Single Family Housing Direct Loan Program, 54713 [2015-22785]

Download as PDF rmajette on DSK7SPTVN1PROD with RULES Federal Register / Vol. 80, No. 176 / Friday, September 11, 2015 / Rules and Regulations funds transfer payments, and shall submit this designation to the Grant Officer or other Government official, as directed. (b) For payment through FEDLINE, the recipient shall provide the following information: (1) Name, address, and telegraphic abbreviation of the financial institution receiving payment. (2) The American Bankers Association 9digit identifying number for wire transfers of the financing institution receiving payment if the institution has access to the Federal Reserve Communication System. (3) Payee’s account number at the financial institution where funds are to be transferred. (4) If the financial institution does not have access to the Federal Reserve Communications System, name, address, and telegraphic abbreviation of the correspondent financial institution through which the financial institution receiving payment obtains wire transfer activity. Provide the telegraphic abbreviation and American Bankers Association identifying number for the correspondent institution. (c) For payment through ACH, the recipient shall provide the following information: (1) Routing transit number of the financial institution receiving payment (same as American Bankers Association identifying number used for FEDLINE). (2) Number of account to which funds are to be deposited. (3) Type of depositor account (‘‘C’’ for checking, ‘‘S’’ for savings). (4) If the recipient is a new enrollee to the ACH system, a ‘‘Payment Information Form,’’ SF 3881, must be completed before payment can be processed. (d) In the event the recipient, during the performance of this award, elects to designate a different financial institution for the receipt of any payment made using electronic funds transfer procedures, notification of such change and the required information specified above must be received by the appropriate Government official 30 days prior to the date such change is to become effective. (e) The documents furnishing the information required in this term and condition must be dated and contain the signature, title, and telephone number of the recipient official authorized to provide it, as well as the recipient’s name and award number. (f) Failure to properly designate a financial institution or to provide appropriate payee bank account information may delay payments of amounts otherwise properly due. (g) The requirements set forth in this term and condition shall govern to the extent these requirements are inconsistent with the requirements in term and condition ‘‘Financial Management’’. (End of Term and Condition) [FR Doc. 2015–21434 Filed 9–10–15; 8:45 am] BILLING CODE 7510–13–P VerDate Sep<11>2014 15:06 Sep 10, 2015 Jkt 235001 DEPARTMENT OF AGRICULTURE Rural Housing Service 7 CFR Part 3550 RIN 0575–AC88 Single Family Housing Direct Loan Program Rural Housing Service, USDA. Final rule; delay of effective AGENCY: ACTION: date. On April 29, 2015, the Rural Housing Service (RHS) published a final rule to create a certified loan application packaging process for the direct single family housing loan program. On June 5, 2015, the final rule’s effective date was deferred to October 1, 2015. The final rule’s effective date is further delayed until October 1, 2016. DATES: Effective Date: The effective date of the final rule published April 29, 2015 (80 FR 23673), effective July 28, 2015, and delayed on June 5, 2015 (80 FR 31971), is further delayed until October 1, 2016. RHS will publish in the Federal Register another document changing the effective date if and when appropriations mandates impacting Fiscal Year 2016 do not reference the packaging pilot program. FOR FURTHER INFORMATION CONTACT: Brooke Baumann, Branch Chief, Single Family Housing Direct Loan Division, USDA Rural Development, Stop 0783, 1400 Independence Avenue SW., Washington, DC 20250–0783, Telephone: 202–690–4250. Email: brooke.baumann@wdc.usda.gov. SUPPLEMENTARY INFORMATION: Section 729 of the Consolidated and Further Continuing Appropriations Act, 2015 (Act) (Pub. L. 113–235) provides that the Agency will continue agreements with the current intermediaries in the pilot program and enter into additional agreements that increase the number of pilot intermediaries to at least 10. This appropriations mandate, which applies to the packaging pilot program in Fiscal Year 2015, prompted the Agency to defer the effective date of the final rule from July 28, 2015, to October 1, 2015, to allow the existing intermediaries under the pilot sufficient time to process loan application packages in their queue and to prepare for the implementation of the final rule. Since Section 729 will remain in effect during any continuing resolution passed to continue program operations in Fiscal Year 2016 and given that similar mandatory language regarding the packaging pilot program is currently found in the Fiscal Year 2016 SUMMARY: PO 00000 Frm 00013 Fmt 4700 Sfmt 4700 54713 appropriations bills passed by the House and the Senate, the final rule to create a certified loan application packaging process will be deferred again. In an abundance of caution, the Agency takes this action to avoid the possibility of duplicative and inconsistent policies for this important certified loan application packaging process. In the interim, existing pilot intermediaries will be contacted directly concerning extensions of their agreements. In addition, applications received from potential intermediaries under the final rule, which were due by July 9, 2015, will now be considered for inclusion in any Fiscal Year 2016 packaging pilot program. Dated: August 31, 2015. Tony Hernandez, Administrator, Rural Housing Service. [FR Doc. 2015–22785 Filed 9–10–15; 8:45 am] BILLING CODE 3410–XV–P DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 23 [Docket No. FAA–2015–3678; Special Conditions No. 23–268–SC] Special Conditions: Korea Aerospace Industries, Ltd., Model K–100; Full Authority Digital Engine Control (FADEC) System Federal Aviation Administration (FAA), DOT. ACTION: Final special conditions; request for comments. AGENCY: These special conditions are issued for the Korea Aerospace Industries, Ltd., Model K–100 airplane. This airplane will have a novel or unusual design feature(s) associated with the use of an electronic engine control system instead of a traditional mechanical control system. The applicable airworthiness regulations do not contain adequate or appropriate safety standards for this design feature. These special conditions contain the additional safety standards that the Administrator considers necessary to establish a level of safety equivalent to that established by the existing airworthiness standards. DATES: The effective date of these special conditions is September 11, 2015. We must receive your comments by October 26, 2015. SUMMARY: E:\FR\FM\11SER1.SGM 11SER1

Agencies

[Federal Register Volume 80, Number 176 (Friday, September 11, 2015)]
[Rules and Regulations]
[Page 54713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-22785]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service

7 CFR Part 3550

RIN 0575-AC88


Single Family Housing Direct Loan Program

AGENCY: Rural Housing Service, USDA.

ACTION: Final rule; delay of effective date.

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SUMMARY: On April 29, 2015, the Rural Housing Service (RHS) published a 
final rule to create a certified loan application packaging process for 
the direct single family housing loan program. On June 5, 2015, the 
final rule's effective date was deferred to October 1, 2015. The final 
rule's effective date is further delayed until October 1, 2016.

DATES: Effective Date: The effective date of the final rule published 
April 29, 2015 (80 FR 23673), effective July 28, 2015, and delayed on 
June 5, 2015 (80 FR 31971), is further delayed until October 1, 2016. 
RHS will publish in the Federal Register another document changing the 
effective date if and when appropriations mandates impacting Fiscal 
Year 2016 do not reference the packaging pilot program.

FOR FURTHER INFORMATION CONTACT: Brooke Baumann, Branch Chief, Single 
Family Housing Direct Loan Division, USDA Rural Development, Stop 0783, 
1400 Independence Avenue SW., Washington, DC 20250-0783, Telephone: 
202-690-4250. Email: brooke.baumann@wdc.usda.gov.

SUPPLEMENTARY INFORMATION: Section 729 of the Consolidated and Further 
Continuing Appropriations Act, 2015 (Act) (Pub. L. 113-235) provides 
that the Agency will continue agreements with the current 
intermediaries in the pilot program and enter into additional 
agreements that increase the number of pilot intermediaries to at least 
10. This appropriations mandate, which applies to the packaging pilot 
program in Fiscal Year 2015, prompted the Agency to defer the effective 
date of the final rule from July 28, 2015, to October 1, 2015, to allow 
the existing intermediaries under the pilot sufficient time to process 
loan application packages in their queue and to prepare for the 
implementation of the final rule.
    Since Section 729 will remain in effect during any continuing 
resolution passed to continue program operations in Fiscal Year 2016 
and given that similar mandatory language regarding the packaging pilot 
program is currently found in the Fiscal Year 2016 appropriations bills 
passed by the House and the Senate, the final rule to create a 
certified loan application packaging process will be deferred again. In 
an abundance of caution, the Agency takes this action to avoid the 
possibility of duplicative and inconsistent policies for this important 
certified loan application packaging process.
    In the interim, existing pilot intermediaries will be contacted 
directly concerning extensions of their agreements. In addition, 
applications received from potential intermediaries under the final 
rule, which were due by July 9, 2015, will now be considered for 
inclusion in any Fiscal Year 2016 packaging pilot program.

    Dated: August 31, 2015.
Tony Hernandez,
Administrator, Rural Housing Service.
[FR Doc. 2015-22785 Filed 9-10-15; 8:45 am]
BILLING CODE 3410-XV-P
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