[Federal Register: March 31, 2000 (Volume 65, Number 63)]
[Proposed Rules]
[Page 17206]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr31mr00-24]
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[[Page 17206]]
DEPARTMENT OF AGRICULTURE
Farm Service Agency
7 CFR Part 770
Rural Housing Service
Rural Business-Cooperative Service
Rural Utilities Service
7 CFR Parts 1823 and 1956
[RIN 0560-AF43]
Loans to Indian Tribes and Tribal Corporations
AGENCY: Farm Service Agency, USDA.
ACTION: Proposed rule; extension of comment period.
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SUMMARY: The comment period for the proposed rule is being extended in
order to provide opportunities to further comment on this rule and its
criteria as requested by several parties. This proposed rule was
initially published in the Federal Register on November 2, 1999, (64 FR
59131). This proposed rule will consolidate into one part and to revise
the Indian Tribal Land Acquisition Program (ITLAP) regulations to allow
borrowers to use the loan reserve accounts to purchase additional real
estate and to give borrowers additional servicing options. The proposed
rule also would allow ITLAP funds to be used for certain refinancing
activities; limit the requirement for reserve accounts to loans not
secured by a general assignment of Tribal income; expand the uses
borrowers may make of land purchased with ITLAP funds; require ITLAP
loan applications, in most cases, include a copy of the borrower's
option to purchase the land; and provide for subsequent loans to be
made to ITLAP borrowers.
DATES: Comments on the proposed rule must be received on or before May
1, 2000 to be assured of consideration.
ADDRESSES: Mail comments on the proposed rule to: Arthur Veldon Hall,
Director, Farm Loan Programs, Loan Servicing and Property Management
Division, Farm Service Agency, USDA, 1400 Independence Avenue, S.W.,
STOP 0523, Washington, D.C. 20250-0523, fax number: (202) 690-0949, or
hand deliver them to room 5449-South at the address listed above during
normal business hours.
FOR FURTHER INFORMATION CONTACT: Gary West, Senior Loan Officer, Farm
Loan Programs, Loan Servicing and Property Management Division, Farm
Service Agency, USDA, 1400 Independence Avenue, S.W., STOP 0523,
Washington, D.C. 20250-0523, telephone (202) 690-4008, facsimile (202)
690-0949, electronic mail: gwest@wdc.usda.fsa.gov.
SUPPLEMENTARY INFORMATION
I. Extension of Comment Period
In the Federal Register of November 2, 1999, FSA published a
proposed rule to enunciate eligibility criteria for debt relief options
for ITLAP loans. The comment period closed December 2, 1999, FSA is
soliciting comments from interested persons concerning these elements.
FSA received one request from an indebted FSA ITLAP borrower to
extend the comment period an additional 30 days. In response to the
request, FSA is extending the comment period an additional 30 days.
II. Comments
Interested persons may, on or before May 1, 2000 submit to the Farm
Loan Programs, Loan Servicing and Property Management Division (address
above) written comments regarding the proposed rule. Two copies of any
comments are to be submitted except that individuals may submit one
copy. All written comments are available for public inspection from 9
a.m. to 4 p.m., Monday through Friday at the address listed above.
Signed at Washington, D.C., on March 23, 2000.
August Schumacher, Jr.,
Under Secretary for Farm and Foreign Agricultural Services.
[FR Doc. 00-8004 Filed 3-30-00; 8:45 am]
BILLING CODE 3410-05-P
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