7 CFR 1773, Policy on Audits of RUS Borrowers

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
0572-0095 Grid Rev.xls	Supplementary Document	Uploaded 2009-10-19	Available
FINAL ROCIS - SUPPORTING STATEMENT (2) 10-01-09.doc	Supporting Statement A	Uploaded 2009-10-01	Available
7 cfr 1773.pdf	Supplementary Document	Uploaded 2009-04-01	Available
Rural Electrification Act of 1936.doc	Supplementary Document	Uploaded 2009-04-01	Available
loan contract.doc	Supplementary Document	Uploaded 2009-04-01	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
1800	7 CFR 1773, Policy on Audits of RUS Borrowers		Modified

ICR Details

OMB Control No: 0572-0095	ICR Reference No: 200812-0572-001
Status: Historical Active	Previous ICR Reference No: 200603-0572-001
Agency/Subagency: USDA/RUS	Agency Tracking No:
Title: 7 CFR 1773, Policy on Audits of RUS Borrowers
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/06/2009
	Date Received in OIRA: 06/18/2009
Terms of Clearance: Please note that an information collection renewal that simply adjusts the estimate of the number of responses or the burden hours, but otherwise does not modify the information collection, should be submitted as an "Extension without Change" and not as a "Revision" of a currently approved collection.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	36 Months From Approved	11/30/2009
Responses	1,887	0	2,137
Time Burden (Hours)	13,927	0	16,677
Cost Burden (Dollars)	0	0	0

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Abstract: RUS relies on the information provided by the borrowers in their financial statements to make lending decisions as to borrowers; credit worthiness and to assure that loan funds are approved, advanced and disbursed for proper RE Act

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Authorizing Statute(s): US Code: 7 USC 901 et seq. Name of Law: Rural Electrification Act of 1936, as amended
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 5142	01/29/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 28880	06/18/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
7 CFR 1773, Policy on Audits of RUS Borrowers

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	1,887	2,137	0	0	-250	0
Annual Time Burden (Hours)	13,927	16,677	0	0	-2,750	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Burden was reduced because there was an increase in the borrowers that paid-off their loans and therefore, are not required to file an audit report with the Agency.

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Annual Cost to Federal Government: $402,500

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 06/18/2009

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