[Federal Register Volume 81, Number 13 (Thursday, January 21, 2016)]
[Notices]
[Page 3377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-01074]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Notice of Request for Extension of a Currently Approved 
Information Collection

AGENCY: 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 Rural Housing Agency's (RHS) intention to request 
an extension of 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 March 21, 2016, to 
be assured of consideration.

FOR FURTHER INFORMATION CONTACT: Anita Outen, Community Programs, Rural 
Housing Service, U.S. Department of Agriculture, Stop 0787, 1400 
Independence Ave. SW., Washington, DC 20250-0787, Telephone (202) 720-
1507, Email: Anita. [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: June 30, 2016.
    Type of Request: Extension of 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: 256.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Responses: 266.
    Estimated Total Annual Burden on Respondents: 522.
    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: January 13, 2016.
Tony Hernandez,
Administrator, Rural Housing Service.
[FR Doc. 2016-01074 Filed 1-20-16; 8:45 am]
 BILLING CODE 3410-XY-P