Tribes of the Umatilla
Indian Reservation (CTUIR) intends to
file a Final Environmental Impact
Statement (FEIS) with the U.S.
Environmental Protection Agency for
the proposed lease of up to 142 acres of
land held in trust by the United States
for the benefit of the CTUIR in Umatilla
County, Oregon, and that the FEIS is
now available for public review. The
purpose of the proposed project, the
Coyote Business Park, is to help meet
economic development needs on the
Umatilla Indian Reservation.
DATES: The Record of Decision on the
proposed action will be issued on or

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File TitleDocument
SubjectExtracted Pages
AuthorU.S. Government Printing Office
File Modified2006-11-22
File Created2006-11-22

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