DISCOUNTED PREPAYMENTS ON REA ELECTRIC LOANS

OMB Control No: 0572-0106	ICR Reference No: 199403-0572-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: USDA/RUS	Agency Tracking No:
Title: DISCOUNTED PREPAYMENTS ON REA ELECTRIC LOANS
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/21/1994
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/31/1994
Terms of Clearance: In accordance with the Paperwork Reduction Act and 5 CFR 1320, this information collection request is approved for use through June 1995. Under this clearance, the agency is to provide OMB with a narrative explanation of why this information collection request was not coordinated with the rule, in violation of the Paperwork Reduction Act Specifically, the agency must answer these questions: (1) Why wasn't the ICR submitted with the proposed rule? (2) Why was the information collection request not submitted to OMB until the day before the final rule was to be published, on March 22, 1994? (3) Why does the final rule state that the information collection had been submitted to OMB a time of publication, when it was not? Under this clearance, the agency must also submit to OMB a sample form of the information collection request and explain why it was not included with the original submission. In resubmitting this information collection request, the agency must identify (1) specific burden reductions, (2) uses in information from other sources, and (3) consolidation of collection methods.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/1995	06/30/1995
Responses	150	0	0
Time Burden (Hours)	400	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: THIS INFORMATION ALLOWS ALL REA BORROWERS WITH DIRECT OR INSURED LOANS FOR ELECTRIC FACILITIES THAT HAVE BEEN OUTSTANDING AT LEAST 2 YEARS TO PREPAY AT DISCOUNT TO PRESENT VALUE.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title Form No. Form Name DISCOUNTED PREPAYMENTS ON REA ELECTRIC LOANS

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	150	0	0	150	0	0
Annual Time Burden (Hours)	400	0	0	400	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
		(a) It is necessary for the proper performance of agency functions;
		(b) It avoids unnecessary duplication;
		(c) It reduces burden on small entities;
		(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
		(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
		(f) It indicates the retention periods for recordkeeping requirements;
		(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
			(i) Why the information is being collected;
			(ii) Use of information;
			(iii) Burden estimate;
			(iv) Nature of response (voluntary, required for a benefit, or mandatory);
			(v) Nature and extent of confidentiality; and
			(vi) Need to display currently valid OMB control number;
		(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
		(i) It uses effective and efficient statistical survey methodology (if applicable); and
		(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date: 03/31/1994

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