Title:7 CFR Part 1744-C, Advance and Disbursement of Funds—Telecommunications.
OMB Control Number:0572-0023.
Type of Request:Extension of a currently approved information collection package.
Abstract:The RUS manages the Telecommunications loan program in accordance with the Rural Electrification Act (RE Act) of 1936, 7 U.S.C. 901 et seq., as amended, and as prescribed by OMB Circular A-129, Policies for Federal Credit Programs and Non-Tax Receivables. In addition, the Farm Security and Rural Investment Act of 2002 (Pub. L. 101-171) amended the RE Act to add Title VI, Rural Broadband Access, to provide loans and loan guarantees to fund the cost of construction, improvement, or acquisition of facilities and equipment for the provision of broadband service in eligible rural communities. RUS therefore requires Telecommunications and Broadband borrowers to submit Form 481, Financial Requirement Statement. This form implements certain provisions of the standard Rural Utilities Service loan documents by setting forth requirements and procedures to be followed by borrowers in obtaining advances and making disbursements of loan funds.
Estimate of Burden:Public reporting for this collection of information is estimated to average 1 hour per response.
Respondents:Business or other for profit, not-for-profit institutions.
Estimated Number of Respondents:177.
Estimated Number of Responses per Respondent:6.3.
Estimated Total Annual Burden on Respondents:1,223 hours.
Dated: August 29, 2012.
Administrator, Rural Utilities Service.