[Federal Register Volume 61, Number 211 (Wednesday, October 30, 1996)]
[Rules and Regulations]
[Page 55877]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27765]



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 Rules and Regulations
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  Federal Register / Vol. 61, No. 211 / Wednesday, October 30, 1996 / 
Rules and Regulations  

[[Page 55877]]



DEPARTMENT OF AGRICULTURE

Rural Housing Service

Rural Business-Cooperative Service

Rural Utilities Service

Farm Service Agency

7 CFR Part 1980


Nonprofit National Corporations Loan and Grant Program

AGENCIES: Rural Housing Service, Rural Business-Cooperative Service, 
Rural Utilities Service, and Farm Service Agency, USDA.

ACTION: Final rule.

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SUMMARY: The Rural Business-Cooperative Service (RBS) removes, as 
unnecessary, regulations concerning the Nonprofit National Corporations 
Loan and Grant Program from the Code of Federal Regulations, since no 
funding is available or requested. This action is being taken as part 
of the National Performance Review program to eliminate excess 
regulations and to improve the quality of those that remain in effect.

EFFECTIVE DATE: October 30, 1996.

FOR FURTHER INFORMATION CONTACT: Ms. Joyce Allen, Business Programs, 
Servicing Division, Loan Specialist, Rural Business-Cooperative 
Service, USDA, STOP 3224, Washington DC 20250-3221, telephone (202) 
720-8604.

SUPPLEMENTARY INFORMATION:

Classification

    This action is not subject to the provisions of Executive Order 
12866 since it involves only internal Agency management. This Action is 
not published for prior notice and comment under the Administrative 
Procedure Act since it involves only internal Agency management and 
publication for comment is unnecessary and contrary to the public 
intent.

Regulatory Flexibility Act

    The Regulatory Flexibility Act is not applicable to this rule since 
the Rural Business-Cooperative Service (RBS) is not required by 5 
U.S.C. 553, or any other provision of law, to publish a notice of 
proposed rulemaking to effect these administrative changes.

Environmental Impact Statement

    This action has been reviewed in accordance with 7 CFR part 1940, 
subpart G, ``Environmental Program.'' The Agency has determined that 
this action does not constitute a major Federal action significantly 
affecting the quality of the human environment, and in accordance with 
the National Environmental Policy Act of 1969, Pub. L. 91-190, an 
Environmental Impact Statement is not required.

Executive Order 12778

    This rule was reviewed in accordance with Executive Order 12778. 
The provisions of the rule do not preempt State laws, are not 
retroactive, and do not involve administrative appeals.

Unfunded Mandate Reform Act

    Title II of the Unfunded Mandate Reform Act of 1995 (UMRA), Pub. L. 
104-4, establishes requirements for Federal agencies to assess the 
effects of their regulatory actions on State, local and tribal 
governments, and the private sector. Under section 202 of the UMRA, RBS 
generally must prepare a written statement, including a cost-benefit 
analysis, for proposed and final rules with ``Federal mandates'' that 
may result in expenditures to State, local, or tribal governments, in 
the aggregate, or to the private sector, of $100 million or more in any 
one year. When such a statement is needed for a rule, section 205 of 
the UMRA generally requires RBS to identify and consider a reasonable 
number of regulatory alternatives and adopt the least burdensome 
alternative that achieves the objectives of the rule.
    This rule contains no Federal mandates (under the regulatory 
provisions of Title II of the UMRA) for State, local and tribal 
governments, or the private sector. Thus, today's rule is not subject 
to the requirements of sections 202 and 205 of the UMRA.

Paperwork Reduction Act

    This final rule does not impose any new information or 
recordkeeping requirements on the public. The Agency will update the 
data documenting the burden on the public at its regularly scheduled 
burden submissions to OMB.

Background

    This final rule removes regulations concerning the Nonprofit 
National Corporations Loan and Grant Program from the Code of Federal 
Regulations, since no funding is available or requested.

List of Subjects in 7 CFR Part 1980

    Business and industry, Grant programs--business, Loan programs--
business, Nonprofit organizations, Rural areas. Accordingly, Chapter 
XVIII, title 7, Code of Federal Regulations is amended as follows:

PART 1980--GENERAL

    1. The authority citation for part 1980 continues to read as 
follows:

    Authority: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480; 7 CFR 
2.23 and 2.70.

Subpart G--[Removed and Reserved]

    2. Subpart G, consisting of Secs. 1980.601 through 1980.700 and 
appendices A through D, is removed and reserved.

    Dated: September 9, 1996.
Jill Long Thompson,
Under Secretary, Rural Development.
[FR Doc. 96-27765 Filed 10-29-96; 8:45 am]
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