[Federal Register Volume 81, Number 188 (Wednesday, September 28, 2016)]
[Rules and Regulations]
[Page 66500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-23228]



[[Page 66500]]

-----------------------------------------------------------------------

DEPARTMENT OF AGRICULTURE

Rural Housing Service

Rural Business-Cooperative Service

Rural Utilities Service

Farm Service Agency

7 CFR Part 1940

RIN 0570-AA30


Methodology and Formulas for Allocation of Loan and Grant Program 
Funds; Correction

AGENCY: Rural Housing Sevice, Rural Business-Cooperative Service, Rural 
Utilities Service, and Farm Service Agency, USDA.

ACTION: Correcting amendment.

-----------------------------------------------------------------------

SUMMARY: This document contains a correction to 7 CFR part 1940, 
subpart L, ``Methodology and Formulas for Allocation of Loan and Grant 
Program Funds'' to provide reference to the Rural Business Development 
Program, which replaced the Rural Business Enterprise Grant program and 
the Rural Business Opportunity Grant program.

DATES: Effective on September 28, 2016.

FOR FURTHER INFORMATION CONTACT: Kristi Kubista-Hovis, Rural 
Development, Business Programs, U.S. Department of Agriculture, 1400 
Independence Avenue SW., STOP 3226, Washington, DC 20250-3225; 
telephone (202) 720-0424; email [email protected]./gov.

SUPPLEMENTARY INFORMATION: 

Background

    The Agricultural Act of 2014 (2014 Farm Bill) directed the Agency 
to combine the Rural Business Enterprise Grant (RBEG) program and the 
Rural Business Opportunity Grant (RBOG) program into a single new 
program entitled the Rural Business Development Grant (RBDG) program. 
The Agency issued an interim rule with request for comment on March 25, 
2015 (80 FR 15665) establishing the RBDG program and removing the 
applicable provisions associated with the RBEG and RBOG programs. In 
the interim rule, the Agency inadvertently did not update the title to 
7 CFR 1940.588 to reflect the replacement of the RBEG and RBOG programs 
with the new RBDG program. To correct this oversight, the Agency is 
revising the title to 7 CFR 1940.588. This correction has no 
substantive effect on how State allocations are made for the RBDG 
program.

Need for Correction

    As found in the Code of Federal Regulations, the title to 7 CFR 
1940.588 contains reference to two programs (i.e., RBEG and RBOG) that 
no longer exist as stand-alone programs and does not reference their 
replacement program (i.e., the RBDG program). This technical change is 
necessary to claify how the Agency allocates funds for the RBDG program 
and to remove reference to programs that no longer exist.

List of Subjects in 7 CFR Part 1940

    Administrative practice and procedure, Agriculture, Allocations, 
Grant programs--Housing and community development, Loan programs--
Agriculture, Rural areas.

    Accordingly, 7 CFR part 1940 is corrected by making the following 
correcting amendment:

PART 1940--GENERAL

0
1. The authority citation for part 1940 continues to read as follows:

    Authority: 5 U.S.C. 301; 7 U.S.C. 1989; 42 U.S.C. 1480.


0
2. Revise the heading for Sec.  1940.588 to read as follows:


Sec.  1940.588  Business and Industry Guaranteed and Direct Loans, 
Rural Business Development Grants, and Intermediary Relending Program.

* * * * *

    Dated: September 9, 2016.
Lisa Mensah,
Under Secretary, Rural Development.
    Dated: September 16, 2016.
Alexis M. Taylor,
Deputy Under Secretary, Farm and Foreign Agricultural Services.
[FR Doc. 2016-23228 Filed 9-27-16; 8:45 am]
BILLING CODE 3410-XY-P