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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
0572-0032
ICR Reference No:
202001-0572-004
Status:
Active
Previous ICR Reference No:
201811-0572-002
Agency/Subagency:
USDA/RUS
Agency Tracking No:
Title:
RUS Electric Loan Application and Related Reporting Burdens
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
01/27/2022
Retrieve Notice of Action (NOA)
Date Received in OIRA:
04/15/2021
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2025
36 Months From Approved
01/31/2022
Responses
2,803
0
2,803
Time Burden (Hours)
41,634
0
41,634
Cost Burden (Dollars)
0
0
0
Abstract:
This is a submission for approval of a non-material change request based on the upcoming publication of regulations streamlining procedures for Electric Program borrowers, including loan application requirements, approval of work plans and load forecasts, which will result in a reduction of response time from respondents. Regulation revisions also allow RUS to rely on the borrowers' year end filed Financial and Operating Reports unless the borrower has failed to meet applicable financial ratios, as required by its security instrument and loan contract. The agency estimates that the numbers of respondents will be reduced by this change, reducing the annualized burden. The regulation revisions remove requirements for borrowers and/or applicants to submit Board of Directors' resolutions resulting in a reduction of response time.
Authorizing Statute(s):
US Code:
7 USC 6941
Name of Law: Fed Crop Ins. Reform/Dept of Ag Reorg. Act of 1994
US Code:
7 USC 901
Name of Law: Rural Electrification Act of 1936
Citations for New Statutory Requirements:
PL: Pub.L. 110 - 246 6001 Name of Law: Food, Conservation and Energy Act of 2008
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
85 FR 41531
07/10/2020
30-day Notice:
Federal Register Citation:
Citation Date:
86 FR 19211
04/13/2021
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
RUS Electric Loan Application and Related Reporting Burdens
(Former Form 7), RUS Form 726, RUS 266, RUS 740g, RUS 740c, RUS 325, (Former Form 12)
Long Range Financial Forecast
,
Cost Estimates and Loan Budget for Electric Borrowers
,
Application for Headquarters Facilities
,
Compliance Assurance
,
Distribution Loan Application Checklist and Index
,
Financial & Operating Report-Distribution Borrowers
,
Financial &Operating Reprot -Power Supply
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
2,803
2,803
0
0
0
0
Annual Time Burden (Hours)
41,634
41,634
0
0
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
Annual Cost to Federal Government:
$2,058,516
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?
No
Agency Contact:
Robin Jones 202 772-1172 robin.m.jones@wdc.usda.gov
Common Form ICR:
No
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:
04/15/2021
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