In accordance with 5 CFR 1320, the information collection is approved for three years.
Inventory as of this Action
Requested
Previously Approved
11/30/2022
36 Months From Approved
11/30/2019
37
0
18
9,618
0
4,687
0
0
0
The Rural Utilities Service (RUS) makes mortgage loans and loan guarantees to qualified telephone companies for the purpose of providing telephone service to rural subscribers. The items covered by this information collection package are used to determine an applicant's eligibility to borrower under the terms of Section 201 of the RE Act and for RUS to determine the Government's security for loans is adequately protected.
US Code:
7 USC 901 et seq.
Name of Law: Rural Electrification Act of 1936, as amended
This renewal package is an extension of a currently approved collection, with revisions. There is an adjustment of an overall increase of 4,931 estimated public burden hours for this collection â which is now 9,661 from 4,687 burden hours in the previous collection. This is attributed to an adjustment in the estimate of respondents and responses. The agency has seen an increase in the number of applications for this loan program over the last several years. For this estimate the projected number of respondents expected to submit loan requirements and preloan information has been increased from 17 from the previous collection to 36 for this collection, while respondents submitting proposals for acquisitions and mergers remained at 1. This is based on the FY16-FY18 average.
The change in the estimated number of applications also results in an increase to the annual cost to RUS for application processing to $175,849. There have been no indications of the need to make adjustments to the quantity of estimated burden hours per response. Response time estimates were reviewed and based on information provided in interviews with respondents and others familiar with the collection, no changes were required.
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.