[Federal Register Volume 66, Number 24 (Monday, February 5, 2001)]
[Rules and Regulations]
[Page 8898]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-2964]


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DEPARTMENT OF THE INTERIOR

Bureau of Indian Affairs

25 CFR Part 103

RIN 1076-AD73


Loan Guaranty, Insurance, and Interest Subsidy: Delay of 
Effective Date

AGENCY: Bureau of Indian Affairs, Interior.

ACTION: Final rule; delay of effective date.

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SUMMARY: In accordance with the memorandum of January 20, 2001, from 
the Assistant to the President and Chief of Staff, entitled 
``Regulatory Review Plan,'' 66 Fed. Reg. 7701 (Jan. 24, 2001), this 
document temporarily delays for 60 days the effective date of the rule 
entitled Loan Guaranty, Insurance, and Interest Subsidy, published in 
the Federal Register on January 17, 2001, at 66 FR 3861. That rule 
concerns implementation of the Bureau's Loan Guaranty, Insurance, and 
Interest Subsidy Program to guarantee or insure loans made by private 
lenders to individual Indians and to organizations of Indians, and to 
assist qualified borrowers with a portion of their interest payments.

DATES: The effective date of the Loan Guaranty, Insurance, and Interest 
Subsidy rule, amending 25 CFR part 103, published in the Federal 
Register on January 17, 2001, at 66 FR 3861, is delayed for 60 days, 
from February 16, 2001 to a new effective date of April 17, 2001.

FOR FURTHER INFORMATION CONTACT: David B. Johnson, Division of Indian 
Affairs, Office of the Solicitor, 202-208-3401.

SUPPLEMENTARY INFORMATION: To the extent that 5 U.S.C. section 553 
applies to this action, the action is exempt from notice and comment 
because it constitutes a rule of procedure under 5 U.S.C. section 
553(b)(A). Alternatively, the Department's implementation of this 
action without opportunity for public comment, effective immediately 
upon publication today in the Federal Register, is based on the good 
cause exceptions in 5 U.S.C. sections 553(b)(3)(B) and 553(d)(3), in 
that seeking public comment is impractical, unnecessary and contrary to 
the public interest. The temporary 60-day delay in effective date is 
necessary to give Department officials the opportunity for further 
review and consideration of new regulations, consistent with the 
Assistant to the President's memorandum of January 20, 2001. Given the 
imminence of the effective date, seeking prior public comment on this 
temporary delay would have been impractical, as well as contrary to the 
public interest in the orderly promulgation and implementation of 
regulations.

    Dated: January 31, 2001.
Timothy S. Elliott,
Acting Deputy Solicitor.
[FR Doc. 01-2964 Filed 2-2-01; 8:45 am]
BILLING CODE 4310-02-M