[Federal Register Volume 59, Number 228 (Tuesday, November 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-29331]


[[Page Unknown]]

[Federal Register: November 29, 1994]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner

24 CFR Parts 246 and 266

[Docket No. R-94-1685; FR-3383-N-03]
RIN 2502-AF94

 

Housing Finance Agency Risk-Sharing Program for Insured 
Affordable Multifamily Project Loans: Notice of Extension of Effective 
Period of Interim Rule

AGENCY: Office of Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Interim rule; Extension of effective period.

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SUMMARY: On December 3, 1993 (58 FR 64032), the Department published an 
interim rule that authorizes the Housing Finance Agency Risk-Sharing 
Program for Insured Affordable Multifamily Project Loans. The preamble 
to the interim rule stated that: ``The Department has adopted a policy 
of setting a date for expiration of an interim rule unless a final rule 
is published before that date. This sunset provision appears in 
Sec. 266.1(c) of the rule, and provides that the interim rule will 
expire on a date 12 months from publication unless a final rule is 
published before that date.''
    This notice extends the effective period for 24 CFR 246.1(e) and 24 
CFR part 266, from December 5, 1994 until the final rule is published 
and made effective, at which point the rule will remain in effect.

DATES: The effective date for 24 CFR 246.1(e) and 24 CFR part 266 is 
extended from December 5, 1994, until the final rule is published and 
made effective, at which point the final rule will remain in effect.

FOR FURTHER INFORMATION CONTACT: Jane Luton, Acting Director, Policies 
and Procedures Division, Office of Insured Multifamily Housing 
Development, Room 6116, (202) 708-2556. Hearing- and speech-impaired 
persons may call (202) 708-4594. (The above listed telephone numbers 
are not toll-free.)

SUPPLEMENTARY INFORMATION: On December 3, 1993 (58 FR 64032), the 
Department published an interim rule that authorizes the Housing 
Finance Agency Risk-Sharing Program for Insured Affordable Multifamily 
Project Loans. The preamble to the interim rule stated that: ``The 
Department has adopted a policy of setting a date for expiration of an 
interim rule unless a final rule is published before that date. This 
sunset provision appears in Sec. 266.1(c) of the rule, and provides 
that the interim rule will expire on a date 12 months from publication 
unless a final rule is published before that date.''
    The final rule is currently in its final stages of review and HUD 
anticipates that the final rule will be published before the expiration 
of calendar year 1994. In order to prevent a period in which the HFA 
Risk-Sharing Program will be without effective regulations, the 
Department is extending the effective period of the interim rule until 
the final rule is published and made effective.
    Accordingly, the effective period for the interim rule published on 
December 3, 1993 (58 FR 64032), is extended from December 5, 1994 until 
the date the final rule is made effective, at which point the final 
rule will remain in effect.

    Dated: November 21, 1994.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 94-29331 Filed 11-28-94; 8:45 am]
BILLING CODE 4210-27-P