Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2007; Maximum Portion of Guarantee Authority Available for Fiscal Year 2007, 1979 [E7-504]
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Federal Register / Vol. 72, No. 10 / Wednesday, January 17, 2007 / Notices
DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Guarantee Fee Rates for Guaranteed
Loans for Fiscal Year 2007; Maximum
Portion of Guarantee Authority
Available for Fiscal Year 2007
Rural Business-Cooperative
Service, USDA.
ACTION: Notice.
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AGENCY:
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 (9006)
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 9006
Guaranteed Loan Program. These rates
will apply to all loans obligated in fiscal
year (FY) 2007 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 9006
Guaranteed Loan Program. Pursuant to
that authority, the Agency is
establishing the initial guarantee fee rate
at 1 percent for loans made in FY 2007.
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. For 1 percent
fees, the borrower’s business supports
value-added agriculture and results in
farmers benefiting financially, or such
projects are high impact as defined in 7
CFR 4279.155(b)(5) and located in rural
communities that remain persistently
VerDate Aug<31>2005
13:58 Jan 16, 2007
Jkt 211001
poor, which experience long-term
population decline and job
deterioration, are experiencing trauma
as a result of natural disaster, or are
experiencing fundamental structural
changes in its economic base. For
guaranteed loans exceeding 80 percent,
such projects must be a high-priority
project in accordance with 7 CFR
4279.155.
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 respective quarterly
limits are reached, all additional loans
for that quarter will be at the standard
fee and guarantee limits in 7 CFR part
4279. As an exception to this paragraph
and for the purposes of this notice,
loans developed by the North American
Development Bank (NADBank)
Community Adjustment and Investment
Program (CAIP) will not count against
the 15 percent limit. Up to 50 percent
of CAIP loans may have a guaranteed
percentage exceeding 80 percent. The
funding authority for CAIP loans is not
derived carryover or recovered funding
authority of the B&I Guaranteed Loan
Program.
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: January 17, 2007.
FOR FURTHER INFORMATION CONTACT: Fred
Kieferle, USDA, Rural Development,
Business Programs, Business and
Industry Division, Stop 3224, 1400
Independence Avenue, SW.,
Washington, DC 20250–3224, telephone
(202) 720–7818.
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: January 5, 2007.
Jackie J. Gleason,
Administrator, Rural Business-Cooperative
Service.
[FR Doc. E7–504 Filed 1–16–07; 8:45 am]
BILLING CODE 3410–XY–P
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Fmt 4703
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1979
DEPARTMENT OF COMMERCE
Census Bureau
[Docket No.: 061213333–6333–01]
Privacy Act of 1974: System of
Records
U.S. Census Bureau,
Commerce.
ACTION: Notice; COMMERCE/CENSUS–
10, ‘‘American Community Survey.’’
AGENCY:
SUMMARY: The Department of Commerce
(Commerce) publishes this notice to
announce the effective date of a Privacy
Act System of Records notice entitled
COMMERCE/CENSUS–10, ‘‘American
Community Survey.’’
DATES: The system of records becomes
effective on January 17, 2007.
ADDRESSES: For a copy of the system of
records please mail requests to Gerald
W. Gates, Chief Privacy Officer, U.S.
Census Bureau, Washington, DC 20233,
301–763–2515.
FOR FURTHER INFORMATION CONTACT:
Gerald W. Gates, Chief Privacy Officer,
U.S. Census Bureau, Washington, DC
20233, 301–763–2515.
SUPPLEMENTARY INFORMATION: On June
29, 2006, the Commerce Department
published and requested comments on a
proposed new Privacy Act System of
Records notice entitled COMMERCE/
CENSUS–10, ‘‘American Community
Survey.’’ No comments were received in
response to the request for comments.
By this notice, the Department is
adopting the proposed system as final
without changes effective January 17,
2007.
Dated: January 10, 2007.
Brenda Dolan,
Department of Commerce Freedom of
Information and Privacy Act Officer.
[FR Doc. E7–492 Filed 1–16–07; 8:45 am]
BILLING CODE 3510–07–P
DEPARTMENT OF COMMERCE
International Trade Administration
(A–122–822)
Certain Corrosion–Resistant Carbon
Steel Flat Products from Canada:
Notice of Rescission of Antidumping
Duty Administrative Review
Import Administration,
International Trade Administration,
U.S. Department of Commerce.
EFFECTIVE DATE: January 17, 2007.
FOR FURTHER INFORMATION CONTACT:
Douglas Kirby or Myrna Lobo, AD/CVD
Operations, Office 6, Import
AGENCY:
E:\FR\FM\17JAN1.SGM
17JAN1
]]>Agencies
[Federal Register Volume 72, Number 10 (Wednesday, January 17, 2007)]
[Notices]
[Page 1979]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-504]
[[Page 1979]]
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DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2007;
Maximum Portion of Guarantee Authority Available for Fiscal Year 2007
AGENCY: Rural Business-Cooperative Service, USDA.
ACTION: Notice.
-----------------------------------------------------------------------
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 (9006) 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 9006 Guaranteed Loan Program. These rates will
apply to all loans obligated in fiscal year (FY) 2007 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
9006 Guaranteed Loan Program. Pursuant to that authority, the Agency is
establishing the initial guarantee fee rate at 1 percent for loans made
in FY 2007.
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. For 1 percent fees, the
borrower's business supports value-added agriculture and results in
farmers benefiting financially, or such projects are high impact as
defined in 7 CFR 4279.155(b)(5) and located 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 experiencing fundamental structural changes in its
economic base. For guaranteed loans exceeding 80 percent, such projects
must be a high-priority project in accordance with 7 CFR 4279.155.
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 respective quarterly limits are reached, all
additional loans for that quarter will be at the standard fee and
guarantee limits in 7 CFR part 4279. As an exception to this paragraph
and for the purposes of this notice, loans developed by the North
American Development Bank (NADBank) Community Adjustment and Investment
Program (CAIP) will not count against the 15 percent limit. Up to 50
percent of CAIP loans may have a guaranteed percentage exceeding 80
percent. The funding authority for CAIP loans is not derived carryover
or recovered funding authority of the B&I Guaranteed Loan Program.
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: January 17, 2007.
FOR FURTHER INFORMATION CONTACT: Fred Kieferle, USDA, Rural
Development, Business Programs, Business and Industry Division, Stop
3224, 1400 Independence Avenue, SW., Washington, DC 20250-3224,
telephone (202) 720-7818.
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: January 5, 2007.
Jackie J. Gleason,
Administrator, Rural Business-Cooperative Service.
[FR Doc. E7-504 Filed 1-16-07; 8:45 am]
BILLING CODE 3410-XY-P
