[Federal Register Volume 77, Number 235 (Thursday, December 6, 2012)]
[Notices]
[Page 72815]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29526]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Request for Extension of a Currently Approved 
Information Collection

AGENCIES: Rural Housing Service, USDA.

ACTION: Proposed collection; comments requested.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Agencies' intention to request an extension for a 
currently approved information collection in support of the program for 
7 CFR part 1951, subpart F, ``Analyzing Credit Needs and Graduation of 
Borrowers.''

DATES: Comments on this notice must be received by February 4, 2013 to 
be assured of consideration.

FOR FURTHER INFORMATION CONTACT: Susan Woolard, Community Programs 
Specialist, Rural Housing Service, U.S. Department of Agriculture, STOP 
0787, 1400 Independence Ave. SW., Washington, DC 20250-0787, telephone: 
(202) 720-1506, email: [email protected].

SUPPLEMENTARY INFORMATION:
    Title: 7 CFR, part 1951, subpart F, ``Analyzing Credit Needs and 
Graduation of Borrowers''.
    OMB Number: 0575-0093.
    Expiration Date of Approval: January 31, 2013.
    Type of Request: Extension of a currently approved information 
collection.
    Abstract: Section 333 of the Consolidated Farm and Rural 
Development Act (CONACT) (7 U.S.C. 1983) requires the Agencies to 
``graduate'' their direct loan borrowers to other credit when they are 
able to do so. Graduation is required because the Government loans are 
not to be extended beyond a borrower's need for subsidized rates or 
Government credit. Borrowers must refinance their direct Government 
loan when other credit becomes available at reasonable rates and terms.
    If other credit is not available, the Agencies will continue to 
review the account for possible graduation at periodic intervals. The 
information collected to carry out these statutory mandates is 
financial data such as amount of income, operating expenses, asset 
values and liabilities. This information collection is then submitted 
by the Agencies to private creditors.
    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average 2 hours per response.
    Respondents: Public bodies, not for profits, or Indian Tribes.
    Estimated Number of Respondents: 319.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Responses: 319.
    Estimated Total Annual Burden on Respondents: 638.
    Copies of this information collection can be obtained from Jeanne 
Jacobs, Regulations and Paperwork Management Branch, at (202) 692-0040.
    Comments:
    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the Agencies, including whether the information will have practical 
utility; (b) the accuracy of the Agencies' estimate of the burden of 
the proposed collection of information including the validity of the 
methodology and assumptions used; (c) ways to enhance the quality, 
utility, and clarity of the information to be collected; and (d) ways 
to minimize the burden of the collection of information on those who 
are to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology. Comments may be sent to Jeanne 
Jacobs, Regulations and Paperwork Management Branch, U.S. Department of 
Agriculture, Rural Development, STOP 0742, 1400 Independence Ave. SW., 
Washington, DC 20250.
    All responses to this notice will be summarized and included in the 
request for OMB approval. All comments will also become a matter of 
public record.

    Dated: November 29, 2012.
Tammye Trevi[ntilde]o,
Administrator, Rural Housing Service.
[FR Doc. 2012-29526 Filed 12-5-12; 8:45 am]
BILLING CODE 3410-XV-P