32230 Federal Register / Vol. 66, No. 115 / Thursday, June 14, 2001 / Rules and Regulations

Training

Monthly rate

No

dependents

One

dependent

Two

dependents

Additional for

each

additional

dependent

1st six months of pursuit of program ............................................................... $590.25 $602.63 $613.50 $5.25

2nd six months of pursuit of program .............................................................. 413.88 423.23 430.93 3.85

3rd six months of pursuit of program .............................................................. 251.30 257.43 262.15 2.45

Remaining pursuit of program ......................................................................... 239.40 245.18 250.43 2.45

(Authority: 38 U.S.C. 3015(e), (f), (g))

(5) The monthly rate of basic educational assistance payable to a veteran who is pursuing a cooperative course

is the rate stated in the following table:

Training period

Monthly rate

No

dependents

One

dependent

Two

dependents

Additional for

each

additional

dependent

Oct. 1, 1999–Sept. 30, 2000 ........................................................................... $724.00 $760.00 $791.00 $16.00

Oct. 1, 2000–Oct. 31, 2000 ............................................................................. 740.00 776.00 807.00 16.00

Nov. 1, 2000–Sept. 30, 2001 .......................................................................... 838.00 874.00 905.00 16.00

(Authority: 38 U.S.C. 3015)

(b) Less than one-half-time training.

Except as provided in paragraphs (d)

and (e) of this section, the monthly rate

of basic educational assistance for a

veteran who is pursuing a course on a

less than one-half-time basis is the

lesser of:

* * * * *

(c) Rates for servicemembers. The

monthly rate of basic educational

assistance for a servicemember may not

exceed the lesser of the following rates

(except as provided in paragraph (d) of

this section):

* * * * *

(2) (i) The following monthly rates for

training that occurs after September 30,

2000, and before November 1, 2000—

(A) $740.00 for full-time training;

(B) $555.50 for three-quarter-time

training;

(C) $370.00 for one-half-time training

and training that is less than one-half

but more than one-quarter-time training;

and

(D) $185.00 for one-quarter-time

training; and

(ii) The following monthly rates for

training that occurs after October 31,

2000, and before October 1, 2001—

(A) $838.00 for full-time training;

(B) $629.00 for three-quarter-time

training;

(C) $419.00 for one-half-time training

and training that is less than one-half

but more than one-quarter-time training;

and

(D) $209.50 for one-quarter-time

training.

(Authority: 38 U.S.C. 3015(d), (f))

* * * * *

[FR Doc. 01–15070 Filed 6–13–01; 8:45 am]

BILLING CODE 8320–01–P

DEPARTMENT OF VETERANS

AFFAIRS

38 CFR Part 36

RIN 2900–AK72

Delegation of Authority—Portfolio

Loan Servicing Contractor

AGENCY: Department of Veterans Affairs.

ACTION: Final rule.

SUMMARY: This document delegates to

certain officers of the entity performing

loan servicing functions under a

contract with the Secretary authority to

execute all documents necessary for the

servicing and termination of a loan

made or acquired by the Secretary.

DATES: Effective Date: June 14, 2001.

FOR FURTHER INFORMATION CONTACT:

Richard Fyne, Assistant Director for

Loan Management (261), Veterans

Benefits Administration, 810 Vermont

Ave., Washington, DC 20420, telephone

202–273–7380.

SUPPLEMENTARY INFORMATION: The

provisions of 38 U.S.C. chapter 37

authorize the Secretary of Veterans

Affairs (VA) to guarantee or make loans

to veterans. Under a number of

circumstances VA becomes the holder

of a housing loan. The most common

reasons are: VA acquired the property

securing a guaranteed loan following

foreclosure and sold the security on

terms (sometimes called a ‘‘vendee

loan.’’), VA took an assignment of (or

‘‘refund’’) a guaranteed loan pursuant to

38 U.S.C. 3732(a)(2), or VA made a

direct loan to a veteran pursuant to 38

U.S.C. 3711 or 3761.

VA has contracted with a private

entity for the servicing of its housing

loan portfolio. In order to increase the

efficiency of this contract, certain

officers of the contractor are being

delegated authority to execute, on behalf

of VA, routine documents necessary for

the servicing and foreclosing of the

loans being serviced.

Currently, 38 CFR 36.4342 authorizes

certain VA officials, such as field station

Directors, Loan Guaranty Officers, and

Assistant Loan Guaranty Officers, to

execute these documents. Regional

Offices are required to maintain a

cumulative list of all employees of that

office who have held the designated

positions since May 1, 1980.

This rule adds a new paragraph (e) to

38 CFR 36.4342 which delegates to

persons holding the office of Vice

President, Assistant Vice President, and

Assistant Secretary of the entity

performing loan servicing functions

under a contract with VA the authority

to execute all documents necessary for

the servicing and termination of a

housing loan made or acquired by VA.

Documents authorized to be executed

will include loan modification

agreements, notices of default, notices of

appointment or substitution of trustees,

releases or satisfactions of mortgages,

Federal Register / Vol. 66, No. 115 / Thursday, June 14, 2001 / Rules and Regulations 32231

loan assumption agreements, deeds

tendered upon satisfaction or

conversion of an installment land sales

contract, and documents related to

filing, pursuing and settling claims with

hazard insurance companies.

The Director of the VA Loan Guaranty

Service, Washington, DC, will maintain

a log listing all corporate officers of the

contractor who have been authorized to

execute documents and the dates during

which these persons were authorized to

act. VA will also maintain copies of

resolutions of the contractor’s board of

directors authorizing these persons to

execute these documents. Those files

will be available for public inspection

and copying during normal business

hours at the Office of the Director of VA

Loan Guaranty Service, Washington, DC

20420.

This authority does not apply,

however, with respect to loans under

the pilot program for multifamily

transitional housing projects for

homeless veterans under 38 U.S.C.

chapter 37, subchapter vi. Such loans

will not be serviced by the contractor

servicing the VA loan portfolio.

The provisions of 38 CFR 36.4342(e)

are published without regard to the

notice and comment and delayed

effective date provisions of 5 U.S.C. 553

since they relate to agency management

and personnel and are not substantive

rules.

Paperwork Reduction Act

This document contains no provisions

constituting a collection of information

under the Paperwork Reduction Act (44

U.S.C. 3501–3520).

Executive Order 12866

This document has been reviewed by

the Office of Management and Budget

under Executive Order 12866.

Regulatory Flexibility Act

The Secretary of Veterans Affairs

hereby certifies that this final rule will

not have a significant economic impact

on a substantial number of small entities

as they are defined in the Regulatory

Flexibility Act, 5 U.S.C. 601–612. The

final rule relates to agency management

and personnel and does not contain

substantive provisions. Accordingly,

pursuant to 5 U.S.C. 605(b), this final

rule is exempt from the initial and final

regulatory flexibility analysis

requirements of §§ 603 and 604.

There is no Catalog of Federal

Domestic Assistance number for this

program.

List of Subjects in 38 CFR Part 36

Condominiums, Housing, Indians,

Individuals with disabilities, Loan

programs-housing and community

development, Loan programs, Indians,

Loan programs-veterans, Manufactured

homes, Mortgage insurance, Reporting

and recordkeeping requirements,

Veterans.

Approved: March 14, 2001.

Anthony J. Principi,

Secretary of Veterans Affairs.

For the reasons set out in the

preamble, 38 CFR is amended as set

forth below.

PART 36—LOAN GUARANTY

1. The authority citation of part 36

continues to read as follows:

Authority: 38 U.S.C. 501, 3701–3704, 3707,

3710–3714, 3719, 3720, 3729, 3762, unless

otherwise noted.

2. In § 36.4342, paragraph (e) is added

immediately following paragraph (d);

and the authority citation at the end of

the section is revised to read as follows:

§ 36.4342 Delegation of authority.

* * * * *

(e)(1) Authority is hereby delegated to

the officers, designated in paragraph

(e)(2) of this section, of the entity

performing loan servicing functions

under a contract with the Secretary to

execute on behalf of the Secretary all

documents necessary for the servicing

and termination of a loan made or

acquired by the Secretary pursuant to 38

U.S.C. chapter 37 (other than under

subchapter vi of that chapter).

Documents executed under this

paragraph include but are not limited to:

loan modification agreements, notices of

default and other documents necessary

for loan foreclosure or termination,

notices of appointment or substitution

of trustees under mortgages or deeds of

trust, releases or satisfactions of

mortgages or deeds of trust, acceptance

of deeds-in-lieu of foreclosure, loan

assumption agreements, loan

assignments, deeds tendered upon

satisfaction or conversion of an

installment land sales contract, and

documents related to filing, pursuing

and settling claims with insurance

companies relating to hazard coverage

on properties securing loans being

serviced.

(2) The designated officers are: Vice

President, Assistant Vice President, and

Assistant Secretary.

(3) The Director, Loan Guaranty

Service, Washington, DC, shall maintain

a log listing all persons authorized to

execute documents pursuant to

paragraph (e) of this section and the

dates such persons held such authority,

together with certified copies of

resolutions of the board of directors of

the entity authorizing such individuals

to perform the functions specified in

paragraph (e)(1) of this section. These

records shall be available for public

inspection and copying at the Office of

the Director of VA Loan Guaranty

Service, Washington, DC 20420.

(Authority: 38 U.S.C. 501, 3720(a)(5))

[FR Doc. 01–15069 Filed 6–13–01; 8:45 am]

BILLING CODE 8320–01–P

ENVIRONMENTAL PROTECTION

AGENCY

40 CFR Part 52

[DE053–1029a; FRL–6996–5]

Approval and Promulgation of Air

Quality Implementation Plans;

Delaware; Conversion of the

Conditional Approval of the NOX RACT

Regulation to a Full Approval and

Approval of NOX RACT Determinations

for Three Sources

AGENCY: Environmental Protection

Agency (EPA).

ACTION: Direct final rule.

SUMMARY: EPA is taking direct final

action to approve revisions to the

Delaware State Implementation Plan

(SIP) submitted by the Delaware

Department of Natural Resources and

Environmental Control (DNREC). These

revisions were submitted to satisfy the

condition imposed by EPA in its

conditional limited approval of

Delaware’s regulation requiring

reasonably available control technology

(RACT) for major sources of nitrogen

oxides ( NOX). This action converts

EPA’s conditional limited approval of

Delaware Regulation 12, Control of NOX

Emissions, to a full approval. EPA is

also taking direct final action to approve

three source-specific NOX RACT

determinations. These actions are being

taken under the Clean Air Act (CAA).

DATES: This rule is effective on August

13, 2001 without further notice, unless

EPA receives adverse written comment

by July 16, 2001. If EPA receives such

comments, it will publish a timely

withdrawal of the direct final rule in the

Federal Register and inform the public

that the rule will not take effect.

ADDRESSES: Written comments should

be mailed to David L. Arnold, Chief, Air

Quality Planning and Information

Services Branch, Mailcode 3AP21, U.S.

Environmental Protection Agency,

Region III, 1650 Arch Street,

Philadelphia, Pennsylvania 19103.

Copies of the documents relevant to this

action are available for public

inspection during normal business