Federal Register - July 2, 2021
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Source: Federal Register
35262
Federal Register / Vol. 86, No. 125 / Friday, July 2, 2021 / Notices
summarized in the request for OMB
approval.
The Rural BusinessCooperative Service RBCS, Rural Housing Service RHS, and the Rural Utilities Service RUS, agencies of the Rural Development mission area within the U.S. Department of Agriculture USDA, hereinafter collectively referred to as the Agency, offer loan guarantees through four programs: Community Facilities CF administered by RHS;
Water and Waste Disposal WWD
administered by the RUS; and Business and Industry B&I and Rural Energy for America Program REAP administered by the RBCS. This notice provides applicants with the Guarantee Fee rates, Guarantee percent for Guaranteed Loans, the Periodic Retention Fee, and Fee for Issuance of the Loan Note Guarantee Prior to Construction Completion for Fiscal Year FY 2022, to be used when applying for guaranteed loans under the aforementioned guaranteed loan types. This notice is being published prior to the passage of a FY 2022 appropriation. Should the fees need to be adjusted after passage of the FY 2022 appropriation bill, the agency will publish a subsequent notice in the Federal Register.
SUMMARY:
Signed at Washington, DC, June 28, 2021.
Kevin L. Barnes, Associate Administrator.
FR Doc. 202114169 Filed 7121; 8:45 am BILLING CODE 341020P
DEPARTMENT OF AGRICULTURE
Rural Business-Cooperative Service Rural Housing Service Rural Utilities Service Docket No. RUS21Agency0011
OneRD Annual Notice of Guarantee Fee Rates, Periodic Retention Fee Rates, Loan Guarantee Percentage and Fee for Issuance of the Loan Note Guarantee Prior to Construction Completion for Fiscal Year 2022
Rural Business-Cooperative Service, Rural Housing Service and Rural Utilities Service, USDA.
ACTION: Notice.
AGENCY:
Guarantee fee %
Loan type
lotter on DSK11XQN23PROD with NOTICES1
B&I
B&I Reduced Fee
B&I project in a high cost, isolated rural area of the State of Alaska that is not connected to a road system
CF
REAP
WWD
The initial guarantee fee is paid at the time the loan note guarantee is issued.
The periodic guarantee retention fee is paid by the lender to the Agency once a year. Payment of the periodic guarantee retention fee is required in order to maintain the enforceability of the guarantee. The fee for issuance of the loan note guarantee prior to construction completion DOES NOT
apply to all construction loans. This additional fee only applies to loans requesting to receive a loan note guarantee prior to project completion.
For loans where the Loan Note Guarantee is issued between October 1
and December 31, the first periodic retention fee payment is due January 31
of the second year following the date the Loan Note Guarantee was issued.
VerDate Sep<11>2014
17:12 Jul 01, 2021
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Periodic guarantee retention fee %
Loan guarantee percentage %
Fee for issuance of loan note guarantee prior to construction completion %
80
80
0.5
0.5
1.0
1.25
1.0
1.0
0.5
0.5
0.25
N/A
90
80
80
80
0.5
0.5
0.5
0.5
In accordance with Federal civil rights law and U.S. Department of Agriculture USDA civil rights regulations and policies, the USDA, its agencies, offices, and employees, and institutions participating in or administering USDA Programs are prohibited from discriminating based on race, color, national origin, religion, sex,
Fmt 4703
As set forth in 7 CFR part 5001, the Agency is authorized to charge a guarantee fee, a periodic guarantee retention fee, a fee for the issuance of the loan note guarantee prior to construction completion, and establish a loan guarantee percentage for guaranteed loans made under this rule. Pursuant to this and other applicable authority, and subject to the current appropriated authority, the Agency is establishing the following for FY 2022:
SUPPLEMENTARY INFORMATION:
0.5
0.5
Non-Discrimination Statement
Frm 00004
For information specific to this notice contact Michele Brooks, Director, Regulations Management, Rural Development Innovation Center Regulations Management, USDA, 1400
Independence Avenue SW, Washington, DC 202501522. Telephone: 202 690
1078. Email: michele.brooks@usda.gov.
For information regarding implementation, contact your respective Rural Development State Office listed here: http www.rd.usda.gov/browsestate.
FOR FURTHER INFORMATION CONTACT:
3.0
1.0
Unless precluded by a subsequent FY
2022 appropriation, these rates will apply to all guaranteed loans obligated in FY 2022. The amount of the periodic retention fee on each guaranteed loan will be determined by multiplying the periodic retention fee rate by the outstanding principal loan balance as of December 31, multiplied by the percentage of guarantee.
PO 00000
The fees in this notice are applicable October 1, 2021.
DATES:
gender identity including gender expression, sexual orientation, disability, age, marital status, family/
parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA
not all bases apply to all programs.
Remedies and complaint filing deadlines vary by program or incident.
Persons with disabilities who require alternative means of communication for program information e.g., Braille, large print, audiotape, American Sign Language, etc. should contact the responsible Agency or USDAs TARGET
Center at 202 7202600 voice and TTY or contact USDA through the Federal Relay Service at 800 8778339.
Additionally, program information may
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