View Information Collection Request (ICR) Package
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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:
0572-0020
ICR Reference No:
202204-0572-001
Status:
Active
Previous ICR Reference No:
201901-0572-009
Agency/Subagency:
USDA/RUS
Agency Tracking No:
Title:
Request for Approval to Sell Capital Assets
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 without change
Conclusion Date:
01/11/2023
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/03/2022
Terms of Clearance:
In accordance with 5 CFR 1320, the information collection is approved for three years. OMB requests, given that physical submission of the information is currently the only available option, that the shipping costs and transport to the post office be considered in capital cost calculations. OMB also requests that digital submission options be evaluated and considered for the next ICR. OMB additionally reminds the agency that, according to 5 CFR 1320.8(b)(3), the burden statement on a form should include the reason for the collection, whether it is voluntary or mandatory (and by what authority), and a contact for burden comments. Lastly, OMB would like to remind the agency of the requirements, in accordance with 1320.5(a)(1)(iii) (G), to submit copies of the statutory authority to collect the information, and the statute that allows the authority to collect information.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
01/31/2026
36 Months From Approved
01/31/2023
Responses
33
0
33
Time Burden (Hours)
165
0
99
Cost Burden (Dollars)
0
0
0
Abstract:
A borrower's assets provide the security for a Government loan. Selling of assets reduces the security and increases the risk to the Government. RUS Form 369 allows the borrowers to seek agency permission to sell some of its assets.
Authorizing Statute(s):
US Code:
7 USC 901
Name of Law: RE Act of 1936
Citations for New Statutory Requirements:
None
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:
87 FR 42994
07/19/2022
30-day Notice:
Federal Register Citation:
Citation Date:
87 FR 65732
11/01/2022
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
Request for Approval to Sell Capital Assets
369
REQUEST FOR APPROVAL TO SELL CAPITAL ASSETS
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
33
33
0
0
0
0
Annual Time Burden (Hours)
165
99
0
66
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
This renewal package requests a revision of a currently approved collection. There is an increase in burden of 66 hours due to the addition of the SAM registration requirement.
Annual Cost to Federal Government:
$4,529
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:
Kimble Brown 202 692-0042 kimble.brown@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:
11/03/2022
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