OneRD Guaranteed Loan Regulation, 97477 [2024-28031]

Download as PDF Federal Register / Vol. 89, No. 236 / Monday, December 9, 2024 / Rules and Regulations certification for failure to participate in an audit. § § 4270.16–4270.98 § 4270.99 [Reserved] OMB control number. FOR FURTHER INFORMATION CONTACT: The information collection requirements in this part are approved by the Office of Management and Budget (OMB) and assigned OMB control number 0570–0083. Xochitl Torres Small, Deputy Secretary, United States Department of Agriculture. Susan Woolard, Regulations Management Division, Rural Development Innovation Center, U.S. Department of Agriculture, 1400 Independence Ave. SW, Stop 1522, Washington, DC 20250; telephone (202) 720–9631; email susan.woolard@ usda.gov. Rural Utilities Service Rural Development’s Rural BusinessCooperative Service, Rural Housing Service, and Rural Utilities Service are issuing corrections to the final rule that published September 30, 2024, at 89 FR 79698. Rural Housing Service List of Subjects in 7 CFR Part 5001 SUPPLEMENTARY INFORMATION: [FR Doc. 2024–28431 Filed 12–6–24; 8:45 am] BILLING CODE 3410–XY–P DEPARTMENT OF AGRICULTURE Business and industry, Community facility, Energy efficiency improvement, Loan programs, Renewable energy, Rural areas, Rural development, Water and waste disposal. In FR Doc. 2024–21920 published September 30, 2024, beginning on page 79698, make the following corrections: ■ 1. On page 79699, in the third column, item 11, the title is corrected to read ‘‘11. § 5001.116 Ineligible CF Projects’’. Rural Business-Cooperative Service 7 CFR Part 5001 [Docket No. RUS–19–Agency–0030] RIN 0572–AC56 OneRD Guaranteed Loan Regulation Rural Business-Cooperative Service, Rural Housing Service, Rural Utilities Service, USDA. ACTION: Final rule, correction and correcting amendments. AGENCY: VerDate Sep<11>2014 15:13 Dec 06, 2024 Jkt 265001 2. On page 79702, in the third column, item 39a, is corrected to read: ■ a. § 5001.516(c) is updated to inform lenders that payment of real estate taxes is considered a protective advance but does not require advanced Agency approval. § 5001.3 Definitions. * * * * * Affiliate means a person that is connected with or controlled by another organization. Factors such as ownership, management, current and previous relationships with or ties to another person, and contractual relationships, may be considered in determining whether affiliation exists. Affiliation is determined using the principles outlined in 13 CFR 121.301(f). * * * * * ■ 3. Amend § 5001.516 by revising paragraph (c) to read as follows: § 5001.516 Protective advances. * * * * * (c) A lender must obtain written Agency approval for any protective advance that will cumulatively amount to more than $200,000, or 10 percent of the aggregate outstanding balance of principal and interest, whichever is less, to the same borrower. Payment of real estate taxes by the lender is considered a protective advance, subject to the requirements of this section, and does not require Agency advance approval. Basil I. Gooden, Deputy Under Secretary, Rural Development. [FR Doc. 2024–28031 Filed 12–6–24; 8:45 am] BILLING CODE 3410–15–P ■ On September 30, 2024, Rural Development’s Rural BusinessCooperative Service, Rural Housing Service, and Rural Utilities Service, agencies of the United States Department of Agriculture (USDA), published a final rule with comment for the OneRD Guarantee Loan Program (OneRD). The final rule made necessary revisions to the policy and procedures that strengthened the oversight and management of the growing Community Facilities, Water and Waste Disposal, Business and Industry, and Rural Energy for America guarantee portfolios. The final rule had a misspelled subject heading in the preamble. The final rule also contained information in an instruction that was not ultimately in the final rule, an incomplete definition of affiliate, and a misstatement regarding protective advances. This document corrects the final regulation. DATES: This rule is effective December 9, 2024. ADDRESSES: Address all comments concerning this correction to Susan Woolard, Regulations Management Division, Rural Development Innovation Center, U.S. Department of Agriculture, SUMMARY: ddrumheller on DSK120RN23PROD with RULES1 1400 Independence Ave. SW, Stop 1522, Washington, DC 20250; telephone (202) 720–9631; email susan.woolard@ usda.gov. 97477 3. On page 79704, in the third column, Instruction 4 for § 5001.3, is corrected by removing the words ‘‘commercially available’’. ■ 4. On page 79711, in the second column, Instruction 14 is corrected to read: ■ 14. Amend § 5001.106 by revising the first sentence of the introductory text, paragraphs (d)(2), (e)(2) and (e)(3) introductory text to read as follows: For the reasons discussed in the preamble, 7 CFR 5001 is corrected by making the following correcting amendments: DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2024–2129; Project Identifier MCAI–2024–00066–T; Amendment 39–22889; AD 2024–23–10] RIN 2120–AA64 ■ PART 5001—GUARANTEED LOANS. 1. The authority citation for part 5001 continues to read as follows: ■ Authority: 5 U.S.C. 301; 7 U.S.C. 1926(a); 7 U.S.C. 1932(a); and 7 U.S.C. 8107. 2. Amend § 5001.3 by revising the definition of ‘‘affiliate’’ to read as follows: ■ PO 00000 Frm 00019 Fmt 4700 Sfmt 4700 Airworthiness Directives; ATR—GIE Avions de Transport Régional Airplanes Federal Aviation Administration (FAA), DOT. ACTION: Final rule. AGENCY: The FAA is adopting a new airworthiness directive (AD) for certain ATR—GIE Avions de Transport Régional Model ATR42 and ATR72 airplanes. This AD was prompted by a report that for airplanes converted from passenger to cargo configuration using certain supplemental type certificates, no height limitation for the cargo, when loaded in the cargo compartment, is defined, and that as a consequence, cargo might be loaded up to the ceiling of the cargo compartment. This AD SUMMARY: E:\FR\FM\09DER1.SGM 09DER1

Agencies

[Federal Register Volume 89, Number 236 (Monday, December 9, 2024)]
[Rules and Regulations]
[Page 97477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-28031]


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DEPARTMENT OF AGRICULTURE

Rural Utilities Service

Rural Housing Service

Rural Business-Cooperative Service

7 CFR Part 5001

[Docket No. RUS-19-Agency-0030]
RIN 0572-AC56


OneRD Guaranteed Loan Regulation

AGENCY: Rural Business-Cooperative Service, Rural Housing Service, 
Rural Utilities Service, USDA.

ACTION: Final rule, correction and correcting amendments.

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SUMMARY: On September 30, 2024, Rural Development's Rural Business-
Cooperative Service, Rural Housing Service, and Rural Utilities 
Service, agencies of the United States Department of Agriculture 
(USDA), published a final rule with comment for the OneRD Guarantee 
Loan Program (OneRD). The final rule made necessary revisions to the 
policy and procedures that strengthened the oversight and management of 
the growing Community Facilities, Water and Waste Disposal, Business 
and Industry, and Rural Energy for America guarantee portfolios. The 
final rule had a misspelled subject heading in the preamble. The final 
rule also contained information in an instruction that was not 
ultimately in the final rule, an incomplete definition of affiliate, 
and a misstatement regarding protective advances. This document 
corrects the final regulation.

DATES: This rule is effective December 9, 2024.

ADDRESSES: Address all comments concerning this correction to Susan 
Woolard, Regulations Management Division, Rural Development Innovation 
Center, U.S. Department of Agriculture, 1400 Independence Ave. SW, Stop 
1522, Washington, DC 20250; telephone (202) 720-9631; email 
[email protected].

FOR FURTHER INFORMATION CONTACT: Susan Woolard, Regulations Management 
Division, Rural Development Innovation Center, U.S. Department of 
Agriculture, 1400 Independence Ave. SW, Stop 1522, Washington, DC 
20250; telephone (202) 720-9631; email [email protected].

SUPPLEMENTARY INFORMATION: Rural Development's Rural Business-
Cooperative Service, Rural Housing Service, and Rural Utilities Service 
are issuing corrections to the final rule that published September 30, 
2024, at 89 FR 79698.

List of Subjects in 7 CFR Part 5001

    Business and industry, Community facility, Energy efficiency 
improvement, Loan programs, Renewable energy, Rural areas, Rural 
development, Water and waste disposal.

    In FR Doc. 2024-21920 published September 30, 2024, beginning on 
page 79698, make the following corrections:

0
1. On page 79699, in the third column, item 11, the title is corrected 
to read ``11. Sec.  5001.116 Ineligible CF Projects''.


0
2. On page 79702, in the third column, item 39a, is corrected to read:
0
a. Sec.  5001.516(c) is updated to inform lenders that payment of real 
estate taxes is considered a protective advance but does not require 
advanced Agency approval.


0
3. On page 79704, in the third column, Instruction 4 for Sec.  5001.3, 
is corrected by removing the words ``commercially available''.


0
4. On page 79711, in the second column, Instruction 14 is corrected to 
read:
0
14. Amend Sec.  5001.106 by revising the first sentence of the 
introductory text, paragraphs (d)(2), (e)(2) and (e)(3) introductory 
text to read as follows:
    For the reasons discussed in the preamble, 7 CFR 5001 is corrected 
by making the following correcting amendments:

PART 5001--GUARANTEED LOANS.

0
1. The authority citation for part 5001 continues to read as follows:

    Authority:  5 U.S.C. 301; 7 U.S.C. 1926(a); 7 U.S.C. 1932(a); 
and 7 U.S.C. 8107.


0
2. Amend Sec.  5001.3 by revising the definition of ``affiliate'' to 
read as follows:


Sec.  5001.3  Definitions.

* * * * *
    Affiliate means a person that is connected with or controlled by 
another organization. Factors such as ownership, management, current 
and previous relationships with or ties to another person, and 
contractual relationships, may be considered in determining whether 
affiliation exists. Affiliation is determined using the principles 
outlined in 13 CFR 121.301(f).
* * * * *

0
3. Amend Sec.  5001.516 by revising paragraph (c) to read as follows:


Sec.  5001.516  Protective advances.

* * * * *
    (c) A lender must obtain written Agency approval for any protective 
advance that will cumulatively amount to more than $200,000, or 10 
percent of the aggregate outstanding balance of principal and interest, 
whichever is less, to the same borrower. Payment of real estate taxes 
by the lender is considered a protective advance, subject to the 
requirements of this section, and does not require Agency advance 
approval.

Basil I. Gooden,
Deputy Under Secretary, Rural Development.
[FR Doc. 2024-28031 Filed 12-6-24; 8:45 am]
BILLING CODE 3410-15-P


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