[Federal Register Volume 65, Number 25 (Monday, February 7, 2000)]
[Rules and Regulations]
[Pages 5738-5739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-2544]


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FEDERAL HOUSING FINANCE BOARD

12 CFR Part 936

[No. 2000-04]
RIN 3069-AA95


Information Collection Approval; Technical Amendment to Community 
Support Requirements Rule

AGENCY:  Federal Housing Finance Board.

ACTION:  Final rule.

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SUMMARY:  Under the Paperwork Reduction Act of 1995 (Act), the Office 
of Management and Budget (OMB) has approved a three-year extension of 
the information collection contained in the Federal Housing Finance 
Board's (Finance Board) community support requirements regulation and 
community support statement form. The OMB control number approving the 
information collection now expires on January 31, 2003. In accordance 
with the requirements of the Act, the Finance Board is amending the 
community support requirements rule to reflect this new expiration 
date.

EFFECTIVE DATE:  The final rule will become effective on February 7, 
2000.

FOR FURTHER INFORMATION CONTACT:  Emma J. Fitzgerald, Program Analyst, 
Program Assistance Division, Office of Policy, Research and Analysis, 
by telephone at 202/408-2874, by electronic mail at 
[email protected], or by regular mail at the Federal Housing Finance 
Board, 1777 F Street, N.W., Washington, D.C. 20006. A 
telecommunications device for deaf persons (TDD) is available at 202/
408-2579.

SUPPLEMENTARY INFORMATION:

I. Background

    In order to extend the expiration date of the OMB control number 
approving the information collection contained in its community support 
requirements regulation and community support statement form, the 
Finance Board published requests for public comments regarding the 
information collection in the Federal Register on June 30 and November 
15, 1999. See 64 FR 35157 (June 30, 1999) and 64 FR 61877 (Nov. 15, 
1999). The Finance Board also submitted an analysis of the information 
collection, entitled ``Community Support Requirements,'' to the OMB for 
review and approval. The OMB has approved a three-year extension of the 
information collection under OMB control number 3069-0003. The OMB 
control number now expires on January 31, 2003.
    Under the Act and the OMB's implementing regulation, 44 U.S.C. 3507 
and 5 CFR 1320.5, an agency may not sponsor or conduct, and a person is 
not required to respond to, an information collection unless the 
regulation or form collecting the information displays a currently 
valid OMB control number. Accordingly, the Finance Board is amending 
the community support requirements rule and community support statement 
form to reflect the new expiration date of the OMB control number.

[[Page 5739]]

II. Notice and Public Participation

    Because the effectiveness of the information collection contained 
in the community support requirements rule and community support 
statement form must be maintained, the Finance Board for good cause 
finds that the notice and public procedure requirements of the 
Administrative Procedures Act are impracticable, unnecessary, or 
contrary to the public interest. See 5 U.S.C. 553(b)(3)(B).

III. Effective Date

    For the reasons stated in part II above, the Finance Board for good 
cause finds that the final rule should become effective on February 7, 
2000. See 5 U.S.C. 553(d)(3).

IV. Regulatory Flexibility Act

    The provisions of the Regulatory Flexibility Act do not apply since 
this technical amendment to the community support requirements rule 
does not require publication of a notice of proposed rulemaking. See 5 
U.S.C. 601(2) and 603(a).

V. Paperwork Reduction Act

    The rule does not contain any collections of information pursuant 
to the Paperwork Reduction Act of 1995. See 44 U.S.C. 3501 et seq. 
Consequently, the Finance Board has not submitted any information to 
the Office of Management and Budget for review.

List of Subjects in 12 CFR Part 936

    Credit, Federal home loan banks, Housing, Reporting and 
recordkeeping requirements.

    For the reasons stated in the preamble, the Finance Board hereby 
amends 12 CFR part 936 as follows:

PART 936--COMMUNITY SUPPORT REQUIREMENTS

    1. Revise the authority citation for part 936 to read as follows:

    Authority:  12 U.S.C. 1422a(a)(3)(B), 1422b(a)(1), and 1430(g).


Secs. 936.2, 936.3, 936.5  [Amended]

    2. Revise the parenthetical statement that appears after 
Secs. 936.2, 936.3, and 936.5 to read as follows:

(The Office of Management and Budget has approved the information 
collection contained in this section and assigned control number 
3069-0003 with an expiration date of January 31, 2003.)


Sec. 936.4  [Amended]

    3. Add a parenthetical statement immediately after Sec. 936.4 to 
read as follows:

(The Office of Management and Budget has approved the information 
collection contained in this section and assigned control number 
3069-0003 with an expiration date of January 31, 2003.)

    By the Board of Directors of the Federal Housing Finance Board.

    Dated: January 27, 2000.
Bruce A. Morrison,
Chairman.
[FR Doc. 00-2544 Filed 2-4-00; 8:45 am]
BILLING CODE 6725-01-P