Operating Fund Program; Transition Funding and Guidance on Demonstration of Successful Conversion to Asset Management to Discontinue the Reduction of Operating Subsidy, 17130 [E6-4892]

Download as PDF 17130 Federal Register / Vol. 71, No. 65 / Wednesday, April 5, 2006 / Notices direct loans that their records will be matched to determine whether they are delinquent or in default on a federal debt. HUD and DOJ will also publish notices concerning routine use disclosures in the Federal Register to inform individuals that a computer match may be performed to determine a loan applicant’s credit status with the federal government. Categories Of Records/Individuals Involved: The debtor records include these data elements from HUD’s systems of records, HUD/Dept-2: SSN, claim number, program code, and indication of indebtedness. Categories of records include: records of claims and defaults, repayment agreements, credit reports, financial statements, and records of foreclosures, and federal judgment liens. Categories of individuals include former mortgagors and purchasers of HUDowned properties, manufactured (mobile) home and home improvement loan debtors who are delinquent or in default on their loans, and rehabilitation loan debtors who are delinquent or in default on their loans, and individuals or corporations against whom judgments have been filed by DOJ. Period of the Match: Matching will begin at least 40 days from the date copies of the signed (by both Data Integrity Boards) computer matching agreements are sent to both Houses of Congress or at least 30 days from the date this notice is published in the Federal Register, whichever is later, providing no comments are received which would result in a contrary determination. The matching program will be in effect and continue for 18 months with an option to renew for 12 additional months unless one of the parties to the agreement advises the other in writing to terminate or modify the agreement. Dated: March 23, 2006. Lisa Schlosser, Chief Information Officer. [FR Doc. E6–4886 Filed 4–4–06; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT wwhite on PROD1PC61 with NOTICES [Docket Number FR–5062–N–01] Operating Fund Program; Transition Funding and Guidance on Demonstration of Successful Conversion to Asset Management to Discontinue the Reduction of Operating Subsidy Office of the Assistant Secretary for Public and Indian Housing; HUD. AGENCY: VerDate Aug<31>2005 16:10 Apr 04, 2006 Jkt 208001 ACTION: Notice. SUMMARY: On September 19, 2005, HUD published a final rule amending the regulations of The Public Housing Operating Funding Program to adopt a new formula for determining the payment of operating subsidy to Public Housing Agencies (PHAs). The September 19, 2005, final rule contained different transition provisions to determine whether a PHA will have a reduction or an increase in operating subsidy. The Operating Fund Program final rule also provides that PHAs may submit documentation of successful conversion to asset management in order to discontinue their reduction in operating subsidy under the new formula, commonly referred to as the ‘‘stop-loss’’ provision. This notice advises the public that HUD has posted a notice on its Web site (www.hud.gov) providing additional guidance on the calculation of transition funding and how PHAs may qualify for the ‘‘stop loss’’ provision. FOR FURTHER INFORMATION CONTACT: Elizabeth Hanson, Deputy Assistant Secretary, Departmental Real Estate Assessment Center, Office of Public and Indian Housing, Department of Housing and Urban Development, 451 Seventh Street, SW., Room 2000; Washington, DC 20410–0500; telephone 202–475– 7949 (this is not a toll-free number). Individuals with speech or hearing impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at 800–877–8339. SUPPLEMENTARY INFORMATION: Interested parties should consult notice posted on the HUD Web site, www.hud.gov, for guidance regarding how transition funding will be calculated, the criteria for successful conversion to asset management, and the procedure for submitting documentation of successful conversion to asset management in order to discontinue a reduction in operating subsidy. The portions of the notice pertaining to ‘‘stop-loss’’ apply only to PHAs that: (1) Lose funding under the new formula; and (2) wish to submit documentation in accordance with the requirements for the first stoploss deadline of October 1, 2006, so they may limit their losses to 5 percent. In order to provide PHAs with sufficient time to prepare for this first stop-loss deadline, HUD has developed the abbreviated requirements set forth in the notice that can be accessed from the HUD Web site. HUD will issue expanded requirements for the subsequent deadline dates to qualify for stop-loss. PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 Dated: March 29, 2006. Orlando J. Cabrera, Assistant Secretary for Public and Indian Housing. [FR Doc. E6–4892 Filed 4–4–06; 8:45 am] BILLING CODE 4210–67–P DEPARTMENT OF THE INTERIOR Geological Survey National Satellite Land Remote Sensing Data Archive (NSLRSDA) Advisory Committee Meeting U.S. Geological Survey Interior. Notice of meeting. AGENCY: ACTION: SUMMARY: The fourth meeting of the third Charter period will be held on April 19 (8 a.m. to 5 p.m.) April 20 (8 a.m. to 5 p.m.) and April 21 (8 a.m. to Noon), 2006, at The Watergate Hotel, 2650 Virginia Avenue, NW., Washington, DC 20037. The Committee, comprised of 15 members from academia, industry, government, information science, natural science, social science, and policy/law, will provide the Department of the Interior and USGS management with advice and consultation on defining and accomplishing the NSLRSDA’s archiving and access goals to carry out the requirements of the Land Remote Sensing Policy Act; on priorities of the NSLRSDA’s tasks; and, on issues of archiving, data management, science, policy, and public-private partnerships. Topics to be reviewed and discussed by the Committee include determining the content of and upgrading the basic data set as identified by the Congress; metadata content and accessibility; product characteristics; availability, and delivery; and, archiving, data access, and distribution policies. Agenda will be finalized at the beginning of the meeting. The meeting is open to all members of the interested public and time on the agenda has been reserved at the conclusion of each day’s work for the Committee to receive verbal comments (limited to 5 minutes per person) from the public. To speak before the Committee, please register in advance with Mr. John Faundeen (see contact information below), the USGS Designated Federal Official (DFO) for the Committee. FOR FURTHER INFORMATION CONTACT: John Faundeen, USGS EROS Archivist, USGS EROS, 47914 252nd Street, Sioux Falls, SD 57198, 605–594–6092, Faundeen@usgs.gov. E:\FR\FM\05APN1.SGM 05APN1

Agencies

[Federal Register Volume 71, Number 65 (Wednesday, April 5, 2006)]
[Notices]
[Page 17130]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-4892]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket Number FR-5062-N-01]


Operating Fund Program; Transition Funding and Guidance on 
Demonstration of Successful Conversion to Asset Management to 
Discontinue the Reduction of Operating Subsidy

AGENCY: Office of the Assistant Secretary for Public and Indian 
Housing; HUD.

ACTION: Notice.

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SUMMARY: On September 19, 2005, HUD published a final rule amending the 
regulations of The Public Housing Operating Funding Program to adopt a 
new formula for determining the payment of operating subsidy to Public 
Housing Agencies (PHAs). The September 19, 2005, final rule contained 
different transition provisions to determine whether a PHA will have a 
reduction or an increase in operating subsidy. The Operating Fund 
Program final rule also provides that PHAs may submit documentation of 
successful conversion to asset management in order to discontinue their 
reduction in operating subsidy under the new formula, commonly referred 
to as the ``stop-loss'' provision. This notice advises the public that 
HUD has posted a notice on its Web site (www.hud.gov) providing 
additional guidance on the calculation of transition funding and how 
PHAs may qualify for the ``stop loss'' provision.

FOR FURTHER INFORMATION CONTACT: Elizabeth Hanson, Deputy Assistant 
Secretary, Departmental Real Estate Assessment Center, Office of Public 
and Indian Housing, Department of Housing and Urban Development, 451 
Seventh Street, SW., Room 2000; Washington, DC 20410-0500; telephone 
202-475-7949 (this is not a toll-free number). Individuals with speech 
or hearing impairments may access this number through TTY by calling 
the toll-free Federal Information Relay Service at 800-877-8339.

SUPPLEMENTARY INFORMATION: Interested parties should consult notice 
posted on the HUD Web site, www.hud.gov, for guidance regarding how 
transition funding will be calculated, the criteria for successful 
conversion to asset management, and the procedure for submitting 
documentation of successful conversion to asset management in order to 
discontinue a reduction in operating subsidy. The portions of the 
notice pertaining to ``stop-loss'' apply only to PHAs that: (1) Lose 
funding under the new formula; and (2) wish to submit documentation in 
accordance with the requirements for the first stop-loss deadline of 
October 1, 2006, so they may limit their losses to 5 percent. In order 
to provide PHAs with sufficient time to prepare for this first stop-
loss deadline, HUD has developed the abbreviated requirements set forth 
in the notice that can be accessed from the HUD Web site. HUD will 
issue expanded requirements for the subsequent deadline dates to 
qualify for stop-loss.

    Dated: March 29, 2006.
Orlando J. Cabrera,
Assistant Secretary for Public and Indian Housing.
 [FR Doc. E6-4892 Filed 4-4-06; 8:45 am]
BILLING CODE 4210-67-P