You are on page 1of 1


Notices Federal Register
Vol. 66, No. 139

Thursday, July 19, 2001

This section of the FEDERAL REGISTER SBAs are mandatory for Multi-Family Copies of this information collection
contains documents other than rules or Housing (MFH) reserve accounts. The can be obtained from Tracy Gillin,
proposed rules that are applicable to the MFH funds must be kept in the SBA for Regulations and Paperwork
public. Notices of hearings and investigations, the full term of a loan. Any funds Management Branch, at (202) 692–0039.
committee meetings, agency decisions and withdrawn for disbursement for an
rulings, delegations of authority, filing of Comments
authorized purpose require a
petitions and applications and agency
statements of organization and functions are countersignature from an Agency
Comments are invited on: (a) Whether
examples of documents appearing in this official.
This regulation prescribes the policies the proposed collection of information
section. is necessary for the proper performance
and responsibilities for the use of SBAs.
In carrying out their mission as a of the functions of the Agencies,
DEPARTMENT OF COMMERCE supervised credit Agency, this including whether the information will
regulation authorizes the use of have practical utility; (b) the accuracy of
Rural Housing Service, et al. supervised accounts for the Agencies’ estimate of the burden of the
disbursement of funds. The use may be proposed collection of information
Request for Reinstatement of a necessitated to disburse Government including the validity of the
Previously Approved Information funds consistent with the various stages methodology and assumptions used; (c)
Collection of any development (construction) work ways to enhance the quality, utility and
actually achieved. On limited occasions, clarity of the information to be
AGENCIES: Rural Housing Service, Rural
a supervised account is used to provide collected; and (d) ways to minimize the
Business-Cooperative Service, Rural
temporary credit counseling and burden of the collection of information
Utilities Service, and Farm Service
oversight of those being assisted who on those who are to respond, including
Agency, USDA.
demonstrate an inability to handle their through the use of appropriate
ACTION: Notice and request for comment. financial affairs responsibly. Another automated, electronic, mechanical, or
use is for depositing multi-housing other technological collection
SUMMARY: In accordance with the
reserve account funds in a manner
Paperwork Reduction Act of 1995, this techniques or other forms of information
requiring Agency co-signature for
notice announces the Agencies’ technology. Comments may be sent to
withdrawals. Multi-housing reserve
intention to request reinstatement of a account funds are held in a sinking fund Tracy Gillin, Regulations and
previously approved information for the future capital improvement Paperwork Management Branch, U.S.
collection in support of the Agencies’ needs for apartment projects. Department of Agriculture, Rural
use of supervised bank accounts (SBA). Supervised accounts are established to Development, STOP 0742, 1400
DATES: Comments on this notice must be ensure Government security is Independence Ave. SW., Washington,
received by September 17, 2001 to be adequately protected against fraud, DC 20250. All responses to this notice
assured of consideration. waste, and abuse. will be summarized and included in the
FOR FURTHER INFORMATION CONTACT: The legislative authority for requiring request for OMB approval. All
James E. Vollmer, Senior Loan the use of supervised accounts is comments will also become a matter of
Specialist, Multi-Family Housing contained in Section 339 of the public record.
Portfolio Management Division, RHS, Consolidated Farm and Rural
July 11, 2001.
STOP 0782, U.S. Department of Development Act (CON ACT), as
amended (7 U.S.C. 1989), and Section John W. Williams,
Agriculture, 1400 Independence Avenue
SW., Washington, DC 20250–0782. 510 of the Housing Act of 1949, as Acting Administrator, Farm Service Agency.
Telephone: (202) 720–1060. amended (42 U.S.C. 1480). These July 12, 2001.
provisions authorize the Secretary of Blaine D. Stockton,
Title: 7 CFR 1902–A, Supervised Bank Agriculture to make such rules and
Acting Administrator, Rural Utilities Service.
Accounts. regulations as deemed necessary to
carry out the responsibilities and duties July 12, 2001.
OMB Number: 0575–0158.
the Government is charged with James C. Alsop,
Type of Request: Reinstatement of
administering. Acting Administrator, Rural Housing Service.
information collection. Estimate of Burden: Public reporting
Abstract: The Agencies extend burden for this information collection is July 13, 2001.
financial assistance to applicants that do estimated to average .42 hours per William F. Hagy III,
not qualify for loans under commercial response. Acting Administrator, Rural Business-
rates and terms. Respondents: The primary Cooperative Service.
The Agencies use SBAs as a respondents are small businesses. [FR Doc. 01–18064 Filed 7–18–01; 8:45 am]
temporary mechanism to (1) ensure Estimated Number of Respondents:
correct disbursement and expenditure of 20,000.

all funds designated for a project; (2) Estimated Number of Responses per
help a borrower properly manage its Respondent: 3.1.
financial affairs; and (3) ensure that the Estimated Number of Responses:
Government’s security is protected 62,000.
adequately from fraud, waste, and Estimated Total Annual Burden on
abuse. Respondents: 26,040 hours.

VerDate 11<MAY>2000 17:33 Jul 18, 2001 Jkt 194001 PO 00000 Frm 00001 Fmt 4703 Sfmt 4703 E:\FR\FM\19JYN1.SGM pfrm07 PsN: 19JYN1