7574 Federal Register / Vol. 60, No. 26 / Wednesday, February 8, 1995 / Notices

Dated: January 26, 1995.

Kay Weaver,

Acting Director, Information Resources

Management Policy and Management

Division.

Notice of Submission of Proposed

Information Collection to OMB

Proposal: Annual Adjustment Factor

(AAF) Rent Increase Requirement

Pursuant to the Housing

Appropriation Act of 1994

Office: Housing

Description of the Need for the

Information and its Proposed Use:

Owners must submit form HUD–

92273, Estimates of Market Rent by

Comparison, in order to receive a rent

increase when rent levels for a

specific unit type, in a Substantial

Rehab or New Construction contract,

exceeds the existing Fair Market Rent

(FMRs) for the specific unit type. This

form must be completed by a nonidentity of interest State certified

appraiser and must contain at least

three examples of unassisted housing

in the same market area for similar

age, type, and quality which indicate

rent levels of similar unassisted

housing are above the published

FMRs.

Form Number: HUD–92273

Respondents: Businesses or Other ForProfit

Reporting Burden:

Number of

respondents × Frequenceof response × House perresponse = Burdenhours

HUD–92273 ............................................................................................. 10,000 1 .553 5,527

Total Estimated Burden Houses: 5,527

Status: New

Contact: Barbara Hunter, HUD, (202)

708–3944; Joseph F. Lackey, Jr., OMB,

(202) 395–7316.

Dated: January 26, 1995.

[FR Doc. 95–3100 Filed 2–7–95; 8:45 am]

BILLING CODE 4210–01–M

[Docket No. R–95–1364; FR–1761–N–04]

Notice of Submission of Proposed

Information Collection to OMB

AGENCY: Office of Administration, HUD.

ACTION: Notice.

SUMMARY: The proposed information

collection requirement described below

has been submitted to the Office of

Management and Budget (OMB) for

review, as required by the Paperwork

Reduction Act. The Department is

soliciting public comments on the

subject proposal.

ADDRESSES: Interested persons are

invited to submit comments regarding

this proposal. Comments must be

received within thirty (30) days from the

date of this Notice. Comments should

refer to the proposal by name and

should be sent to: Joseph F. Lackey, Jr.,

OMB Desk Officer, Office of

Management and Budget, New

Executive Office Building, Washington,

DC 20503.

FOR FURTHER INFORMATION CONTACT:

Kay F. Weaver, Reports Management

Officer, Department of Housing and

Urban Development, 451 7th Street,

Southwest, Washington, DC 20410,

telephone (202) 708–0050. This is not a

toll-free number. Copies of the proposed

forms and other available documents

submitted to OMB may be obtained

from Ms. Weaver.

SUPPLEMENTARY INFORMATION: The

Department has submitted the proposal

for the collection of information, as

described below, to OMB for review, as

required by the Paperwork Reduction

Act (44 U.S.C. Chapter 35).

The Notice lists the following

information: (1) the title of the

information collection proposal; (2) the

office of the agency to collect the

information; (3) the description of the

need for the information and its

proposed use; (4) the agency form

number, if applicable; (5) what members

of the public will be affected by the

proposal; (6) an estimate of the total

number of hours needed to prepare the

information submission including

number of respondents, frequency of

response, and hours of response; (7)

whether the proposal is new or an

extension, reinstatement, or revision of

an information collection requirement;

and (8) the names and telephone

numbers of an agency official familiar

with the proposal and of the OMB Desk

Officer for the Department.

Authority: Section 3507 of the Paperwork

Reduction Act, 44 U.S.C. 3507; Section 7(d)

of the Department of Housing and Urban

Development Act, 42 U.S.C. 3535(d).

Dated: January 26, 1995.

David S. Cristy,

Acting Director, Information Resources

Management Policy and Management

Division.

Notice of Submission of Proposed

Information Collection to OMB

Proposal: Loans for Housing for the

Elderly or Handicapped—Housing

Assistance Payments Contract and

Project Management (FR–1761)

Office: Housing

Description of the Need for the

Information and its Proposed Use:

This regulation will amend 24 CFR

part 885, which governs projects that

receive direct loans under Section 202

of the Housing Act of 1959, and

housing assistance under Section 8 of

the United States Housing Act of

1937. The final rule will add

regulatory provisions to govern the

housing assistance payments contract,

project operations and project

management.

Form Number: None

Respondents: Individuals or

Households, Federal Agencies or

Employees, and Non-Profit

Institutions

Reporting Burden:

Number of

respondents x Frequencyof response x Hours perresponse = Burdenhours

Information Collection .............................................................................. 4,294 50 .404 86,739
Federal Register / Vol. 60, No. 26 / Wednesday, February 8, 1995 / Notices 7575

Total Estimated Burden Hours: 86,739

Status: Extension with changes

Contact: Eugene R. Fogel, HUD, (203)

708–3287; Joseph F. Lackey Jr., OMB

(202) 395–7316.

Date: January 26, 1995.

[FR Doc. 95–3099 Filed 2–7–95; 8:45 am]

BILLING CODE 4210–01–M

Office of the Assistant Secretary for

Housing-Federal Housing

Commissioner

[Docket No. N–95–3879; FR–3872–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 of change in debenture

interest rates.

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 Commissioner 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 sixmonth period beginning January 1,

1995, is 8 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 six-month period beginning

January 1, 1995, is 83⁄8 percent.

FOR FURTHER INFORMATION CONTACT:

James B. Mitchell, Financial Services

Division, Department of Housing and

Urban Development, 470 L’Enfant Plaza

East, Room 3119, Washington, D.C.

20024. Telephone (202) 755–7450 ext.

125, or TDD (202) 708–4594 for hearingor speech-impaired callers. These are

not toll-free numbers.

SUPPLEMENTARY INFORMATION: Section

224 of the National Housing Act (24

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. Each of these regulatory

provisions states 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, 1995, is 83⁄8

percent and (2) has approved the

establishment of the debenture interest

rate by the Secretary of HUD at 83⁄8

percent for the six-month period

beginning January 1, 1995. 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 an insurance commitment or

endorsement date (as applicable) within

the first six months of 1995.

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.

Effective interest rate On or after Prior to

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.

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’’ of interest 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

eight- to twelve-year maturities, for the

six-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

221.790.

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 six-month

period beginning January 1, 1995, is 8

percent.

HUD expects to publish its next

notice of change in debenture interest

rates in July 1995.

The subject matter of this notice falls

within the categorical exclusion from

HUD’s environmental clearance

procedures set forth in 24 CFR 50.20(l).

For that reason, no environmental

finding has been prepared for this

notice.

(Secs. 211, 221, 224, National Housing Act,

12 U.S.C. 1715b, 1715l, 1715o; sec. 7(d),

Department of HUD Act, 42 U.S.C. 3535(d))

Dated: February 1, 1995.

Nicolas P. Retsinas,

Assistant Secretary for Housing-Federal

Housing Commissioner.

[FR Doc. 95–3101 Filed 2–7–95; 8:45 am]

BILLING CODE 4210–27–P

DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[W0220–1020–00–241A]

Information Collection Submitted to

the Office of Management and Budget

for Review Under Paperwork

Reduction Act

The proposal for the collection of

information listed below has been