Rural Economic Development Loan and Grant Program

OMB Control No: 0570-0035	ICR Reference No: 201610-0570-002
Status: Active	Previous ICR Reference No: 201310-0570-001
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: Rural Economic Development Loan and Grant Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/21/2017
Retrieve Notice of Action (NOA)	Date Received in OIRA: 01/03/2017
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2020	36 Months From Approved	02/28/2017
Responses	2,180	0	2,075
Time Burden (Hours)	4,781	0	4,968
Cost Burden (Dollars)	0	0	0

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Abstract: This regulation promulgates the policies and procedures for making zero-interest loans and grants to borrowers in accordance with the cushion of credit payments program authorized in section 313 of the Act (7 U.S.C. 940c).

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Authorizing Statute(s): US Code: 7 USC 940c Name of Law: Rural Electrification Act of 1936

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 68402	10/04/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 96433	12/30/2016
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 Rural Economic Development Loan and Grant Program RD 1940-20, RD 4280-2, RD 4280-6, RD 4280-7, RD 4280-1, RD 4280-4, RD 4280-5, RD 1951-65 Rural Business-Cooperative Service Financial Assistance Agreement ,   Letter of Conditions ,   Loan Agreement ,   Loan - Letter of Conditions ,   Promissory Note ,   Survey of Recipients of Rural Development Loan and Grant Program ,   Request for Environmental Information ,   Customer Initiated Payments Enrollment Form

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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	2,180	2,075	0	0	105	0
Annual Time Burden (Hours)	4,781	4,968	0	0	-187	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: In this renewal submission the 240 burden hours for the SF 270 was removed. SF-270 is now a common form and burden will now be submitted under an RCF. Burden for forms RD 1940-20 (14 hours) and RD 1951-65 (39 hours) was previously shown under “Forms approved under other OMB numbers” is now accounted for in this collection. These changes result in a decrease of -187 burden hours for this submission.

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Annual Cost to Federal Government: $231,000

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Cindy Mason 202 690-1433 [email protected]

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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: 01/03/2017

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