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Home » 2022 Issues » 87 FR (07/15/2022) » 2022-15105. OneRD Guaranteed Loan Regulation, Corrections

  2022-15105. OneRD Guaranteed Loan Regulation, Corrections

  • Start Preamble Start Printed Page 42297

    AGENCY:

    Rural Business-Cooperative Service, Rural Housing Service, and Rural Utilities Service, Department of Agriculture (USDA).

    ACTION:

    Final rule; technical correction.

    SUMMARY:

    On December 10, 2021, Rural Development's Rural Business-Cooperative Service, Rural Housing Service, and Rural Utilities Service (referred to as “the Agency” or “Agency”) published a final rule with comment for the OneRD Guaranteed Loan regulation (OneRD). The final rule made necessary revisions to the policy and procedures that strengthened the oversight and management of the growing Community Facilities, Water and Waste Disposal, Business and Industry, and Rural Energy for America guarantee portfolios. Following final implementation of the rule, the Agency found that a correction due to an omission is necessary. This technical correction makes an amendment to fix a paragraph reference.

    DATES:

    Effective July 15, 2022.

    Start Further Info

    FOR FURTHER INFORMATION CONTACT:

    For questions on this document contact Susan Woolard, Special Projects Coordinator, Rural Development Innovation Center, U.S. Department of Agriculture, 1400 Independence Ave. SW, Stop 1522, Washington, DC 20250; telephone, 202-720-9631; email, susan.woolard@usda.gov .

    End Further Info End Preamble Start Supplemental Information

    SUPPLEMENTARY INFORMATION:

    The Agency is issuing a technical correction to the final rule that published December 10, 2021, at 86 FR70349 that amended 7 CFR part 5001. This correction amends § 5001.126 by updating the cross-references within paragraph (e) to reflect the changes to this paragraph the Agency made in the December 2021 rule.

    Start List of Subjects

    List of Subjects in 7 CFR Part 5001

    • Business and industry
    • Community facility
    • Energy efficiency improvement
    • Loan programs
    • Renewable energy
    • Rural areas
    • Rural development
    • Water and waste disposal
    End List of Subjects

    For the reasons stated in the preamble, the Agency corrects 7 CFR part 5001 with the following technical amendment:

    Start Amendment Part

    1. The authority citation for part 5001 continues to read as follows:

    End Amendment Part Start Authority

    Authority: 5 U.S.C. 301; 7 U.S.C. 1926(a); 7 U.S.C. 1932(a); and 7 U.S.C. 8107.

    End Authority Start Amendment Part

    2. Amend § 5001.126 by revising paragraph (e) introductory text to read as follows:

    End Amendment Part
    Borrower Eligibility.
    * * * * *

    (e) REAP loan guarantees. To be eligible for a loan guarantee under REAP, a borrower must meet the requirements specified in paragraphs (e)(1) through (5) of this section.

    * * * * *
    Start Signature

    Justin Maxson,

    Deputy Under Secretary, Rural Development.

    End Signature End Supplemental Information

    [FR Doc. 2022-15105 Filed 7-14-22; 8:45 am]

    BILLING CODE 3410-XY-P

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Document Information

Effective Date:
7/15/2022
Published:
07/15/2022
Department:
Rural Utilities Service
Entry Type:
Rule
Action:
Final rule; technical correction.
Document Number:
2022-15105
Dates:
Effective July 15, 2022.
Pages:
42297-42297 (1 pages)
Docket Numbers:
Docket No. RUS-19-Agency-0030
RINs:
0572-AC56: Changes to 7 CFR 5001--OneRD Guarantee Loan Regulation
RIN Links:
https://www.federalregister.gov/regulations/0572-AC56/changes-to-7-cfr-5001-onerd-guarantee-loan-regulation-
Topics:
Business and industry, Loan programs, Renewable energy, Rural areas
PDF File:
2022-15105.pdf
Supporting Documents:
» Change in the Lease-Up Reserve Calculation for the Section 538 Guaranteed Rural Rental Housing Program
» Single Family Housing Guaranteed Loan Program
» OneRD Guaranteed Loan: Corrections
» OneRD Annual Guarantee Fee Rates, Periodic Retention Fee Rates, Loan Guarantee Percentage and Fee for Issuance of the Loan Note Guarantee Prior to Construction Completion for Fiscal Year 2023
» Single Family Housing Repair Pilot
» Funds Availability: Rural Placemaking Innovation Challenge for Fiscal Year 2022
» Rural Development Policy on Exclusion of Populations
» Agency Information Collection Activities; Proposals, Submissions, and Approvals: Agriculture Innovation Center Demonstration Program
» Request for Applications: Housing Preservation Grants for Fiscal Year 2022
» OneRD Guaranteed Loan Initiative
CFR: (1)
7 CFR 5001.126