63674 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

compliance with the Act and existing

regulations.

Estimate of Burden: Public reporting

burden for certification that timber

purchase and export activities are in

compliance with the Act and existing

regulations is estimated to average 30

seconds per response.

Respondents: Businesses or other forprofit entities, including small

businesses.

Estimated Number of Respondents:

Respondents for certification that timber

purchase and export activities are in

compliance with the Act and existing

regulations are estimated to be 500.

Estimated Number of Responses per

Respondent: 20.

Estimated Total Annual Burden on

Respondents: 83.

36 CFR 223.193(a)

Abstract: The Act requires an annual

report on the acquisition and

disposition of Federal timber. The Act

contains this reporting requirement (16

U.S.C. 620d(a)(1)). This is a revision of

currently approved form FS 2400–46

that was approved in OMB Number

0596–0021 as part of the 36 CFR 223.87

information collection requirements.

Estimate of Burden: Public Reporting

burden for the annual report is

estimated to average: 4.0 hours per

response.

Respondents: Businesses or other forprofit entities, including small

businesses.

Estimated Number of Respondents:

Respondents for the annual report are

estimated to be 500.

Estimated Number of Responses per

Respondent: 1.

Estimated Total Annual Burden on

Respondents: 2,000.

Extension and Revision of Currently

Approved Information Collection

Under 0596–0114

Title: USDA, Forest Service Request

for Disposal of National Forest Timber,

Timber Export or Substitution

Restrictions.

OMB Number: 0596–0114.

Expiration Date of Approval: May 31,

1997.

Type of Request: The following

collection requirement is an extension

and revision of currently approved OMB

Number 0596–0114 and is proposed to

be consolidated with other information

collections in this notice under OMB

Number 0596–0114.

36 CFR 223.190(c)

Abstract: Sourcing area applications

require certain minimum information to

be evaluated, pursuant to the Act’s

requirements (16 U.S.C. 620b(c)(3)).

This information includes: a map; a list

of manufacturing facilities within same

vicinity as applicant’s facilities; any

other relevant information; and

certification that the information is true,

complete, and accurate.

Estimate of Burden: Public reporting

burden is estimated to average 8.0 hours

per response.

Respondents: Businesses or other forprofit entities, including small

businesses.

Estimated Number of Respondents:

Respondents for sourcing area

applications are estimated to be 2.

Estimated Number of Responses per

Respondent: 1.

Estiamted Total Annual Burden on

Respondents: 16.

Extension and Revision of Currently

Approved Information Collection

Under 0596–0115

Title: USDA, Forest Service Request

for Sale and Disposal of National Forest

Timber, Log Export and Substitution

Exemption Restrictions.

OMB Number: 0596–0115.

Expiration Date of Approval: August

31, 1995.

Type of Request: The following

collection requirements are extensions

and revisions of currently approved

OMB Number 0596–0115 and are

proposed to be consolidated under OMB

Number 0596–0114.

36 CFR 223.191(e)

Abstract: Purchasers have the option

of providing information for sourcing

area reviews. This information may

increase the likelihood that the results

of the review will meet the purchaser’s

needs and will provide comprehensive

information for the Department’s review

of the application (16 U.S.C. 620b(c)(3)).

Estimate of Burden: If purchasers

elect to provide information for sourcing

area reviews, the public reporting

burden is estimated to average 2.0 hours

per responses.

Respondents: Businesses or other forprofit entities, including small

businesses.

Estiamted Number of Respondents:

Respondents to the review of sourcing

areas are estimated to be 10.

Estiamted Number of Responses per

Respondent: 1.

Estiamted Total Annual Burden on

Respondents: 20.

36 CFR 223.203(c)

Abstract: The Act provides an

exception to indirect substitution

restrictions for National Forest System

timber from within Washington State

(16 U.S.C. 620b(b)(2)). Purchasers with

approved shares may sell or trade those

shares if the purchaser advises the

Regional Forester of the amounts being

traded and the name of the person

acquiring such rights, so the agency has

accurate information by which to

monitor the exemption.

Estimate of Burden: Public reporting

burden is estimated to average 1.0 hour

per response.

Respondents: Businesses or other forprofit entities, including small

businesses.

Estmated Number of Respondents:

Respondents to the trading of shares in

Washington State are estimated to be 2.

Estimated Number of Responses per

Respondent: 1.

Estimated Total Annual Burden on

Respondents: 2.

Comments Are Invited On

(a) Whether the proposed collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information will have practical utility;

(b) the accuracy of this agency’s

estimate of the burden of the proposed

collection of information, including the

validity of the methodology and

assumptions used; (c) ways to enhance

the quality, utility, and clarity of the

information to be collected; and (d)

ways to minimize the burden of the

collection of information on

respondents, including the use of

automated collection techniques or

other forms of information technology.

Use of Comments

All comments received in response to

this notice will be summarized and

included in the request for OMB

approval. All comments will also

become a matter of public record.

Dated: December 4, 1995.

Valdis E. Mezainis,

Acting Chief.

[FR Doc. 95–29949 Filed 12–11–95; 8:45 am]

BILLING CODE 3410–11–M

Rural Housing and Community

Development Service

Notice of Availability of Housing Funds

AGENCIES: Rural Housing and

Community Development Service,

USDA.

ACTION: Notice.

SUMMARY: The Rural Housing and

Development Service (RHCDS)

announces the availability of housing

funds for fiscal year 1996 (FY 1996).

This action is taken to comply with 42

U.S.C. 1490p which requires that

RHCDS publish in the Federal Register
Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices 63675

notice of the availability of any housing

assistance.

EFFECTIVE DATE: December 12, 1995.

FOR FURTHER INFORMATION CONTACT:

Cynthia Reese-Foxworth, Loan

Specialist, Rural Rental Housing

Branch, Multi-Family Housing

Processing Division, Room 5337, or

Gloria Denson, Senior Loan Specialist,

Single Family Housing Processing

Division, Room 5334, RHCDS, USDA,

South Agriculture Building,

Washington, DC 20250, telephones (202)

720–1608 and (202) 720–1474

respectively. (These are not toll free

numbers.)

SUPPLEMENTARY INFORMATION:

Programs Affected

These programs or activities are listed

in the Catalog of Federal Domestic

Assistance under Nos:

10.405 Farm Labor Housing Loans and

Grants

10.410 Very Low to Moderate Income

Housing Loans

10.411 Rural Housing Site Loans

10.417 Very Low Income Housing Repair

Loans and Grants

10.420 Rural Self-Help Housing Technical

Assistance

10.427 Rural Rental Assistance Payments

10.433 Housing Preservation Grants

10.442 Housing Application Packaging

Grants

Discussion of Notice

7 CFR chapter XVIII, part 1940,

subpart L contains the formulas and

methodology applicable to loan and

grant funds for FY 1996.

At the current time, there is no

authority to obligate section 515 new

construction loans. Rural Economic and

Community Development (RECD) state

offices will be advised when the

program is re-authorized for new

construction loans. The public may

contact the individuals listed in this

Notice or state office personnel for

further information. The guidance

provided to our state offices is separated

between assistance available in our

Multi- and Single-Family Housing

Programs as follows:

Multi-Family Housing (MFH)

I. General

A. This notice provides MFH

allocations to individual States for

Fiscal Year (FY) 1996. Allocation

computations have been performed in

accordance with 7 CFR 1940.575 and

1940.578. The transition formula is not

used.

B. MFH loan and grant levels for FY

1996 are as follows:

Section 514 Farm Labor Housing (LH) Loans ................................................................................................................................... $15,000,000

Section 515 Rural Rental Housing (RRH) Loans .............................................................................................................................. 152,480,000

Section 516 LH Grants (Unobligated prior year balances and/or cancellations of prior years will be added to the amount

shown) ............................................................................................................................................................................................. 10,0000,000

Section 521 Rental Assistance (RA)

RRH New Construction ............................................................................................................................................................... 32,200,000

LH New Construction .................................................................................................................................................................. 4,600,000

Section 525/509 Housing Application Packaging Grants* .............................................................................................................. 1,000,000

Section 533 Housing Preservation Grants (HPG) .............................................................................................................................. 11,000,000

* See Single Family Housing (SFH) section of this Notice for further information.

II. State Allocations

All state allocations, with the

exception of new construction RA, have

been developed with the methodology

and formulas stated in 7 CFR part 1940,

subpart L.

A. Section 515 RRH Loan Funds

1. Amount Available for Allocation.

Total available ................. $152,480,000

Less inventory property

sales .............................. 8,500,000

Less general reserve ......... 34,500,000

Less base administrative

allocation ...................... 16,428,426

Less base allocation ......... 0

Basic formula amount ..... 93,051,574

2. Base Allocation. Not used.

3. Administrative Allocation. A

distribution of funds to certain States to

assure that all States receive at least

$1,250,000 to ensure sufficient funding

levels for new construction or repair

and rehabilitation loans less base

allocation.

4. Reserves.

a. State Office Reserve. In States

which allocate funds to Districts, 7 CFR

1940.552(j) authorizes the State Director

to hold a reserve. Such reserves, if

established, will be available only for

patchouts, leveraging state Section 515

funds with National Office reserve

funds in a targeted area and to

nonprofits, hardships or emergency

situations.

b. Inventory Property Sales.

$8,500,000 has been set aside to

facilitate the sale of inventory

properties. Funding for inventory

property sales will be split between the

National Office and State Office on a 50/

50 basis.

c. National Office Reserve. The

reserve is approximately 25 percent of

the total funds available and is

distributed as follows:

(i) General Reserve. $34,500,000 in

general reserve funds have been set

aside. Since access to general reserve

funds cannot be assured or guaranteed,

States should not consider potential

access to these funds when authorizing

Forms AD–622, ‘‘Notice of

Preapplication Review Action,’’ up to

the authorized percentage of their

allocation. Until June 3, 1996, State

Directors can request these funds for the

following purposes:

(A) Hardships and Emergencies. The

request must include sufficient

documentation to support the hardship

or emergency including reasons why it

is in the Government’s best interest to

consider the request.

(B) Patchouts. A patchout, not to

exceed 30 percent of the total loan

obligation, when the State needs the

additional funds to obligate 100 percent

of its allocation.

Note: Repairs/Rehabilitations. Each State

will use its Section 515 Allocation for repair

and rehabilitation loans. Such loans will

have first priority for funds in each State.

(C) RH Cooperatives.

(ii) Designated Reserves. The

following set asides are derived from the

general reserve.

(A) State Rental Assistance (RA). An

amount of $2.5 million of the RRH

funds has been set aside for States in

which an active State sponsored RA

program is available. Funds will be

distributed to participating States based

on a pro rata share of State RA units

being provided. These funds are subject

to year-end pooling requirements.

(B) Equity Loans. An amount of $2.5

million has been set aside for the equity

loan prepayment incentive features

described in FmHA Instruction 1965–E.

Funds are fully available and are subject

to year-end pooling requirements. The

amount of equity funds available may be

changed administratively by RHCDS

based upon use and need for funds.

(C) Nonprofit Reserve. An amount of

$7.5 million has been set-aside for

certain nonprofit applicants. The

applicant must be a nonprofit entity

which meets the following conditions:
63676 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

(1) Is a private nonprofit organization,

consumer cooperative, or Indian Tribe;

(2) whose principle purposes include

the planning, development, and

management of low-income housing; (3)

is exempt from Federal income taxes

under section 501(c)(3) or 501(c)(4) of

the Internal Revenue Code; (4) is not

wholly or partially owned or controlled

with or by a ‘‘for profit’’ entity; (5) is not

a public body, housing authority,

limited partnership, limited partnership

with a nonprofit general partner; (6) is

not coventuring with a ‘‘for profit’’

entity eligible for Section 515

assistance; and (7) is not requesting

Low-Income Housing Tax Credits

(LIHTC) pursuant to section 42 of the

Internal Revenue Code. In order to

maximize the number of loans from this

reserve, each State may develop one

proposal which may not exceed the

State’s average size (number of units)

new construction loan. Funds will be

made available on a first-come-firstserved basis.

(D) Targeting Reserve: An amount of

$12 million has been set aside for loan

requests which are located in target

areas selected by the State Director, in

accordance with Strategic Plan Goals

established by the Under Secretary. By

December 15, 1995, each State Director

will ensure that such target areas are

selected. No state may request or receive

more than $1 million from this reserve.

A state or jurisdiction may utilize up to

$500,000 of their own allocation in

addition to the $1 million they can

receive from the National Office

provided they have addressed all repair

and rehabilitation needs in their state.

No requests received after January 3,

1996, will be considered.

5. Pooling of Funds.

a. State Office Pooling. The States

which allocate funds by/to Districts are

not authorized to pool unobligated

funds prior to May 6, 1996.

b. National Office Pooling. Unused

RRH funds will be placed in the

National Office reserve and will be

made available administratively. Yearend pooling of all Section 515 RRH loan

funds is scheduled for close of business

(COB), August 19, 1996.

B. Rental Assistance (RA)

1. Valuation of New Construction RA.

A total of $32,200,000 will be available

for RRH new construction RA and

$4,600,000 is available for LH new

construction RA. These equate to an

estimated 3,200 units for the RRH and

LH loan programs. All RA units held in

the reserves are estimated based on the

national weighted average.

2. Estimated Units Available for

Allocation. The allocation formula

contained in 7 CFR 1940.576 will not

provide a proportionate amount of new

construction RA in each State to match

loan funds available for new unit

development and is therefore not

utilized in FY 1996. New construction

RA allocations, based upon State’s

requests, are included in this Notice.

Estimated total units available ....... 3,200

Less LH Reserve ............................... 400

Subtotal RRH ................................... 2,800

Less RRH reserve ............................. 1,550

Less RRH base allocation ................ 0

Less RRH administrative allocation 0

Total State Requested RA

Units ................................... 1,250

3. Base Allocation. No base allocation

is provided.

4. Administrative Allocation. No

administrative allocation is provided.

5. Reserves:

a. State Office Reserve. In States

which allocate funds and RA, 7 CFR

1940.552(j) authorizes the State Director

to hold a reserve. Such reserves, if

established, will be limited only to

patchouts and loans under the nonprofit

or targeted area reserves, and hardships

and emergency situations.

b. National Office Reserve. 925 units

will be held in the National Office

reserve. The National Office reserve is

available to States for the nonprofit and

targeting reserves.

c. Participation loans and RA: 625

units of new construction RA have been

set aside to provide tenant subsidy on

units that may be developed through

participation loans, if such loans are

authorized. This set aside will be

redistributed if participation loans are

not authorized.

d. LH. The 400 RA units for LH new

construction are being retained in a

separate LH reserve.

6. Pooling of RA.

a. State Office Pooling. The States

which allocate RA by or to Districts are

not authorized to pool unobligated RA

prior to May 6, 1996.

b. National Office Pooling. Year-end

National Office pooling of RA for RRH

is scheduled for COB, August 19, 1996.

7. Availability of the Allocation.

States are authorized to approve up to

100 percent of their RA allocation

indicated in this Notice.

8. Suballocation by the State Director.

RA units may be suballocated to

Servicing Offices, at the discretion of

the State Director, in accordance with 7

CFR 1940.552(j).

9. Approval and Obligation of RA.

Loans will only be obligated when

sufficient RA to ensure market

feasibility can be obligated at the same

time. RA for loans obligated in a prior

FY is not authorized.

III. Farm Labor Housing Loan and Grant

Funds (Not Allocated to States)

A. Section 514 Farm LH Loans

Loans are funded in accordance with

7 CFR 1940.579(a).

FY 1996 Appropriation ....... $15,000,000

Available for Off-Farm

Loans ................................. 10,500,000

Available for On-Farm

Loans ................................. 1,500,000

National Office Reserve ....... 3,000,000

B. Section 516 LH Grants. These

grants are funded in accordance with 7

CFR 1940.579(b).

FY 1996 Appropriation ....... $10,000,000

Available for LH Grants ...... 7,000,000

Available for Technical Assistance Contracts ............ 1,000,000

National Office Reserve ....... 2,000,000

C. National Office Loan and Grant

Reserve. $5 million National Office loan

and grant reserve that will be available

until June 30, 1996, or until expended.

The reserve will be used for the

following purposes on a first-come-firstserved basis.

1. Repair and rehabilitation of LH

projects in the portfolio. Loans and

grants are available for the repair and

rehabilitation of existing projects that

have health and safety violations.

2. Migrant and migrant/homeless

projects. Funds are available for

obligation for proposals under existing

regulations that include at least fifty

percent of the units to serve migrant

farmworkers or the dual populations of

migrant farmworkers and the homeless.

3. Leveraged LH projects. While some

leverage funds should be used in all LH

projects to the degree possible and

feasible, reserve funds are available for

projects that have commitments of nonLH loan and grant funds in excess of 25

percent of total development cost.

D. RA for LH—New Construction.

This RA is held in a National Office

reserve for use with LH loan and grant

applications in accordance with

paragraph II B of this Notice.

E. Processing Preapplications:

1. In light of the current number of

preapplications authorized to be

developed into full applications, new

Forms AD–622 will be authorized on a

limited basis. Those preapplications

that fall within the following categories

will be accepted for National Office

review:

a. Preapplications that are on-hand in

the National Office and those that have

been reviewed by the State Office and
Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices 63677

are ready as of the date of this notice for

National Office review.

b. Preapplications that are from

sponsors assisted by the TA contractors.

c. Preapplications for repair and

rehabilitation of existing projects to

correct serious health and safety

conditions.

d. Preapplications that include at least

50 percent of the units for migrant

farmworkers and operate on a seasonal

basis.

e. Preapplications that are highly

leveraged and reflect at least 50 percent

of the total development cost being

funded by the LH loan and grant

program.

2. Preapplications should not exceed

$2.5 million in LH loan and grant funds

and proposals should reflect

economically feasible projects in terms

of management and operation.

IV. Section 533 Housing Preservation

Grants (HPG)

A. Amount Available for Allocation.

Total available ..................... $11,000,000

Less reserve .......................... 550,000

Less base allocation ............. 5,300,000

Less administrative allocation .................................... 541,436

Basic Formula Amount ....... 4,608,564

B. Base Allocation. The base

allocation is $100,000 times 53 states

and territories which equals $5.3

million.

C. Administrative Allocations. A

distribution of funds to certain States to

assure that all States receive at least

$150,000 of initial allocation.

D. Reserve. The National Office

reserve is 5 percent of the total funds

available. The reserve is for emergency

and projects in targeted areas. The

request must include sufficient

documentation to support the

emergency and projects in targeted areas

including reasons why it is in the

Government’s best interest to consider

the request.

E. Pooling of Funds. Funds in excess

of the dollar amount of applications on

hand will be pooled in the National

Office at a date to be announced.

F. Availability of the Allocation. HPG

is a competitive grant program. Opening

and closing dates for submission of

preapplications will be announced.

Subsequent to review and ranking of

preapplications and submission of final

applications, States are authorized to

obligate HPG requests in amounts not to

exceed those reflected in this Notice.

There will be no funds for patchouts or

additional projects.

V. Exception Authority

The Administrator, or designee, may

in individual cases, make an exception

to any requirements of this Notice

which are not inconsistent with the

authorizing statute, if he or she finds

that application of such requirement

would adversely affect the interest of

the Government. The Administrator, or

his or her designee, also reserves the

right to change pooling dates, establish

or change minimum and maximum fund

usage from set-asides or the reserve, or

restrict participation in set-asides and

reserves.

Single Family Housing (SFH)

I. General

A. This section provides SFH

allocations available to individual States

for fiscal year (FY) 1996. Allocation

computations have been made in

accordance with 7 CFR 1940.563

through 1940.568.

B. The SFH loan amounts and grant

amounts shown below are based on the

total loan levels deliverable with

subsidy. The SFH levels authorized for

FY 1996 are as follows:

Section 502 Guaranteed Rural Housing (RH) Loans

Nonsubsidized Guarantees * ................................................................................................................................................. $1,700,000,000

Subsidized Guarantees .......................................................................................................................................................... 0

Section 502 Direct RH Loans

Very Low-income Subsidized Loans * ................................................................................................................................. 406,498,000

Low-income Subsidized Loans * ......................................................................................................................................... 609,747,000

Nonsubsidized Loans ............................................................................................................................................................ 0

Credit Sales ................................................................................................................................................................................... 0

Section 504 Housing Repair Loans * ........................................................................................................................................... 37,798,000

Section 504 Housing Repair Grants ** ........................................................................................................................................ 24,900,000

Section 509 Compensation for Construction Defects * .............................................................................................................. 495,000

Section 523 Self-Help Site Loans * .............................................................................................................................................. 595,010

Section 523 Self-Help Technical Assistance Grants ** .............................................................................................................. 12,650,000

Section 524 RH Site Loans * ....................................................................................................................................................... 600,000

Section 525/509 Housing Application Packaging Grants (HAPG) ** ........................................................................................ 5,191,000

* SFH loan levels deliverable with subsidy.

** Unobligated or canceled funds from prior fiscal years have been added to the amount shown.

C. SFH loan and grant types not

allocated to States are available on a

first-come-first-served basis as follows:

1. Section 502 Direct Nonsubsidized

Funds (loan making and servicing).

There were no FY 1996 funds

designated for loans for nonsubsidized

loan making and servicing applicants.

Assistance is available for qualified very

low- and low-income applicants who

are eligible for subsidy, but at the

present time the subsidy is not needed.

The subsidy will be obtain from the

State’s subsidized regular funding.

2. Credit Sale Authority. There is no

funding provided for credit sales in FY

1996. State Directors are required to

maintain an adequate reserve of section

502 loan funds to finance the sale of

SFH inventory program property to

program eligible buyers. FY 1996

funding for RHCDS nonprogram

financing of credit sales is not

authorized.

3. Section 509 Compensation for

Construction Defects, Section 523 SelfHelp Site Loans, Section 523 Self-Help

Technical Assistance Grants, and

Section 524 RH Site Loans. Funding will

be approved by the National Office,

SFHPD.

4. Deferred Mortgage Payment

Demonstration. Funding will not be

provided for deferred mortgage

authority or loans for deferred mortgage

assumptions.

II. State Allocations

All allocations have been developed

with the methodology and formulas

stated in 7 CFR part 1940. The funds

distributed to each State for a particular

quarter in total may exceed the funds

available nationally for all States.

Therefore, if funds become exhausted at

the National Office level, some States

will not have access to the full

distribution for the remainder of the

quarter. ALL ALLOCATED FUNDS TO

STATE OFFICES ARE SUBJECT TO
63678 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

THE AVAILABILITY OF FUNDS AT

THE NATIONAL LEVEL.

A. Section 502 Nonsubsidized

Guaranteed RH Loans.

1. Amount Available for Allocation.

Total Available .............. $1,700,000,000

Less National Office Reserve ............................ 255,000,000

Less Base Allocation ..... 0

Basic Formula— Administrative Allocation .... $1,445,000,000

2. Basic Formula Criteria, Data

Source, and Weight. See 7 CFR

1940.563(b) Data derived from the 1990

U.S. Census was provided to each State

by the National Office on August 12,

1993.

3. Transition Formula. Will not be

used in FY 1996.

4. Base Allocation. The base

allocation is an amount, if any, above

the computed formula allocation

necessary for each State to receive a

total allocation sufficient to run a viable

program (at least $1 million).

5. Administrative Allocation. Due to

the absence of Census Data, the Western

Pacific Areas will receive an

administrative allocation.

6. General Reserve. Requests for

National Office reserve funds will be

considered on a first-come-first-served

basis.

7. Pooling of Funds. There will be no

mid-year pooling. Year-end pooling is

tentatively scheduled for close of

business on August 12, 1996. Pooled

funds will be placed in the National

Office reserve and will be made

available administratively.

8. Availability of the Allocation.

Funds will be distributed cumulatively

by quarters as follows: 45 percent

through the first quarter, 75 percent

through the second quarter, 95 percent

through the third quarter, and 100

percent in the fourth quarter until the

National Office year-end pooling date.

9. Suballocation by the State Director.

The State Director will retain these

funds at the State Office level. Funds

will not be suballocated to District or

County Offices.

B. Section 502 Direct RH Loans

1. Amount Available for Allocation.

Total Available .............. $1,016,244,245

Less General Reserve ..... 30,000,000

Less Designated Reserves .......................... 120,000,000

Basic Formula—Administrative Allocation .... $866,244,245

2. Basic Formula Criteria, Data

Source, and Weight. See 7 CFR

1940.565(b). Data derived from the 1990

U.S. Census was provided to each State

by the National Office on August 12,

1993.

3. Transition Formula. Will not be

used in FY 1996.

4. Base Allocation. Will not be used

in FY 1996.

5. Administrative Allocation. Due to

the absence of Census Data, the Western

Pacific Areas will receive an

administrative allocation.

6. Reserve.

a. State Office Reserve. State Directors

must maintain an adequate reserve to

fund the following applications:

(i) Hardship applications. Hardship is

determined by the State Director on a

case-by-case basis and must include

applications from persons living in

deficient housing for more than 6

months.

(ii) The State’s portion of funds for

Mutual Self-Help loans.

(iii) Subsequent loans for essential

improvements or repairs and in

connection with transfers with

assumptions of the RHCDS

indebtedness.

(iv) Financing for the purchase of

Government owned inventory

properties.

(v) State Directors are required to set

aside not more than 20 percent of their

initial low-income allocation for

participation in leveraging Section 502

Direct loan funds. A reserve for very

low-income participation is not

required, but may be established if

significant activity is anticipated by the

State Director.

b. National Office Reserves.

(i) General Reserve. The total

allocated FY 1996 general reserve

contains $30 million. The reserve funds

will be limited to providing funds to

States for extreme hardship cases.

FUNDING WILL NOT BE AVAILABLE

UNTIL THE BEGINNING OF THE

THIRD QUARTER.

(A) For the Section 502 Direct Loan

Program, an extreme hardship case

exists when:

(1) An individual or family is

currently without housing and is unable

to find shelter on a temporary basis with

other family members, relatives, or

friends, or the applicant is occupying a

structure that has been recently

condemned by local authorities; or

(2) The family is unable to obtain an

adequate rental unit because:

(a) Such units are not available in the

local market; or

(b) The family cannot afford the

interim move due to money, health

reasons, adequacy of optioned housing,

importance of location of optioned

house, etc.; or

(c) The hardship has been caused by

fire, flooding, hurricane, tornado, or

other causes beyond the applicant’s

control.

(B) Certain subsequent loans may be

made in conjunction with a transfer or

assumption, if the loan amount is very

small and the hardship is determined to

be unique.

(C) Based upon need and projected

availability of unobligated funds, the

Administrator reserves the right to

permit expanded access to funds from

the National Office without notice in the

Federal Register.

(ii) Designated Reserves.

(A) Targeted Reserve. Of the FY 1996

Section 502 funds, $46 million will be

held in the National Office reserve for

targeted counties. Designated funds will

be allotted 60 percent for low-income

and 40 percent for very low-income

applicants. These funds will be subject

to year-end pooling requirements.

(1) Funds will be distributed

cumulatively by quarters as follows: 40

percent through the first quarter, 70

percent through the second quarter, 90

percent through the third quarter, and

100 percent in the fourth quarter until

the National Office year-end pooling

date.

(2) The targeted reserve must be set

aside and used for areas identified in

the States’ FY 1996 annual performance

goals such as the underserved counties;

nonmetro counties with persistent

poverty; Indian reservations; colonias;

Empowerment Zones/Enterprise

Communities (EZ/ECs), Pacific

Northwest areas; the Appalachia;

Mississippi Delta Region; and

communities with special needs that

have not been adequately served during

the last 5 years.

(B) Demonstration Housing Program:

Section 502 RH funds in the amount of

$4 million have been set aside for

demonstration housing concepts which

were identified by the National Office

for approval in FY 1995. Designated

funds will be allotted 60 percent for

low-income and 40 percent for very

low-income. All funds are subject to the

pooling requirements of 7 CFR part 1940

subpart L.

(C) Matching Funds for States with

Approved Mutual Self-Help Housing

Grants. THE AMOUNT OF $70

MILLION OF FY 1996 SECTION 502

FUNDS HAS BEEN SET ASIDE FOR

MATCHING FUNDS ON THE BASIS OF

THE NATIONAL OFFICE

CONTRIBUTING 75 PERCENT FROM

THE NATIONAL OFFICE RESERVE TO

AN INDIVIDUAL STATE

CONTRIBUTING 25 PERCENT OF

ALLOCATED SECTION 502 RH FUNDS

USED OR THE GRANTEE
Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices 63679

CONTRIBUTING 25 PERCENT TO

ASSIST PARTICIPATING SELF-HELP

FAMILIES. Funds are to be requested

for the participating family at the time

of loan approval and are subject to the

pooling requirements of 7 CFR part 1940

subpart L. Reimbursement funds will be

reimbursed at a rate of 60 percent for

low-income and 40 percent for very

low-income funds. States will be

responsible for adjusting very low-/lowincome funding activity within their

state to compensate for the Mutual and

Self-Help Program obligations differing

significantly from the 40/60 percent

allocation ratio.

7. Pooling of Funds.

a. State Office Pooling. If pooling is

conducted within a State, it must not

take place within the first 30 calendar

days of the first, second, or third

quarter. (There are no restrictions on

pooling in the fourth quarter.) The

pooled funds may be redistributed by

the State Director provided the State

Director has determined that the pooled

funds could not be used in the field

offices receiving the funds allocated in

accordance with 7 CFR part 1940

subpart L.

b. National Office Pooling. There will

be no mid-year pooling. Year-end

pooling is tentatively scheduled for

close of business August 12, 1996. Yearend pooled funds will be placed in the

National Office reserve and will be

made available administratively.

8. Availability of the Allocation. The

Housing Act of 1949, as amended,

provides that not less than 40 percent of

the funds be made available for very

low-income Section 502 loan

applicants. Funds will be distributed by

quarters, cumulatively, as follows: 40

percent through the first quarter, 70

percent through the second quarter, 90

percent through the third quarter, and

100 percent in the fourth quarter until

the National Office year-end pooling

date.

9. Suballocation by the State Director.

The State Director must suballocate to

each District Office using the

methodology and formulas required by

7 CFR part 1940, subpart L. The District

Director will make funds available on a

first-come-first-served basis to all field

offices in the district. No County Office

will have its access to funds restricted

without the prior written approval of

the Administrator.

C. Section 504 Housing Repair Loans

and Grants.

1. Amount Available for Allocations.

Section 504 Loans

Total Available .................... $37,798,000

Less General Reserve ........... 3,800,000

Less Designated Targeted

Reserve .............................. 1,900,000

Basic Formula—Administrative Allocation .................. 32,098,000

Section 504 Grants

Total Available .................... 24,900,000

Less General Reserve ........... 2,490.000

Less Designated Targeted

Reserve .............................. 1,245,000

Basic Formula—Administrative Allocation .................. 21,165,000

2. Basic Formula Criteria, Data

Source, and Weight. See 7 CFR

940.566(b). Data derived from the 1990

U.S. Census was provided to each State

by the National Office on August 12,

1993. This data must be used if funds

are suballocated to District Offices.

3. Transition Formula and Base

Allocation. Will not be used in FY 1996.

4. Administrative Allocation. Due to

the absence of Census Data, the Western

Pacific Areas received an administrative

allocation.

5. Reserve.

a. State Office Reserve. State Directors

must maintain an adequate reserve to

fund hardship applications. Hardships

will be determined by the State Director

on a case-by-case basis.

b. National Office Reserves.

(i) General Reserve. The total

allocated FY 1996 funds contain only 10

percent for the general reserve. Use of

these reserve funds will be limited to

providing funds to States for extreme

hardship cases. An extreme hardship

case is defined as an individual case

with significant priority in funding,

ahead of other requests, due to severe

health or safety hazards, or physical

needs of the applicant or community.

The priority may be related to sanitation

hazards, or impending climatic hazards

which are above average and should

receive priority for funds. Based upon

need and projected availability of

unobligated funds, the Administrator

reserves the right to permit expanded

access to funds from the National Office

without notice in the Federal Register.

All funds allocated to states are subject

to the availability of funds at the

National Level.

(ii) Targeted Reserve. Of the FY 1996

Section 504 loan and grant

appropriations, $1.9 million and $1.245

million, respectively will be held in the

National Office’s reserve for the targeted

counties. These funds will be subject to

year-end pooling requirements.

7. Pooling of Funds. There will be no

mid-year pooling. Year-end pooling is

tentatively scheduled for close of

business on August 12, 1996. Pooled

funds will be placed in the National

Office reserve and will be made

available administratively.

8. Availability of the Allocation.

Funds will be distributed by quarters

cumulatively as follows: 40 percent

through the first quarter, 70 percent

through the second quarter, 90 percent

through the third quarter, and 100

percent in the fourth quarter until the

National Office year-end pooling date.

D. Sections 525/509 HAPG.

1. Amount Available for Allocations.

Total Available (Carry-over

Funds) ............................... $5,191,000

Less General Reserve ........... 391,000

Basic Formula Amount:

Sections 502/504 Loans

and Grants ..................... 3,000,000

Sections 514/516, 515,

524, and 533 ................. 1,000,000

2. Basic Formula Criteria, Data

Source, and Weight. For Sections 502/

504 loan and grant programs, each

participating State’s funds will be based

on its number of eligible counties or

colonias, with each State receiving a pro

rata share of the total funds available.

For Sections 514/516, 515, 524, and 533

programs, $1 million has been set aside

in the National Office, on a first-comefirst-served basis.

3. Transition Formula, Base

Allocation and Administrative

Allocation. Will not be used in FY 1996.

4. General Reserve. Requests for

National Office reserve funds will be

considered on a first-come-first-served

basis.

5. Pooling of Funds. Year-end pooling

is tentatively scheduled for close of

business August 12, 1996. Pooled funds

will be placed in the National Office

reserve and will be made available

administratively.

6. Availability of the Allocation.

Funds will be distributed cumulatively

by quarters as follows: 40 percent

through the first quarter, 70 percent

through the second quarter, 90 percent

through the third quarter, and 100

percent in the fourth quarter until the

National Office year-end pooling date.

III. Exception Authority

The Administrator, or designee, may,

in individual cases, make an exception

to any requirements of this attachment

which are not inconsistent with the

authorizing statute, if the Administrator

or designee finds that application of

such requirement would adversely

affect the interest of the Government.

The Administrator, or designee, also

reserves the right to change pooling

dates, establish or change minimum and

maximum fund usage from set asides

and the reserve, or restrict participation

in set asides and reserves.

The following spreadsheets contain

the allocation of FY 1996 MFH and SFH
63680 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

loan and grant funds to individual

States:

Dated: December 4, 1995.

Jan E. Shadburn,

Acting Administrator, Rural Housing and

Community Development Service.

SECTION 515 RURAL RENTAL HOUSING PROGRAM ALLOCATIONS

[Fiscal year 1996]

State Formula

factor

Loan

allocation

Base/Admin

allocation

Total

allocation

State req.’d

RA units

1995

weighted

new constr.

RA value

RA dollar

value

AL ................................................. 0.02957 $2,751,535 $0 $2,751,535 7 $11,706 $81,942

AK ................................................. 0.00587 546,213 703,787 1,250,000 14 17,844 249,816

AZ ................................................. 0.01780 1,656,318 0 1,656,318 39 14,862 579,618

AR ................................................. 0.02310 2,149,491 0 2,149,491 35 10,766 376,810

CA ................................................. 0.04653 4,329,690 0 4,329,690 65 11,429 742,885

CO ................................................ 0.00840 781,633 468,367 1,250,000 20 11,280 225,600

DE ................................................. 0.00190 176,798 1,073,202 1,250,000 25 15,143 378,575

MD ................................................ 0.00880 818,854 431,146 1,250,000 14 15,074 211,036

FL .................................................. 0.02890 2,689,190 0 2,689,190 0 10,450 0

GA ................................................. 0.03867 3,598,304 0 3,598,304 81 8,556 693,036

HI .................................................. 0.00790 735,107 514,893 1,250,000 12 13,344 160,128

WPA .............................................. 0.00647 602,044 647,956 1,250,000 12 11,190 134,280

ID .................................................. 0.00743 691,373 558,627 1,250,000 28 10,865 304,220

IL ................................................... 0.02250 2,093,660 0 2,093,660 0 10,441 0

IN .................................................. 0.02157 2,007,122 0 2,007,122 14 9,181 128,534

IA .................................................. 0.01340 1,246,891 3,109 1,250,000 28 9,584 268,352

KS ................................................. 0.01130 1,051,483 198,517 1,250,000 25 8,551 213,775

KY ................................................. 0.03483 3,240,986 0 3,240,986 75 11,353 851,475

LA ................................................. 0.03170 2,949,735 0 2,949,735 69 12,495 862,155

ME ................................................ 0.00913 849,561 400,439 1,250,000 10 19,311 193,110

MA ................................................ 0.00793 737,899 512,101 1,250,000 14 16,831 235,634

CT ................................................. 0.00453 421,524 828,476 1,250,000 18 13,940 250,920

RI .................................................. 0.00100 93,052 1,156,948 1,250,000 19 16,229 308,351

MI .................................................. 0.02977 2,770,145 0 2,770,145 20 8,239 164,780

MN ................................................ 0.01673 1,556,753 0 1,556,753 17 10,062 171,054

MS ................................................ 0.03180 2,959,040 0 2,959,040 34 11,586 393,924

MO ................................................ 0.02460 2,289,069 0 2,289,069 60 8,073 484,380

MT ................................................. 0.00620 576,920 673,080 1,250,000 10 10,007 100,070

NE ................................................. 0.00713 663,458 586,542 1,250,000 18 8,347 150,246

NV ................................................. 0.00263 244,726 1,005,274 1,250,000 7 13,598 95,186

NJ ................................................. 0.00657 611,349 638,651 1,250,000 23 20,565 472,995

NM ................................................ 0.01437 1,337,151 0 1,337,151 34 13,643 463,862

NY ................................................. 0.02753 2,561,710 0 2,561,710 42 13,255 556,710

NC ................................................. 0.04497 4,184,529 0 4,184,529 18 13,224 238,032

ND ................................................. 0.00413 384,303 865,697 1,250,000 24 9,159 219,816

OH ................................................ 0.03450 3,210,279 0 3,210,279 0 10,001 0

OK ................................................. 0.01917 1,783,799 0 1,783,799 0 10,128 0

OR ................................................ 0.01423 1,324,124 0 1,324,124 5 10,959 54,795

PA ................................................. 0.03687 3,430,812 0 3,430,812 45 11,538 519,210

PR ................................................. 0.04923 4,580,929 0 4,580,929 91 15,902 1,447,082

SC ................................................. 0.02690 2,503,087 0 2,503,087 0 12,315 0

SD ................................................. 0.00597 555,518 694,482 1,250,000 24 12,365 296,760

TN ................................................. 0.02973 2,766,423 0 2,766,423 0 10,044 0

TX ................................................. 0.07645 7,113,793 0 7,113,793 0 10,503 0

UT ................................................. 0.00430 400,122 849,878 1,250,000 20 13,163 263,260

VT ................................................. 0.00403 374,998 875,002 1,250,000 20 16,304 326,080

NH ................................................. 0.00503 468,049 781,951 1,250,000 22 15,581 342,782

VI .................................................. 0.00273 254,031 995,969 1,250,000 20 22,792 455,840

VA ................................................. 0.02660 2,475,172 0 2,475,172 0 10,867 0

WA ................................................ 0.01743 1,621,889 0 1,621,889 36 9,925 357,300

WV ................................................ 0.01937 1,802,409 0 1,802,409 0 9,875 0

WI ................................................. 0.01873 1,742,856 0 1,742,856 36 9,245 332,820

WY ................................................ 0.00307 285,668 964,332 1,250,000 0 10,883 0

DISTR ................................ 1.00000 93,051,574 16,428,426 109,480,000 1,250 15,357,236

N/O RES ............................ 43,000,000 1,550

TTL AVAIL ......................... 152,480,000 2,800
Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices 63681

SECTION 533 HOUSING PRESERVATION GRANT PROGRAM

[Fiscal year 1996]

State Base allocation

Basic formula factor

Basic formula

amount

Admin. allocationFY 96 allocation (rounded)

ALABAMA ............................................................................................ 100,000 0.02957 $136,277 .................... $236,280

ALASKA ............................................................................................... 100,000 0.00587 27,053 $22,947 150,000

ARIZONA ............................................................................................. 100,000 0.01780 82,033 .................... 182,030

ARKANSAS .......................................................................................... 100,000 0.02310 106,459 .................... 206,460

CALIFORNIA ........................................................................................ 100,000 0.04653 214,439 .................... 314,440

COLORADO ......................................................................................... 100,000 0.00840 38,712 11,288 150,000

CONNECTICUT ................................................................................... 100,000 0.00453 20,877 29,123 150,000

DELAWARE ......................................................................................... 100,000 0.00190 8,756 41,244 150,000

FLORIDA .............................................................................................. 100,000 0.02890 133,189 .................... 233,190

GEORGIA ............................................................................................. 100,000 0.03867 178,215 .................... 278,210

HAWAII ................................................................................................. 100,000 0.00617 28,435 21,565 150,000

IDAHO .................................................................................................. 100,000 0.00743 34,242 15,758 150,000

ILLINOIS ............................................................................................... 100,000 0.02250 103,694 .................... 203,690

INDIANA ............................................................................................... 100,000 0.02157 99,408 .................... 199,410

IOWA .................................................................................................... 100,000 0.01340 61,755 .................... 161,750

KANSAS ............................................................................................... 100,000 0.01130 52,077 .................... 152,080

KENTUCKY .......................................................................................... 100,000 0.03483 160,518 .................... 260,520

LOUISIANA .......................................................................................... 100,000 0.03170 146,093 .................... 246,090

MAINE .................................................................................................. 100,000 0.00913 42,077 7,923 150,000

MARYLAND ......................................................................................... 100,000 0.00880 40,556 9,444 150,000

MASSACHUSETTS ............................................................................. 100,000 0.00793 36,546 13,454 150,000

MICHIGAN ........................................................................................... 100,000 0.02977 137,198 .................... 237,200

MINNESOTA ........................................................................................ 100,000 0.01673 77,102 .................... 177,100

MISSISSIPPI ........................................................................................ 100,000 0.03180 146,554 .................... 246,550

MISSOURI ............................................................................................ 100,000 0.02460 113,372 .................... 213,370

MONTANA ........................................................................................... 100,000 0.00620 28,573 21,427 150,000

NEBRASKA .......................................................................................... 100,000 0.00713 32,859 17,141 150,000

NEVADA ............................................................................................... 100,000 0.00263 12,121 37,879 150,000

NEW HAMPSHIRE .............................................................................. 100,000 0.00503 23,181 26,819 150,000

NEW JERSEY ...................................................................................... 100,000 0.00657 30,279 19,721 150,000

NEW MEXICO ...................................................................................... 100,000 0.01437 66,226 .................... 166,230

NEW YORK .......................................................................................... 100,000 0.02753 126,875 .................... 226,880

NORTH CAROLINA ............................................................................. 100,000 0.04497 207,249 .................... 307,250

NORTH DAKOTA ................................................................................. 100,000 0.00413 19,034 30,966 150,000

OHIO .................................................................................................... 100,000 0.03450 158,997 .................... 259,000

OKLAHOMA ......................................................................................... 100,000 0.01917 88,347 .................... 188,350

OREGON ............................................................................................. 100,000 0.01423 65,581 .................... 165,580

PENNSYLVANIA .................................................................................. 100,000 0.03687 169,919 .................... 269,920

PUERTO RICO .................................................................................... 100,000 0.04923 226,882 .................... 326,880

RHODE ISLAND .................................................................................. 100,000 0.00105 4,839 45,161 150,000

SOUTH CAROLINA ............................................................................. 100,000 0.02690 123,972 .................... 223,970

SOUTH DAKOTA ................................................................................. 100,000 0.00597 27,513 22,487 150,000

TENNESSEE ........................................................................................ 100,000 0.02973 137,014 .................... 237,010

TEXAS .................................................................................................. 100,000 0.07639 352,052 .................... 452,050

UTAH .................................................................................................... 100,000 0.00430 19,817 30,183 150,000

VERMONT ........................................................................................... 100,000 0.00403 18,573 31,427 150,000

VIRGINIA .............................................................................................. 100,000 0.02660 122,589 .................... 222,590

VIRGIN ISLAND ................................................................................... 100,000 0.00273 12,582 37,418 150,000

WASHINGTON ..................................................................................... 100,000 0.01743 80,328 .................... 180,330

W. PACIFIC TERR. .............................................................................. 100,000 0.00820 37,791 12,209 150,000

WEST VIRGINIA .................................................................................. 100,000 0.01937 89,269 .................... 189,270

WISCONSIN ......................................................................................... 100,000 0.01873 86,319 .................... 186,320

WYOMING ........................................................................................... 100,000 0.00307 14,148 35,852 150,000

STATE TOTALS ............................................................................... 5,300,000 .................... 4,608,564 541,436 10,450,000

N.O. RESERVES .............................................................................. 550,000 .................... .................... .................... 550,000

ADMIN. ALLOCATION ..................................................................... 541,436 .................... .................... .................... ........................

TOTAL ALLOCATION ............................................................... .................... .................... .................... .................... 11,000,000

SECTION 502 GUARANTEED LOANS (NONSUBSIDIZED)

States State basic

formula factor

State basic

formula/administrative allocationTotal FY 1996

allocation

ALABAMA .................................................................................................................................... 0.0253847 36,656 36,656
63682 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

SECTION 502 GUARANTEED LOANS (NONSUBSIDIZED)—Continued

States State basic

formula factor

State basic

formula/administrative allocationTotal FY 1996

allocation

ALASKA ....................................................................................................................................... 0.0061561 8,889 8,889

ARIZONA ..................................................................................................................................... 0.0155290 22,424 22,424

ARKANSAS .................................................................................................................................. 0.0213661 30,853 30,853

CALIFORNIA ................................................................................................................................ 0.0524861 75,790 75,790

COLORADO ................................................................................................................................. 0.0100701 14,541 14,541

DELAWARE ................................................................................................................................. 0.0024043 3,472 3,472

MARYLAND ................................................................................................................................. 0.0104750 15,126 15,126

FLORIDA ...................................................................................................................................... 0.0308357 44,527 44,527

GEORGIA .................................................................................................................................... 0.0385293 55,636 55,636

HAWAII ........................................................................................................................................ 0.0083323 12,032 12,032

W. PACIFIC AREAS* .................................................................................................................. N/A 1,000 1,000

IDAHO .......................................................................................................................................... 0.0077774 11,231 11,231

ILLINOIS ...................................................................................................................................... 0.0256395 37,023 37,023

INDIANA ....................................................................................................................................... 0.0236023 34,082 34,082

IOWA ............................................................................................................................................ 0.0151422 21.865 21.865

KANSAS ....................................................................................................................................... 0.0123032 17,766 17,766

KENTUCKY .................................................................................................................................. 0.0286790 41,412 41,412

LOUISIANA .................................................................................................................................. 0.0256223 36,999 36,999

MAINE .......................................................................................................................................... 0.0113916 16,450 16,450

MASSACHUSETTS ..................................................................................................................... 0.0117468 16,962 16,962

CONNECTICUT ........................................................................................................................... 0.0065708 9,488 9,488

RHODE ISLAND .......................................................................................................................... 0.0017216 2,486 2,486

MICHIGAN ................................................................................................................................... 0.0337181 48,689 48,689

MINNESOTA ................................................................................................................................ 0.0184738 26,676 26,676

MISSISSIPPI ................................................................................................................................ 0.0259670 37,496 37,496

MISSOURI ................................................................................................................................... 0.0253687 36,632 36,632

MONTANA ................................................................................................................................... 0.0067138 9,695 9,695

NEBRASKA .................................................................................................................................. 0.0083216 12,016 12,016

NEVADA ...................................................................................................................................... 0.0029735 4,294 4,294

NEW JERSEY .............................................................................................................................. 0.0091825 13,260 13,260

NEW MEXICO ............................................................................................................................. 0.0117200 16,924 16,924

NEW YORK ................................................................................................................................. 0.0369739 53,390 53,390

NORTH CAROLINA ..................................................................................................................... 0.0471742 68,119 68,119

NORTH DAKOTA ........................................................................................................................ 0.0040847 5,898 5,898

OHIO ............................................................................................................................................ 0.0378081 54,595 54,595

OKLAHOMA ................................................................................................................................. 0.0175713 25,373 25,373

OREGON ..................................................................................................................................... 0.0166212 24,001 24,001

PENNSYLVANIA .......................................................................................................................... 0.0438367 63,300 63,300

PUERTO RICO ............................................................................................................................ 0.0250931 36,234 36,234

SOUTH CAROLINA ..................................................................................................................... 0.0249510 36,029 36,029

SOUTH DAKOTA ......................................................................................................................... 0.0065435 9,449 9,449

TENNESSEE ............................................................................................................................... 0.0276859 39,978 39,978

TEXAS ......................................................................................................................................... 0.0665018 96,029 96,029

UTAH ........................................................................................................................................... 0.0039861 5,756 5,756

VERMONT ................................................................................................................................... 0.0057475 8,299 8,299

NEW HAMPSHIRE ...................................................................................................................... 0.0075234 10,864 10,864

VIRGIN ISLANDS ........................................................................................................................ 0.0027236 3,933 3,933

VIRGINIA ..................................................................................................................................... 0.0278404 40,201 40,201

WASHINGTON ............................................................................................................................ 0.0200905 29,011 29,011

WEST VIRGINIA .......................................................................................................................... 0.0172518 24,912 24,912

WISCONSIN ................................................................................................................................ 0.0222867 32,182 32,182

WYOMING ................................................................................................................................... 0.0035006 5,055 5,055

STATE TOTALS ....................................................................................................................... 1,0000000 1,455,000 1,455,000

GENERAL RESERVE .............................................................................................................. ........................ ........................ 255,000

DESIGNATED RESERVES ..................................................................................................... ........................ ........................ 0

TOTAL ............................................................................................................................... ........................ ........................ 1,700,000

* Denotes Administrative Allocation.

SECTION 502 DIRECT RURAL HOUSING LOANS

States State basic

formula factor

State basic

formula/administrative allocationTotal FY 1996

allocation

ALABAMA .................................................................................................................................... 0.0267275 23,056 23,056

ALASKA ....................................................................................................................................... 0.0055160 4,758 4,758
Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices 63683

SECTION 502 DIRECT RURAL HOUSING LOANS—Continued

States State basic

formula factor

State basic

formula/administrative allocationTotal FY 1996

allocation

ARIZONA ..................................................................................................................................... 0.0145422 12,545 12,545

ARKANSAS .................................................................................................................................. 0.0208104 17,952 17,952

CALIFORNIA ................................................................................................................................ 0.0454819 39,234 39,234

COLORADO ................................................................................................................................. 0.0091766 7,916 7,916

DELAWARE ................................................................................................................................. 0.0024571 2,120 2,120

MARYLAND ................................................................................................................................. 0.0115334 9,949 9,949

FLORIDA ...................................................................................................................................... 0.0312406 26,949 26,949

GEORGIA .................................................................................................................................... 0.0374586 32,313 32,313

HAWAII ........................................................................................................................................ 0.0067195 5,796 5,796

W. PACIFIC AREAS* .................................................................................................................. N/A 3,610 3,610

IDAHO .......................................................................................................................................... 0.0076722 6,618 6,618

ILLINOIS ...................................................................................................................................... 0.0266774 23,013 23,013

INDIANA ....................................................................................................................................... 0.0270785 23,359 23,359

IOWA ............................................................................................................................................ 0.0163474 14,102 14,102

KANSAS ....................................................................................................................................... 0.0127369 10,987 10,987

KENTUCKY .................................................................................................................................. 0.0288838 24,916 24,916

LOUISIANA .................................................................................................................................. 0.0246715 21,283 21,283

MAINE .......................................................................................................................................... 0.0108314 9,344 9,344

MASSACHUSETTS ..................................................................................................................... 0.0109818 9,473 9,473

CONNECTICUT ........................................................................................................................... 0.0066693 5,753 5,753

RHODE ISLAND .......................................................................................................................... 0.0015545 1,341 1,341

MICHIGAN ................................................................................................................................... 0.0353525 30,496 30,496

MINNESOTA ................................................................................................................................ 0.0199077 17,173 17,173

MISSISSIPPI ................................................................................................................................ 0.0250226 21,585 21,585

MISSOURI ................................................................................................................................... 0.0252733 21,802 21,802

MONTANA ................................................................................................................................... 0.0063685 5,494 5,494

NEBRASKA .................................................................................................................................. 0.0086752 7,483 7,483

NEVADA ...................................................................................................................................... 0.0028583 2,466 2,466

NEW JERSEY .............................................................................................................................. 0.0097784 8,435 8,435

NEW MEXICO ............................................................................................................................. 0.0110320 9,517 9,517

NEW YORK ................................................................................................................................. 0.0359041 30,972 30,972

NORTH CAROLINA ..................................................................................................................... 0.0484405 41,786 41,786

NORTH DAKOTA ........................................................................................................................ 0.0045131 3,893 3,893

OHIO ............................................................................................................................................ 0.0390131 33,654 33,654

OKLAHOMA ................................................................................................................................. 0.0174005 15,010 15,010

OREGON ..................................................................................................................................... 0.0154949 13,366 13,366

PENNSYLVANIA .......................................................................................................................... 0.0467857 40,359 40,359

PUERTO RICO ............................................................................................................................ 0.0239695 20,677 20,677

SOUTH CAROLINA ..................................................................................................................... 0.0258249 22,277 22,277

SOUTH DAKOTA ......................................................................................................................... 0.0062682 5,407 5,407

TENNESSEE ............................................................................................................................... 0.0291846 25,176 25,176

TEXAS ......................................................................................................................................... 0.0660415 56,971 56,971

UTAH ........................................................................................................................................... 0.0040618 3,504 3,504

VERMONT ................................................................................................................................... 0.0052653 4,542 4,542

NEW HAMPSHIRE ...................................................................................................................... 0.0072711 6,272 6,272

VIRGIN ISLANDS ........................................................................................................................ 0.0020058 1,730 1,730

VIRGINIA ..................................................................................................................................... 0.0289841 25,003 25,003

WASHINGTON ............................................................................................................................ 0.0187042 16,135 16,135

WEST VIRGINIA .......................................................................................................................... 0.0175008 15,097 15,097

WISCONSIN ................................................................................................................................ 0.0237188 20,461 20,461

WYOMING ................................................................................................................................... 0.0036105 3,115 3,115

STATE TOTALS ................................................................................................................ 1.0000000 866,245 866,245

GENERAL RESERVE .............................................................................................................. ........................ ........................ 30,000

DESIGNATED RESERVES ..................................................................................................... ........................ ........................ 120,000

TOTAL ............................................................................................................................... ........................ ........................ 1,016,245

*Denotes Administrative Allocation.

SECTION 502 DIRECT RURAL HOUSING LOANS

States Total FY 1995

allocation

Very low-income allocation 40 percent

Low-income

allocation 60

percent

ALABAMA .................................................................................................................................... 23,056 9,223 13,833

ALASKA ....................................................................................................................................... 4,758 1,904 2,854
63684 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

SECTION 502 DIRECT RURAL HOUSING LOANS—Continued

States Total FY 1995

allocation

Very low-income allocation 40 percent

Low-income

allocation 60

percent

ARIZONA ..................................................................................................................................... 12,545 5,018 7,527

ARKANSAS .................................................................................................................................. 17,952 7,181 10,771

CALIFORNIA ................................................................................................................................ 39,234 15,694 23,540

COLORADO ................................................................................................................................. 7,916 3,167 4,749

DELAWARE ................................................................................................................................. 2,120 848 1,272

MARYLAND ................................................................................................................................. 9,949 3,980 5,969

FLORIDA ...................................................................................................................................... 26,949 10,780 16,169

GEORGIA .................................................................................................................................... 32,313 12,926 19,387

HAWAII ........................................................................................................................................ 5,796 2,319 3,477

W. PACIFIC AREAS .................................................................................................................... 3,610 1,444 2,166

IDAHO .......................................................................................................................................... 6,618 2,648 3,970

ILLINOIS ...................................................................................................................................... 23,013 9,206 13,807

INDIANA ....................................................................................................................................... 23,359 9,344 14,015

IOWA ............................................................................................................................................ 14,102 5,641 8,461

KANSAS ....................................................................................................................................... 10,987 4,395 6,592

KENTUCKY .................................................................................................................................. 24,916 9,967 14,949

LOUISIANA .................................................................................................................................. 21,283 8,514 12,769

MAINE .......................................................................................................................................... 9,344 3,738 5,606

MASSACHUSETTS ..................................................................................................................... 9,473 3,790 5,683

CONNECTICUT ........................................................................................................................... 5,753 2,302 3,451

RHODE ISLAND .......................................................................................................................... 1,341 537 804

MICHIGAN ................................................................................................................................... 30,496 12,199 18,297

MINNESOTA ................................................................................................................................ 17,173 6,870 10,303

MISSISSIPPI ................................................................................................................................ 21,585 8,634 12,951

MISSOURI ................................................................................................................................... 21,802 8,721 13,081

MONTANA ................................................................................................................................... 5,494 2,198 3,296

NEBRASKA .................................................................................................................................. 7,483 2,994 4,489

NEVADA ...................................................................................................................................... 2,466 987 1,479

NEW JERSEY .............................................................................................................................. 8,435 3,374 5,061

NEW MEXICO ............................................................................................................................. 9,517 3,807 5,710

NEW YORK ................................................................................................................................. 30,972 12,389 18,583

NORTH CAROLINA ..................................................................................................................... 41,786 16,715 25,071

NORTH DAKOTA ........................................................................................................................ 3,893 1,558 2,335

OHIO ............................................................................................................................................ 33,654 13,462 20,192

OKLAHOMA ................................................................................................................................. 15,010 6,004 9,006

OREGON ..................................................................................................................................... 13,366 5,347 8,019

PENNSYLVANIA .......................................................................................................................... 40,359 16,144 24,215

PUERTO RICO ............................................................................................................................ 20,677 8,271 12,406

SOUTH CAROLINA ..................................................................................................................... 22,277 8,911 13,366

SOUTH DAKOTA ......................................................................................................................... 5,407 2,163 3,244

TENNESEE .................................................................................................................................. 25,176 10,071 15,105

TEXAS ......................................................................................................................................... 56,971 22,767 34,204

UTAH ........................................................................................................................................... 3,504 1,402 2,102

VERMONT ................................................................................................................................... 4,542 1,817 2,725

NEW HAMPSHIRE ...................................................................................................................... 6,272 2,509 3,763

VIRGIN ISLANDS ........................................................................................................................ 1,730 692 1,038

VIRGINIA ..................................................................................................................................... 25,003 10,002 15,001

WASHINGTON ............................................................................................................................ 16,135 6,454 9,681

WEST VIRGINIA .......................................................................................................................... 15,097 6,039 9,058

WISCONSIN ................................................................................................................................ 20,461 8,185 12,276

WYOMING ................................................................................................................................... 3,115 1,246 1,869

STATE TOTALS ................................................................................................................ 866,245 346,498 519,747

GENERAL RESERVE .............................................................................................................. 30,000 12,000 18,000

DESIGNATED RESERVES ..................................................................................................... 120,000 48,000 72,000

TOTAL ............................................................................................................................... 1,016,245 406,498 609,747

SINGLE FAMILY HOUSING TARGETED FUNDS

States

Section 502

direct loans

base

allocation

Section 502

direct loans

formula

alloc

Section 502

direct loans

total

allocation

Section 504

repair loans

total

allocation

Section 504

repair

grants total

allocation

ALABAMA ................................................................................................ 300 695 995 25 20

ALASKA ................................................................................................... 300 143 443 25 20

ARIZONA ................................................................................................. 300 378 678 25 20
Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices 63685

SINGLE FAMILY HOUSING TARGETED FUNDS—Continued

States

Section 502

direct loans

base

allocation

Section 502

direct loans

formula

alloc

Section 502

direct loans

total

allocation

Section 504

repair loans

total

allocation

Section 504

repair

grants total

allocation

ARKANSAS .............................................................................................. 300 541 841 25 20

CALIFORNIA ............................................................................................ 300 1,183 1,483 25 20

COLORADO ............................................................................................. 300 239 539 25 20

DELAWARE ............................................................................................. 300 64 364 25 20

MARYLAND ............................................................................................. 300 300 600 25 20

FLORIDA .................................................................................................. 300 812 1,112 25 20

GEORGIA ................................................................................................. 300 974 1,274 25 20

HAWAII ..................................................................................................... 300 175 475 25 20

W. PACIFIC AREAS* .............................................................................. 300 93 393 25 20

IDAHO ...................................................................................................... 300 200 500 25 20

ILLINOIS ................................................................................................... 300 694 994 25 20

INDIANA ................................................................................................... 300 704 1,004 25 20

IOWA ........................................................................................................ 300 425 725 25 20

KANSAS ................................................................................................... 300 331 631 25 20

KENTUCKY .............................................................................................. 300 751 1,051 25 20

LOUISIANA .............................................................................................. 300 642 942 25 20

MAINE ...................................................................................................... 300 282 582 25 20

MASSACHUSETTS ................................................................................. 300 286 586 25 20

CONNECTICUT ....................................................................................... 300 173 473 25 20

RHODE ISLAND ...................................................................................... 300 40 340 25 20

MICHIGAN ............................................................................................... 300 919 1,219 25 20

MINNESOTA ............................................................................................ 300 518 818 25 20

MISSISSIPPI ............................................................................................ 300 651 951 25 20

MISSOURI ................................................................................................ 300 657 957 25 20

MONTANA ............................................................................................... 300 166 466 25 20

NEBRASKA .............................................................................................. 300 226 526 25 20

NEVADA ................................................................................................... 300 74 374 25 20

NEW JERSEY .......................................................................................... 300 254 554 25 20

NEW MEXICO .......................................................................................... 300 287 587 25 20

NEW YORK .............................................................................................. 300 934 1,234 25 20

NORTH CAROLINA ................................................................................. 300 1,260 1,560 25 20

NORTH DAKOTA ..................................................................................... 300 117 417 25 20

OHIO ........................................................................................................ 300 1,015 1,315 25 20

OKLAHOMA ............................................................................................. 300 453 753 25 20

OREGON ................................................................................................. 300 403 703 25 20

PENNSYLVANIA ...................................................................................... 300 1,217 1,517 25 20

PUERTO RICO ........................................................................................ 300 623 923 25 20

SOUTH CAROLINA ................................................................................. 300 672 972 25 20

SOUTH DAKOTA ..................................................................................... 300 163 463 25 20

TENNESSEE ............................................................................................ 300 759 1,059 25 20

TEXAS ...................................................................................................... 300 1,717 2,017 25 20

UTAH ........................................................................................................ 300 106 406 25 20

VERMONT ............................................................................................... 300 137 437 25 20

NEW HAMPSHIRE .................................................................................. 300 189 489 25 20

VIRGIN ISLANDS .................................................................................... 300 52 352 25 20

VIRGINIA .................................................................................................. 300 754 1,054 25 20

WASHINGTON ......................................................................................... 300 486 786 25 20

WEST VIRGINIA ...................................................................................... 300 455 755 25 20

WISCONSIN ............................................................................................. 300 617 917 25 20

WYOMING ............................................................................................... 300 94 394 25 20

TOTAL ALLOCATED ............................................................................ 15,900 26,100 42,000 1,325 1,060

N.O. RESERVES .................................................................................. .................... .................... 4,000 575 185

TOTALS ......................................................................................... .................... .................... 46,000 1,900 1,245

* Denotes Administrative Allocation.

SECTION 504 RURAL HOUSING LOANS

States State basic

formula factor

State Basic

formula/administrative allocationTotal FY 1996

allocation

ALABAMA .................................................................................................................................... 0.0291457 866 866

ALASKA ....................................................................................................................................... 0.0080402 239 239

ARIZONA ..................................................................................................................................... 0.0201005 597 597

ARKANSAS .................................................................................................................................. 0.0226131 672 672

CALIFORNIA ................................................................................................................................ 0.0532663 1,582 1,582
63686 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

SECTION 504 RURAL HOUSING LOANS—Continued

States State basic

formula factor

State Basic

formula/administrative allocationTotal FY 1996

allocation

COLORADO ................................................................................................................................. 0.0085427 254 254

DELAWARE ................................................................................................................................. 0.0020101 60 60

MARYLAND ................................................................................................................................. 0.0095477 284 284

FLORIDA ...................................................................................................................................... 0.0296482 880 880

GEORGIA .................................................................................................................................... 0.0396985 1,179 1,179

HAWAII ........................................................................................................................................ 0.0100503 298 298

W. PACIFIC AREAS* .................................................................................................................. N/A 2,400 2,400

IDAHO .......................................................................................................................................... 0.0075377 224 224

ILLINOIS ...................................................................................................................................... 0.0226131 672 672

INDIANA ....................................................................................................................................... 0.0221106 657 657

IOWA ............................................................................................................................................ 0.0130653 388 388

KANSAS ....................................................................................................................................... 0.0115578 343 343

KENTUCKY .................................................................................................................................. 0.0321608 955 955

LOUISIANA .................................................................................................................................. 0.0296482 880 880

MAINE .......................................................................................................................................... 0.0100503 298 298

MASSACHUSETTS ..................................................................................................................... 0.0080402 239 239

CONNECTICUT ........................................................................................................................... 0.0040201 119 119

RHODE ISLAND .......................................................................................................................... 0.0010050 30 30

MICHIGAN ................................................................................................................................... 0.0291457 866 866

MINNESOTA ................................................................................................................................ 0.0175879 522 522

MISSISSIPPI ................................................................................................................................ 0.0301508 895 895

MISSOURI ................................................................................................................................... 0.0241206 716 716

MONTANA ................................................................................................................................... 0.0060302 179 179

NEBRASKA .................................................................................................................................. 0.0070352 209 209

NEVADA ...................................................................................................................................... 0.0030151 90 90

NEW JERSEY .............................................................................................................................. 0.0070352 209 209

NEW MEXICO ............................................................................................................................. 0.0150754 448 448

NEW YORK ................................................................................................................................. 0.0286432 851 851

NORTH CAROLINA ..................................................................................................................... 0.0477387 1,418 1,418

NORTH DAKOTA ........................................................................................................................ 0.0040201 119 119

OHIO ............................................................................................................................................ 0.0331658 985 985

OKLAHOMA ................................................................................................................................. 0.0175879 522 522

OREGON ..................................................................................................................................... 0.0150754 448 448

PENNSYLVANIA .......................................................................................................................... 0.0371859 1,104 1,104

PUERTO RICO ............................................................................................................................ 0.0341709 1,015 1,015

SOUTH CAROLINA ..................................................................................................................... 0.0281407 836 836

SOUTH DAKOTA ......................................................................................................................... 0.0060302 179 179

TENNESSEE ............................................................................................................................... 0.0296482 880 880

TEXAS ......................................................................................................................................... 0.0783920 2,329 2,329

UTAH ........................................................................................................................................... 0.0040201 119 119

VERMONT ................................................................................................................................... 0.0045226 134 134

NEW HAMPSHIRE ...................................................................................................................... 0.0055276 164 164

VIRGIN ISLANDS ........................................................................................................................ 0.0030151 90 90

VIRGINIA ..................................................................................................................................... 0.0296482 880 880

WASHINGTON ............................................................................................................................ 0.0185930 552 552

WEST VIRGINIA .......................................................................................................................... 0.0180905 537 537

WISCONSIN ................................................................................................................................ 0.0195980 582 582

WYOMING ................................................................................................................................... 0.0035176 104 104

STATE TOTALS ................................................................................................................ 1.0000000 32,098 32,098

GENERAL RESERVE ....................................................................................................... ........................ ........................ 3,800

DESIGNATED RESERVES .............................................................................................. ........................ ........................ 1,900

TOTAL ............................................................................................................................... ........................ ........................ 37,798

* Denotes Administrative Allocation.

SECTION 504 RURAL HOUSING GRANTS

States State basic

formula factor

State basic

formula/administrative allocationTotal FY 1996

allocation

ALABAMA .................................................................................................................................... 0.0281124 579 579

ALASKA ....................................................................................................................................... 0.0056894 117 117

ARIZONA ..................................................................................................................................... 0.0170683 352 352

ARKANSAS .................................................................................................................................. 0.0224230 462 462

CALIFORNIA ................................................................................................................................ 0.0481928 993 993
Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices 63687

SECTION 504 RURAL HOUSING GRANTS—Continued

States State basic

formula factor

State basic

formula/administrative allocationTotal FY 1996

allocation

COLORADO ................................................................................................................................. 0.0083668 172 172

DELAWARE ................................................................................................................................. 0.0023427 48 48

MARYLAND ................................................................................................................................. 0.0100402 207 207

FLORIDA ...................................................................................................................................... 0.0341365 703 703

GEORGIA .................................................................................................................................... 0.0368139 759 759

HAWAII ........................................................................................................................................ 0.0076975 159 159

W. PACIFIC AREAS* ................................................................................................................... N/A 560 560

IDAHO .......................................................................................................................................... 0.0073628 152 152

ILLINOIS ...................................................................................................................................... 0.0264391 545 545

INDIANA ....................................................................................................................................... 0.0244311 503 503

IOWA ............................................................................................................................................ 0.0163989 338 338

KANSAS ....................................................................................................................................... 0.0133869 276 276

KENTUCKY .................................................................................................................................. 0.0297858 614 614

LOUISIANA .................................................................................................................................. 0.0261044 538 538

MAINE .......................................................................................................................................... 0.0103748 214 214

MASSACHUSETTS ..................................................................................................................... 0.0097055 200 200

CONNECTICUT ........................................................................................................................... 0.0053548 110 110

RHODE ISLAND .......................................................................................................................... 0.0013387 28 28

MICHIGAN ................................................................................................................................... 0.0317938 655 655

MINNESOTA ................................................................................................................................ 0.0197456 407 407

MISSISSIPPI ................................................................................................................................ 0.0271084 559 559

MISSOURI ................................................................................................................................... 0.0257697 531 531

MONTANA ................................................................................................................................... 0.0060241 124 124

NEBRASKA .................................................................................................................................. 0.0087015 179 179

NEVADA ...................................................................................................................................... 0.0026774 55 55

NEW JERSEY .............................................................................................................................. 0.0083668 172 172

NEW MEXICO ............................................................................................................................. 0.0123829 255 255

NEW YORK ................................................................................................................................. 0.0324632 669 669

NORTH CAROLINA ..................................................................................................................... 0.0471888 972 972

NORTH DAKOTA ........................................................................................................................ 0.0046854 97 97

OHIO ............................................................................................................................................ 0.0361446 745 745

OKLAHOMA ................................................................................................................................. 0.0184070 379 379

OREGON ..................................................................................................................................... 0.0157296 324 324

PENNSYLVANIA .......................................................................................................................... 0.0438420 903 903

PUERTO RICO ............................................................................................................................ 0.0264391 545 545

SOUTH CAROLINA ..................................................................................................................... 0.0261044 538 538

SOUTH DAKOTA ......................................................................................................................... 0.0063588 131 131

TENNESSEE ............................................................................................................................... 0.0294511 607 607

TEXAS ......................................................................................................................................... 0.0716198 1,476 1,476

UTAH ........................................................................................................................................... 0.0036814 76 76

VERMONT ................................................................................................................................... 0.0046854 97 97

NEW HAMPSHIRE ...................................................................................................................... 0.0060241 124 124

VIRGIN ISLANDS ........................................................................................................................ 0.0023427 48 48

VIRGINIA ..................................................................................................................................... 0.0284471 586 586

WASHINGTON ............................................................................................................................ 0.0184070 379 379

WEST VIRGINIA .......................................................................................................................... 0.0180723 372 372

WISCONSIN ................................................................................................................................ 0.0224230 462 462

WYOMING ................................................................................................................................... 0.0033467 69 69

STATE TOTALS ................................................................................................................ 1.000000 21,165 21,165

GENERAL RESERVE .............................................................................................................. ........................ ........................ 2,490

DESIGNATED RESERVES ..................................................................................................... ........................ ........................ 1,245

TOTAL ............................................................................................................................... ........................ ........................ 24,900

* Denotes Administrative Allocation.

SECTION 525/509 HOUSING APPLICATION PACKAGING GRANT FUNDS

States

Number of

counties eligible

State basic

formula factor

State allocation

Number of

packaging

grants per

allocation

ALABAMA .................................................................................................................... 13 0.0431894 164 328

ALASKA ....................................................................................................................... 5 0.0166113 63 126

ARIZONA ..................................................................................................................... 8 0.0265781 101 202

ARKANSAS .................................................................................................................. 5 0.0166113 63 126

CALIFORNIA ................................................................................................................ 3 0.0099668 38 76
63688 Federal Register / Vol. 60, No. 238 / Tuesday, December 12, 1995 / Notices

SECTION 525/509 HOUSING APPLICATION PACKAGING GRANT FUNDS—Continued

States

Number of

counties eligible

State basic

formula factor

State allocation

Number of

packaging

grants per

allocation

COLORADO ................................................................................................................. 1 0.0033223 13 25

FLORIDA ...................................................................................................................... 2 0.0066445 25 50

GEORGIA ..................................................................................................................... 22 0.0730897 278 555

IDAHO .......................................................................................................................... 1 0.0033223 13 25

KENTUCKY .................................................................................................................. 25 0.0830565 316 631

LOUISIANA .................................................................................................................. 10 0.0332226 126 252

MISSISSIPPI ................................................................................................................ 27 0.0897010 341 682

MONTANA ................................................................................................................... 2 0.0066445 25 50

NEW MEXICO .............................................................................................................. 11 0.0365449 139 278

NORTH CAROLINA ..................................................................................................... 4 0.0132890 50 101

NORTH DAKOTA ......................................................................................................... 3 0.0099668 38 76

OHIO ............................................................................................................................ 1 0.0033223 13 25

SOUTH CAROLINA ..................................................................................................... 6 0.0199336 76 151

SOUTH DAKOTA ......................................................................................................... 9 0.0299003 114 227

TENNESSEE ................................................................................................................ 2 0.0066445 25 50

TEXAS .......................................................................................................................... 45 0.1495017 568 1,136

UTAH ............................................................................................................................ 1 0.0033223 13 25

VIRGINIA ...................................................................................................................... 4 0.0132890 50 101

WASHINGTON ............................................................................................................. 2 0.0066445 25 50

WEST VIRGINIA .......................................................................................................... 4 0.0132890 50 101

WISCONSIN ................................................................................................................. 1 0.0033223 13 25

PUERTO RICO ............................................................................................................ 77 0.2558140 972 1,944

VIRGIN ISLANDS ........................................................................................................ 2 0.0066445 25 50

WEST PAC TERR ....................................................................................................... 5 0.0166113 63 126

TOTAL COUNTIES ........................................................................................... 301 1.0000000 3,800 7,600

TOTAL RESERVE ............................................................................................. .................... ........................ 1,391 ....................

NATIONAL TOTAL ............................................................................................ .................... ........................ 5,191 ....................

AA reserve of $1,000,000 for section 514/516, 515, 524 and 533 will be held in the national office, available on a first-come-first-served basis.

Additional reserve of $391,000 is available for all programs.

[FR Doc. 95–30135 Filed 12–11–95; 8:45 am]

BILLING CODE 3410–07–U

Rural Utilities Service

Municipal Interest Rates for the First

Quarter of 1996

AGENCY: Rural Utilities Service, USDA.

ACTION: Notice of municipal interest

rates on advances from insured electric

loans for the first quarter of 1996.

SUMMARY: The Rural Utilities Service

hereby announces the interest rates for

advances on municipal rate loans with

interest rate terms beginning during the

first calendar quarter of 1996.

DATES: These interest rates are effective

for interest rate terms that commence

during the period beginning January 1,

1996, and ending March 31, 1996.

FOR FURTHER INFORMATION CONTACT: Sue

Arnold, Financial Analyst, U.S.

Department of Agriculture, Rural

Utilities Service, room 2230–s, 14th

Street & Independence Avenue, SW.

AgBox 1522, Washington, DC 20250–

1500. Telephone: 202–720–0736. FAX:

202–720–4120.

SUPPLEMENTARY INFORMATION: The Rural

Utilities Service (RUS) hereby

announces the interest rates on

advances made during the first calendar

quarter of 1996 for municipal rate

electric loans. Pursuant to regulations

originally published by the Rural

Electrification Administration (REA) at

7 CFR 1714.5, the interest rates on

advances from municipal rate loans are

based on indexes published in the

‘‘Bond Buyer’’ for the four weeks prior

to the first Friday of the last month

before the beginning of the quarter.

The Federal Crop Insurance Reform

and Department of Agriculture

Reorganization Act of 1994 (Pub.L. 103–

354, 101 Stat. 3178), signed by President

Clinton on October 13, 1994, provides

for the establishment of RUS as

successor to REA with respect to various

programs, including the electric loan

program established by the Rural

Electrification Act of 1936 (7 U.S.C. 901

et seq.). On October 20, 1994, the

Secretary of Agriculture issued

Secretary’s Memorandum 1010–1,

establishing RUS and abolishing REA.

Therefore, RUS is publishing this notice

implementing a rule originally

published by REA.

In accordance with 7 CFR 1714.5, the

interest rates are established as shown

in the following table for all interest rate

terms that begin at any time during the

first calendar quarter of 1996.

Interest rate term ends in (year)

RUS rate

(0.000

percent)

2016 or later ................................. 5.500

2015 .............................................. 5.500

2014 .............................................. 5.500

2013 .............................................. 5.375

2012 .............................................. 5.375

2011 .............................................. 5.375

2010 .............................................. 5.375

2009 .............................................. 5.250

2008 .............................................. 5.125

2007 .............................................. 5.000

2006 .............................................. 5.000

2005 .............................................. 4.875

2004 .............................................. 4.750

2003 .............................................. 4.625

2002 .............................................. 4.500

2001 .............................................. 4.375

2000 .............................................. 4.375

1999 .............................................. 4.250

1998 .............................................. 4.125

1997 .............................................. 4.000