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

results of the bi-weekly Federal

National Mortgage Association

auctions-have shown that the mortgage

money market has become more

restrictive. The'm'aximum rate in effect

for VA guaranteed home and

condominium loans has not been

sufficiently competitive to induce

private sector lenders to make this type

of VA guaranteed or insured loans

without imposing substantial discounts.

To assure a continuing supply of funds

for home-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 of funds for guaranteed and

insured mortgages.

The increase in the maximum interest

rate is accomplished by amending

§ § 36.4311(a) and 36.4503(a) of Title 38,

Code of Federal Regulations.

Compliance with the procedure for

publication of proposed regulations

prior to final adoption is waived

because compliance would create an

acute shortage of mortgage funds

pending the final date which" would

necessarily be more than 30 days after

publication in proposed form.

Approved: March 6, 1981.

Rufus H. Wilson,

Acting Administrator.

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 of 14 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 unpaid principal

balance. (38 U.S.C.' 1803(c](1))

2. In § 36.4503, paragraph (a) is

revised to read as follows:

§ 36.4503 Amount and amortization.

(a) The original principal amount of

any loan made on or after October 1,

1978, shall not exceed an amount which

bears the same ratio to $33,000 as the

amount of the 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 of advances,

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

bear interest at the rate of 14 percent per

annum. Loans solely for the purpose of

energy conservation improvements or

other alterations, improvements, or

repairs shall bear interest at the rate 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; 8:45 am]

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: Final rulemaking..

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 I Control

Technique Guidelines [CTG). Approval

of Regulation No. 7 removes EPA's

conditional approval of the 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 the materials

submitted by the Governor of Colorado

may be examined during normal

business:

Environmental Protection Agency, Air

Programs Branch, Region VIII, Suite

200, 1860 Lincoln Street, Denver,

Colorado 80295

Environmental Protection Agency,

Public Information Reference Unit,

Room 2922 (EPA Library), Mail Code

PM-213, 401 M Street SW.,

Washington, D.C. 20460

The Office of the 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) of the Clean Air Act -

requires the application of reasonably

available control technology (RACT) to

stationary sources of volatile organic

Compounds (VOC) in areas in the State:

of Colorado which have not attained the

national ambient air quality standard

for ozone. A 1979 SIP revision was

required to include RACT on those

categories of sources for which EPA had

published-Control Technique Guidelines

(CTGs) prior to January 1978. See 44 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 FR 57405), EPA

conditionally approved the portion of

the Colorado SIP related to VOC source

control (Regulation No. 7). EPA noted

the following minor deficiencies:

1. VOC was defined ;.s having vapor

pressure of 0.1 pounds per square inch,

which is considerably less restrictive

than EPA's definition of 0.1 millimeter of

mercury or ASTM 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. 7 by July 1, 1980. On

October 5, 1979, EPA conditionally

approyed Regulation No. 7 and proposed

(44 FR 57428) that the State correct these

deficiencies on a more expeditious

schedule:

October 1, 1979-Draft regulations

submitted to EPA

November 1, 1979--Notice of Public

hearing

January 1, 1980-Public Hearing

March 1, 1980-Adopt new regulation

EPA solicited comment on the

acceptability of this 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 (45 FR 7802, February 5, 1980)

because the State indicated that-they

could.meet this expedited 'schedule

rather than the July 1, 1980, deadline."

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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 of Volatile Organic

Compounds" and -

Revisions to Common Provisions

Regulation as they relate to changes

in Regulation No. 7

The 15 source categories covered by

the revised regulation are:

1. Section VI-Tank truck loading

terminals.

2. Section VI-Bulk gasoline plants.

3. Section VI-Gasoline service stationsGroup I control.

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, (45 FR 56847) EPA

proposed to approve Regulation No. 7

since it remedies the deficiencies

identified in our October 5, 1979,

rulemaking, except for the 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 of what EPA

calls the "presumptive norm" for RACT

Based on the information in the CTGs,

EPA believes the revised Regulation No.

7 represents RACT for Group I CTG

sources.

Under Section 307(b)(1) of the Clean

Air Act, judicial review of this final

rulemaking is available only by the

filing of a petition for review in the

United States Court of Appeals for the

appropriate circuit by May 12, 1981.

Under Section 307(b)(2) of the Clean Air

Act, the requirements which are the

subject of today's notice may not be

challenged later in the civil or criminal

proceedings brought by EPA to enforce

these requirements.

The Office of Management and Budget

has exempted this regulation from the

OMB review requirements of Executive

Order 12291 pursuant to Section 8(b) of

that Order.

This notice of final rulemaking is

issued under the authority of Section 11u

of the Clean Air Act as amended (42

U.S.C. 7410).

Dated: January 27 1981.

Waiter C. Barber,

Acting Administrator.

Note.-Incorporation by reference of the

State Implementation Plan for the State of

Colorado was approved by the Director of the

Federal Register on July 1, 1980.

Title 40, Part 52 of the Code of Federal

Regulations is amended as follows:

Subpart G-Colorado

1. Section 52.320(c)(22) is revised as

follows:

§ 52.320 Identification of 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 of Volatile Organic

Compounds" and revisions to the

Common Provisions Regulations as they

relate to changes in Regulation No. 7

§ 32.328 (Removed]

2. § 32.328 is removed.

IF'RP Doc. 81-7880 Filed 3-12-81; 8:45 am]

BILLING CODE 6560-38-M

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