Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2020, Maximum Portion of Guarantee Authority Available for Fiscal Year 2020, Annual Renewal Fee for Fiscal Year 2020, 9725-9726 [2020-03338]
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9725
Federal Register / Vol. 85, No. 34 / Thursday, February 20, 2020 / Notices
• Level of Training by employee
position (e.g., employee, manager,
etc.)
The manager user has the ability to
enter multiple names for one specific
training without having to repeatedly
enter training information. Certificates
of completion are printed for all
employees once the annual required
training hours are met. The tool also
provides the user the ability to export
and save results in multiple file formats,
including PDF (.pdf), Excel and Word
2000 or higher (.docx). It has a usercentered, simple, intuitive interface.
Streamlined and intuitive navigation is
offered for easy access to all
functionality.
Affected Public: State, Local, and
Tribal Government. Respondent groups
include state agency personnel and
school nutrition professionals.
Estimated Number of Respondents:
The total estimated number of
respondents is 10,006. This includes 6
State agency personnel and 10,000
school nutrition professionals who
voluntarily choose to utilize this
tracking tool. All respondents will be
offered a 60-minute training refresher
webinar to highlight enhancements.
Estimated Number of Responses per
Respondent: Total estimated number of
responses per respondent across the
entire collection is 7. The estimated
number of responses per respondent for
the tracking tool is five. The tracking
tool users will first be required to create
their user profile, which will be saved
for future use. It is estimated that the
user will be updating and managing
their records on a quarterly basis. The
estimated number of responses per
respondent for the training webinar and
the recording of trainings is one.
Estimated #
respondent
Respondent
Responses
annually per
respondent
Estimated Total Annual Responses:
70,042.
Estimated Time per Response: The
estimated time per response across the
entire collection is approximately 14
minutes (0.24 hours). For the training
tracker tool, the estimated time of
response varies from five to ten minutes
depending on familiarity of the tool and
the amount of reports created with an
average estimated time of 7.5 minutes
(0.125 hours) for all participants. The
training refresher webinar of 60 minutes
(1 hour) will be available for all
participants. Participants will record
trainings into the tracking tool, which is
estimated to take 5 minutes (0.083
hours) to complete.
Estimated Total Annual Burden on
Respondents: 17,090.25 hours (rounded
to 17,090 hours). See the table below for
estimated total annual burden for each
type of respondent.
Total annual
responses
(Col. bxc)
Estimated
Avg. # of
hours per
response
Estimated total
hours
(Col. dxe)
Reporting Burden for State, Local, and Tribal Govt
State agency Personnel .......................................................
Training Webinar ..................................................................
Recording of Trainings on the Tool .....................................
School Nutrition Professionals .............................................
Training Webinar ..................................................................
Recording of Trainings on the Tool .....................................
6
6
6
10,000
10,000
10,000
5
1
1
5
1
1
30
6
6
50,000
10,000
10,000
0.125
1
0.083
0.125
1
0.083
3.75
6
0.498
6,250
10,000
830
Total Reporting Burden ................................................
10,006
7
70,042
0.24
17,090.25
Dated: February 6, 2020.
Pamilyn Miller,
Administrator, Food and Nutrition Service.
[FR Doc. 2020–03370 Filed 2–19–20; 8:45 am]
BILLING CODE 3410–30–P
DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Guarantee Fee Rates for Guaranteed
Loans for Fiscal Year 2020, Maximum
Portion of Guarantee Authority
Available for Fiscal Year 2020, Annual
Renewal Fee for Fiscal Year 2020
Rural Business-Cooperative
Service, USDA.
ACTION: Notice.
AGENCY:
lotter on DSKBCFDHB2PROD with NOTICES
VerDate Sep<11>2014
19:48 Feb 19, 2020
Jkt 250001
This rule is effective February
20, 2020.
DATES:
This notice helps to improve
applicants’ awareness of the Guarantee
Fee rates for Guaranteed Loans for fiscal
year (FY) 2020, the Maximum Portion of
Guarantee Authority Available for FY
2020, and the Annual Renewal Fee for
FY 2020 when applying for guaranteed
loans under the Business and Industry
(B&I) Guaranteed Loan Program.
SUMMARY:
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 appropriated authority, 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.
FOR FURTHER INFORMATION CONTACT:
Brenda Griffin, USDA, Rural
Development, Business Programs,
Business and Industry Division, STOP
3224, 1400 Independence Avenue SW,
Washington, DC 20250–3224, telephone
(202) 720–6802, email tanner.hinkel@
usda.gov.
PO 00000
Frm 00005
Fmt 4703
Sfmt 4703
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 appropriated authority, 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 2020 appropriation,
these rates will apply to all loans
obligated in FY 2020 that are made
under the B&I Guaranteed Loan
Program. As established in 7 CFR
4279.120(b)(1), the amount of the
annual fee on each guaranteed loan will
be determined by multiplying the
annual 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
E:\FR\FM\20FEN1.SGM
20FEN1
lotter on DSKBCFDHB2PROD with NOTICES
9726
Federal Register / Vol. 85, No. 34 / Thursday, February 20, 2020 / Notices
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 5
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 5 percent of the
Agency’s apportioned B&I guarantee
authority will be reserved for
guaranteed loan requests with an
increased percentage of guarantee. The
funds set aside for increased
percentages of guarantee and reduced
guarantee fees, which were set at 15
percent and 12 percent, respectively
pursuant to the 2019 Agency notice,
now will change to 5 percent for both
with this notice. Once the respective
limits are reached, all additional loans
will be at the standard fee and guarantee
limits. These changes will have the
effect of reducing the need for USDA to
reprogram funds, which can delay when
funds are made available to borrowers at
regular terms and are based on past
experience in this program. 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 longterm 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.
VerDate Sep<11>2014
19:48 Feb 19, 2020
Jkt 250001
Congressional Review Act
DEPARTMENT OF AGRICULTURE
Pursuant to the Congressional Review
Act (5 U.S.C. 801 et seq.), the Office of
Information and Regulatory Affairs
designated this notice as not major, as
defined by 5 U.S.C. 804(2).
Rural Housing Service
Non-Discrimination Statement
In accordance with Federal civil
rights law and U.S. Department of
Agriculture (USDA) civil rights
regulations and policies, the USDA, its
Agencies, offices, and employees, and
institutions participating in, or
administering, USDA programs are
prohibited from discriminating based on
race, color, national origin, religion, sex,
gender identity (including gender
expression), sexual orientation,
disability, age, marital status, family/
parental status, income derived from a
public assistance program, political
beliefs, or reprisal or retaliation for prior
civil rights activity, in any program or
activity conducted or funded by USDA
(not all bases apply to all programs).
Remedies and complaint filing
deadlines vary by program or incident.
Persons with disabilities who require
alternative means of communication for
program information (e.g., Braille, large
print, audiotape, American Sign
Language, etc.) should contact the
responsible Agency or USDA’s TARGET
Center at (202) 720–2600 (voice and
TTY) or contact USDA through the
Federal Relay Service at (800) 877–8339.
Additionally, program information may
be made available in languages other
than English.
To file a program discrimination
complaint, complete the USDA Program
Discrimination Complaint Form, AD–
3027, found online at: https://
www.ascr.usda.gov/complaint_filing_
cust.html and at any USDA office or
write a letter addressed to USDA and
provide in the letter all of the
information requested in the form. To
request a copy of the complaint form,
call (866) 632–9992. Submit your
completed form or letter to USDA by:
(1) Mail: U.S. Department of
Agriculture, Office of the Assistant
Secretary for Civil Rights, 1400
Independence Avenue SW,
Washington, DC 20250–9410;
(2) Fax: (202) 690–7442; or
(3) Email: program.intake@usda.gov.
USDA is an equal opportunity provider,
employer, and lender.
Mark Brodziski,
Acting Administrator, Rural BusinessCooperative Service.
[FR Doc. 2020–03338 Filed 2–19–20; 8:45 am]
BILLING CODE 3410–XY–P
PO 00000
Frm 00006
Fmt 4703
Sfmt 4703
[Docket No. RHS–20–CF–0002]
Announcement of the Availability of
Disaster Relief Act 2019 Grant Funds
for the Community Facilities Technical
Assistance and Training Grant
Rural Housing Service, USDA.
Notice of funds availability.
AGENCY:
ACTION:
As part of the Additional
Supplemental Appropriations for
Disaster Relief Act, 2019, dated June 6,
2019, the Rural Housing Service’s
Community Facilities (CF) Technical
Assistance and Training (TAT) Grant
Program is making available $7,500,000
in supplemental grant funding for
eligible expenses related to the
consequences of Hurricanes Michael
and Florence and wildfires occurring in
calendar year 2018, tornadoes and
floods occurring in calendar year 2019,
and other natural disasters. Any funds
not awarded under this funding notice
will be transferred to the CF Disaster
Grant Program. The authority for the
Agency to administer the CF TAT Grant
Program is provided in Section 6006 of
the Agriculture Act of 2014. The grant
funds will be administered in
accordance with this notice of funds
availability.
SUMMARY:
The Agency must receive
applications in paper postmarked and
mailed, shipped, or sent overnight by
4:00 p.m. local time on May 5, 2020.
Electronic applications must be
submitted via grants.gov by Midnight
Eastern time on April 30, 2020. Prior to
official submission of applications,
applicants may request technical
assistance or other application guidance
from the Agency, as long as such
requests are made prior to April 27,
2020. Technical assistance is not meant
to be an analysis or assessment of the
quality of the materials submitted, a
substitute for agency review of
completed applications, nor a
determination of eligibility, if such
determination requires in-depth
analysis. The Agency will not solicit or
consider scoring or eligibility
information that is submitted after the
application deadline. The Agency
reserves the right to contact applicants
to seek clarification information on
materials contained in the submitted
application.
DATES:
Applications will be
submitted to the USDA Rural
Development State Office in the state
where the applicant’s headquarters is
located. A listing of each State Office
ADDRESSES:
E:\FR\FM\20FEN1.SGM
20FEN1
]]>Agencies
[Federal Register Volume 85, Number 34 (Thursday, February 20, 2020)]
[Notices]
[Pages 9725-9726]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03338]
-----------------------------------------------------------------------
DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Guarantee Fee Rates for Guaranteed Loans for Fiscal Year 2020,
Maximum Portion of Guarantee Authority Available for Fiscal Year 2020,
Annual Renewal Fee for Fiscal Year 2020
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) 2020, the
Maximum Portion of Guarantee Authority Available for FY 2020, and the
Annual Renewal Fee for FY 2020 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
appropriated authority, 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: This rule is effective February 20, 2020.
FOR FURTHER INFORMATION CONTACT: Brenda Griffin, USDA, Rural
Development, Business Programs, Business and Industry Division, STOP
3224, 1400 Independence Avenue SW, Washington, DC 20250-3224, telephone
(202) 720-6802, email [email protected].
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 appropriated authority, 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 2020 appropriation, these
rates will apply to all loans obligated in FY 2020 that are made under
the B&I Guaranteed Loan Program. As established in 7 CFR
4279.120(b)(1), the amount of the annual fee on each guaranteed loan
will be determined by multiplying the annual 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
[[Page 9726]]
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 5 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 5 percent of the Agency's apportioned B&I guarantee
authority will be reserved for guaranteed loan requests with an
increased percentage of guarantee. The funds set aside for increased
percentages of guarantee and reduced guarantee fees, which were set at
15 percent and 12 percent, respectively pursuant to the 2019 Agency
notice, now will change to 5 percent for both with this notice. Once
the respective limits are reached, all additional loans will be at the
standard fee and guarantee limits. These changes will have the effect
of reducing the need for USDA to reprogram funds, which can delay when
funds are made available to borrowers at regular terms and are based on
past experience in this program. 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.
Congressional Review Act
Pursuant to the Congressional Review Act (5 U.S.C. 801 et seq.),
the Office of Information and Regulatory Affairs designated this notice
as not major, as defined by 5 U.S.C. 804(2).
Non-Discrimination Statement
In accordance with Federal civil rights law and U.S. Department of
Agriculture (USDA) civil rights regulations and policies, the USDA, its
Agencies, offices, and employees, and institutions participating in, or
administering, USDA programs are prohibited from discriminating based
on race, color, national origin, religion, sex, gender identity
(including gender expression), sexual orientation, disability, age,
marital status, family/parental status, income derived from a public
assistance program, political beliefs, or reprisal or retaliation for
prior civil rights activity, in any program or activity conducted or
funded by USDA (not all bases apply to all programs). Remedies and
complaint filing deadlines vary by program or incident.
Persons with disabilities who require alternative means of
communication for program information (e.g., Braille, large print,
audiotape, American Sign Language, etc.) should contact the responsible
Agency or USDA's TARGET Center at (202) 720-2600 (voice and TTY) or
contact USDA through the Federal Relay Service at (800) 877-8339.
Additionally, program information may be made available in languages
other than English.
To file a program discrimination complaint, complete the USDA
Program Discrimination Complaint Form, AD-3027, found online at: https://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or
write a letter addressed to USDA and provide in the letter all of the
information requested in the form. To request a copy of the complaint
form, call (866) 632-9992. Submit your completed form or letter to USDA
by:
(1) Mail: U.S. Department of Agriculture, Office of the Assistant
Secretary for Civil Rights, 1400 Independence Avenue SW, Washington, DC
20250-9410;
(2) Fax: (202) 690-7442; or
(3) Email: [email protected].
USDA is an equal opportunity provider, employer, and lender.
Mark Brodziski,
Acting Administrator, Rural Business-Cooperative Service.
[FR Doc. 2020-03338 Filed 2-19-20; 8:45 am]
BILLING CODE 3410-XY-P
