No
material or nonsubstantive change to a currently approved
collection
No
Regular
10/04/2022
Requested
Previously Approved
04/30/2024
04/30/2024
12,380
12,380
50,242
50,242
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.