Federal Register / Vol. 80, No. 20 / Friday, January 30, 2015 / Notices 5131 

Status: Excess 

Directions: 405; 435; 442; 812A; 812D 

Comments: public access denied & no 

alternative method to gain access w/out 

compromising national security. 

Reasons: Secured Area 

Bldg. 828A, 834J, 834L, 848,850 

700 East Ave. 

Livermore CA 94550 

Landholding Agency: Energy 

Property Number: 41201440008 

Status: Excess 

Directions: 828A; 834J; 834L; 848; 850 

Comments: public access denied & no 

alternative method to gain access w/out 

compromising national security. 

Reasons: Secured Area 

Facility 01055 

Naval Air Weapon Station 

China Lake CA 93555 

Landholding Agency: Navy 

Property Number: 77201510002 

Status: Excess 

Comments: public access denied and no 

alternative method to gain access w/out 

compromising national security; 

documented deficiencies: roof has 

crumbled; clear threat to physical safety. 

Reasons: Secured Area; Extensive 

deterioration 

Florida 

2 Building 

Naval Air Station 

Pensacola FL 32509 

Landholding Agency: Navy 

Property Number: 77201440021 

Status: Underutilized 

Directions: 2402; 856A (property incorrectly 

listed in the December 12, 2014 Federal 

Register publication) 

Comments: public access denied and no 

alternative w/out compromising national 

security. 

Reasons: Secured Area 

Illinois 

Master Sub Station 

Fermi National Accelerator Lab 

Batavia IL 60510 

Landholding Agency: Energy 

Property Number: 41201510001 

Status: Excess 

Comments: public access denied & no 

alternative method to gain access w/out 

compromising national security. 

Reasons: Secured Area 

Nebraska 

543800B060 Swine Bldg. 

60/RPUID 03.55088 

844 RD: 313 

None NE 68933 

Landholding Agency: Agriculture 

Property Number: 15201510003 

Status: Excess 

Directions: 19606 HRUSKA US Meat Animal 

Res. Ctr. 

Comments: research based camps; Public 

access denied & no alternative method to 

gain access w/out compromising national 

security. 

Reasons: Secured Area 

543800B062 Swine Bldg. 

62/RPUID 03.55090 

844 RD 313 

None NE 68933 

Landholding Agency: Agriculture 

Property Number: 15201510004 

Status: Excess 

Directions: 19606 HRUSKA US meat Animal 

Res. Ctr 

Comments: research based camps; Public 

access denied & no alternative method to 

gain access w/out compromising national 

security. 

Reasons: Secured Area 

543800B0061 Swine Bldg. 

61/RPUID 03.55089 

844 BD 313 

None NE 68933 

Landholding Agency: Agriculture 

Property Number: 15201510005 

Status: Excess 

Directions: 19606 HRUSKA US Meat Animal 

Res. Ctr. 

Comments: research based camps; Public 

access denied & no alternative method to 

gain access w/out compromising national 

security. 

Reasons: Secured Area 

New Mexico 

Hammond Residence 

790 C.R. 4990 

Bloomfield NM 87413 

Landholding Agency: Interior 

Property Number: 61201440015 

Status: Unutilized 

Comments: documented deficiencies; 

structural unsound; roof is severely dry 

rotted; extensive wall damage due to dry 

rot/massive holes; clear threat to physical 

safety. 

Reasons: Extensive deterioration 

Building 114 & 437 

12600 NASA Road 

Las Cruces NM 88012 

Landholding Agency: NASA 

Property Number: 71201440017 

Status: Unutilized 

Directions: 114; 437 

Comments: public access denied & no 

alternative method to gain access w/out 

compromising national security. 

Reasons: Secured Area 

114 General Purpose Bldg. 437 

12600 Nasa Road 

Las Cruces NM 88012 

Landholding Agency: NASA 

Property Number: 71201510002 

Status: Unutilized 

Directions: 1029/72/22: 1069/72/99 

Comments: public access denied & no 

alternative method to gain access w/out 

compromising national security. 

Reasons: Secured Area 

Ohio 

SPE Water Toner (D) 

6100 Columbus Ave. 

Sandusky OH 44870 

Landholding Agency: NASA 

Property Number: 71201510001 

Status: Unutilized 

Directions: RPM Property 22/1008/57. 

Property Number #8151. 

Comments: public access denied & no 

alternative method to gain access w/out 

compromising national security. 

Reasons: Secured Area 

Unsuitable Properties 

Land 

Ohio 

Great Miami River Access Site 

Lawrenceburg Rd. 

North Bend OH 45052 

Landholding Agency: GSA 

Property Number: 54201510005 

Status: Excess 

GSA Number: 1–D–OH–844 

Directions: Disposal Agency: GSA; 

Landholding Agency: COE 

Comments: entire property located within a 

floodway which has not been corrected or 

contained. 

Reasons: Floodway 

[FR Doc. 2015–01469 Filed 1–26–15; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

[Docket No. FR–5847–N–01] 

Mortgage and Loan Insurance 

Programs Under the National Housing 

Act—Debenture Interest Rates 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, HUD. 

ACTION: Notice. 

SUMMARY: This notice announces 

changes in the interest rates to be paid 

on debentures issued with respect to a 

loan or mortgage insured by the Federal 

Housing Administration under the 

provisions of the National Housing Act 

(the Act). The interest rate for 

debentures issued under section 

221(g)(4) of the Act during the 6-month 

period beginning January 1, 2015, is 2 

1/4 percent. The interest rate for 

debentures issued under any other 

provision of the Act is the rate in effect 

on the date that the commitment to 

insure the loan or mortgage was issued, 

or the date that the loan or mortgage was 

endorsed (or initially endorsed if there 

are two or more endorsements) for 

insurance, whichever rate is higher. The 

interest rate for debentures issued under 

these other provisions with respect to a 

loan or mortgage committed or endorsed 

during the 6-month period beginning 

January 1, 2015, is 3 percent. However, 

as a result of an amendment to section 

224 of the Act, if an insurance claim 

relating to a mortgage insured under 

sections 203 or 234 of the Act and 

endorsed for insurance after January 23, 

2004, is paid in cash, the debenture 

interest rate for purposes of calculating 

a claim shall be the monthly average 

yield, for the month in which the 

default on the mortgage occurred, on 

United States Treasury Securities 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
5132 Federal Register / Vol. 80, No. 20 / Friday, January 30, 2015 / Notices 

adjusted to a constant maturity of 10 

years. 

FOR FURTHER INFORMATION CONTACT: 

Yong Sun, Department of Housing and 

Urban Development, 451 Seventh Street 

SW., Room 5148, Washington, DC 

20410–8000; telephone (202) 402–4778 

(this is not a toll-free number). 

Individuals with speech or hearing 

impairments may access this number 

through TTY by calling the toll-free 

Federal Information Relay Service at 

(800) 877–8339. 

SUPPLEMENTARY INFORMATION: Section 

224 of the National Housing Act (12 

U.S.C. 1715o) provides that debentures 

issued under the Act with respect to an 

insured loan or mortgage (except for 

debentures issued pursuant to section 

221(g)(4) of the Act) will bear interest at 

the rate in effect on the date the 

commitment to insure the loan or 

mortgage was issued, or the date the 

loan or mortgage was endorsed (or 

initially endorsed if there are two or 

more endorsements) for insurance, 

whichever rate is higher. This provision 

is implemented in HUD’s regulations at 

24 CFR 203.405, 203.479, 207.259(e)(6), 

and 220.830. These regulatory 

provisions state that the applicable rates 

of interest will be published twice each 

year as a notice in the Federal Register. 

Section 224 further provides that the 

interest rate on these debentures will be 

set from time to time by the Secretary 

of HUD, with the approval of the 

Secretary of the Treasury, in an amount 

not in excess of the annual interest rate 

determined by the Secretary of the 

Treasury pursuant to a statutory formula 

based on the average yield of all 

outstanding marketable Treasury 

obligations of maturities of 15 or more 

years. 

The Secretary of the Treasury (1) has 

determined, in accordance with the 

provisions of section 224, that the 

statutory maximum interest rate for the 

period beginning January 1, 2015, is 3 

percent; and (2) has approved the 

establishment of the debenture interest 

rate by the Secretary of HUD at 3 

percent for the 6-month period 

beginning January 1, 2015. This interest 

rate will be the rate borne by debentures 

issued with respect to any insured loan 

or mortgage (except for debentures 

issued pursuant to section 221(g)(4)) 

with insurance commitment or 

endorsement date (as applicable) within 

the first 6 months of 2015. 

For convenience of reference, HUD is 

publishing the following chart of 

debenture interest rates applicable to 

mortgages committed or endorsed since 

January 1, 1980: 

Effective 

interest rate On or after Prior to 

91⁄2 ............ Jan. 1, 1980 July 1, 1980 

97⁄8 ............ July 1, 1980 Jan. 1, 1981 

113⁄4 .......... Jan. 1, 1981 July 1, 1981 

127⁄8 .......... July 1, 1981 Jan. 1, 1982 

123⁄4 .......... Jan. 1, 1982 Jan. 1, 1983 

101⁄4 .......... Jan. 1, 1983 July 1, 1983 

103⁄8 .......... July 1, 1983 Jan. 1, 1984 

111⁄2 .......... Jan. 1, 1984 July 1, 1984 

133⁄8 .......... July 1, 1984 Jan. 1, 1985 

115⁄8 .......... Jan. 1, 1985 July 1, 1985 

111⁄8 .......... July 1, 1985 Jan. 1, 1986 

101⁄4 .......... Jan. 1, 1986 July 1, 1986 

81⁄4 ............ July 1, 1986 Jan. 1. 1987 

8 ................ Jan. 1, 1987 July 1, 1987 

9 ................ July 1, 1987 Jan. 1, 1988 

91⁄8 ............ Jan. 1, 1988 July 1, 1988 

93⁄8 ............ July 1, 1988 Jan. 1, 1989 

91⁄4 ............ Jan. 1, 1989 July 1, 1989 

9 ................ July 1, 1989 Jan. 1, 1990 

81⁄8 ............ Jan. 1, 1990 July 1, 1990 

9 ................ July 1, 1990 Jan. 1, 1991 

83⁄4 ............ Jan. 1, 1991 July 1, 1991 

81⁄2 ............ July 1, 1991 Jan. 1, 1992 

8 ................ Jan. 1, 1992 July 1, 1992 

8 ................ July 1, 1992 Jan. 1, 1993 

73⁄4 ............ Jan. 1, 1993 July 1, 1993 

7 ................ July 1, 1993 Jan. 1, 1994 

65⁄8 ............ Jan. 1, 1994 July 1, 1994 

73⁄4 ............ July 1, 1994 Jan. 1, 1995 

83⁄8 ............ Jan. 1, 1995 July 1, 1995 

71⁄4 ............ July 1, 1995 Jan. 1, 1996 

61⁄2 ............ Jan. 1, 1996 July 1, 1996 

71⁄4 ............ July 1, 1996 Jan. 1, 1997 

63⁄4 ............ Jan. 1, 1997 July 1, 1997 

71⁄8 ............ July 1, 1997 Jan. 1, 1998 

63⁄8 ............ Jan. 1, 1998 July 1, 1998 

61⁄8 ............ July 1, 1998 Jan. 1, 1999 

51⁄2 ............ Jan. 1, 1999 July 1, 1999 

61⁄8 ............ July 1, 1999 Jan. 1, 2000 

61⁄2 ............ Jan. 1, 2000 July 1, 2000 

61⁄2 ............ July 1, 2000 Jan. 1, 2001 

6 ................ Jan. 1, 2001 July 1, 2001 

57⁄8 ............ July 1, 2001 Jan. 1, 2002 

51⁄4 ............ Jan. 1, 2002 July 1, 2002 

53⁄4 ............ July 1, 2002 Jan. 1, 2003 

5 ................ Jan. 1, 2003 July 1, 2003 

41⁄2 ............ July 1, 2003 Jan. 1, 2004 

51⁄8 ............ Jan. 1, 2004 July 1, 2004 

51⁄2 ............ July 1, 2004 Jan. 1, 2005 

47⁄8 ............ Jan. 1, 2005 July 1, 2005 

41⁄2 ............ July 1, 2005 Jan. 1, 2006 

47⁄8 ............ Jan. 1, 2006 July 1, 2006 

53⁄8 ............ July 1, 2006 Jan. 1, 2007 

43⁄4 ............ Jan. 1, 2007 July 1, 2007 

5 ................ July 1, 2007 Jan. 1, 2008 

41⁄2 ............ Jan. 1, 2008 July 1, 2008 

45⁄8 ............ July 1, 2008 Jan. 1, 2009 

41⁄8 ............ Jan. 1, 2009 July 1, 2009 

41⁄8 ............ July 1, 2009 Jan. 1, 2010 

41⁄4 ............ Jan. 1, 2010 July 1, 2010 

41⁄8 ............ July 1, 2010 Jan. 1, 2011 

37⁄8 ............ Jan. 1, 2011 July 1, 2011 

41⁄8 ............ July 1, 2011 Jan. 1, 2012 

27⁄8 ............ Jan. 1, 2012 July 1, 2012 

23⁄4 ............ July 1, 2012 Jan. 1, 2013 

21⁄2 ............ Jan. 1, 2013 July 1, 2013 

27⁄8 ............ July 1, 2013 Jan. 1, 2014 

35⁄8 ............ Jan. 1, 2014 July 1, 2014 

31⁄4 ............ July 1, 2014 Jan. 1, 2015 

3 ................ Jan. 1, 2015 July 1, 2015 

Section 215 of Division G, Title II of 

Public Law 108–199, enacted January 

23, 2004 (HUD’s 2004 Appropriations 

Act) amended section 224 of the Act, to 

change the debenture interest rate for 

purposes of calculating certain 

insurance claim payments made in cash. 

Therefore, for all claims paid in cash on 

mortgages insured under section 203 or 

234 of the National Housing Act and 

endorsed for insurance after January 23, 

2004, the debenture interest rate will be 

the monthly average yield, for the 

month in which the default on the 

mortgage occurred, on United States 

Treasury Securities adjusted to a 

constant maturity of 10 years, as found 

in Federal Reserve Statistical Release H– 

15. The Federal Housing Administration 

has codified this provision in HUD 

regulations at 24 CFR 203.405(b) and 24 

CFR 203.479(b). 

Section 221(g)(4) of the Act provides 

that debentures issued pursuant to that 

paragraph (with respect to the 

assignment of an insured mortgage to 

the Secretary) will bear interest at the 

‘‘going Federal rate’’ in effect at the time 

the debentures are issued. The term 

‘‘going Federal rate’’ is defined to mean 

the interest rate that the Secretary of the 

Treasury determines, pursuant to a 

statutory formula based on the average 

yield on all outstanding marketable 

Treasury obligations of 8- to 12-year 

maturities, for the 6-month periods of 

January through June and July through 

December of each year. Section 221(g)(4) 

is implemented in the HUD regulations 

at 24 CFR 221.255 and 24 CFR 221.790. 

The Secretary of the Treasury has 

determined that the interest rate to be 

borne by debentures issued pursuant to 

section 221(g)(4) during the 6-month 

period beginning January 1, 2015, is 21⁄4

percent. 

The subject matter of this notice falls 

within the categorical exemption from 

HUD’s environmental clearance 

procedures set forth in 24 CFR 

50.19(c)(6). For that reason, no 

environmental finding has been 

prepared for this notice. 

Authority: Sections 211, 221, 224, National 

Housing Act, 12 U.S.C. 1715b, 1715l, 1715o; 

Section 7(d), Department of HUD Act, 42 

U.S.C. 3535(d). 

Dated: January 26, 2015. 

Biniam Gebre, 

Acting Assistant Secretary for Housing— 

Federal Housing Commissioner. 

[FR Doc. 2015–01774 Filed 1–29–15; 8:45 am] 

BILLING CODE 4210–67–P 


asabaliauskas on DSK5VPTVN1PROD with NOTICES