[Federal Register Volume 87, Number 63 (Friday, April 1, 2022)]
[Rules and Regulations]
[Page 18967]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06830]



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 Rules and Regulations
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  Federal Register / Vol. 87, No. 63 / Friday, April 1, 2022 / Rules 
and Regulations  

[[Page 18967]]



DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service

7 CFR Part 4274

[Docket No. RBS-20-BUSINESS-0032]
RIN 0570-AA99


Intermediary Relending Program; Correction

AGENCY: Rural Business-Cooperative Service, Department of Agriculture 
(USDA).

ACTION: Final rule; correcting amendment.

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

SUMMARY: On December 21, 2021, Rural Development's Rural Business-
Cooperative Service (hereinafter referred to as ``the Agency'') 
published a document that completed a revision to the Intermediary 
Relending Program (IRP) regulations to streamline process, provide 
clarity on the daily administration of the program, and incorporate 
program updates. Following the final implementation of the final rule, 
the Agency found that a correction due to an error, is necessary. This 
document corrects the final rule.

DATES: Effective April 1, 2022.

FOR FURTHER INFORMATION CONTACT: For information specific to this 
notice contact Michele Brooks, Director, Regulations Management, Rural 
Development Innovation Center--Regulations Management, USDA, 1400 
Independence Avenue SW, STOP 1522, Room 4266, South Building, 
Washington, DC 20250-1522. Telephone: (202) 690-1078. Email 
[email protected].

SUPPLEMENTARY INFORMATION: The Rural Business-Cooperative Service is 
issuing a correction to the final rule that published December 21, 
2021, at 86 FR 72151. In that rule, an inadvertent error provided an 
incorrect section reference in Sec.  4274.333(b)(4)(iii). This 
correcting amendment provides the proper information.

List of Subjects in 7 CFR Part 4274

    Community development, Loan programs-business, Reporting and 
recordkeeping requirements, Rural areas.

    For the reasons stated in the preamble, the Rural Business-
Cooperative Service corrects 7 CFR part 4274 with the following 
correcting amendment:

PART 4274--DIRECT AND INSURED LOANMAKING

0
1. The authority citation for part 4274 continues to read as follows:

    Authority: 5 U.S.C. 301; 7 U.S.C. 1932 note; 7 U.S.C. 1989.


0
2. Amend Sec.  4274.333 by revising (b)(4)(iii) to read as follows:


Sec.  4274.333  Loan agreements between the Agency and the 
intermediary.

* * * * *
    (b) * * *
    (4) * * *
    (iii) Annual proposed budget for the following year that meets the 
requirements of Sec.  4274.332(b)(2); and
* * * * *

Karama Neal,
Administrator, Rural Business-Cooperative Service, U.S. Department of 
Agriculture.
[FR Doc. 2022-06830 Filed 3-31-22; 8:45 am]
BILLING CODE 3410-XY-P