Extension without change of a currently approved collection
No
Regular
10/24/2023
Requested
Previously Approved
36 Months From Approved
12/31/2023
5,824
5,824
185,514
185,514
0
0
On August 16, 2022, Congress passed
the Inflation Reduction Act (IRA) of 2022 (Pub. L. 117-169).
Subtitle C, Section 22004 of IRA amended Section 9003 of the Farm
Security and Rural Investment Act of 2002 (7 U.S.C. 8103) by adding
subjection (j). Through the passing of IRA, the Empowering Rural
America (New ERA) Program was established with the goal of
providing financial assistance to electric cooperatives to achieve
the greatest reductions in greenhouse gas emissions through the
cooperatives’ voluntary transformation of rural electric systems in
a way that promotes resiliency and reliability of rural electric
systems and affordability for their members. The New ERA Program is
being administered by the Rural Utilities Service (RUS), a Rural
Development agency of the United States Department of Agriculture
(USDA), that provides, mortgage loans and loan guarantees to
electric systems to provide and improve electric service in rural
areas pursuant to the Rural Electrification Act of 1936, as amended
(7 U.S.C. 901 et seq., RE Act). Section 22004 of IRA provided the
Agency with $9,700,000,000 in Budget Authority (BA), to remain
available until September 30, 2031. With this BA, the Agency,
through the New ERA Program, will provide financial assistance in
the form of loans, loan and grant combinations, loan refinancing
and modifications and other financial assistance.
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.