Request for Approval to Sell Capital Assets

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 369 REQUEST FOR APPROVAL TO SELL CAPITAL ASSETS	Form and Instruction	Modified	Available
Form 369 Request for Approval to Sell Capital Assets	Form and Instruction	Modified	Repair queued
60 day Notice 2022.pdf	Supplementary Document	Uploaded 2022-08-22	Repair queued
2022 Form 369 0572-0020 9.13.22.xlsx	Supplementary Document	Uploaded 2022-09-14	Repair queued
2022 - Supporting Statement 0572-0020 9.13.22.docx	Supporting Statement A	Uploaded 2022-09-14	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
1765	Request for Approval to Sell Capital Assets	Form and Instruction	Modified	REQUEST FOR APPROVAL TO SELL CAPITAL ASSETS
1765	Request for Approval to Sell Capital Assets	Form and Instruction	Modified

ICR Details

OMB Control No: 0572-0020	ICR Reference No: 202204-0572-001
Status: Active	Previous ICR Reference No: 201901-0572-009
Agency/Subagency: USDA/RUS	Agency Tracking No:
Title: Request for Approval to Sell Capital Assets
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: 01/11/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 11/03/2022
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years. OMB requests, given that physical submission of the information is currently the only available option, that the shipping costs and transport to the post office be considered in capital cost calculations. OMB also requests that digital submission options be evaluated and considered for the next ICR. OMB additionally reminds the agency that, according to 5 CFR 1320.8(b)(3), the burden statement on a form should include the reason for the collection, whether it is voluntary or mandatory (and by what authority), and a contact for burden comments. Lastly, OMB would like to remind the agency of the requirements, in accordance with 1320.5(a)(1)(iii) (G), to submit copies of the statutory authority to collect the information, and the statute that allows the authority to collect information.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2026	36 Months From Approved	01/31/2023
Responses	33	0	33
Time Burden (Hours)	165	0	99
Cost Burden (Dollars)	0	0	0

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Abstract: A borrower's assets provide the security for a Government loan. Selling of assets reduces the security and increases the risk to the Government. RUS Form 369 allows the borrowers to seek agency permission to sell some of its assets.

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Authorizing Statute(s): US Code: 7 USC 901 Name of Law: RE Act of 1936
  

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:
	87 FR 42994	07/19/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 65732	11/01/2022
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
Request for Approval to Sell Capital Assets	369	REQUEST FOR APPROVAL TO SELL CAPITAL ASSETS

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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	33	33	0	0	0	0
Annual Time Burden (Hours)	165	99	0	66	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: This renewal package requests a revision of a currently approved collection. There is an increase in burden of 66 hours due to the addition of the SAM registration requirement.

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Annual Cost to Federal Government: $4,529

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 11/03/2022

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