Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2006; Maximum Portion of Guarantee Authority Available for Fiscal Year 2006, 62294 [05-21588]

Download as PDF 62294 Federal Register / Vol. 70, No. 209 / Monday, October 31, 2005 / Notices matter of public record. Comments will be summarized and included in the submission for Office of Management and Budget approval. Dated: October 25, 2005. James F. Giachino, Designated Federal Official. [FR Doc. 05–21610 Filed 10–28–05; 8:45 am] Signed at Washington, DC, on October 24, 2005. Michael W. Yost, Acting Administrator, Farm Service Agency and Acting Executive Vice President, Commodity Credit Corporation. [FR Doc. 05–21593 Filed 10–28–05; 8:45 am] BILLING CODE 3410–11–M BILLING CODE 3410–05–P DEPARTMENT OF AGRICULTURE Forest Service, USDA. Notice of meeting. SUMMARY: The Tehama County Resource Advisory Committee (RAC) will meet in Red Bluff, California. Agenda items to be covered include: (1) Introductions, (2) Approval of Minutes, (3) Public Comment, (4) Modoc County Speaker, and Tehama County Speaker, (5) SubCommittee Reports, (6) Chairman’s Perspective, (7) General Discussion, (8) County Update, (9) Next Agenda. The meeting will be held on November 10, 2005 from 9 a.m. and end at approximately 12 p.m. DATES: The meeting will be held at the Lincoln Street School, Conference Room A, 1135 Lincoln Street, Red Bluff, CA. Individuals wishing to speak or propose agenda items must send their names and proposals to Jim Giachino, DFO, 825 N. Humboldt Ave., Willows, CA 95988. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Bobbin Gaddini, Committee Coordinator, USDA, Mendocino National Forest, Grindstone Ranger District, PO Box 164, Elk Creek, CA 95939. (530) 968–5329; E-Mail ggaddini@fs.fed.us. The meeting is open to the public. Committee discussion is limited to Forest Service staff and Committee members. However, persons who wish to bring matters to the attention of the Committee may file written statements with the Committee staff before or after the meeting. Public input sessions will be provided and individuals who made written requests by November 7, 2005 will have the opportunity to address the committee at those sessions. SUPPLEMENTARY INFORMATION: VerDate Aug<31>2005 15:29 Oct 28, 2005 Jkt 208001 Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2006; Maximum Portion of Guarantee Authority Available for Fiscal Year 2006 Rural Business-Cooperative Service, USDA. ACTION: Notice. Tehama County Resource Advisory Committee ACTION: Rural Business-Cooperative Service AGENCY: Forest Service AGENCY: DEPARTMENT OF AGRICULTURE SUMMARY: As set forth in 7 CFR 4279.107(b) and 4280.126(c), Rural Development (the Agency) has the authority to charge an annual renewal fee for loans made under the Business and Industry (B&I) Guaranteed Loan Program and the Renewable Energy and Energy Efficiency Improvements (REEEI) Guaranteed Loan Program. Pursuant to that authority, the Agency is establishing the renewal fee rate at onefourth of 1 percent for the B&I Guaranteed Loan Program and oneeighth of 1 percent for the REEEI Guaranteed Loan Program. These rates will apply to all loans obligated in fiscal year (FY) 2006 that are made under the cited programs. As established in 7 CFR 4279.107 and 4280.126, the amount of the fee on each guaranteed loan will be determined by multiplying the fee rate by the outstanding principal loan balance as of December 31, multiplied by the percent of guarantee. As set forth in 7 CFR 4280.126(a), each fiscal year the Agency shall establish the initial guarantee fee rate for loans made under the REEEI Guaranteed Loan Program. Pursuant to that authority, the Agency is establishing the initial guarantee fee rate at 1 percent for loans made in FY 2006. As set forth in 7 CFR 4279.107(a) and 4279.119(b)(4), each fiscal year the Agency shall establish a limit on the maximum portion of B&I guarantee authority available for that fiscal year that may be used to guarantee loans with a B&I guarantee fee of 1 percent or guaranteed loans with a guarantee percentage exceeding 80 percent. Allowing the guarantee fee to be reduced to 1 percent or exceeding the 80 percent guarantee on certain B&I guaranteed loans that meet the conditions set forth in 7 CFR 4279.107 and 4279.119 will increase the Agency’s ability to focus guarantee assistance on projects which the Agency has found PO 00000 Frm 00002 Fmt 4703 Sfmt 4703 particularly meritorious, such as projects in rural communities that remain persistently poor, which experience long-term population decline and job deterioration, are experiencing trauma as a result of natural disaster, or are high impact as defined in 7 CFR 4279.155(b)(5). Not more than 12 percent of the Agency’s quarterly apportioned B&I guarantee authority will be reserved for loan requests with a guarantee fee of 1 percent, and not more than 15 percent of the Agency’s quarterly apportioned guarantee authority will be reserved for guaranteed loan requests with a guaranteed percentage exceeding 80 percent. Once the above quarterly limits have been reached, all additional loans guaranteed during the remainder of that quarter will require a 2 percent guarantee fee and not exceed an 80 percent guarantee limit. Written requests by the Rural Development State Office for approval of a guaranteed loan with a 1 percent guarantee fee or a guaranteed loan exceeding 80 percent must be forwarded to the National Office, Attn: Director, Business and Industry Division, for review and consideration prior to obligation of the guaranteed loan. The Administrator will provide a written response to the State Office confirming approval or disapproval of the request. EFFECTIVE DATE: October 31, 2005. Rick Bonnet, Special Projects/Programs Oversight Division, Rural BusinessCooperative Service, USDA, STOP 3221, 1400 Independence Avenue, SW., Washington, DC 20250–3221, telephone (202) 720–1804. FOR FURTHER INFORMATION CONTACT: This action has been reviewed and determined not to be a rule or regulation as defined in Executive Order 12866 as amended by Executive Order 13258. SUPPLEMENTARY INFORMATION: Dated: October 21, 2005. Peter J. Thomas, Administrator. [FR Doc. 05–21588 Filed 10–28–05; 8:45 am] BILLING CODE 3410–XY–P E:\FR\FM\31OCN1.SGM 31OCN1

Agencies

[Federal Register Volume 70, Number 209 (Monday, October 31, 2005)]
[Notices]
[Page 62294]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-21588]


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DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service


Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2006; 
Maximum Portion of Guarantee Authority Available for Fiscal Year 2006

AGENCY: Rural Business-Cooperative Service, USDA.

ACTION: Notice.

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SUMMARY: As set forth in 7 CFR 4279.107(b) and 4280.126(c), Rural 
Development (the Agency) has the authority to charge an annual renewal 
fee for loans made under the Business and Industry (B&I) Guaranteed 
Loan Program and the Renewable Energy and Energy Efficiency 
Improvements (REEEI) Guaranteed Loan Program. Pursuant to that 
authority, the Agency is establishing the renewal fee rate at one-
fourth of 1 percent for the B&I Guaranteed Loan Program and one-eighth 
of 1 percent for the REEEI Guaranteed Loan Program. These rates will 
apply to all loans obligated in fiscal year (FY) 2006 that are made 
under the cited programs. As established in 7 CFR 4279.107 and 
4280.126, the amount of the fee on each guaranteed loan will be 
determined by multiplying the fee rate by the outstanding principal 
loan balance as of December 31, multiplied by the percent of guarantee.
    As set forth in 7 CFR 4280.126(a), each fiscal year the Agency 
shall establish the initial guarantee fee rate for loans made under the 
REEEI Guaranteed Loan Program. Pursuant to that authority, the Agency 
is establishing the initial guarantee fee rate at 1 percent for loans 
made in FY 2006.
    As set forth in 7 CFR 4279.107(a) and 4279.119(b)(4), each fiscal 
year the Agency shall establish a limit on the maximum portion of B&I 
guarantee authority available for that fiscal year that may be used to 
guarantee loans with a B&I guarantee fee of 1 percent or guaranteed 
loans with a guarantee percentage exceeding 80 percent.
    Allowing the guarantee fee to be reduced to 1 percent or exceeding 
the 80 percent guarantee on certain B&I guaranteed loans that meet the 
conditions set forth in 7 CFR 4279.107 and 4279.119 will increase the 
Agency's ability to focus guarantee assistance on projects which the 
Agency has found particularly meritorious, such as projects in rural 
communities that remain persistently poor, which experience long-term 
population decline and job deterioration, are experiencing trauma as a 
result of natural disaster, or are high impact as defined in 7 CFR 
4279.155(b)(5).
    Not more than 12 percent of the Agency's quarterly apportioned B&I 
guarantee authority will be reserved for loan requests with a guarantee 
fee of 1 percent, and not more than 15 percent of the Agency's 
quarterly apportioned guarantee authority will be reserved for 
guaranteed loan requests with a guaranteed percentage exceeding 80 
percent. Once the above quarterly limits have been reached, all 
additional loans guaranteed during the remainder of that quarter will 
require a 2 percent guarantee fee and not exceed an 80 percent 
guarantee limit.
    Written requests by the Rural Development State Office for approval 
of a guaranteed loan with a 1 percent guarantee fee or a guaranteed 
loan exceeding 80 percent must be forwarded to the National Office, 
Attn: Director, Business and Industry Division, for review and 
consideration prior to obligation of the guaranteed loan. The 
Administrator will provide a written response to the State Office 
confirming approval or disapproval of the request.

Effective Date: October 31, 2005.

FOR FURTHER INFORMATION CONTACT: Rick Bonnet, Special Projects/Programs 
Oversight Division, Rural Business-Cooperative Service, USDA, STOP 
3221, 1400 Independence Avenue, SW., Washington, DC 20250-3221, 
telephone (202) 720-1804.

SUPPLEMENTARY INFORMATION: This action has been reviewed and determined 
not to be a rule or regulation as defined in Executive Order 12866 as 
amended by Executive Order 13258.

    Dated: October 21, 2005.
Peter J. Thomas,
Administrator.
[FR Doc. 05-21588 Filed 10-28-05; 8:45 am]
BILLING CODE 3410-XY-P
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