80_FR_47661 80 FR 47509 - Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates

80 FR 47509 - Mortgage and Loan Insurance Programs Under the National Housing Act-Debenture Interest Rates

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Federal Register Volume 80, Issue 152 (August 7, 2015)

Page Range47509-47510
FR Document2015-19391

This notice announces changes in the interest rates to be paid on debentures issued with respect to a loan or mortgage insured by the Federal Housing Administration under the provisions of the National Housing Act (the Act). The interest rate for debentures issued under section 221(g)(4) of the Act during the 6-month period beginning July 1, 2015, is 2\1/8\ percent. The interest rate for debentures issued under any other provision of the Act is the rate in effect on the date that the commitment to insure the loan or mortgage was issued, or the date that the loan or mortgage was endorsed (or initially endorsed if there are two or more endorsements) for insurance, whichever rate is higher. The interest rate for debentures issued under these other provisions with respect to a loan or mortgage committed or endorsed during the 6-month period beginning July 1, 2015, is 2\7/8\ percent. However, as a result of an amendment to section 224 of the Act, if an insurance claim relating to a mortgage insured under sections 203 or 234 of the Act and endorsed for insurance after January 23, 2004, is paid in cash, the debenture interest rate for purposes of calculating a claim shall be the monthly average yield, for the month in which the default on the mortgage occurred, on United States Treasury Securities adjusted to a constant maturity of 10 years.

Federal Register, Volume 80 Issue 152 (Friday, August 7, 2015)
[Federal Register Volume 80, Number 152 (Friday, August 7, 2015)]
[Notices]
[Pages 47509-47510]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19391]



[[Page 47509]]

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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5847-N-02]


Mortgage and Loan Insurance Programs Under the National Housing 
Act--Debenture Interest Rates

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: This notice announces changes in the interest rates to be paid 
on debentures issued with respect to a loan or mortgage insured by the 
Federal Housing Administration under the provisions of the National 
Housing Act (the Act). The interest rate for debentures issued under 
section 221(g)(4) of the Act during the 6-month period beginning July 
1, 2015, is 2\1/8\ percent. The interest rate for debentures issued 
under any other provision of the Act is the rate in effect on the date 
that the commitment to insure the loan or mortgage was issued, or the 
date that the loan or mortgage was endorsed (or initially endorsed if 
there are two or more endorsements) for insurance, whichever rate is 
higher. The interest rate for debentures issued under these other 
provisions with respect to a loan or mortgage committed or endorsed 
during the 6-month period beginning July 1, 2015, is 2\7/8\ percent. 
However, as a result of an amendment to section 224 of the Act, if an 
insurance claim relating to a mortgage insured under sections 203 or 
234 of the Act and endorsed for insurance after January 23, 2004, is 
paid in cash, the debenture interest rate for purposes of calculating a 
claim shall be the monthly average yield, for the month in which the 
default on the mortgage occurred, on United States Treasury Securities 
adjusted to a constant maturity of 10 years.

FOR FURTHER INFORMATION CONTACT: Yong Sun, Department of Housing and 
Urban Development, 451 Seventh Street SW., Room 5148, Washington, DC 
20410-8000; telephone (202) 402-4778 (this is not a toll-free number). 
Individuals with speech or hearing impairments may access this number 
through TTY by calling the toll-free Federal Information Relay Service 
at (800) 877-8339.

SUPPLEMENTARY INFORMATION: Section 224 of the National Housing Act (12 
U.S.C. 1715o) provides that debentures issued under the Act with 
respect to an insured loan or mortgage (except for debentures issued 
pursuant to section 221(g)(4) of the Act) will bear interest at the 
rate in effect on the date the commitment to insure the loan or 
mortgage was issued, or the date the loan or mortgage was endorsed (or 
initially endorsed if there are two or more endorsements) for 
insurance, whichever rate is higher. This provision is implemented in 
HUD's regulations at 24 CFR 203.405, 203.479, 207.259(e)(6), and 
220.830. These regulatory provisions state that the applicable rates of 
interest will be published twice each year as a notice in the Federal 
Register.
    Section 224 further provides that the interest rate on these 
debentures will be set from time to time by the Secretary of HUD, with 
the approval of the Secretary of the Treasury, in an amount not in 
excess of the annual interest rate determined by the Secretary of the 
Treasury pursuant to a statutory formula based on the average yield of 
all outstanding marketable Treasury obligations of maturities of 15 or 
more years.
    The Secretary of the Treasury (1) has determined, in accordance 
with the provisions of section 224, that the statutory maximum interest 
rate for the period beginning July 1, 2015, is 2\7/8\ percent; and (2) 
has approved the establishment of the debenture interest rate by the 
Secretary of HUD at 2\7/8\ percent for the 6-month period beginning 
July 1, 2015. This interest rate will be the rate borne by debentures 
issued with respect to any insured loan or mortgage (except for 
debentures issued pursuant to section 221(g)(4)) with insurance 
commitment or endorsement date (as applicable) within the latter 6 
months of 2015.
    For convenience of reference, HUD is publishing the following chart 
of debenture interest rates applicable to mortgages committed or 
endorsed since January 1, 1980:

------------------------------------------------------------------------
        Effective  interest  rate           on or after      prior to
------------------------------------------------------------------------
9\1/2\..................................    Jan. 1, 1980    July 1, 1980
9\7/8\..................................    July 1, 1980    Jan. 1, 1981
11\3/4\.................................    Jan. 1, 1981    July 1, 1981
12\7/8\.................................    July 1, 1981    Jan. 1, 1982
12\3/4\.................................    Jan. 1, 1982    Jan. 1, 1983
10\1/4\.................................    Jan. 1, 1983    July 1, 1983
10\3/8\.................................    July 1, 1983    Jan. 1, 1984
11\1/2\.................................    Jan. 1, 1984    July 1, 1984
13\3/8\.................................    July 1, 1984    Jan. 1, 1985
11\5/8\.................................    Jan. 1, 1985    July 1, 1985
11\1/8\.................................    July 1, 1985    Jan. 1, 1986
10\1/4\.................................    Jan. 1, 1986    July 1, 1986
8\1/4\..................................    July 1, 1986    Jan. 1. 1987
8.......................................    Jan. 1, 1987    July 1, 1987
9.......................................    July 1, 1987    Jan. 1, 1988
9\1/8\..................................    Jan. 1, 1988    July 1, 1988
9\3/8\..................................    July 1, 1988    Jan. 1, 1989
9\1/4\..................................    Jan. 1, 1989    July 1, 1989
9.......................................    July 1, 1989    Jan. 1, 1990
8\1/8\..................................    Jan. 1, 1990    July 1, 1990
9.......................................    July 1, 1990    Jan. 1, 1991
8\3/4\..................................    Jan. 1, 1991    July 1, 1991
8\1/2\..................................    July 1, 1991    Jan. 1, 1992
8.......................................    Jan. 1, 1992    July 1, 1992
8.......................................    July 1, 1992    Jan. 1, 1993
7\3/4\..................................    Jan. 1, 1993    July 1, 1993
7.......................................    July 1, 1993    Jan. 1, 1994
6\5/8\..................................    Jan. 1, 1994    July 1, 1994
7\3/4\..................................    July 1, 1994    Jan. 1, 1995
8\3/8\..................................    Jan. 1, 1995    July 1, 1995
7\1/4\..................................    July 1, 1995    Jan. 1, 1996
6\1/2\..................................    Jan. 1, 1996    July 1, 1996
7\1/4\..................................    July 1, 1996    Jan. 1, 1997
6\3/4\..................................    Jan. 1, 1997    July 1, 1997
7\1/8\..................................    July 1, 1997    Jan. 1, 1998
6\3/8\..................................    Jan. 1, 1998    July 1, 1998
6\1/8\..................................    July 1, 1998    Jan. 1, 1999
5\1/2\..................................    Jan. 1, 1999    July 1, 1999
6\1/8\..................................    July 1, 1999    Jan. 1, 2000
6\1/2\..................................    Jan. 1, 2000    July 1, 2000
6\1/2\..................................    July 1, 2000    Jan. 1, 2001
6.......................................    Jan. 1, 2001    July 1, 2001
5\7/8\..................................    July 1, 2001    Jan. 1, 2002
5\1/4\..................................    Jan. 1, 2002    July 1, 2002
5\3/4\..................................    July 1, 2002    Jan. 1, 2003
5.......................................    Jan. 1, 2003    July 1, 2003
4\1/2\..................................    July 1, 2003    Jan. 1, 2004
5\1/8\..................................    Jan. 1, 2004    July 1, 2004
5\1/2\..................................    July 1, 2004    Jan. 1, 2005
4\7/8\..................................    Jan. 1, 2005    July 1, 2005
4\1/2\..................................    July 1, 2005    Jan. 1, 2006
4\7/8\..................................    Jan. 1, 2006    July 1, 2006
5\3/8\..................................    July 1, 2006    Jan. 1, 2007
4\3/4\..................................    Jan. 1, 2007    July 1, 2007
5.......................................    July 1, 2007    Jan. 1, 2008
4\1/2\..................................    Jan. 1, 2008    July 1, 2008
4\5/8\..................................    July 1, 2008    Jan. 1, 2009
4\1/8\..................................    Jan. 1, 2009    July 1, 2009
4\1/8\..................................    July 1, 2009    Jan. 1, 2010
4\1/4\..................................    Jan. 1, 2010    July 1, 2010
4\1/8\..................................    July 1, 2010    Jan. 1, 2011
3\7/8\..................................    Jan. 1, 2011    July 1, 2011
4\1/8\..................................    July 1, 2011    Jan. 1, 2012
2\7/8\..................................    Jan. 1, 2012    July 1, 2012
2\3/4\..................................    July 1, 2012    Jan. 1, 2013
2\1/2\..................................    Jan. 1, 2013    July 1, 2013
2\7/8\..................................    July 1, 2013    Jan. 1, 2014
3\5/8\..................................    Jan. 1, 2014    July 1, 2014
3\1/4\..................................    July 1, 2014    Jan. 1, 2015
3.......................................    Jan. 1, 2015    July 1, 2015
2\7/8\..................................    July 1, 2015    Jan. 1, 2016
------------------------------------------------------------------------

    Section 215 of Division G, Title II of Public Law 108-199, enacted 
January 23, 2004 (HUD's 2004 Appropriations Act) amended section 224 of 
the Act, to change the debenture interest rate for purposes of 
calculating certain insurance claim payments made in cash. Therefore, 
for all claims paid in cash on mortgages insured under section 203 or 
234 of the National Housing Act and endorsed for insurance after 
January 23, 2004, the debenture interest rate will be the monthly 
average yield, for the month in which the default on the mortgage 
occurred, on United States Treasury Securities adjusted to a constant 
maturity of 10 years, as found in Federal Reserve Statistical Release 
H-

[[Page 47510]]

15. The Federal Housing Administration has codified this provision in 
HUD regulations at 24 CFR 203.405(b) and 24 CFR 203.479(b).
    Section 221(g)(4) of the Act provides that debentures issued 
pursuant to that paragraph (with respect to the assignment of an 
insured mortgage to the Secretary) will bear interest at the ``going 
Federal rate'' in effect at the time the debentures are issued. The 
term ``going Federal rate'' is defined to mean the interest rate that 
the Secretary of the Treasury determines, pursuant to a statutory 
formula based on the average yield on all outstanding marketable 
Treasury obligations of 8- to 12-year maturities, for the 6-month 
periods of January through June and July through December of each year. 
Section 221(g)(4) is implemented in the HUD regulations at 24 CFR 
221.255 and 24 CFR 221.790.
    The Secretary of the Treasury has determined that the interest rate 
to be borne by debentures issued pursuant to section 221(g)(4) during 
the 6-month period beginning July 1, 2015, is 2\1/8\ percent.
    The subject matter of this notice falls within the categorical 
exemption from HUD's environmental clearance procedures set forth in 24 
CFR 50.19(c)(6). For that reason, no environmental finding has been 
prepared for this notice.

    Authority: Sections 211, 221, 224, National Housing Act, 12 
U.S.C. 1715b, 1715l, 1715o; Section 7(d), Department of HUD Act, 42 
U.S.C. 3535(d).

    Dated: July 23, 2015.
Edward L. Golding,
Principal Deputy Assistant Secretary for Housing.
[FR Doc. 2015-19391 Filed 8-6-15; 8:45 am]
BILLING CODE 4210-67-P



                                                                             Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices                                                               47509

                                              DEPARTMENT OF HOUSING AND                               commitment to insure the loan or                                   Effective
                                              URBAN DEVELOPMENT                                       mortgage was issued, or the date the                               interest           on or after         prior to
                                                                                                      loan or mortgage was endorsed (or                                    rate
                                              [Docket No. FR–5847–N–02]
                                                                                                      initially endorsed if there are two or
                                                                                                                                                                       9 ................   July   1,   1990   Jan.   1,   1991
                                              Mortgage and Loan Insurance                             more endorsements) for insurance,                                83⁄4 ............    Jan.   1,   1991   July   1,   1991
                                              Programs Under the National Housing                     whichever rate is higher. This provision                         81⁄2 ............    July   1,   1991   Jan.   1,   1992
                                              Act—Debenture Interest Rates                            is implemented in HUD’s regulations at                           8 ................   Jan.   1,   1992   July   1,   1992
                                                                                                      24 CFR 203.405, 203.479, 207.259(e)(6),                          8 ................   July   1,   1992   Jan.   1,   1993
                                              AGENCY:  Office of the Assistant                        and 220.830. These regulatory                                    73⁄4 ............    Jan.   1,   1993   July   1,   1993
                                              Secretary for Housing—Federal Housing                   provisions state that the applicable rates                       7 ................   July   1,   1993   Jan.   1,   1994
                                              Commissioner, HUD.                                      of interest will be published twice each                         65⁄8 ............    Jan.   1,   1994   July   1,   1994
                                                                                                      year as a notice in the Federal Register.                        73⁄4 ............    July   1,   1994   Jan.   1,   1995
                                              ACTION: Notice.
                                                                                                                                                                       83⁄8 ............    Jan.   1,   1995   July   1,   1995
                                                                                                         Section 224 further provides that the
                                                                                                                                                                       71⁄4 ............    July   1,   1995   Jan.   1,   1996
                                              SUMMARY:    This notice announces                       interest rate on these debentures will be                        61⁄2 ............    Jan.   1,   1996   July   1,   1996
                                              changes in the interest rates to be paid                set from time to time by the Secretary                           71⁄4 ............    July   1,   1996   Jan.   1,   1997
                                              on debentures issued with respect to a                  of HUD, with the approval of the                                 63⁄4 ............    Jan.   1,   1997   July   1,   1997
                                              loan or mortgage insured by the Federal                 Secretary of the Treasury, in an amount                          71⁄8 ............    July   1,   1997   Jan.   1,   1998
                                              Housing Administration under the                        not in excess of the annual interest rate                        63⁄8 ............    Jan.   1,   1998   July   1,   1998
                                              provisions of the National Housing Act                  determined by the Secretary of the                               61⁄8 ............    July   1,   1998   Jan.   1,   1999
                                              (the Act). The interest rate for                        Treasury pursuant to a statutory formula                         51⁄2 ............    Jan.   1,   1999   July   1,   1999
                                              debentures issued under section                         based on the average yield of all                                61⁄8 ............    July   1,   1999   Jan.   1,   2000
                                              221(g)(4) of the Act during the 6-month                                                                                  61⁄2 ............    Jan.   1,   2000   July   1,   2000
                                                                                                      outstanding marketable Treasury                                  61⁄2 ............    July   1,   2000   Jan.   1,   2001
                                              period beginning July 1, 2015, is 21⁄8                  obligations of maturities of 15 or more                          6 ................   Jan.   1,   2001   July   1,   2001
                                              percent. The interest rate for debentures               years.                                                           57⁄8 ............    July   1,   2001   Jan.   1,   2002
                                              issued under any other provision of the                    The Secretary of the Treasury (1) has                         51⁄4 ............    Jan.   1,   2002   July   1,   2002
                                              Act is the rate in effect on the date that              determined, in accordance with the                               53⁄4 ............    July   1,   2002   Jan.   1,   2003
                                              the commitment to insure the loan or                    provisions of section 224, that the                              5 ................   Jan.   1,   2003   July   1,   2003
                                              mortgage was issued, or the date that the               statutory maximum interest rate for the                          41⁄2 ............    July   1,   2003   Jan.   1,   2004
                                              loan or mortgage was endorsed (or                       period beginning July 1, 2015, is 27⁄8                           51⁄8 ............    Jan.   1,   2004   July   1,   2004
                                              initially endorsed if there are two or                                                                                   51⁄2 ............    July   1,   2004   Jan.   1,   2005
                                                                                                      percent; and (2) has approved the
                                                                                                                                                                       47⁄8 ............    Jan.   1,   2005   July   1,   2005
                                              more endorsements) for insurance,                       establishment of the debenture interest                          41⁄2 ............    July   1,   2005   Jan.   1,   2006
                                              whichever rate is higher. The interest                  rate by the Secretary of HUD at 27⁄8                             47⁄8 ............    Jan.   1,   2006   July   1,   2006
                                              rate for debentures issued under these                  percent for the 6-month period                                   53⁄8 ............    July   1,   2006   Jan.   1,   2007
                                              other provisions with respect to a loan                 beginning July 1, 2015. This interest rate                       43⁄4 ............    Jan.   1,   2007   July   1,   2007
                                              or mortgage committed or endorsed                       will be the rate borne by debentures                             5 ................   July   1,   2007   Jan.   1,   2008
                                              during the 6-month period beginning                     issued with respect to any insured loan                          41⁄2 ............    Jan.   1,   2008   July   1,   2008
                                              July 1, 2015, is 27⁄8 percent. However, as              or mortgage (except for debentures                               45⁄8 ............    July   1,   2008   Jan.   1,   2009
                                              a result of an amendment to section 224                 issued pursuant to section 221(g)(4))                            41⁄8 ............    Jan.   1,   2009   July   1,   2009
                                              of the Act, if an insurance claim relating                                                                               41⁄8 ............    July   1,   2009   Jan.   1,   2010
                                                                                                      with insurance commitment or
                                                                                                                                                                       41⁄4 ............    Jan.   1,   2010   July   1,   2010
                                              to a mortgage insured under sections                    endorsement date (as applicable) within                          41⁄8 ............    July   1,   2010   Jan.   1,   2011
                                              203 or 234 of the Act and endorsed for                  the latter 6 months of 2015.                                     37⁄8 ............    Jan.   1,   2011   July   1,   2011
                                              insurance after January 23, 2004, is paid                  For convenience of reference, HUD is                          41⁄8 ............    July   1,   2011   Jan.   1,   2012
                                              in cash, the debenture interest rate for                publishing the following chart of                                27⁄8 ............    Jan.   1,   2012   July   1,   2012
                                              purposes of calculating a claim shall be                debenture interest rates applicable to                           23⁄4 ............    July   1,   2012   Jan.   1,   2013
                                              the monthly average yield, for the                      mortgages committed or endorsed since                            21⁄2 ............    Jan.   1,   2013   July   1,   2013
                                              month in which the default on the                       January 1, 1980:                                                 27⁄8 ............    July   1,   2013   Jan.   1,   2014
                                              mortgage occurred, on United States                                                                                      35⁄8 ............    Jan.   1,   2014   July   1,   2014
                                              Treasury Securities adjusted to a                         Effective                                                      31⁄4 ............    July   1,   2014   Jan.   1,   2015
                                                                                                        interest            on or after              prior to          3 ................   Jan.   1,   2015   July   1,   2015
                                              constant maturity of 10 years.
                                                                                                          rate                                                         27⁄8 ............    July   1,   2015   Jan.   1,   2016
                                              FOR FURTHER INFORMATION CONTACT:
                                              Yong Sun, Department of Housing and                     91⁄2 ............     Jan.   1,   1980        July   1,   1980     Section 215 of Division G, Title II of
                                              Urban Development, 451 Seventh Street                   97⁄8 ............     July   1,   1980        Jan.   1,   1981   Public Law 108–199, enacted January
                                              SW., Room 5148, Washington, DC                          113⁄4 ..........      Jan.   1,   1981        July   1,   1981   23, 2004 (HUD’s 2004 Appropriations
                                              20410–8000; telephone (202) 402–4778                    127⁄8 ..........      July   1,   1981        Jan.   1,   1982   Act) amended section 224 of the Act, to
                                              (this is not a toll-free number).                       123⁄4 ..........      Jan.   1,   1982        Jan.   1,   1983
                                                                                                      101⁄4 ..........      Jan.   1,   1983        July   1,   1983
                                                                                                                                                                       change the debenture interest rate for
                                              Individuals with speech or hearing                                                                                       purposes of calculating certain
                                                                                                      103⁄8 ..........      July   1,   1983        Jan.   1,   1984
                                              impairments may access this number                      111⁄2 ..........      Jan.   1,   1984        July   1,   1984   insurance claim payments made in cash.
                                              through TTY by calling the toll-free                    133⁄8 ..........      July   1,   1984        Jan.   1,   1985   Therefore, for all claims paid in cash on
                                              Federal Information Relay Service at                    115⁄8 ..........      Jan.   1,   1985        July   1,   1985   mortgages insured under section 203 or
                                              (800) 877–8339.                                         111⁄8 ..........      July   1,   1985        Jan.   1,   1986   234 of the National Housing Act and
                                              SUPPLEMENTARY INFORMATION: Section                      101⁄4 ..........      Jan.   1,   1986        July   1,   1986   endorsed for insurance after January 23,
                                                                                                      81⁄4 ............     July   1,   1986        Jan.   1.   1987
tkelley on DSK3SPTVN1PROD with NOTICES




                                              224 of the National Housing Act (12                                                                                      2004, the debenture interest rate will be
                                                                                                      8 ................    Jan.   1,   1987        July   1,   1987   the monthly average yield, for the
                                              U.S.C. 1715o) provides that debentures
                                                                                                      9 ................    July   1,   1987        Jan.   1,   1988
                                              issued under the Act with respect to an                 91⁄8 ............     Jan.   1,   1988        July   1,   1988
                                                                                                                                                                       month in which the default on the
                                              insured loan or mortgage (except for                    93⁄8 ............     July   1,   1988        Jan.   1,   1989   mortgage occurred, on United States
                                              debentures issued pursuant to section                   91⁄4 ............     Jan.   1,   1989        July   1,   1989   Treasury Securities adjusted to a
                                              221(g)(4) of the Act) will bear interest at             9 ................    July   1,   1989        Jan.   1,   1990   constant maturity of 10 years, as found
                                              the rate in effect on the date the                      81⁄8 ............     Jan.   1,   1990        July   1,   1990   in Federal Reserve Statistical Release H–


                                         VerDate Sep<11>2014   18:24 Aug 06, 2015   Jkt 235001   PO 00000   Frm 00060      Fmt 4703     Sfmt 4703   E:\FR\FM\07AUN1.SGM           07AUN1


                                              47510                          Federal Register / Vol. 80, No. 152 / Friday, August 7, 2015 / Notices

                                              15. The Federal Housing Administration                  survival permit (EOS) under the                       that the proposed CCAA and permit
                                              has codified this provision in HUD                      Endangered Species Act of 1973, as                    issuance are eligible for categorical
                                              regulations at 24 CFR 203.405(b) and 24                 amended (ESA). The permit application                 exclusion under NEPA. The basis for
                                              CFR 203.479(b).                                         includes a draft candidate conservation               our preliminary determination is
                                                 Section 221(g)(4) of the Act provides                agreement with assurances (CCAA)                      contained in an EAS. We invite
                                              that debentures issued pursuant to that                 between Smith Creek Ranch LTD and                     comments from all interested parties on
                                              paragraph (with respect to the                          the Service for the greater sage-grouse               the application, including the CCAA
                                              assignment of an insured mortgage to                    on private rangelands in Churchill and                and the EAS.
                                              the Secretary) will bear interest at the                Lander Counties, Nevada. We invite
                                                                                                                                                            Background Information
                                              ‘‘going Federal rate’’ in effect at the time            comments from all interested parties on
                                              the debentures are issued. The term                     the application, including the draft                     Private and other non-Federal
                                              ‘‘going Federal rate’’ is defined to mean               CCAA, and a draft environmental action                property owners are encouraged to enter
                                              the interest rate that the Secretary of the             statement (EAS) prepared pursuant to                  into CCAAs, in which they voluntarily
                                              Treasury determines, pursuant to a                      the requirements of the National                      undertake management activities on
                                              statutory formula based on the average                  Environmental Policy Act (NEPA).                      their properties to enhance, restore, or
                                              yield on all outstanding marketable                     DATES: To ensure consideration, written               maintain habitat benefiting species that
                                              Treasury obligations of 8- to 12-year                   comments must be received from                        are proposed for listing under the ESA,
                                              maturities, for the 6-month periods of                  interested parties no later than                      candidates for listing, or species that
                                              January through June and July through                   September 8, 2015.                                    may become candidates or proposed for
                                              December of each year. Section 221(g)(4)                ADDRESSES: To request further                         listing. Through a CCAA and its
                                              is implemented in the HUD regulations                   information or submit written                         associated EOS permit, the Service
                                              at 24 CFR 221.255 and 24 CFR 221.790.                   comments, please use one of the                       provides assurances to property owners
                                                 The Secretary of the Treasury has                    following methods, and note that your                 that they will not be subjected to
                                              determined that the interest rate to be                 information request or comments are in                increased land use restrictions if the
                                              borne by debentures issued pursuant to                  reference to the Smith Creek Ranch LTD                covered species become listed under the
                                              section 221(g)(4) during the 6-month                    CCAA.                                                 ESA in the future, provided the CCAA
                                              period beginning July 1, 2015, is 21⁄8                     Internet: Documents may be viewed                  is being properly implemented and the
                                              percent.                                                on the Internet at http://www.fws.gov/                EOS permit conditions are met.
                                                 The subject matter of this notice falls              nevada.                                               Application requirements and issuance
                                              within the categorical exemption from                      Email: marcy_haworth@fws.gov.                      criteria for EOS permits for CCAAs are
                                              HUD’s environmental clearance                           Include ‘‘Smith Creek Ranch CCAA’’ in                 found in the Code of Regulations (CFR)
                                              procedures set forth in 24 CFR                          the subject line of the message or                    at 50 CFR 17.22(d) and 17.32 (d),
                                              50.19(c)(6). For that reason, no                        comments.                                             respectively. See also our joint policy on
                                              environmental finding has been                             U.S. Mail: U.S. Fish and Wildlife                  CCAAs, which we published in the
                                              prepared for this notice.                               Service, Reno Fish and Wildlife Office,               Federal Register with the Department of
                                                Authority: Sections 211, 221, 224, National           1340 Financial Boulevard, Suite 234,                  Commerce’s National Oceanic and
                                              Housing Act, 12 U.S.C. 1715b, 1715l, 1715o;             Reno, NV 89502.                                       Atmospheric Administration, National
                                              Section 7(d), Department of HUD Act, 42                    Fax: 775–861–6301. Include ‘‘Smith                 Marine Fisheries Service (64 FR 32726;
                                              U.S.C. 3535(d).                                         Creek Ranch CCAA’’ in the subject line                June 17, 1999), as well as our revisions
                                                Dated: July 23, 2015.                                 of the message or comments.                           to that policy (69 FR 24084; May 3,
                                                                                                         In-Person Viewing or Pickup:                       2004).
                                              Edward L. Golding,
                                                                                                      Documents will be available for public                   On March 23, 2010, the Service
                                              Principal Deputy Assistant Secretary for
                                                                                                      inspection by appointment during                      published a 12-month finding in the
                                              Housing.
                                                                                                      normal business hours at the Reno Fish                Federal Register (75 FR 13910) that the
                                              [FR Doc. 2015–19391 Filed 8–6–15; 8:45 am]
                                                                                                      and Wildlife Office (address above).                  greater sage-grouse warrants listing
                                              BILLING CODE 4210–67–P
                                                                                                      FOR FURTHER INFORMATION CONTACT:                      under the ESA as threatened or
                                                                                                      Edward D. Koch, Field Supervisor, Reno                endangered throughout is range, but this
                                                                                                      Fish and Wildlife Office (see                         action was precluded by other higher
                                              DEPARTMENT OF THE INTERIOR                              ADDRESSES); by telephone (775–861–                    priority listing actions. In anticipation
                                                                                                      6300), or by facsimile (775–861–6301).                of a future listing decision by the
                                              Fish and Wildlife Service
                                                                                                      If you use a telecommunications device                Service, the applicant requested
                                              [FWS–R8–ES–2015–N124: FF08ENVD00–                       for the deaf (TDD), please call the                   assistance from the Service in
                                              FXES11130800000–156]                                    Federal Information Relay Service at                  developing a CCAA addressing the
                                                                                                      800–877–8339.                                         needs of the greater sage-grouse on
                                              Endangered and Threatened Wildlife
                                                                                                      SUPPLEMENTARY INFORMATION: We have                    lands owned in Churchill and Lander
                                              and Plants; Enhancement of Survival
                                                                                                      received an application from Smith                    Counties, Nevada. Under the proposed
                                              Permit Application; Greater Sage-
                                                                                                      Creek Ranch LTD for an EOS permit                     CCAA, the applicant will address
                                              Grouse Candidate Conservation
                                                                                                      under the ESA. The permit application                 threats to the greater sage-grouse
                                              Agreement With Assurances for Smith
                                                                                                      includes a CCAA between the applicant                 through implementation of conservation
                                              Creek Ranch LTD
                                                                                                      and the Service for the greater sage-                 measures that are consistent with their
                                              AGENCY:   Fish and Wildlife Service,                    grouse (Centrocercus urophasianus) in                 land use activities and the CCAA.
tkelley on DSK3SPTVN1PROD with NOTICES




                                              Interior.                                               Churchill and Lander Counties, Nevada.                Through the issuance of an EOS permit,
                                              ACTION: Notice of availability; request                 The Service and the applicant prepared                pursuant to section 10(a)(1)(A) of the
                                              for comments.                                           the CCAA to provide the applicant with                ESA, the applicant would be authorized
                                                                                                      the opportunity to voluntarily conserve               to incidentally take greater sage-grouse
                                              SUMMARY:  We, the U.S. Fish and                         the greater sage-grouse and its habitat               in the course of implementing the
                                              Wildlife Service (Service), have received               while carrying out ranch operations. We               CCAA if the species becomes listed
                                              an application for an enhancement of                    have made a preliminary determination                 under the ESA in the future, as long as


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Document Created: 2015-12-15 10:56:25
Document Modified: 2015-12-15 10:56:25
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
ContactYong Sun, Department of Housing and Urban Development, 451 Seventh Street SW., Room 5148, Washington, DC 20410-8000; telephone (202) 402-4778 (this is not a toll-free number). Individuals with speech or hearing impairments may access this number through TTY by calling the toll-free Federal Information Relay Service at (800) 877-8339.
FR Citation80 FR 47509 

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