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Start Preamble
Start Printed Page 18967
AGENCY:
Rural Business-Cooperative Service, Department of Agriculture (USDA).
ACTION:
Final rule; correcting amendment.
SUMMARY:
On December 21, 2021, Rural Development's Rural Business-Cooperative Service (hereinafter referred to as “the Agency”) published a document that completed a revision to the Intermediary Relending Program (IRP) regulations to streamline process, provide clarity on the daily administration of the program, and incorporate program updates. Following the final implementation of the final rule, the Agency found that a correction due to an error, is necessary. This document corrects the final rule.
DATES:
Effective April 1, 2022.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
For information specific to this notice contact Michele Brooks, Director, Regulations Management, Rural Development Innovation Center—Regulations Management, USDA, 1400 Independence Avenue SW, STOP 1522, Room 4266, South Building, Washington, DC 20250-1522. Telephone: (202) 690-1078. Email michele.brooks@usda.gov.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
The Rural Business-Cooperative Service is issuing a correction to the final rule that published December 21, 2021, at 86 FR 72151. In that rule, an inadvertent error provided an incorrect section reference in § 4274.333(b)(4)(iii). This correcting amendment provides the proper information.
Start List of SubjectsList of Subjects in 7 CFR Part 4274
- Community development
- Loan programs-business
- Reporting and recordkeeping requirements
- Rural areas
For the reasons stated in the preamble, the Rural Business-Cooperative Service corrects 7 CFR part 4274 with the following correcting amendment:
Start PartPART 4274—DIRECT AND INSURED LOANMAKING
End Part Start Amendment Part1. The authority citation for part 4274 continues to read as follows:
End Amendment Part Start Amendment Part2. Amend § 4274.333 by revising (b)(4)(iii) to read as follows:
End Amendment PartStart SignatureLoan agreements between the Agency and the intermediary.* * * * *(b) * * *
(4) * * *
(iii) Annual proposed budget for the following year that meets the requirements of § 4274.332(b)(2); and
* * * * *End Signature End Supplemental InformationKarama Neal,
Administrator, Rural Business-Cooperative Service, U.S. Department of Agriculture.
[FR Doc. 2022-06830 Filed 3-31-22; 8:45 am]
BILLING CODE 3410-XY-P
Document Information
- Effective Date:
- 4/1/2022
- Published:
- 04/01/2022
- Department:
- Rural Business-Cooperative Service
- Entry Type:
- Rule
- Action:
- Final rule; correcting amendment.
- Document Number:
- 2022-06830
- Dates:
- Effective April 1, 2022.
- Pages:
- 18967-18967 (1 pages)
- Docket Numbers:
- Docket No. RBS-20-BUSINESS-0032
- RINs:
- 0570-AA99: Intermediary Relending Program (IRP) (7 CFR 4274 Subpart D)
- RIN Links:
- https://www.federalregister.gov/regulations/0570-AA99/intermediary-relending-program-irp-7-cfr-4274-subpart-d-
- Topics:
- Community development, Loan programs-business, Reporting and recordkeeping requirements, Rural areas
- PDF File:
- 2022-06830.pdf
- Supporting Documents:
- » Updates to Servicing Requirements for Business and Industry Guaranteed Loans
- » Request for Applications: Rural Microentrepreneur Assistance Program; Fiscal Year 2023
- » Request for Applications: Intermediary Relending Program, Fiscal Year 2023
- » OneRD Guaranteed Loan: Corrections
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals: Intermediary Relending Program; OMB Control No.: 0570-0021
- » Agency Information Collection Activities; Proposals, Submissions, and Approvals
- » Request for Applications: Delta Health Care Services Grant Program
- » OneRD Guaranteed Loan Regulation
- » OneRD Guaranteed Loan Initiative
- » Request for Applications: Socially Disadvantaged Groups Grant
- CFR: (1)
- 7 CFR 4274.333