80 FR 59729 - Submission for OMB Review; Comment Request

DEPARTMENT OF AGRICULTURE
Rural Utilities Service

Federal Register Volume 80, Issue 191 (October 2, 2015)

[Federal Register Volume 80, Number 191 (Friday, October 2, 2015)]
[Notices]
[Pages 59729-59730]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-25053]


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DEPARTMENT OF AGRICULTURE

Rural Utility Service


Submission for OMB Review; Comment Request

September 28, 2015.
    The Department of Agriculture has submitted the following 
information collection requirement(s) to Office of Management and 
Budget (OMB) for review and clearance under the Paperwork Reduction Act 
of 1995, Public Law 104-13. Comments regarding (a) whether the 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
burden including the validity of the methodology and assumptions used; 
(c) ways to enhance the quality, utility and clarity of the information 
to be collected; (d) ways to minimize the burden of the collection of 
information on those who are to respond, including through the use of 
appropriate automated, electronic, mechanical, or other technological 
collection techniques or other forms of information technology should 
be addressed to: Desk Officer for Agriculture, Office of Information 
and Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, 725 17th Street NW., Washington, DC 20502. Commenters 
are encouraged to submit their comments to OMB via email to: 
[email protected] or fax (202) 395-5806 and to Departmental 
Clearance Office, USDA, OCIO, Mail Stop 7602, Washington, DC 20250-
7602. Comments regarding these information collections are best assured 
of having their full effect if received within 30 days of this 
notification. Copies of the submission(s) may be obtained by calling 
(202) 720-8681.
    An agency may not conduct or sponsor a collection of information 
unless the collection of information displays a currently valid OMB 
control number and the agency informs potential persons who are to 
respond to the collection of information that such persons are not 
required to respond to the collection of information unless it displays 
a currently valid OMB control number.

Rural Utilities Service

    Title: 7 CFR 1744-E, Borrower Investments--Telecommunications Loan 
Program.
    OMB Control Number: 0572-0098.
    Summary of Collection: The Rural Economic Development Act of 1990, 
Title XXIII of the Farm Bill, Public Law 101-624, authorized qualified 
Rural Utilities Service (RUS) borrowers to make investments in rural 
development projects without the prior approval of the RUS 
Administrator, provided, however that such investments do not cause the 
borrower to exceed its allowable qualified investment level as 
determined in accordance with the procedures set forth in 7 CFR part 
1744, subpart E. RUS requests that the borrower submit (1) a 
description of the rural development project and type of investment; 
(2) a reasonable estimate of the amount the borrower is committed to 
provide to the project including future expenditures; and (3) a pro 
forma balance sheet and cash flow statement for the period covering the 
borrower's future commitments to determine that the ``excess'' or 
proposed ``excess'' investments will not impair the borrower's ability 
to repay the loan or cause financial hardship.
    Need and Use of the Information: RUS will collect information to 
consider whether or not to approve a borrower's request to make an 
investment in a rural development project when such an investment would 
cause the borrower to

[[Page 59730]]

exceed its allowable investment level. If this information was not 
collected, RUS could not thoroughly assess the economic impact of such 
an investment.
    Description of Respondents: Business or other for-profit; Not-for-
profit institutions.
    Number of Respondents: 1.
    Frequency of Responses: Reporting: On occasion.
    Total Burden Hours: 1.

Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. 2015-25053 Filed 10-1-15; 8:45 am]
BILLING CODE 3410-15-P