Maximum Dollar Amount on Awards Under the Rural Economic Development Loan and Grant Program for Fiscal Year 2007; Correction, 25738 [E7-8682]

Download as PDF 25738 Federal Register / Vol. 72, No. 87 / Monday, May 7, 2007 / Notices pwalker on PROD1PC71 with NOTICES program is to promote sustainable economic development in rural areas. This purpose is achieved through grants made by the RBS to public and private non-profit organizations and cooperatives to pay costs of economic development planning and technical assistance for rural businesses. The regulations contain various requirements for information from the grant applicants and recipients. The information requested is necessary for RBS to be able to process applications in a responsible manner, make prudent program decisions, and effectively monitor the grantees’ activities to ensure that funds obtained from the Government are used appropriately. Objectives include gathering information to identify the applicant, describe the applicant’s experience and expertise, describe the project and how the applicant will operate it, and other material necessary for prudent Agency decisions and reasonable program monitoring. Estimate of Burden: Public reporting burden for this collection of information is estimated to average 9 hours per response. Respondents: Non-profit corporations, public agencies, and cooperatives. Estimated Number of Respondents: 248. Estimated Number of Responses per Respondent: 8. Estimated Number of Responses: 1863. Estimated Total Annual Burden on Respondents: 17,104. Copies of this information collection can be obtained from Cheryl Thompson, Regulations and Paperwork Management Branch, Support Services Division at (202) 692–0043. Comments Comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of RBS, including whether the information will have practical utility; (b) the accuracy of RBS’ estimate of the burden of the proposed 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 those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology. Comments may be sent to Cheryl Thompson, Regulations and Paperwork Management Branch, Support Services VerDate Aug<31>2005 18:36 May 04, 2007 Jkt 211001 Division, U.S. Department of Agriculture, Rural Development, STOP 0742, Washington, DC 20250. 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. Dated: April 27, 2007. Jackie J. Gleason, Administrator, Rural Business-Cooperative Service. [FR Doc. E7–8636 Filed 5–4–07; 8:45 am] BILLING CODE 3410–XY–P DEPARTMENT OF AGRICULTURE Rural Business-Cooperative Service Maximum Dollar Amount on Awards Under the Rural Economic Development Loan and Grant Program for Fiscal Year 2007; Correction Rural Business-Cooperative Service, USDA. ACTION: Notice; correction. AGENCY: SUMMARY: The Rural BusinessCooperative Service (RBS) published a document in the Federal Register of Friday, December 8, 2006, [71 FR 71128] concerning the announcement of the maximum dollar amount under the Rural Economic Development Loan and Grant Program (REDLG). This document announces the actual amount available and the expanded eligibility requirements. FOR FURTHER INFORMATION CONTACT: Cindy Mason, Loan Specialist, USDA Rural Development, STOP 3225, Room 6866, 1400 Independence Avenue, SW., Washington, DC 20250–3225. Telephone: (202) 690–1433, FAX: (202) 720–2213. Additionally, the 2007 Appropriation continued the REDLG eligibility requirements implemented in FY 2006. Therefore, an organization is considered to be eligible to participate in the REDLG program if it can be described as: 1. Any former Rural Utilities Service borrower that has repaid or prepaid an insured, direct, or guaranteed loan under the Rural Electrification Act; 2. Any not-for-profit utility that is eligible to receive an insured or direct loan under such act; or 3. Any borrower under such act. The Regulations for these programs are at 7 CFR part 1703, subpart B. The maximum loan and grant awards are determined in accordance with 7 CFR 1703.28. The maximum loan and grant awards are calculated at 3.0 percent of the projected program levels, rounded to the nearest $10,000; however, as specified in 7 CFR 1703.28(b), regardless of the projected total amount that will be available, the maximum size may not be lower than $200,000. The projected program level during FY 2007 for zero-interest loans is $25,215,484.47, and the projected level for grants is $10,000,000. Applying the 3.0 percent to the program level for loans, rounded to the nearest $10,000, results in a projected maximum loan award of $740,000. Applying the specified 3.0 percent to the program level for grants results in an amount higher than $200,000. Therefore, the projected grant award for FY 2007 is $300,000. Dated: May 1, 2007. Jackie J. Gleason, Administrator, Rural Business-Cooperative Service. [FR Doc. E7–8682 Filed 5–4–07; 8:45 am] BILLING CODE 3410–XY–P Correction In the Federal Register of December 8, 2006, in FR Doc. E6–20871, on page 71128, in the third column, correct the SUPPLEMENTARY INFORMATION caption to read: RBS published a Notice of Funds Availability (NOFA) on December 8, 2006. Based on the Revised Continuing Appropriations Resolution, 2007 (2007 Appropriation), (Public Law 110–5), the total amount available for zero-interest loans is $24,752,477. As stated in the NOFA, the maximum loan and grant awards pursuant to 7 CFR 1703.28 is 3.0 percent of the program level rounded to the nearest $10,000, but no less than $200,000. Thus, the maximum dollar amount available per loan is $740,000. Total amount available for grants is $10,000,000. Thus, the maximum amount available per grant is $300,000. PO 00000 Frm 00003 Fmt 4703 Sfmt 4703 DEPARTMENT OF COMMERCE Submission for OMB Review; Comment Request The Department of Commerce will submit to the Office of Management and Budget (OMB) for clearance the following proposal for collection of information under the provisions of the Paperwork Reduction Act (44 U.S.C. Chapter 35). Agency: Office of the Secretary, Office of Civil Rights (OCR). Title: Reasonable Accommodation for Employees and Applicants with Disabilities. Form Number(s): CD–575. OMB Approval Number: 0690–0022. Type of Request: Regular submission. Burden Hours: 17. E:\FR\FM\07MYN1.SGM 07MYN1

Agencies

[Federal Register Volume 72, Number 87 (Monday, May 7, 2007)]
[Notices]
[Page 25738]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-8682]


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DEPARTMENT OF AGRICULTURE

Rural Business-Cooperative Service


Maximum Dollar Amount on Awards Under the Rural Economic 
Development Loan and Grant Program for Fiscal Year 2007; Correction

AGENCY: Rural Business-Cooperative Service, USDA.

ACTION: Notice; correction.

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SUMMARY: The Rural Business-Cooperative Service (RBS) published a 
document in the Federal Register of Friday, December 8, 2006, [71 FR 
71128] concerning the announcement of the maximum dollar amount under 
the Rural Economic Development Loan and Grant Program (REDLG). This 
document announces the actual amount available and the expanded 
eligibility requirements.

FOR FURTHER INFORMATION CONTACT: Cindy Mason, Loan Specialist, USDA 
Rural Development, STOP 3225, Room 6866, 1400 Independence Avenue, SW., 
Washington, DC 20250-3225. Telephone: (202) 690-1433, FAX: (202) 720-
2213.

Correction

    In the Federal Register of December 8, 2006, in FR Doc. E6-20871, 
on page 71128, in the third column, correct the SUPPLEMENTARY 
INFORMATION caption to read: RBS published a Notice of Funds 
Availability (NOFA) on December 8, 2006. Based on the Revised 
Continuing Appropriations Resolution, 2007 (2007 Appropriation), 
(Public Law 110-5), the total amount available for zero-interest loans 
is $24,752,477. As stated in the NOFA, the maximum loan and grant 
awards pursuant to 7 CFR 1703.28 is 3.0 percent of the program level 
rounded to the nearest $10,000, but no less than $200,000. Thus, the 
maximum dollar amount available per loan is $740,000. Total amount 
available for grants is $10,000,000. Thus, the maximum amount available 
per grant is $300,000.
    Additionally, the 2007 Appropriation continued the REDLG 
eligibility requirements implemented in FY 2006. Therefore, an 
organization is considered to be eligible to participate in the REDLG 
program if it can be described as:
    1. Any former Rural Utilities Service borrower that has repaid or 
prepaid an insured, direct, or guaranteed loan under the Rural 
Electrification Act;
    2. Any not-for-profit utility that is eligible to receive an 
insured or direct loan under such act; or
    3. Any borrower under such act.
    The Regulations for these programs are at 7 CFR part 1703, subpart 
B. The maximum loan and grant awards are determined in accordance with 
7 CFR 1703.28. The maximum loan and grant awards are calculated at 3.0 
percent of the projected program levels, rounded to the nearest 
$10,000; however, as specified in 7 CFR 1703.28(b), regardless of the 
projected total amount that will be available, the maximum size may not 
be lower than $200,000. The projected program level during FY 2007 for 
zero-interest loans is $25,215,484.47, and the projected level for 
grants is $10,000,000. Applying the 3.0 percent to the program level 
for loans, rounded to the nearest $10,000, results in a projected 
maximum loan award of $740,000. Applying the specified 3.0 percent to 
the program level for grants results in an amount higher than $200,000. 
Therefore, the projected grant award for FY 2007 is $300,000.

    Dated: May 1, 2007.
Jackie J. Gleason,
Administrator, Rural Business-Cooperative Service.
[FR Doc. E7-8682 Filed 5-4-07; 8:45 am]
BILLING CODE 3410-XY-P

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