[Federal Register Volume 59, Number 87 (Friday, May 6, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10884]
[[Page Unknown]]
[Federal Register: May 6, 1994]
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DEPARTMENT OF AGRICULTURE
Farmers Home Administration
7 CFR Part 1980
RIN 0575-AB67
Business and Industrial Loan Program
AGENCY: Farmers Home Administration and Rural Development
Administration, USDA.
ACTION: Final rule.
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SUMMARY: The Farmers Home Administration (FmHA) and Rural Development
Administration (RDA) adopt their interim rule published August 3, 1993
(58 FR 41171), as a final rule without change. This action makes final
the rule removing the deadline for filing applications for loan
guarantees under the authority of the Dire Emergency Supplemental
Appropriations Act, Public Law 102-368. The intended effect is to
provide no regulatory deadline for filing such applications.
EFFECTIVE DATE: May 6, 1994.
FOR FURTHER INFORMATION CONTACT: M. Wayne Stansbery, Business and
Industry Loan Specialist, Rural Development Administration, USDA, Ag.
Box 3221, Washington, DC 20250-3221, Telephone (202) 720-6819.
SUPPLEMENTARY INFORMATION:
Classification
This rule has been determined to be not-significant for purposes of
Executive Order 12866 and therefore has not been reviewed by OMB.
Programs Affected
The Catalog of Federal Domestic Assistance program impacted by this
action is:
10.768 Business and Industrial Loans.
Intergovernmental Review
As set forth in the final rule and related Notice to 7 CFR part
3015, subpart V, 48 FR 29112, June 24, 1983, Business and Industrial
Loans are subject to the provisions of Executive Order 12372 which
requires intergovernmental consultation with State and local officials.
FmHA and RDA conduct intergovernmental consultation in the manner
delineated in FmHA Instruction 1940-J, ``Intergovernmental Review of
Farmers Home Administration Programs and Activities.''
Civil Justice Reform
This document has been reviewed in accordance with Executive Order
12778. It is the determination of RDA and FmHA that this action does
not unduly burden the Federal Court System in that it meets all
applicable standards provided in section 2 of the Executive Order.
Environmental Impact Statement
The action has been reviewed in accordance with 7 CFR part 1940,
subpart G, ``Environmental Program.'' FmHA and RDA have determined that
this action does not constitute a major Federal action significantly
affecting the quality of the human environment, and, in accordance with
the National Environmental Policy Act of 1969, Public Law 91-190, an
Environmental Impact Statement is not required.
Paperwork Reduction Act
The information collection requirements contained in this
regulation have been approved by the Office of Management and Budget
(OMB) under the provisions of 44 U.S.C. chapter 35 and has been
assigned OMB control number 0575-0029 in accordance with the Paperwork
Reduction Act of 1980 (44 U.S.C. 3507). Send comments regarding this
collection of information, including suggestions for reducing this
burden, to the Office of Management and Budget, Paperwork Reduction
Project (OMB# 0575-0629), Washington, DC 20503. Please send a copy of
your comments to Jack Holston, Agency Clearance Officer, USDA, FmHA, Ag
Box 0743, Washington, DC 20250.
Discussion of the Rule
Business and Industry Disaster (BID) loans guaranteed under the
authority of the Dire Emergency Supplemental Appropriations Act cover
costs arising from the consequences of natural disasters, such as
Hurricanes Andrew and Iniki and Typhoon Omar, that occur after August
23, 1992, and receive a Presidential declaration. Since the legislative
authority to issue guarantees under BID expired on September 30, 1993,
a deadline of July 31, 1993, to file applications was placed in the
regulation. This was intended to give RDA staff time to process any
applications before the guarantee authority expired. Due to additional
disasters that occurred in 1993, the application deadline is removed to
allow additional time to apply for assistance.
This action was published as an interim rule in the Federal
Register on August 3, 1993 (58 FR 41171), with a comment period ending
September 2, 1993. No comments were received.
List of Subjects in 7 CFR Part 1980
Loan programs--Business and Industry--Rural development assistance,
Rural areas.
Accordingly, chapter XVIII, title 7, Code of Federal Regulations,
is amended by adopting the interim rule published August 3, 1993 (58 FR
41171), as a final rule without change.
Dated: April 28, 1994.-
Bob J. Nash,
Under Secretary, Small Community and Rural Development.
[FR Doc. 94-10884 Filed 5-5-94; 8:45 am]
BILLING CODE 3410-07-U
