OneRD Guaranteed Loan Regulation, Corrections
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Issuing agencies
Abstract
On December 10, 2021, Rural Development's Rural Business- Cooperative Service, Rural Housing Service, and Rural Utilities Service (referred to as "the Agency" or "Agency") published a final rule with comment for the OneRD Guaranteed Loan regulation (OneRD). The final rule made necessary revisions to the policy and procedures that strengthened the oversight and management of the growing Community Facilities, Water and Waste Disposal, Business and Industry, and Rural Energy for America guarantee portfolios. Following final implementation of the rule, the Agency found that a correction due to an omission is necessary. This technical correction makes an amendment to fix a paragraph reference.
Full Text
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<title>Federal Register, Volume 87 Issue 135 (Friday, July 15, 2022)</title>
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[Federal Register Volume 87, Number 135 (Friday, July 15, 2022)]
[Rules and Regulations]
[Page 42297]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-15105]
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Rules and Regulations
Federal Register
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having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
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Federal Register / Vol. 87, No. 135 / Friday, July 15, 2022 / Rules
and Regulations
[[Page 42297]]
DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service
Rural Housing Service
Rural Utilities Service
7 CFR Part 5001
[Docket No. RUS-19-Agency-0030]
RIN 0572-AC56
OneRD Guaranteed Loan Regulation, Corrections
AGENCY: Rural Business-Cooperative Service, Rural Housing Service, and
Rural Utilities Service, Department of Agriculture (USDA).
ACTION: Final rule; technical correction.
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SUMMARY: On December 10, 2021, Rural Development's Rural Business-
Cooperative Service, Rural Housing Service, and Rural Utilities Service
(referred to as ``the Agency'' or ``Agency'') published a final rule
with comment for the OneRD Guaranteed Loan regulation (OneRD). The
final rule made necessary revisions to the policy and procedures that
strengthened the oversight and management of the growing Community
Facilities, Water and Waste Disposal, Business and Industry, and Rural
Energy for America guarantee portfolios. Following final implementation
of the rule, the Agency found that a correction due to an omission is
necessary. This technical correction makes an amendment to fix a
paragraph reference.
DATES: Effective July 15, 2022.
FOR FURTHER INFORMATION CONTACT: For questions on this document contact
Susan Woolard, Special Projects Coordinator, Rural Development
Innovation Center, U.S. Department of Agriculture, 1400 Independence
Ave. SW, Stop 1522, Washington, DC 20250; telephone, 202-720-9631;
email, <a href="/cdn-cgi/l/email-protection#c4b7b1b7a5aaeab3ababa8a5b6a084b1b7a0a5eaa3abb2"><span class="__cf_email__" data-cfemail="1d6e686e7c73336a7272717c6f795d686e797c337a726b">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Agency is issuing a technical correction
to the final rule that published December 10, 2021, at 86 FR70349 that
amended 7 CFR part 5001. This correction amends Sec. 5001.126 by
updating the cross-references within paragraph (e) to reflect the
changes to this paragraph the Agency made in the December 2021 rule.
List of Subjects in 7 CFR Part 5001
Business and industry, Community facility, Energy efficiency
improvement, Loan programs, Renewable energy, Rural areas, Rural
development, Water and waste disposal.
For the reasons stated in the preamble, the Agency corrects 7 CFR
part 5001 with the following technical amendment:
0
1. The authority citation for part 5001 continues to read as follows:
Authority: 5 U.S.C. 301; 7 U.S.C. 1926(a); 7 U.S.C. 1932(a); and
7 U.S.C. 8107.
0
2. Amend Sec. 5001.126 by revising paragraph (e) introductory text to
read as follows:
Sec. 5001.126 Borrower Eligibility.
* * * * *
(e) REAP loan guarantees. To be eligible for a loan guarantee under
REAP, a borrower must meet the requirements specified in paragraphs
(e)(1) through (5) of this section.
* * * * *
Justin Maxson,
Deputy Under Secretary, Rural Development.
[FR Doc. 2022-15105 Filed 7-14-22; 8:45 am]
BILLING CODE 3410-XY-P
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