Rural Utilities Service February 28, 2005 – Federal Register Recent Federal Regulation Documents

Business and Industry Guaranteed Loan Program Annual Renewal Fee
Document Number: 05-3775
Type: Proposed Rule
Date: 2005-02-28
Agency: Department of Agriculture, Rural Business-Cooperative Service, Rural Utilities Service
The Rural Business-Cooperative Service (RBS) proposes to amend its regulation for Business and Industry (B&I) Guaranteed Loans to remove all references to a one-time, specific loan guarantee fee and provide the authority for the charging of an annual renewal fee on all loans obligated after the publication of the final rule. The intended effect of this rule is to reduce the subsidy rate for guaranteed loans and its associated budget authority dollar level, which will result in a greater level of assistance to the public (i.e., higher supportable loan level). A notice will be published in the Federal Register each fiscal year that will establish the guarantee fee and any annual renewal fees for loans obligated during that fiscal year.
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