[Federal Register Volume 63, Number 9 (Wednesday, January 14, 1998)]
[Rules and Regulations]
[Page 2135]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-922]



 ========================================================================
 Rules and Regulations
                                                 Federal Register
 ________________________________________________________________________
 
 This section of the FEDERAL REGISTER contains regulatory documents 
 having general applicability and legal effect, most of which are keyed 
 to and codified in the Code of Federal Regulations, which is published 
 under 50 titles pursuant to 44 U.S.C. 1510.
 
 The Code of Federal Regulations is sold by the Superintendent of Documents. 
 Prices of new books are listed in the first FEDERAL REGISTER issue of each 
 week.
 
 ========================================================================
 

  Federal Register / Vol. 63, No. 9 / Wednesday, January 14, 1998 / 
Rules and Regulations  

[[Page 2135]]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF AGRICULTURE

Rural Housing Service
Rural Business-Cooperative Service
Rural Utilities Service
Farm Service Agency

7 CFR Part 1930


Management and Supervision of Multiple Family Housing Borrowers 
and Grant Recipients

agency: Rural Housing Service, USDA.

action: Final rule.

-----------------------------------------------------------------------

summary: Rural Housing Service is revising its regulation by deleting 
the year a publication referenced was last revised. This publication is 
the ``Government Auditing Standards.'' The intended effect of this 
action is that future revisions of the ``General Accounting Office 
Standards'' will not necessitate a change to the RHS regulation.

effective date: January 14, 1998.

for further information contact: Patrick N. Sheridan, Acting Director, 
Multi-Family Housing Portfolio Management Division, Rural Housing 
Service, U.S. Department of Agriculture, Room 5321, STOP 0782, 1400 
Independence Avenue, S.W., Washington, D.C. 20250-0782, telephone: 
(202) 720-1600.

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 
interest.

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, Public Law 91-190, an 
Environmental Impact Statement is not required.

Programs Affected

    This change affects the following RHS programs as listed in the 
Catalog of Federal Domestic Assistance: 10.405, ``Farm Labor Housing 
Loans and Grants,'' 10.411, ``Rural Housing Site Loans and Self-Help 
Housing Land Development Loans,'' 10.415, ``Rural Rental Housing 
Loans,'' and 10.427, ``Rural Rental Assistance Payments.''

Paperwork Reduction Act

    The information collection requirements contained in this 
regulation have been approved by the Office of Management and Budget 
(OMB) under the provisions of 44 U.S.C. Chapter 35 and have been 
assigned OMB control number 0575-0033 in accordance with the Paperwork 
Reduction Act of 1980 (U.S.C. 3507). This final rule does not revise or 
impose any new information collection requirements from those 
previously approved by OMB.

Unfunded Mandates Reform Act

    Title II of the Unfunded Mandates Reform Act of 1995 (UMRA), Public 
Law 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, the 
agency 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 the agency 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.

Discussion

    7 CFR 1930.122(b)(4)(i)(A)(1), refers to the ``Government Audit 
Standards (1988 Revision).'' This rulemaking deletes the words ``(1988 
Revision).'' The reason for this rulemaking change is to eliminate 
changes to the RHS regulation because of future revisions to the 
``Government Auditing Standards.''

List of Subjects in 7 CFR Part 1930

    Accounting, Administrative practice and procedure, Grant programs-
Housing and community development, Loan programs-Housing and community 
development, Low and moderate income housing, Reporting and 
recordkeeping requirements.

    Accordingly, chapter XVIII, title 7, Code of Federal Regulations is 
amended as follows:

PART 1930--GENERAL

    1. The authority citation for part 1930 is revised to read as 
follows:

    Authority: 5 U.S.C. 301: 7 U.S.C. 1989; 16 U.S.C. 1005.

Subpart C--Management and Supervision of Multiple Family Housing 
Borrowers and Grant Recipients


Sec. 1930.122  [Amended]

    2. Section 1930.122 (b)(4)(i)(A)(1) is amended by removing the 
reference, ``(1988 Revision).''

    Dated: January 5, 1998.
Jill Long Thompson,
Under Secretary for Rural Development.
[FR Doc. 98-922 Filed 1-13-98; 8:45 am]
BILLING CODE 3410-XV-M