[Federal Register Volume 76, Number 168 (Tuesday, August 30, 2011)]
[Notices]
[Page 53931]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-22174]



[[Page 53931]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5538-D-01]


Consolidated Delegation of Authority to the President of the 
Government National Mortgage Association

AGENCY: Office of the Secretary, HUD.

ACTION: Notice of Delegation of Authority.

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SUMMARY: This notice is issued to consolidate the authorities delegated 
to the President of the Government National Mortgage Association (GNMA) 
from the Secretary; and to provide context and clarity for the 
President of GNMA's redelegation of authority being published by 
separate notice in today's Federal Register.

DATES: Effective Date: August 19, 2011.

FOR FURTHER INFORMATION CONTACT: Gregory A. Keith, Senior Vice 
President, Government National Mortgage Association, Department of 
Housing and Urban Development, Chief Risk Officer, Potomac Center 
South, 550 12th Street, SW., 3rd Floor, Washington, DC 20024, telephone 
number 202-475-4918 (this is not a toll-free number). This number may 
be accessed through TTY by calling the toll-free Federal Relay Service 
at 800-877-8339.

SUPPLEMENTARY INFORMATION: GNMA is a wholly owned Government 
Corporation within the U.S. Department of Housing and Urban 
Development. GNMA's organic statute vests all the powers and duties of 
GNMA in the Secretary of HUD. (12 U.S.C. 1723.)
    In GNMA's bylaws, the Secretary has delegated all of the powers and 
duties of GNMA that were vested in the Secretary to GNMA. In various 
Federal Register notices, the Secretary has delegated authority over 
GNMA to the GNMA President. Specifically, the Secretary has delegated: 
(1) All of the Secretary's authority with respect to managing GNMA and 
GNMA's programs pursuant to Title III of the National Housing Act (12 
U.S.C. 1723 and 68 FR 41840); (2) authority to waive regulations issued 
by the U.S. Department of Housing and Urban Development (73 FR 76674); 
(3) authority to impose suspensions and debarments, with the 
concurrence of the General Counsel or his or her designee (54 FR 4913 
and 63 FR 57133); and (4) the power to affix HUD's seal and 
authenticate documents (68 FR 41840).
    This notice does not supersede previous delegations of authority, 
but consolidates the functions that the Secretary has delegated to the 
President of GNMA, and relates to GNMA's redelegation of authority 
being published by separate notice in today's Federal Register. 
Further, while the Secretary has delegated its authority to the GNMA 
President, the Secretary retains authority under 12 U.S.C. 1723.

Section A. Consolidation of Authority Delegated

    The Secretary hereby consolidates the following delegations to the 
President of GNMA:
    1. All powers and duties of GNMA, which are by law vested in the 
Secretary, except as otherwise provided in the GNMA bylaws (12 U.S.C. 
1723 and 24 CFR part 310, Sec.  1.02);
    2. All authority of the Secretary with respect to the management of 
GNMA and GNMA programs pursuant to Title III of the National Housing 
Act, 12 U.S.C. 1723 (68 FR 41840);
    3. The power to waive HUD regulations; Section 7(q), Department of 
Housing and Urban Development (42 U.S.C. 3535(q) and 73 FR 76674);
    4. The power to impose suspensions and debarments, with the 
concurrence of the General Counsel; Section 7(d), Department of Housing 
and Urban Development Act (42 U.S.C. 3535(d); 54 FR 4913 and 63 FR 
57133); and
    5. Authority to authenticate documents and affix the seal of HUD to 
documents (68 FR 41840).

 Section B. Authority To Redelegate

    The GNMA President may redelegate the authorities delegated by the 
Secretary, with the exception of the authority to waive HUD 
regulations. The GNMA President's authority to waive HUD regulations 
cannot be redelegated by the GNMA President. This authority is reserved 
for the GNMA President pursuant to the Department of Housing and Urban 
Development Act (42 U.S.C. 3535(q)). If the President is absent from 
office, the person authorized to act in the President's absence may 
exercise the waiver authority of the President consistent with HUD's 
policies and procedures (73 FR 76674 and 66 FR 13944).

    Dated: August 19, 2011.
Shaun Donovan,
Secretary.
[FR Doc. 2011-22174 Filed 8-29-11; 8:45 am]
BILLING CODE 4219-67-P