[Federal Register Volume 87, Number 135 (Friday, July 15, 2022)]
[Rules and Regulations]
[Page 42297]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15105]



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 Rules and Regulations
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  Federal Register / Vol. 87, No. 135 / Friday, July 15, 2022 / Rules 
and Regulations  

[[Page 42297]]



DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service

Rural Housing Service

Rural Utilities Service

7 CFR Part 5001

[Docket No. RUS-19-Agency-0030]
RIN 0572-AC56


OneRD Guaranteed Loan Regulation, Corrections

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

ACTION: Final rule; technical correction.

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

SUMMARY: On December 10, 2021, Rural Development's Rural Business-
Cooperative Service, Rural Housing Service, and Rural Utilities Service 
(referred to as ``the Agency'' or ``Agency'') published a final rule 
with comment for the OneRD Guaranteed Loan regulation (OneRD). The 
final rule made necessary revisions to the policy and procedures that 
strengthened the oversight and management of the growing Community 
Facilities, Water and Waste Disposal, Business and Industry, and Rural 
Energy for America guarantee portfolios. Following final implementation 
of the rule, the Agency found that a correction due to an omission is 
necessary. This technical correction makes an amendment to fix a 
paragraph reference.

DATES: Effective July 15, 2022.

FOR FURTHER INFORMATION CONTACT: For questions on this document contact 
Susan Woolard, Special Projects Coordinator, Rural Development 
Innovation Center, U.S. Department of Agriculture, 1400 Independence 
Ave. SW, Stop 1522, Washington, DC 20250; telephone, 202-720-9631; 
email, [email protected].

SUPPLEMENTARY INFORMATION: The Agency is issuing a technical correction 
to the final rule that published December 10, 2021, at 86 FR70349 that 
amended 7 CFR part 5001. This correction amends Sec.  5001.126 by 
updating the cross-references within paragraph (e) to reflect the 
changes to this paragraph the Agency made in the December 2021 rule.

List of Subjects in 7 CFR Part 5001

    Business and industry, Community facility, Energy efficiency 
improvement, Loan programs, Renewable energy, Rural areas, Rural 
development, Water and waste disposal.

    For the reasons stated in the preamble, the Agency corrects 7 CFR 
part 5001 with the following technical amendment:

0
1. The authority citation for part 5001 continues to read as follows:

    Authority: 5 U.S.C. 301; 7 U.S.C. 1926(a); 7 U.S.C. 1932(a); and 
7 U.S.C. 8107.


0
2. Amend Sec.  5001.126 by revising paragraph (e) introductory text to 
read as follows:


Sec.  5001.126  Borrower Eligibility.

* * * * *
    (e) REAP loan guarantees. To be eligible for a loan guarantee under 
REAP, a borrower must meet the requirements specified in paragraphs 
(e)(1) through (5) of this section.
* * * * *

Justin Maxson,
Deputy Under Secretary, Rural Development.
[FR Doc. 2022-15105 Filed 7-14-22; 8:45 am]
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