New collection (Request for a new OMB Control Number)
No
Regular
Approved with change
04/21/2021
12/10/2020
In accordance with 5 CFR 1320, the information collection is approved for three years. Please ensure that all forms, including any instructions, include the OMB control number and expiration date. Corresponding instructions must be uploaded to ROCIS in future renewals of this collection.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
04/30/2024
36 Months From Approved
12,380
0
0
50,242
0
0
0
0
0
Rural Development is implementing a new consolidated guaranteed loan platform. The new guaranteed loan platform would combine the following four existing guaranteed loan regulations into a consolidate rule: (1) the Community Facility Program, (2) the Water and Waste Disposal Program, (3) the Business and Industry Program, and (4) the Renewable Energy Systems and Energy Efficiency Improvements Program under Title IX, Section 9006 of the Farm Security and Rural Investment Act of 2002 (FSRIA 2002). These programs provide loan guarantees for a variety of projects intended to improve the economies of rural America.
The following is an update to the Emergency Justification:
The rule will become effective 90 days from the date of publication in the Federal Register. Therefore, in order to ensure that any Information Collection and Recordkeeping activities are approved on the effective date, RD is requesting emergency approval of the new information collection in coordination with OMB clearance of the associated rulemaking. As the use of normal clearance procedures is likely to prevent or disrupt the collection of information from borrowers, the 60-Day notice for comments is embedded in the Final rule with request for comments.
Due to the need to consider comments received and then issue another notice for the Federal Register for an additional thirty days of comment, RD would not be able to complete the information collection process before the OneRD rule takes effect with the beginning of FY21. The OneRD rule that harmonizes to the maximum practical extent the regulations for implementing these four separate loan guarantee programs; the associated reduction in burden is maximized if the rule takes effect with the beginning of a fiscal year. Please note that after the 60-Day comment period closes, RD will submit the collection package for a 1-year approval if the new IT system is not already built, and a 3-year approval if it is. Either way, RD will address any comments received with the subsequent.
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.
OneRD Guarantee Loan Program