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USDA/RBS RIN: 0570-AA84 Publication ID: Fall 2014 
Title: Intermediary Relending Program--Regulatory Amendment 
Abstract:

The purpose of this action is to address several issues based on an OIG audit conducted on the IRP in June 2010. The Agency is making changes to the regulation as it relates to oversight controls, such as revising Form RD 1951-5, "IRP Field Visit Form," and other administrative items. The Agency is addressing the definition "revolved funds" as it relates to Federal funds, which has led to confusion among RBS staff; providing guidance on the number of alternative recipients to visit per intermediary; and to finding the requirement of "prompt" relending as it relates to intermediary requesting subsequence loan.

 
Agency: Department of Agriculture(USDA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 7 CFR 4274   
Legal Authority: 42 USC 9812(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Direct Final Rule  06/03/2014  79 FR 31845   
Direct Final Rule Effective  09/02/2014 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Merged with 0570-AA86 
Agency Contact:
Lori Pittman
Business Loan and Grant Analyst, Program Management Division
Department of Agriculture
Rural Business-Cooperative Service
STOP 3225, 1400 Independence Avenue SW,
Washington, DC 20250-3225
Phone:202 720-9815
Fax:202 720-2213
Email: lori.pittman@usda.gov