[Federal Register Volume 87, Number 139 (Thursday, July 21, 2022)]
[Notices]
[Pages 43494-43495]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15607]


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DEPARTMENT OF AGRICULTURE

Rural Utilities Service

[Docket No. RUS-22-Agency-0034]


60-Day Notice of Proposed Information Collection: Lien 
Accommodations and Subordinations

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice; request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, as 
amended, the United States Department of Agriculture (USDA) Rural 
Utilities Service (RUS) announces its' intention to request an 
extension of a currently approved information collection and invites 
comments on this information collection.

DATES: Comments on this notice must be received by September 19, 2022 
to be assured of consideration.

ADDRESSES: Comments may be submitted electronically by the Federal 
eRulemaking Portal: Go to http://www.regulations.gov and, in the 
``Search Field'' box, labeled ``Search for Rules, Proposed Rules, 
Notices or Supporting Documents,'' enter the following docket number: 
(RUS-22-

[[Page 43495]]

Agency-0034). To submit or view public comments, click the ``Search'' 
button, select the ``Documents'' tab, then select the following 
document title: (60-Day Notice of Proposed Information Collection: Lien 
Accommodations and Subordinations; 7 CFR 1717, subparts R & S; OMB 
Control No.: 0572-0100) from the ``Search Results'' and select the 
``Comment'' button. Before inputting your comments, you may also review 
the ``Commenter's Checklist'' (optional). Insert your comments under 
the ``Comment'' title, click ``Browse'' to attach files (if available). 
Input your email address and select ``Submit Comment.''
    Information on using Regulations.gov, including instructions for 
accessing documents, submitting comments, and viewing the docket after 
the close of the comment period, is available through the site's 
``FAQ'' link.
    Other Information: Additional information about Rural Development 
and its programs is available on the internet at https://www.rd.usda.gov.
    All comments will be available for public inspection online at the 
Federal eRulemaking Portal (https://www.regulations.gov).

FOR FURTHER INFORMATION CONTACT: Crystal Pemberton, Management Analyst, 
Branch 1, Rural Development Innovation Center--Regulations Management 
Division, United States Department of Agriculture, 1400 Independence 
Avenue SW, South Building, Washington, DC 20250-1522. Telephone: 202-
260-8621. Email: [email protected].

SUPPLEMENTARY INFORMATION: The Office of Management and Budget's (OMB) 
regulation (5 CFR part 1320) implementing provisions of the Paperwork 
Reduction Act of 1995 (Pub. L. 104-13) requires that interested members 
of the public and affected agencies have an opportunity to comment on 
information collection and recordkeeping activities (see 5 CFR 
1320.8(d)). This notice identifies the following information collection 
that RUS is submitting to OMB as extension to an existing collection 
with Agency adjustment.
    Title: Lien Accommodations and Subordinations; 7 CFR 1717, Subparts 
R & S.
    OMB Control Number: 0572-0100.
    Expiration Date of Approval: November 30, 2022.
    Type of Request: Revision of a currently approved collection.
    Estimate of Burden: Public Reporting burden for this collection of 
information is estimated to average 19 hours per response.
    Respondents: Not-for-profit institutions; Business or other for 
profit.
    Estimated Number of Respondents: 1.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Burden on Respondents: 19 hours.
    Abstract: The Rural Electrification Act of 1936 (The RE Act), as 
amended (7 U.S.C. 901 et seq.), authorizes and empowers the 
Administrator of RUS to make loans in the several United States and 
Territories of the United States for rural Electrification and the 
furnishing of electric energy to persons in rural areas who are not 
receiving central station service. The RE Act also authorizes and 
empowers the Administrator of RUS to provide financial assistance to 
borrowers for purposes provided in the RE Act by accommodating or 
subordinating loans made by the national Rural Utilities Cooperative 
Finance Corporation, the Federal Financing Bank, and other lending 
agencies. Title 7 CFR part 1717, subparts R & S sets forth policy and 
procedures to facilitate and support borrowers' efforts to obtain 
private sector financing of their capital needs, to allow borrowers 
greater flexibility in the management of their business affairs without 
compromising RUS loan security, and to reduce the cost to borrowers, in 
terms of time, expenses and paperwork, of obtaining lien accommodations 
and subordinations. The information required to be submitted is limited 
to necessary information that would allow the Agency to make a 
determination on the borrower's request to subordinate and accommodate 
their lien with other lenders.
    Comments are invited on:
    (a) 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;
    (b) the accuracy of the agency's estimate of the burden of the 
collection of information including the validity of the methodology and 
assumptions used;
    (c) ways to enhance the quality, utility and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
appropriate automated, electronic, mechanical, or other technological 
collection techniques or other forms of information technology. All 
responses to this notice will be summarized and included in the request 
for OMB approval. All comments will become a matter of public record.
    Copies of this information collection can be obtained from Crystal 
Pemberton, Regulations Team, Innovation Center, at email: 
[email protected]. All responses to this notice will be 
summarized and included in the request for OMB approval. All comments 
will also become a matter of public record.

Christopher A. McLean,
Acting Administrator, Rural Utilities Service.
[FR Doc. 2022-15607 Filed 7-20-22; 8:45 am]
BILLING CODE 3410-15-P