This collection of information implements RUS policies and procedures for settlement of debt owed by electric borrowers. This collection requires only information essential for determining the need for debt settlement; the amount of relief needed; amount of debt that can be repaid; scheduling of repayment; and, opportunities for enhancing the amount of debt that can be recovered.
The -1,000 decrease in burden hours is estimated because of the size and scope of operations of the financially troubled borrower. The borrower is a small stand-alone community with limited generation assets and sales opportunities. Any restructuring effort will not have to involve negotiations with other creditors or include extensive analysis on the sale of excess energy to non-members.
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:
(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;
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.
SUPPORTING STATEMENT 0572-0116.doc
Form 36 0572-0116 April 2009.xls
7 CFR Part 1717, Subpart Y, "Settlement of Debt Owed by Electric Borrowers"