[Federal Register Volume 81, Number 79 (Monday, April 25, 2016)]
[Notices]
[Page 24058]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09447]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service


Submission for OMB Review; Comment Request

April 19, 2016.
    The Department of Agriculture has submitted the following 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments 
are requested regarding (1) whether the collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility; (2) the 
accuracy of the agency's estimate of burden including the validity of 
the methodology and assumptions used; (3) ways to enhance the quality, 
utility and clarity of the information to be collected; and (4) 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 regarding this information collection received by May 25, 
2016 will be considered. Written comments should be addressed to: Desk 
Officer for Agriculture, Office of Information and Regulatory Affairs, 
Office of Management and Budget (OMB), New Executive Office Building, 
725-17th Street NW., Washington, DC 20502. Commenters are encouraged to 
submit their comments to OMB via email to: [email protected] 
or fax (202) 395-5806 and to Departmental Clearance Office, USDA, OCIO, 
Mail Stop 7602, Washington, DC 20250-7602. Copies of the submission(s) 
may be obtained by calling (202) 720-8958.
    An agency may not conduct or sponsor a collection of information 
unless the collection of information displays a currently valid OMB 
control number and the agency informs potential persons who are to 
respond to the collection of information that such persons are not 
required to respond to the collection of information unless it displays 
a currently valid OMB control number.

Rural Housing Service

    Title: 7 CFR 1951-F, Analyzing Credit Needs and Graduation Review.
    OMB Control Number: 0575-0093.
    Summary of Collection: Section 333 of the Consolidated Farm and 
Rural Development Act and Section 502 of the Housing Act of 1949, 
requires the Rural Housing Service (RHS), to graduate their direct loan 
borrowers to other credit when they are able to do so. Graduation is an 
integral part of Agency lending, as Government loans are not meant to 
be extended beyond a borrower's need for subsidized rates of non-market 
terms. The notes, security instruments, or loan agreements of most 
borrowers require borrowers to refinance their Agency loans when other 
credit becomes available at reasonable rates and terns. If the borrower 
finds other credit is not available at reasonable rates and terms, the 
Agency will continue to review the borrower for possible graduation at 
periodic intervals. Information will be collected from the borrowers 
concerning their loans.
    Need and Use of the Information: The information submitted by RHS 
borrowers to Agency offices is used to graduate direct borrowers to 
private credit with or without the use of Agency loan guarantees. At 
minimum, the financial information must include a balance sheet and an 
income statement. Other financial data collected will include 
information such as income, farm operating expenses, asset values, and 
liabilities.
    Description of Respondents: Business or other for-profit.
    Number of Respondents: 256.
    Frequency of Responses: Reporting: Annually.
    Total Burden Hours: 522.

Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. 2016-09447 Filed 4-22-16; 8:45 am]
 BILLING CODE 3410-XV-P