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| USDA/RBS | RIN: 0570-AA89 | Publication ID: Fall 2014 |
| Title: Methodology and Formulas for Allocation of Loan and Grant Program Funds | |
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Abstract:
The Rural Business-Cooperative Service (RBS) is proposing to amend the 1940-L regulations for allocating programs funds to State offices as follows: 1. Rural Energy for America Program (REAP), Value Added Producer (VAPG), and Intermediary Relending Program (IRP) will be incorporated as State allocated programs, and allocation criteria will be developed for these programs. 2. A provision will be added that enables RBS to utilize the allocation criteria provided by the 1940-L for newly authorized programs without publishing a new 1940-L. 3. A provision will be added that enables RBS the flexibility to change whether a program, for a specific year, will be allocated to States or not. 4. For programs for which State allocations will be made, the allocation provisions will be made consistent for each such RBS program. 5. Update the data sources used to calculate the existing allocation criteria. 6. A provision will be added that enables RBS to change the weightings of the criteria used to make State allocations through the publication of a notice in the Federal Register. |
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| 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 1940-L (To search for a specific CFR, visit the Code of Federal Regulations.) | |
| Legal Authority: 5 USC 301 7 USC 1989 42 USC 1480 | |
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Legal Deadline:
None |
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Timetable:
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| Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
| Small Entities Affected: No | Federalism: No |
| Included in the Regulatory Plan: No | |
| RIN Data Printed in the FR: No | |
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Agency Contact: Chad Parker Deputy Administrator Department of Agriculture Rural Business-Cooperative Service STOP 3220, 1400 Independence Avenue, SW., Washington, DC 20250 Phone:202 720-7287 Fax:202 690-0097 Email: chad.parker@wdc.usda.gov |
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