[Federal Register Volume 84, Number 87 (Monday, May 6, 2019)]
[Notices]
[Pages 19753-19754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09157]
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DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
May 1, 2019.
The Department of Agriculture has submitted the following
information collection requirement(s) to Office of Management and
Budget (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; (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.
[[Page 19754]]
Comments regarding this information collection received by June 5,
2019 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 Utilities Service
Title: Request for Release of Lien and/or Approval of Sale.
OMB Control Number: 0572-0041.
Summary of Collection: The Rural Utilities Service (RUS) is a
credit agency of the U.S. Department of Agriculture (USDA) that makes
mortgage loans and loan guarantees to finance electric,
telecommunications, and water and waste facilities in rural areas. RUS
manages loan programs in accordance with the Rural Electrification Act
(RE Act) of 1936, 7 U.S.C. 901 et seq., as amended (RE Act). A 1949
amendment to the RE Act established the telephone program in RUS with
the purpose of making loans to furnish and improve rural telephone
service. Section 201 of the RE Act provides that loans shall not be
made unless RUS finds and certifies that the security for the loan is
reasonably adequate and that the loan will be repaid within the time
agreed. In addition to providing loans and loan guarantees, one of RUS
main objectives is to safeguard loan security until the loan is repaid.
Need and Use of the Information: A borrower's assets provide the
security for a Government loan. The selling of assets reduces the
security and increases the risk of loss to the Government. A borrower
seeking permission to sell some of its assets uses RUS Form 793. The
form contains detailed information regarding the proposed sale. If the
information in Form 793 is not collected when capital assets are sold,
the capital assets securing the Government's loans could be liquidated
and the Government's security either eliminated entirely or diluted to
an undesirable level. This increases the risk of loss to the Government
in the case of a default.
Description of Respondents: Businesses or other for-profits; Not-
for-profit institutions.
Number of Respondents: 35.
Frequency of Responses: Reporting: On occasion.
Total Burden Hours: 270.
Kimble Brown,
Departmental Information Collection Clearance Officer.
[FR Doc. 2019-09157 Filed 5-3-19; 8:45 am]
BILLING CODE 3410-15-P