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8007

Rules and Regulations Federal Register


Vol. 73, No. 29

Tuesday, February 12, 2008

This section of the FEDERAL REGISTER which requires intergovernmental not subject to the requirements of
contains regulatory documents having general consultation with State and local sections 202 and 205 of the UMRA.
applicability and legal effect, most of which officials. RHS conducts
are keyed to and codified in the Code of Regulatory Flexibility Act
intergovernmental consultations for
Federal Regulations, which is published under each loan in the manner delineated in This rule has been reviewed with
50 titles pursuant to 44 U.S.C. 1510. regard to the requirements of the
7 CFR part 3015, subpart V.
The Code of Federal Regulations is sold by Regulatory Flexibility Act (5 U.S.C.
Civil Justice Reform 601–612). The undersigned has
the Superintendent of Documents. Prices of
new books are listed in the first FEDERAL This rule has been reviewed under determined and certified by signature of
REGISTER issue of each week. Executive Order 12988, Civil Justice this document that this rule will not
Reform. In accordance with this rule: (1) have a significant economic impact on
All State and local laws and regulations a substantial number of small entities
DEPARTMENT OF AGRICULTURE that are in conflict with this rule will be since this rulemaking action does not
preempted; (2) no retroactive effect will involve a new or expanded program.
Rural Housing Service be given to this rule; and (3) Federalism
administrative proceedings of the
7 CFR Part 1951 National Appeals Division (7 CFR part The policies contained in this rule do
11) must be exhausted before bringing not have any substantial direct effect on
Form RD 1951–33, ‘‘Reamortization States, on the relationship between the
Request’’ suit in court challenging action taken
under this rule. national government and the States, or
AGENCY: Rural Housing Service, USDA. on the distribution of power and
Environmental Impact Statement responsibilities among the various
ACTION: Final rule.
The action has been reviewed in levels of government. Nor does this rule
SUMMARY: The Rural Housing Service accordance with 7 CFR part 1940, impose substantial direct compliance
(RHS) hereby amends the regulation subpart G, ‘‘Environmental Program.’’ costs on State and local governments.
utilized to service the Community The Agency has determined that this Therefore, consultation with the States
Facilities loan and grant programs and action does not constitute a major is not required.
the Business Programs direct loan Federal action significantly affecting the Implementation
program by revising the form number quality of the human environment and,
for reamortization requests. The form It is the policy of this Department that
in accordance with the National
was mistakenly made obsolete during rules relating to public property, loans,
Environmental Policy Act of 1969, 42
the implementation of regulations grants, benefits, or contracts shall
U.S.C. 4321, et seq., an Environmental
changes for the Multi-Family Housing comply with 5 U.S.C. 553,
Impact Statement is not required.
program. This final rule will correct the notwithstanding the exemption of that
form reference. Unfunded Mandates Reform Act section with respect to such rules.
DATES: Effective Date: February 12, Title II of the Unfunded Mandates Paperwork Reduction Act
2008. Reform Act of 1995 (UMRA), Public The information collection and record
FOR FURTHER INFORMATION CONTACT: Beth Law 104–4, established requirements for keeping requirements contained in this
Jones, Community Programs Senior Federal agencies to assess the effects of regulation have been approved by the
Loan Specialist, Rural Housing Service, their regulatory actions on State, local, Office of Management and Budget
U.S. Department of Agriculture, STOP and tribal governments and the private (OMB) under OMB control number
0787, 1400 Independence Ave., SW., sector. Under section 202 of the UMRA, 0575–0066.
Washington, DC 20250–0787, telephone: RHS generally must prepare a written
statement, including a cost-benefit E-Government Act Compliance
(202) 720–1498.
SUPPLEMENTARY INFORMATION:
analysis, for proposed and final rules The Rural Housing Service is
with ‘‘Federal mandates’’ that may committed to complying with the
Classification result in expenditures to State, local, or E-Government Act, to promote the use
This rule is not a significant tribal governments, in the aggregate, or of the Internet and other information
regulatory action as defined in to the private sector, of $100 million or technologies to provide increased
Executive Order 12866 and, therefore, more in any one year. When such a opportunities for citizen access to
publication for public notice and statement is needed for a rule, section Government information and services,
comment is unnecessary. 205 of the UMRA generally requires and for other purposes.
RHS to identify and consider a
Programs Affected reasonable number of regulatory Discussion
The Catalog of Federal Domestic alternatives and adopt the least costly, The reference to ‘‘Form RD 3560–15’’
Assistance Program impacted by this most cost-effective, or least burdensome in 7 CFR 1951.223(b)(4) and (c)(3) was
action is 10.766, Community Facilities alternative that achieves the objectives originally ‘‘Form RD 1951–33.’’ Form
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Loans and Grants. of the rule. This rule contains no RD 1951–33 was mistakenly made
Federal mandates (under the regulatory obsolete and replaced with Form RD
Intergovernmental Review provisions of title II of the UMRA) for 3560–15, when revisions were
This program is subject to the State, local, and tribal governments or implemented for the Multi-Family
provisions of Executive Order 12372, the private sector. Therefore, this rule is Housing program. This final rule will

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8008 Federal Register / Vol. 73, No. 29 / Tuesday, February 12, 2008 / Rules and Regulations

change the form reference, in the Dated: January 25, 2008. is 30 days from the date of publication
regulation, back to Form RD 1951–33, Russell T. Davis, in the Federal Register during which
which is the form used to process Administrator, Rural Housing Service. either or both Houses of Congress are in
reamortizations for Community Facility [FR Doc. E8–2538 Filed 2–11–08; 8:45 am] session. Based on the records of the
loans. BILLING CODE 3410–XV–P sessions of Congress, the effective date
List of Subjects in 7 CFR Part 1951 of the regulations is February 6, 2008.
Accounting servicing, Grant DATES: Effective Date: The regulation
programs—Housing and community FARM CREDIT ADMINISTRATION. amending 12 CFR part 620 published on
development, Reporting requirements, December 4, 2007 (72 FR 68060) is
12 CFR Part 620
Rural areas. effective February 6, 2008.
■ Therefore, Chapter XVIII, Title 7, RIN 3052–AC37
FOR FURTHER INFORMATION CONTACT:
Code of Federal Regulations, is
amended as follows: Disclosure to Shareholders; Annual Christopher D. Wilson, Policy Analyst,
Report to Shareholders; Effective Date Office of Regulatory Policy, Farm Credit
PART 1951—SERVICING AND Administration, McLean, VA 22102–
AGENCY: Farm Credit Administration.
COLLECTIONS 5090, (703) 883–4414, TTY (703) 883–
ACTION: Notice of effective date.
4434; or Bob Taylor, Attorney Advisor,
■ 1. The authority citation for part 1951
SUMMARY: The Farm Credit Office of General Counsel, Farm Credit
continues to read as follows:
Administration (FCA) published a final Administration, McLean, VA 22102–
Authority: 5 U.S.C. 301; 7 U.S.C. 1932; 7 rule under part 620 on December 4, 5090, (703) 883–4020, TTY (703) 883–
U.S.C. 1989; 31 U.S.C. 3716; 42 U.S.C. 1480.
2007 (72 FR 68060). This final rule 4020.
Subpart E—Servicing of Community amends our regulations to allow Farm (12 U.S.C. 2252(a)(9) and (10))
and Direct Business Programs Loans Credit System institutions 90 calendar
days to prepare and distribute annual Dated: February 6, 2008.
and Grants
reports to shareholders while retaining Roland E. Smith,
■ 2. Section 1951.223 is amended by the 75 calendar day requirement for Secretary, Farm Credit Administration Board.
revising the words ‘‘Form RD 3560–15’’ electronic reporting and distribution to [FR Doc. 08–607 Filed 2–11–08; 8:45 am]
to ‘‘Form RD 1951–33’’ in paragraphs the FCA. In accordance with 12 U.S.C. BILLING CODE 6705–01–M
(b)(4) and (c)(3). 2252, the effective date of the final rule
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