7 CFR Part 1786, Prepayment of RUS Guaranteed & Insured Loans to Electric & Telephone Borrowers

Forms and Documents

Document Name	Status
REVISED 0572-0088 - 2016 Spreadsheet Form 36.xls Supplementary Document	2016-02-29
REVISED SUPPORTING STATEMENT 0572-0088.docx Supporting Statement A	2016-02-25
7 CFR 1786 subpart E F G.pdf Supplementary Document	2016-02-08
RE ACT.pdf Supplementary Document	2016-02-08

IC Document Collections

IC ID	Document Title	Status
43526	7 CFR Part 1786, "Prepayment of RUS Guaranteed and Insured Loans to Electric and Telephone Borrowers"	Modified

ICR Details

OMB Control No: 0572-0088	ICR Reference No: 201602-0572-002
Status: Historical Active	Previous ICR Reference No: 201207-0572-004
Agency/Subagency: USDA/RUS	Agency Tracking No:
Title: 7 CFR Part 1786, Prepayment of RUS Guaranteed & Insured Loans to Electric & Telephone Borrowers
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/04/2016
	Date Received in OIRA: 03/04/2016
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2019	36 Months From Approved	04/30/2016
Responses	38	0	1
Time Burden (Hours)	76	0	2
Cost Burden (Dollars)	0	0	0

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Abstract: This information collection contains submissions for 7 CFR part 1786, subpart E, "Discounted Prepayments on RUS Notes in the Event of a Merger of Certain RUS Electric Borrowers", subpart F, "Discounted Prepayments on RUS Electric Loans", and subpart G, "Refinancing and Prepayment of RUS Guaranteed FFB Loans pursuant to Section 306(c) of the RE Act". Subparts E and F allow agency borrowers to prepay RUS loans and subpart G allows refinancing.

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Authorizing Statute(s): US Code: 7 USC Sec. 306B, 306C 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:
	80 FR 66488	10/29/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 11511	03/04/2016
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
7 CFR Part 1786, "Prepayment of RUS Guaranteed and Insured Loans to Electric and Telephone Borrowers"

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ICR Summary 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	38	1	0	0	37	0
Annual Time Burden (Hours)	76	2	0	0	74	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: This collection has an adjustment to account for an increase in the estimated number of respondents from 1 to 38 resulting in an increase in burden hours from 2 to 76. All of the respondents were Rural Utilities Service (RUS) electric program borrowers applying for discounted prepayments on RUS electric loans under 7 CFR 1786, subpart F.

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Annual Cost to Federal Government: $71,023

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 03/04/2016

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