The collection is used to provide supervised credit as legislatively mandated, ensure when loan funds are used for construction, work is completed according to applicable state and local standards; ensure loan repayment plan is developed using realistic data; and develop a loan assessment.
As a part of this submission, the Agency is correcting the wrongly inclusion of burden in the previous submission for Farm Storage Facility Loan (FSFL) respondents. Under the 2008 Farm Bill, the FSFL is exempt from the PRA and remains exempt from the PRA. This correction accounts for an adjustment decrease of 2,000 respondents, 2,000 responses and 2,500 burden hours.
There are fewer farmers reporting the information accounting for the remaining adjustment decrease of 1,112 respondents, 2,532 responses and 1,563 burden hours. The combination of these two actions results in a total adjustment decrease of -3,112 respondents, -4,532 responses and -4,063 burden hours.
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.