[Federal Register: December 26, 2001 (Volume 66, Number 247)]
[Proposed Rules]
[Page 66359]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26de01-19]
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[[Page 66359]]
DEPARTMENT OF AGRICULTURE
Rural Utilities Service
7 CFR Part 1710
RIN 0572-AB71
Treasury Rate Direct Loan Program
AGENCY: Rural Utilities Service, USDA.
ACTION: Proposed rule.
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SUMMARY: In fiscal year 2001, Congress provided funding to establish a
Treasury rate direct loan program to address the backlog of qualified
loan applications for insured municipal rate electric loans from RUS.
RUS administered the Treasury rate loan program in a manner
substantially the same as it administered the municipal rate program
under a Notice of Funding Availability (NOFA) published in the Federal
Register at 65 FR 80830 on December 22, 2000. Title III of the
Agriculture, Rural Development, Food and Drug Administration and
Related Agencies Appropriations Act, 2002 authorizes a direct Treasury
rate electric loan program of $750 million for FY 2002. RUS is
proposing to amend its regulations to establish rules and regulations
to administer the Treasury rate direct loan program.
In the final rule section of this Federal Register, RUS is
publishing this action as a direct final rule without prior proposal
because RUS views this as a non-controversial action and anticipates no
adverse comments. If no adverse comments are received in response to
the direct final rule, no further action will be taken on this proposed
rule and the action will become effective at the time specified in the
direct final rule. If RUS receives adverse comments, a document will be
published withdrawing the direct final rule and all public comments
received will be addressed in a subsequent final rule. Any parties
interested in commenting on this proposed action should do so at this
time.
DATES: Comments on this proposed action must be received on or before
January 25, 2002.
ADDRESSES: Submit adverse comments or notice of intent to submit
adverse comments to F. Lamont Heppe, Jr., Director, Program Development
and Regulatory Analysis, Rural Utilities Service, U.S. Department of
Agriculture, 1400 Independence Ave., SW., STOP 1522, Washington, DC
20250-1522. RUS suggests a signed original and three copies of all
comments (7CFR 1700.4). All comments received will be made available
for public inspection at room 4030, South Building, Washington, DC,
between 8 a.m. and 4 p.m. (7CFR 1.27(b)).
FOR FURTHER INFORMATION CONTACT: Robert O. Ellinger, Chief, Policy
Analysis and Loan Management Staff, Rural Utilities Service, Electric
Program, Room 4041 South Building, Stop 1560, 1400 Independence Ave.,
SW., Washington, DC 20250-1560, Telephone: (202) 720-0424, FAX (202)
690-0717, E-mail rellinge@rus.usda.gov.
SUPPLEMENTARY INFORMATION: See the Supplementary Information provided
in the direct final rule located in the final rule section of this
Federal Register for the applicable supplementary information on this
action.
Dated: December 18, 2001.
Hilda Gay Legg,
Administrator, Rural Utilities Service.
[FR Doc. 01-31575 Filed 12-21-01; 8:45 am]
BILLING CODE 3410-15-P
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