In accordance with 5 CFR 1320, the information collection is approved for three years. The agency is required to display the OMB Control Number and inform respondents of its legal significance in accordance with 5 CFR 1320.5(b).
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
01/31/2028
36 Months From Approved
01/31/2025
8
0
10
48
0
60
0
0
0
The Wholesale Contract is used by RUS Generation and Transmission (G&T) borrowers to enter into agreement with their distribution members for purchase of power from the G&T. The information allows the Agency to determine credit quality and credit worthiness and determine repayment ability of loans and loan guarantees.
US Code:
7 USC 904
Name of Law: Rural Electrification Act of 1936 (RE Act)
This renewal package requests a revision of a currently approved collection. Since the last submission, the number of respondents decreased due to borrowers opting to prepay RUS loans and a decrease in the number of electric program borrowers and in the numbers of borrowers submitting amendments to Wholesale Power Contracts. The pandemic was also a contributing factor in the decreased number of submittals. Respondents decreased by 2, from 10 to 8 annual respondents. The decrease in the number of respondents directly affected the annual burden hours resulting in an adjustment decrease of 12 annual burden hours from 60 to 48 annual burden hours.
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.