Request for Approval to Sell Capital Assets

OMB Control No: 0572-0020	ICR Reference No: 201901-0572-009
Status: Active	Previous ICR Reference No: 201512-0572-001
Agency/Subagency: USDA/RUS	Agency Tracking No:
Title: Request for Approval to Sell Capital Assets
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: 11/04/2019
Retrieve Notice of Action (NOA)	Date Received in OIRA: 02/21/2019
Terms of Clearance: In accordance with 5 CFR 1320, the information collection is approved for three years.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2022	36 Months From Approved	11/30/2019
Responses	33	0	5
Time Burden (Hours)	99	0	15
Cost Burden (Dollars)	0	0	0

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Abstract: A borrower's assets provide the security for a Government loan. Selling of assets reduces the security and increases the risk to the Government. RUS Form 369 allows the borrowers to seek agency permission to sell some of its assets.

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Authorizing Statute(s): US Code: 7 USC 901 Name of Law: RE 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:
	83 FR 55688	11/07/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 5404	02/21/2019
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 Request for Approval to Sell Capital Assets 369 REQUEST FOR APPROVAL TO SELL CAPITAL ASSETS

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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	33	5	0	28	0	0
Annual Time Burden (Hours)	99	15	0	84	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: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: This renewal package requests a revision of a currently approved collection. There is no change in the regulations, program operations, other than salary rates however, there is an increase in responses and burden hours due to economic factors. The sale of assets are very broad. They are not strictly sales of capital assets, they include transfers, exchanges/swaps, easements for ingress/egress, and condemnations etc. In addition, we are starting to see new headquarters buildings, therefore the old ones are being sold or parcels of land are being carved out and sold, etc., all of these situations has caused the increase in responses we have seen.

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Annual Cost to Federal Government: $2,028

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: Robin Jones 202 772-1172 [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: 02/21/2019

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