Form RD 1951-33, “Reamortization Request”, 8007-8008 [E8-2538]

Agencies

• DEPARTMENT OF AGRICULTURE
• Rural Housing Service

[Federal Register Volume 73, Number 29 (Tuesday, February 12, 2008)]
[Rules and Regulations]
[Pages 8007-8008]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-2538]



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Federal Register / Vol. 73, No. 29 / Tuesday, February 12, 2008 / 
Rules and Regulations

[[Page 8007]]



DEPARTMENT OF AGRICULTURE

Rural Housing Service

7 CFR Part 1951


Form RD 1951-33, ``Reamortization Request''

AGENCY: Rural Housing Service, USDA.

ACTION: Final rule.

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SUMMARY: The Rural Housing Service (RHS) hereby amends the regulation 
utilized to service the Community Facilities loan and grant programs 
and the Business Programs direct loan program by revising the form 
number for reamortization requests. The form was mistakenly made 
obsolete during the implementation of regulations changes for the 
Multi-Family Housing program. This final rule will correct the form 
reference.

DATES: Effective Date: February 12, 2008.

FOR FURTHER INFORMATION CONTACT: Beth Jones, Community Programs Senior 
Loan Specialist, Rural Housing Service, U.S. Department of Agriculture, 
STOP 0787, 1400 Independence Ave., SW., Washington, DC 20250-0787, 
telephone: (202) 720-1498.

SUPPLEMENTARY INFORMATION:

Classification

    This rule is not a significant regulatory action as defined in 
Executive Order 12866 and, therefore, publication for public notice and 
comment is unnecessary.

Programs Affected

    The Catalog of Federal Domestic Assistance Program impacted by this 
action is 10.766, Community Facilities Loans and Grants.

Intergovernmental Review

    This program is subject to the provisions of Executive Order 12372, 
which requires intergovernmental consultation with State and local 
officials. RHS conducts intergovernmental consultations for each loan 
in the manner delineated in 7 CFR part 3015, subpart V.

Civil Justice Reform

    This rule has been reviewed under Executive Order 12988, Civil 
Justice Reform. In accordance with this rule: (1) All State and local 
laws and regulations that are in conflict with this rule will be 
preempted; (2) no retroactive effect will be given to this rule; and 
(3) administrative proceedings of the National Appeals Division (7 CFR 
part 11) must be exhausted before bringing suit in court challenging 
action taken under this rule.

Environmental Impact Statement

    The action has been reviewed in accordance with 7 CFR part 1940, 
subpart G, ``Environmental Program.'' The Agency has determined that 
this action does not constitute a major Federal action significantly 
affecting the quality of the human environment and, in accordance with 
the National Environmental Policy Act of 1969, 42 U.S.C. 4321, et seq., 
an Environmental Impact Statement is not required.

Unfunded Mandates Reform Act

    Title II of the Unfunded Mandates Reform Act of 1995 (UMRA), Public 
Law 104-4, established requirements for Federal agencies to assess the 
effects of their regulatory actions on State, local, and tribal 
governments and the private sector. Under section 202 of the UMRA, RHS 
generally must prepare a written statement, including a cost-benefit 
analysis, for proposed and final rules with ``Federal mandates'' that 
may result in expenditures to State, local, or tribal governments, in 
the aggregate, or to the private sector, of $100 million or more in any 
one year. When such a statement is needed for a rule, section 205 of 
the UMRA generally requires RHS to identify and consider a reasonable 
number of regulatory alternatives and adopt the least costly, most 
cost-effective, or least burdensome alternative that achieves the 
objectives of the rule. This rule contains no Federal mandates (under 
the regulatory provisions of title II of the UMRA) for State, local, 
and tribal governments or the private sector. Therefore, this rule is 
not subject to the requirements of sections 202 and 205 of the UMRA.

Regulatory Flexibility Act

    This rule has been reviewed with regard to the requirements of the 
Regulatory Flexibility Act (5 U.S.C. 601-612). The undersigned has 
determined and certified by signature of this document that this rule 
will not have a significant economic impact on a substantial number of 
small entities since this rulemaking action does not involve a new or 
expanded program.

Federalism

    The policies contained in this rule do not have any substantial 
direct effect on States, on the relationship between the national 
government and the States, or on the distribution of power and 
responsibilities among the various levels of government. Nor does this 
rule impose substantial direct compliance costs on State and local 
governments. Therefore, consultation with the States is not required.

Implementation

    It is the policy of this Department that rules relating to public 
property, loans, grants, benefits, or contracts shall comply with 5 
U.S.C. 553, notwithstanding the exemption of that section with respect 
to such rules.

Paperwork Reduction Act

    The information collection and record keeping requirements 
contained in this regulation have been approved by the Office of 
Management and Budget (OMB) under OMB control number 0575-0066.

E-Government Act Compliance

    The Rural Housing Service is committed to complying with the E-
Government Act, to promote the use of the Internet and other 
information technologies to provide increased opportunities for citizen 
access to Government information and services, and for other purposes.

Discussion

    The reference to ``Form RD 3560-15'' in 7 CFR 1951.223(b)(4) and 
(c)(3) was originally ``Form RD 1951-33.'' Form RD 1951-33 was 
mistakenly made obsolete and replaced with Form RD 3560-15, when 
revisions were implemented for the Multi-Family Housing program. This 
final rule will

[[Page 8008]]

change the form reference, in the regulation, back to Form RD 1951-33, 
which is the form used to process reamortizations for Community 
Facility loans.

List of Subjects in 7 CFR Part 1951

    Accounting servicing, Grant programs--Housing and community 
development, Reporting requirements, Rural areas.

0
Therefore, Chapter XVIII, Title 7, Code of Federal Regulations, is 
amended as follows:

PART 1951--SERVICING AND COLLECTIONS

0
1. The authority citation for part 1951 continues to read as follows:

    Authority: 5 U.S.C. 301; 7 U.S.C. 1932; 7 U.S.C. 1989; 31 U.S.C. 
3716; 42 U.S.C. 1480.

Subpart E--Servicing of Community and Direct Business Programs 
Loans and Grants

0
2. Section 1951.223 is amended by revising the words ``Form RD 3560-
15'' to ``Form RD 1951-33'' in paragraphs (b)(4) and (c)(3).

    Dated: January 25, 2008.
Russell T. Davis,
Administrator, Rural Housing Service.
[FR Doc. E8-2538 Filed 2-11-08; 8:45 am]
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