Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2017; Maximum Portion of Guarantee Authority Available for Fiscal Year 2017; Annual Renewal Fee for Fiscal Year 2017, 20457 [2017-08790]
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Federal Register / Vol. 82, No. 83 / Tuesday, May 2, 2017 / Notices
Total Burden Hours: 72,900.
Ruth Brown,
Departmental Information Collection
Clearance Officer.
[FR Doc. 2017–08788 Filed 5–1–17; 8:45 am]
BILLING CODE 3410–09–P
DEPARTMENT OF AGRICULTURE
Notice of Request for Extension or
Renewal of a Currently Approved
Information Collection; Correction
Department of Agriculture.
Notice; correction.
AGENCY:
ACTION:
The Department of
Agriculture published a document in
the Federal Register of April 24, 2017,
to request a renewal to a currently
approved information collection for
race, ethnicity, and gender along with
comments. The document contained the
wrong OMB number.
FOR FURTHER INFORMATION CONTACT:
Anna G. Stroman (202) 205–5953.
SUMMARY:
Correction
In the Federal Register of April 24,
2017, in FR Doc 2017–08151, on page
18889, under the SUPPLEMENTARY
INFORMATION, correct the OMB No. to
read:
SUPPLEMENTARY INFORMATION:
OMB No.
0503–0019.
Dated: April 26, 2017.
Winona Lake Scott,
Acting Deputy Assistant Secretary for Civil
Rights.
[FR Doc. 2017–08847 Filed 5–1–17; 8:45 am]
BILLING CODE P
DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Guarantee Fee Rates for Guaranteed
Loans for Fiscal Year 2017; Maximum
Portion of Guarantee Authority
Available for Fiscal Year 2017; Annual
Renewal Fee for Fiscal Year 2017
Rural Business-Cooperative
Service, USDA.
ACTION: Notice.
AGENCY:
This notice helps to improve
applicants’ awareness of the Guarantee
Fee rates for Guaranteed Loans for
Fiscal Year (FY) 2017, Maximum
Portion of Guarantee Authority
Available for FY 2017, Annual Renewal
Fee for FY 2017 when applying for
guaranteed loans under the Business
and Industry (B&I) Guaranteed Loan
Program.
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SUMMARY:
VerDate Sep<11>2014
16:36 May 01, 2017
Jkt 241001
The Agency has the authority to
charge a guarantee fee and an annual
renewal fee for loans made under the
B&I Guaranteed Loan Program. Pursuant
to that authority, and subject to the
current Continuing Resolution, the
Agency is establishing an initial
guarantee fee rate of 3 percent and an
annual renewal fee rate of one-half of 1
percent for the B&I Guaranteed Loan
Program.
The initial guarantee fee is paid at the
time the Loan Note Guarantee is issued.
The annual renewal fee is paid by the
lender to the Agency once a year.
Payment of the annual renewal fee is
required in order to maintain the
enforceability of the guarantee.
DATES: Effective May 2, 2017.
FOR FURTHER INFORMATION CONTACT:
Nichelle Daniels, USDA, Rural
Development, Business Programs,
Business and Industry Division, STOP
3224, 1400 Independence Avenue SW.,
Washington, DC 20250–3224, telephone
(202) 720–0786, email nichelle.daniels@
wdc.usda.gov.
SUPPLEMENTARY INFORMATION: As set
forth in 7 CFR 4279.120, the Agency has
the authority to charge an initial
guarantee fee and an annual renewal fee
for loans made under the B&I
Guaranteed Loan Program. Pursuant to
that authority, and subject to the current
continuing resolution, the Agency is
establishing an initial guarantee fee rate
of 3 percent and an annual renewal fee
rate of one-half of 1 percent for the B&I
Guaranteed Loan Program. Unless
precluded by a subsequent FY 2017
appropriation, these rates will apply to
all loans obligated in FY 2017 that are
made under the B&I Guaranteed Loan
Program. As established in 7 CFR
4279.120(b)(1), 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 percentage of guarantee.
As set forth in 7 CFR 4279.120(a) and
4279.119(b), 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 reduced guarantee fee or
guaranteed loans with an increased
percentage of guarantee. The Agency
has established that not more than 12
percent of the Agency’s apportioned B&I
guarantee authority will be reserved for
loan guarantee requests with a reduced
fee, and not more than 15 percent of the
Agency’s apportioned B&I guarantee
authority will be reserved for
guaranteed loan requests with an
increased percentage of guarantee. Once
PO 00000
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Fmt 4703
Sfmt 4703
20457
the respective limits are reached, all
additional loans will be at the standard
fee and guarantee limits.
Allowing a reduced guarantee fee or
increased percentage of guarantee on
certain B&I guaranteed loans that meet
the conditions set forth in 7 CFR
4279.120 and 4279.119 will increase the
Agency’s ability to focus guarantee
assistance on projects that the Agency
has found particularly meritorious.
Subject to annual limits set by the
Agency in this notice, the Agency may
charge a reduced guarantee fee if
requested by the lender for loans of $5
million or less when the borrower’s
business supports value-added
agriculture and results in farmers
benefitting financially, promotes access
to healthy foods, or is a high impact
business development investment
located in a rural community that is
experiencing long-term population
decline; has remained in poverty for the
last 30 years; is experiencing trauma as
a result of natural disaster; is located in
a city or county with an unemployment
rate 125 percent of the statewide rate or
greater; or is located within the
boundaries of a federally recognized
Indian tribe’s reservation or within
tribal trust lands or within land owned
by an Alaska Native Regional or Village
Corporation as defined by the Alaska
Native Claims Settlement Act. Subject to
annual limits set by the Agency in this
notice, the Agency may allow increased
percentages of guarantee for highpriority projects or loans where the
lender needs the increased percentage of
guarantee due to its legal or regulatory
lending limit.
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: April 18, 2017.
Chadwick O. Parker,
Acting Administrator, Rural BusinessCooperative Service.
[FR Doc. 2017–08790 Filed 5–1–17; 8:45 am]
BILLING CODE 3410–XY–P
COMMISSION ON CIVIL RIGHTS
Agenda and Notice of Public Meeting
of the Colorado Advisory Committee
Commission on Civil Rights.
Announcement of meetings.
AGENCY:
ACTION:
Notice is hereby given,
pursuant to the provisions of the rules
and regulations of the U.S. Commission
on Civil Rights (Commission), and the
Federal Advisory Committee Act
(FACA), that a planning meeting of the
Colorado Advisory Committee to the
SUMMARY:
E:\FR\FM\02MYN1.SGM
02MYN1
]]>Agencies
[Federal Register Volume 82, Number 83 (Tuesday, May 2, 2017)]
[Notices]
[Page 20457]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-08790]
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DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2017;
Maximum Portion of Guarantee Authority Available for Fiscal Year 2017;
Annual Renewal Fee for Fiscal Year 2017
AGENCY: Rural Business-Cooperative Service, USDA.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: This notice helps to improve applicants' awareness of the
Guarantee Fee rates for Guaranteed Loans for Fiscal Year (FY) 2017,
Maximum Portion of Guarantee Authority Available for FY 2017, Annual
Renewal Fee for FY 2017 when applying for guaranteed loans under the
Business and Industry (B&I) Guaranteed Loan Program.
The Agency has the authority to charge a guarantee fee and an
annual renewal fee for loans made under the B&I Guaranteed Loan
Program. Pursuant to that authority, and subject to the current
Continuing Resolution, the Agency is establishing an initial guarantee
fee rate of 3 percent and an annual renewal fee rate of one-half of 1
percent for the B&I Guaranteed Loan Program.
The initial guarantee fee is paid at the time the Loan Note
Guarantee is issued. The annual renewal fee is paid by the lender to
the Agency once a year. Payment of the annual renewal fee is required
in order to maintain the enforceability of the guarantee.
DATES: Effective May 2, 2017.
FOR FURTHER INFORMATION CONTACT: Nichelle Daniels, USDA, Rural
Development, Business Programs, Business and Industry Division, STOP
3224, 1400 Independence Avenue SW., Washington, DC 20250-3224,
telephone (202) 720-0786, email nichelle.daniels@wdc.usda.gov.
SUPPLEMENTARY INFORMATION: As set forth in 7 CFR 4279.120, the Agency
has the authority to charge an initial guarantee fee and an annual
renewal fee for loans made under the B&I Guaranteed Loan Program.
Pursuant to that authority, and subject to the current continuing
resolution, the Agency is establishing an initial guarantee fee rate of
3 percent and an annual renewal fee rate of one-half of 1 percent for
the B&I Guaranteed Loan Program. Unless precluded by a subsequent FY
2017 appropriation, these rates will apply to all loans obligated in FY
2017 that are made under the B&I Guaranteed Loan Program. As
established in 7 CFR 4279.120(b)(1), 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
percentage of guarantee.
As set forth in 7 CFR 4279.120(a) and 4279.119(b), 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 reduced guarantee fee or guaranteed loans with
an increased percentage of guarantee. The Agency has established that
not more than 12 percent of the Agency's apportioned B&I guarantee
authority will be reserved for loan guarantee requests with a reduced
fee, and not more than 15 percent of the Agency's apportioned B&I
guarantee authority will be reserved for guaranteed loan requests with
an increased percentage of guarantee. Once the respective limits are
reached, all additional loans will be at the standard fee and guarantee
limits.
Allowing a reduced guarantee fee or increased percentage of
guarantee on certain B&I guaranteed loans that meet the conditions set
forth in 7 CFR 4279.120 and 4279.119 will increase the Agency's ability
to focus guarantee assistance on projects that the Agency has found
particularly meritorious. Subject to annual limits set by the Agency in
this notice, the Agency may charge a reduced guarantee fee if requested
by the lender for loans of $5 million or less when the borrower's
business supports value-added agriculture and results in farmers
benefitting financially, promotes access to healthy foods, or is a high
impact business development investment located in a rural community
that is experiencing long-term population decline; has remained in
poverty for the last 30 years; is experiencing trauma as a result of
natural disaster; is located in a city or county with an unemployment
rate 125 percent of the statewide rate or greater; or is located within
the boundaries of a federally recognized Indian tribe's reservation or
within tribal trust lands or within land owned by an Alaska Native
Regional or Village Corporation as defined by the Alaska Native Claims
Settlement Act. Subject to annual limits set by the Agency in this
notice, the Agency may allow increased percentages of guarantee for
high-priority projects or loans where the lender needs the increased
percentage of guarantee due to its legal or regulatory lending limit.
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: April 18, 2017.
Chadwick O. Parker,
Acting Administrator, Rural Business-Cooperative Service.
[FR Doc. 2017-08790 Filed 5-1-17; 8:45 am]
BILLING CODE 3410-XY-P
