OneRD Guaranteed Loan Regulation, 97477 [2024-28031]
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Federal Register / Vol. 89, No. 236 / Monday, December 9, 2024 / Rules and Regulations
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§ § 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]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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