### Federal Register / Vo1. 46, No. 49 / Friday, March 13, 1981 / Rules and Regulations

results ofthebi-weekly Federal National Mortgage Association auctions-have shown that the mortgage money market has become more restrictive. The'm'aximum rate in effect forVA guaranteed home and condominium loans has not been sufficiently competitive to induce private sector lenders to make this type ofVAguaranteed or insured loans without imposing substantial discounts. To assure a continuing supply of funds forhome-mortgages through the VA loan guaranty program, it has been determined that an increase in the maximum permissible rate applicable-to home loans is necessary. The increased return to the lender will make VA loans competitive with other available investments and assure a continuing supply offunds for guaranteed and insured mortgages.

The increase in the maximum interest
rate is accomplished by amending §§ 36.4311(a) and 36.4503(a) ofTitle 38, Code ofFederal Regulations. Compliance with the procedure for publication ofproposed regulations prior to final adoption is waived because compliance would create an acute shortage ofmortgage funds pending the final date which"would necessarily be more than 30 days after publication in proposed form.

Approved: March 6,1981. RufusH.Wilson, ActingAdministrator. 1. In §36.4311, paragraph (a) is revised to read as follows: §36.4311 Interest rates.

(a)Excepting loans guaranteed or insured pursuant to guaranty or insurance commitments issued by the Veterans Administration which specify

an interest rate in excess of14 per centum per annum, effective March 9, 1981, the interest rate on any home or condominium loan guiaranteed 6r insured wholly or in part on or after such date may not exceed 14 per centum per annum on the unpaidprincipal balance. (38U.S.C.' 1803(c](1))

2. In §36.4503, paragraph (a) is revised to read as follows:
§36.4503 Amountand amortization.

(a) The original principal amount of any loan made on or after October 1, 1978, shall not exceed an amountwhich bears the same ratio to$33,000 as the
amount ofthe guaranty to which the veteran is entitled under 38 U.S.C. 1810 at the time the loan-is made bears to $25,000. This limitation shall not " preclude-the making ofadvances, otherwise proper, subsequent to the making of the loan pursuant to the provisions of §36.4511. Except as to home improvement loans, loans made by the Veterans Administration shall bearinterest at the rate of 14 percent per

annum. Loans solely forthe purpose of energy conservation improvements or other alterations, improvements, or repairs shall bear interest at therate of 16 percent per annum. (38 U.S.C. 1811(d)(1) and (2)(A))

(38 U.S.C.210(l), 1803(c))
[FR Doc. 81-7935 Filed 3-12-81; 8:45am]

BILNG CODE 8320-01-M

ENVIRONMENTAL PROTECTION

AGENCY

40 CFR Part 52
[A-8-FRL 1777-41
Colorado; Approval and Promulgation of State Implementation Plans
AGENCY: Environmental Protection Agency. ACTION: Finalrulemaking..

SUMMARY: The Environmental Protection Agency (EPA) today is approving Colorado's Regulation No. 7, "Control of Volatile Organic Compounds (VOC)" since it requires reasonably available control technology (RACT)for sources specified under EPA's Group IControl Technique Guidelines [CTG). Approval ofRegulation No. 7 removes EPA's conditional approval ofthe regulation (45 FR 7802, February 5, 1980). EPA proposed to approve Regulation No. 7 on August 20, 1980, and solicited comments. No comments were received during the
comment period. EFFECTIVE DATE: April 13, 1981. ADDRESSES: Copies of thematerials submitted by the Governor ofColorado may be examined during normal business: Environmental Protection Agency, Air

Programs Branch, Region VIII, Suite 200, 1860Lincoln Street,Denver, Colorado 80295 Environmental Protection Agency,

Public Information Reference Unit, Room 2922 (EPALibrary), MailCode PM-213, 401 M Street SW., Washington, D.C. 20460 The Office ofthe Federal Register, 1100

L Street NW., Room 8401, Washington, D.C. 20460.
FOR.FURTHER INFORMATION CONTACT: Robert R. DeSpain, Chief,.Air Programs Branch, Environmental Protection Agency, 1860 Lincoln Street, Denver, Colorado 80295, (303) 837-3471. SUPPLEMENTARY INFORMATION: Section 172(b) (2) and (3) ofthe CleanAir Act

- requires the application ofreasonably available control technology (RACT) to stationary sources ofvolatile organic Compounds (VOC) in areas in the State: ofColorado which have not attained the national ambient air quality standard for ozone. A 1979 SIPrevision was required to include RACT on those categories ofsources for which EPA had published-Control Technique Guidelines (CTGs) prior toJanuary 1978. See44 FR 20376 (April 4, 1979), 44 FR 30583 (July 2, 1979),44 FR 50371 (August 28, 1979), 44 FR 53761 (September 17, 1979), and 44 FR 67182 (November 23, 1979).

In EPA's October 5,1979, final rulemaking (44 FR57405), EPA conditionally approved theportion of the Colorado SIPrelated to VOC source control (Regulation No. 7). EPA noted the following minor deficiencies:

1. VOC was defined ;.s having vapor pressure of0.1 pounds per square inch, which is considerably lessrestrictive than EPA's definition of0.1 millimeter of mercury orASTM test method D2369-73.

2. The controls for surface coating, cutback asphalt and degreasing did not represent RACT, since they were not equivalent to control measures supported by the technical information in EPA's Control Technique Guidelines (CTG) for VOC.

3. The requirement for an approved balanced vapor-recovery system did not specifically refer to the Colorado RACT design criteria.

4. The regulation provided an exemption for barometric-type condensors in use at petroleum refineries.

On July 18, 1979, in a letter to EPA, the Commission committed to revising Regulation No. 7byJuly 1, 1980. On October 5, 1979, EPA conditionally approyed Regulation No. 7 and proposed (44FR 57428) that the State correct these deficiencies on a more expeditious schedule:
October 1, 1979-Draft regulations

submitted to EPA November 1, 1979--Notice ofPublic

hearing January 1, 1980-Public Hearing March 1, 1980-Adopt new regulation

EPA solicited comment on the acceptability ofthis schedule and the State pointed out that their administrative requirements made the March 1, 1980, deadline unattainable. EPA extended the deadline to April 10, 1980 (45FR 7802, February 5, 1980) because the State indicated that-they could.meet this expedited 'schedule rather than the July 1, 1980, deadline." 

### 16687

HeinOnline -- 46 Fed. Reg. 16687 1981

### Federal Register / Vol. 46, No. 49 / Friday, March 13, 1981 / Rules and Regulations

On June 5, 1980, the Governor of Colorado submitted to EPA the following amended rules: Repeal and Repromulgation of

Regulation No. 7 "A Regulation Control Emissions ofVolatile Organic Compounds" and

- Revisions to Common Provisions

Regulation as they relate tochanges in Regulation No. 7 The 15 source categories covered by the revised regulation are:

1.Section VI-Tank truck loading terminals.

2.Section VI-Bulkgasoline plants. 3.Section VI-Gasoline service stationsGroup Icontrol.

4.Section VI-Petroleum storage tanks. 5.Section VII-Petroleum processing and refining.

6.Section IX-Can coating. 7 Section IX-Metal coil coating. 8.Section IX-Fabric coating. 9. Section IX-Paper products coating. 10.Section IX-Automobile coating. 11. Section IX-Metal furniture coating. 12. Section IX--Magnet wire coating. 13. Section IX-Large appliance coating. 14. Section X-Solvent metal cleaning. 15.Section XI-Cutback asphalt,
On August 26, 1980, (45FR 56847) EPA proposed to approve Regulation No. 7 since itremedies the deficiencies identified in our October 5,1979, rulemaking, except forthe provision which exempts wastewater separators which utilize VOC with a vapor pressure less than 1.5 pounds per square inch absolute from RACT requirements. EPA requested specific comments on this exemption. In an October 10, 1980, letter the State clarified that only one wastewater separator in the nonattainment area would fall under this exemption and that this particular
wastewater separator was not subject to the regulations anyway.

The CTG's provide information on available control techniques, and contain recommendations ofwhat EPA calls the "presumptive norm" for RACT Based on the information in the CTGs, EPAbelieves the revised Regulation No. 7represents RACT for Group ICTG

sources.

Under Section 307(b)(1) ofthe Clean Air Act, judicial review ofthis final rulemaking is available onlyby the filing ofa petition forreview in the United States Court ofAppeals for the appropriate circuit by May 12, 1981. Under Section 307(b)(2) ofthe Clean Air Act,the requirements which are the subject of today's noticemay not be challenged later in the civil orcriminal proceedings brought by EPA to enforce these requirements.

The Office ofManagement and Budget has exempted this regulation from the OMBreview requirements ofExecutive Order 12291 pursuant to Section 8(b) of that Order. This notice offinal rulemaking is issuedunder theauthority ofSection 11u ofthe Clean Air Act as amended (42 U.S.C. 7410).

Dated: January 27 1981. Waiter C. Barber, ActingAdministrator.

Note.-Incorporation byreference ofthe State Implementation Plan for the State of Colorado was approved by the Director ofthe Federal Register on July 1,1980.

Title 40, Part 52 ofthe Code ofFederal Regulations is amended as follows: Subpart G-Colorado

1.Section 52.320(c)(22) is revised as follows:
§52.320 Identificationof Plan

(C)* * (22) On June 5, 1980, the Governor submitted the following rules:

Repeal and repromulgation of Regulation No. 7 "A Regulation to Control Emissions ofVolatile Organic Compounds" and revisions to the Common Provisions Regulations as they relate to changes in Regulation No. 7 §32.328 (Removed]

2. §32.328 isremoved.

IF'RP Doc. 81-7880 Filed 3-12-81; 8:45 am]
BILLING CODE 6560-38-M 

### 16688

HeinOnline -- 46 Fed. Reg. 16688 1981