RUS Electric Loan Application and Related Reporting Burdens

ICR 202001-0572-004

OMB: 0572-0032

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2021-03-10
Supplementary Document
2021-03-09
Supplementary Document
2021-03-08
Supplementary Document
2021-03-17
Supporting Statement A
2021-03-17
IC Document Collections
ICR Details
0572-0032 202001-0572-004
Received in OIRA 201811-0572-002
USDA/RUS
RUS Electric Loan Application and Related Reporting Burdens
Extension without change of a currently approved collection   No
Regular 04/15/2021
  Requested Previously Approved
36 Months From Approved 04/30/2021
2,803 2,803
41,634 41,634
0 0

This is a submission for approval of a non-material change request based on the upcoming publication of regulations streamlining procedures for Electric Program borrowers, including loan application requirements, approval of work plans and load forecasts, which will result in a reduction of response time from respondents. Regulation revisions also allow RUS to rely on the borrowers' year end filed Financial and Operating Reports unless the borrower has failed to meet applicable financial ratios, as required by its security instrument and loan contract. The agency estimates that the numbers of respondents will be reduced by this change, reducing the annualized burden. The regulation revisions remove requirements for borrowers and/or applicants to submit Board of Directors' resolutions resulting in a reduction of response time.

US Code: 7 USC 6941 Name of Law: Fed Crop Ins. Reform/Dept of Ag Reorg. Act of 1994
   US Code: 7 USC 901 Name of Law: Rural Electrification Act of 1936
  
PL: Pub.L. 110 - 246 6001 Name of Law: Food, Conservation and Energy Act of 2008

Not associated with rulemaking

  85 FR 41531 07/10/2020
86 FR 19211 04/13/2021
No

  Total Request 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 2,803 2,803 0 0 0 0
Annual Time Burden (Hours) 41,634 41,634 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$2,058,516
No
    No
    No
No
No
No
No
Robin Jones 202 772-1172 [email protected]

  No

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.
04/15/2021


© 2024 OMB.report | Privacy Policy