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USDA/RUS

RIN: 0572-AC11

Publication ID: Fall 2008

Title: ●2008 Farm Bill, Water and Waste Loans and Grants
Abstract: Rural Development Utilities Programs proposes to amend regulation 7 CFR 1780 to implement the provisions of the 2008 Farm Bill for interest rates. Interest rates on loans subject to 5 or 7 percent interest rate limitations will be established at rates equal to a percentage of current market yields for outstanding municipal obligations. Sections 1780.13 (b) and (c) must be changed to reflect the correct interest rate language. The interest rate changes will enable more communities that could not afford higher interest rates to obtain loan financing. Thus, the Utilities Programs may make more loans to communities, thus preserving grant funds for truly needy communities. Reaching more communities that need Federal assistance is the intended result.
Agency: Department of Agriculture(USDA)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Prerule Stage
Major: Undetermined	Unfunded Mandates: No
CFR Citation: 7 CFR 1780, sec 6011     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: PL 100-246

Legal Deadline:  None

Timetable: Action Date FR Cite Begin Review  11/00/2008

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Federalism: No
Included in the Regulatory Plan: No
RIN Data Printed in the FR: No
Agency Contact: Michele L. Brooks Director, Regulations Management Team, RD Innovation Center Department of Agriculture Rural Utilities Service Room 5159 South Building, STOP 1522, 1400 Independence Avenue SW, Washington, DC 20250 Phone:202 690-1078 Email: michele.brooks@wdc.usda.gov