Rural Utilities Service July 2011 – Federal Register Recent Federal Regulation Documents

The Rural Business-Cooperative Service is amending its regulations for the Business and Industry Guaranteed Loan Program to ensure the Agency has sufficient right(s) for reimbursement when an Agency guaranteed portion of a loan is sold to a holder. This action is necessary because the rule is not sufficiently clear that the use of loan funds for purposes not approved by the Agency is a reason to find the guarantee unenforceable regardless of whether the guaranteed portion of the loan has been sold to a holder. This action ensures the Agency has sufficient rights for reimbursement when an Agency guaranteed portion of the loan is sold to a holder.

The Rural Utilities Service (RUS), an agency of the United States Department of Agriculture, announces the Delta Health Care Services Grant Program application window for Fiscal Year 2011 funding of $2,994,000 in grant funds to be competitively awarded for the Delta Health Care Services Grant Program. A NOFA was previously published on April 4, 2011, in the Federal Register, at 76 FR 18513 announcing the Delta Health Care Services Grant Program application window and the availability of $3,000,000 in grant funds that were provided in fiscal year 2010, to be competitively awarded for the Delta Health Care Services Grant Program. We have been informed that, due to the serious flooding and devastating tornadoes in the Delta Region, a number of potential applicants could not complete an application in time to meet the application deadline of June 3, 2011 in the notice of funds availability previously published on April 4, 2011, in the Federal Register, at 76 FR 18513. We believe that it is in the best interests of the residents of the Delta Region to open a second application period to enable those potential applicants and others to have a chance to benefit from this grant program.