[Federal Register Volume 70, Number 43 (Monday, March 7, 2005)]
[Rules and Regulations]
[Page 10862]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-4323]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service

7 CFR Part 1924

RIN 0575-AC60


Withdrawal of Direct Final Rule for Surety Requirements

AGENCY: Rural Housing Service, USDA.

ACTION: Withdrawal of direct final rule.

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SUMMARY: The Rural Housing Service (RHS) is withdrawing the direct 
final rule to change the threshold for surety requirements, published 
on January 7, 2005 (70 FR 1325-26). RHS stated in the direct final rule 
that if it received adverse comments by March 8, 2005, the agency would 
publish a timely notice of withdrawal in the Federal Register. RHS 
subsequently received adverse comments and, therefore, is withdrawing 
the direct final rule.

DATES: Effective Date: The direct final rule published on January 7, 
2005, at 70 FR 1325-26 is withdrawn as of March 7, 2005.

FOR FURTHER INFORMATION CONTACT: Michel Mitias, Technical Support 
Branch, Program Support Staff, Rural Housing Service, U.S. Department 
of Agriculture, STOP 0761, 1400 Independence Avenue SW., Washington, DC 
20250-0761; Telephone: 202-720-9653; FAX: 202-690-4335; E-mail: 
[email protected].

SUPPLEMENTARY INFORMATION: RHS published a direct final rule amending 
its regulations to change the threshold for surety requirements 
guaranteeing payment and performance from a $100,000 contract amount to 
the maximum Rural Development Single Family Housing area lending limit. 
RHS received adverse comments on this direct final rule. Therefore, the 
agency is withdrawing the direct final rule. The regulations addressing 
surety requirements will not take effect on April 7, 2005.

List of Subjects in 7 CFR Part 1924

    Agriculture, Construction management, Construction and repair, 
Energy conservation, Housing, Loan programs--Agriculture, Low and 
moderate income housing.

    Dated: February 24, 2005.
Rodney E. Hood,
Acting Administrator, Rural Housing Service.
[FR Doc. 05-4323 Filed 3-4-05; 8:45 am]
BILLING CODE 3410-XV-P