[Federal Register Volume 63, Number 9 (Wednesday, January 14, 1998)]
[Rules and Regulations]
[Page 2135]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-922]
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Rules and Regulations
Federal Register
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This section of the FEDERAL REGISTER contains regulatory documents
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to and codified in the Code of Federal Regulations, which is published
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Federal Register / Vol. 63, No. 9 / Wednesday, January 14, 1998 /
Rules and Regulations
[[Page 2135]]
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DEPARTMENT OF AGRICULTURE
Rural Housing Service
Rural Business-Cooperative Service
Rural Utilities Service
Farm Service Agency
7 CFR Part 1930
Management and Supervision of Multiple Family Housing Borrowers
and Grant Recipients
agency: Rural Housing Service, USDA.
action: Final rule.
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summary: Rural Housing Service is revising its regulation by deleting
the year a publication referenced was last revised. This publication is
the ``Government Auditing Standards.'' The intended effect of this
action is that future revisions of the ``General Accounting Office
Standards'' will not necessitate a change to the RHS regulation.
effective date: January 14, 1998.
for further information contact: Patrick N. Sheridan, Acting Director,
Multi-Family Housing Portfolio Management Division, Rural Housing
Service, U.S. Department of Agriculture, Room 5321, STOP 0782, 1400
Independence Avenue, S.W., Washington, D.C. 20250-0782, telephone:
(202) 720-1600.
supplementary information:
Classification
This action is not subject to the provisions of Executive Order
12866 since it involves only internal Agency management. This action is
not published for prior notice and comment under the Administrative
Procedure Act since it involves only internal Agency management and
publication for comment is unnecessary and contrary to the public
interest.
Environmental Impact Statement
This action has been reviewed in accordance with 7 CFR part 1940,
subpart G, ``Environmental Program.'' The Agency has 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.
Programs Affected
This change affects the following RHS programs as listed in the
Catalog of Federal Domestic Assistance: 10.405, ``Farm Labor Housing
Loans and Grants,'' 10.411, ``Rural Housing Site Loans and Self-Help
Housing Land Development Loans,'' 10.415, ``Rural Rental Housing
Loans,'' and 10.427, ``Rural Rental Assistance Payments.''
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 have been
assigned OMB control number 0575-0033 in accordance with the Paperwork
Reduction Act of 1980 (U.S.C. 3507). This final rule does not revise or
impose any new information collection requirements from those
previously approved by OMB.
Unfunded Mandates Reform Act
Title II of the Unfunded Mandates Reform Act of 1995 (UMRA), Public
Law 104-4, establishes requirements for Federal agencies to assess the
effects of their regulatory actions on State, local and tribal
governments, and the private sector. Under section 202 of the UMRA, the
agency generally must prepare a written statement, including a cost-
benefit analysis, for proposed and final rules with ``Federal
mandates'' that may result in expenditures to State, local, or tribal
governments, in the aggregate, or to the private sector, of $100
million or more in any one year. When such a statement is needed for a
rule, section 205 of the UMRA generally requires the agency to identify
and consider a reasonable number of regulatory alternatives and adopt
the least burdensome alternative that achieves the objectives of the
rule.
This rule contains no Federal mandates (under the regulatory
provisions of Title II of the UMRA) for State, local and tribal
governments, or the private sector. Thus, today's rule is not subject
to the requirements of sections 202 and 205 of the UMRA.
Discussion
7 CFR 1930.122(b)(4)(i)(A)(1), refers to the ``Government Audit
Standards (1988 Revision).'' This rulemaking deletes the words ``(1988
Revision).'' The reason for this rulemaking change is to eliminate
changes to the RHS regulation because of future revisions to the
``Government Auditing Standards.''
List of Subjects in 7 CFR Part 1930
Accounting, Administrative practice and procedure, Grant programs-
Housing and community development, Loan programs-Housing and community
development, Low and moderate income housing, Reporting and
recordkeeping requirements.
Accordingly, chapter XVIII, title 7, Code of Federal Regulations is
amended as follows:
PART 1930--GENERAL
1. The authority citation for part 1930 is revised to read as
follows:
Authority: 5 U.S.C. 301: 7 U.S.C. 1989; 16 U.S.C. 1005.
Subpart C--Management and Supervision of Multiple Family Housing
Borrowers and Grant Recipients
Sec. 1930.122 [Amended]
2. Section 1930.122 (b)(4)(i)(A)(1) is amended by removing the
reference, ``(1988 Revision).''
Dated: January 5, 1998.
Jill Long Thompson,
Under Secretary for Rural Development.
[FR Doc. 98-922 Filed 1-13-98; 8:45 am]
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