Federal Register / Vol. 60, No. 26 / Wednesday, February 8, 1995 / Notices 7575

Total Estimated Burden Hours: 86,739

Status: Extension with changes

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

708–3287; Joseph F. Lackey Jr., OMB

(202) 395–7316.

Date: January 26, 1995.

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

BILLING CODE 4210–01–M

Office of the Assistant Secretary for

Housing-Federal Housing

Commissioner

[Docket No. N–95–3879; FR–3872–N–01]

Mortgage and Loan Insurance

Programs Under the National Housing

Act—Debenture Interest Rates

AGENCY: Office of the Assistant

Secretary for Housing-Federal Housing

Commissioner, (HUD).

ACTION: Notice of change in debenture

interest rates.

SUMMARY: This notice announces

changes in the interest rates to be paid

on debentures issued with respect to a

loan or mortgage insured by the Federal

Housing Commissioner under the

provisions of the National Housing Act

(the ‘‘Act’’). The interest rate for

debentures issued under Section

221(g)(4) of the Act during the sixmonth period beginning January 1,

1995, is 8 percent. The interest rate for

debentures issued under any other

provision of the Act is the rate in effect

on the date that the commitment to

insure the loan or mortgage was issued,

or the date that the loan or mortgage was

endorsed (or initially endorsed if there

are two or more endorsements) for

insurance, whichever rate is higher. The

interest rate for debentures issued under

these other provisions with respect to a

loan or mortgage committed or endorsed

during the six-month period beginning

January 1, 1995, is 83⁄8 percent.

FOR FURTHER INFORMATION CONTACT:

James B. Mitchell, Financial Services

Division, Department of Housing and

Urban Development, 470 L’Enfant Plaza

East, Room 3119, Washington, D.C.

20024. Telephone (202) 755–7450 ext.

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

not toll-free numbers.

SUPPLEMENTARY INFORMATION: Section

224 of the National Housing Act (24

U.S.C. 1715o) provides that debentures

issued under the Act with respect to an

insured loan or mortgage (except for

debentures issued pursuant to Section

221(g)(4) of the Act) will bear interest at

the rate in effect on the date the

commitment to insure the loan or

mortgage was issued, or the date the

loan or mortgage was endorsed (or

initially endorsed if there are two or

more endorsements) for insurance,

whichever rate is higher. This provision

is implemented in HUD’s regulations at

24 CFR 203.405, 203.479, 207.259(e)(6),

and 220.830. Each of these regulatory

provisions states that the applicable

rates of interest will be published twice

each year as a notice in the Federal

Register.

Section 224 further provides that the

interest rate on these debentures will be

set from time to time by the Secretary

of HUD, with the approval of the

Secretary of the Treasury, in an amount

not in excess of the annual interest rate

determined by the Secretary of the

Treasury pursuant to a statutory formula

based on the average yield of all

outstanding marketable Treasury

obligations of maturities of 15 or more

years.

The Secretary of the Treasury (1) has

determined, in accordance with the

provisions of Section 224, that the

statutory maximum interest rate for the

period beginning January 1, 1995, is 83⁄8

percent and (2) has approved the

establishment of the debenture interest

rate by the Secretary of HUD at 83⁄8

percent for the six-month period

beginning January 1, 1995. This interest

rate will be the rate borne by debentures

issued with respect to any insured loan

or mortgage (except for debentures

issued pursuant to Section 221(g)(4))

with an insurance commitment or

endorsement date (as applicable) within

the first six months of 1995.

For convenience of reference, HUD is

publishing the following chart of

debenture interest rates applicable to

mortgages committed or endorsed since

January 1, 1980:

Effective interest rate On or after Prior to

91⁄2 ............. Jan. 1, 1980 .. July 1, 1980.

97⁄8 ............. July 1, 1980 .. Jan. 1, 1981.

113⁄4 ........... Jan. 1, 1981 .. July 1, 1981.

127⁄8 ........... July 1, 1981 .. Jan. 1, 1982.

123⁄4 ........... Jan. 1, 1982 .. Jan. 1, 1983.

101⁄4 ........... Jan. 1, 1983 .. July 1, 1983.

103⁄8 ........... July 1, 1983 .. Jan. 1, 1984.

111⁄2 ........... Jan. 1, 1984 .. July 1, 1984.

133⁄8 ........... July 1, 1984 .. Jan. 1, 1985.

115⁄8 ........... Jan. 1, 1985 .. July 1, 1985.

111⁄8 ........... July 1, 1985 .. Jan. 1, 1986.

101⁄4 ........... Jan. 1, 1986 .. July 1, 1986.

81⁄4 ............. July 1, 1986 .. Jan. 1, 1987.

8 ................ Jan. 1, 1987 .. July 1, 1987.

9 ................ July 1, 1987 .. Jan. 1, 1988.

91⁄8 ............. Jan. 1, 1988 .. July 1, 1988.

93⁄8 ............. July 1, 1988 .. Jan. 1, 1989.

91⁄4 ............. Jan. 1, 1989 .. July 1, 1989.

9 ................ July 1, 1989 .. Jan. 1, 1990.

81⁄8 ............. Jan. 1, 1990 .. July 1, 1990.

9 ................ July 1, 1990 .. Jan. 1, 1991.

83⁄4 ............. Jan. 1, 1991 .. July 1, 1991.

Effective interest rate On or after Prior to

81⁄2 ............. July 1, 1991 .. Jan. 1, 1992.

8 ................ Jan. 1, 1992 .. July 1, 1992.

8 ................ July 1, 1992 .. Jan. 1, 1993.

73⁄4 ............. Jan. 1, 1993 .. July 1, 1993.

7 ................ July 1, 1993 .. Jan. 1, 1994.

65⁄8 ............. Jan. 1, 1994 .. July 1, 1994.

73⁄4 ............. July 1, 1994 .. Jan. 1, 1995.

83⁄8 ............. Jan. 1, 1995.

Section 221(g)(4) of the Act provides

that debentures issued pursuant to that

paragraph (with respect to the

assignment of an insured mortgage to

the Secretary) will bear interest at the

‘‘going Federal rate’’ of interest in effect

at the time the debentures are issued.

The term ‘‘going Federal rate’’ is defined

to mean the interest rate that the

Secretary of the Treasury determines,

pursuant to a statutory formula based on

the average yield on all outstanding

marketable Treasury obligations of

eight- to twelve-year maturities, for the

six-month periods of January through

June and July through December of each

year. Section 221(g)(4) is implemented

in the HUD regulations at 24 CFR

221.790.

The Secretary of the Treasury has

determined that the interest rate to be

borne by debentures issued pursuant to

Section 221(g)(4) during the six-month

period beginning January 1, 1995, is 8

percent.

HUD expects to publish its next

notice of change in debenture interest

rates in July 1995.

The subject matter of this notice falls

within the categorical exclusion from

HUD’s environmental clearance

procedures set forth in 24 CFR 50.20(l).

For that reason, no environmental

finding has been prepared for this

notice.

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

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

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

Dated: February 1, 1995.

Nicolas P. Retsinas,

Assistant Secretary for Housing-Federal

Housing Commissioner.

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

BILLING CODE 4210–27–P

DEPARTMENT OF THE INTERIOR

Bureau of Land Management

[W0220–1020–00–241A]

Information Collection Submitted to

the Office of Management and Budget

for Review Under Paperwork

Reduction Act

The proposal for the collection of

information listed below has been
7576 Federal Register / Vol. 60, No. 26 / Wednesday, February 8, 1995 / Notices

submitted to the Office of Management

and Budget for approval under the

provisions of the Paperwork Reduction

Act (44 U.S.C. Chapter 35). Copies of the

proposed collection of information and

related forms may be obtained by

contacting the Bureau’s clearance officer

at the phone number listed below.

Comments and suggestions on the

proposal should be made directly to the

Bureau’s Clearance Officer and to the

Office of Management and Budget,

Paperwork Reduction Project (1004–

0051), Washington, D.C. 20503,

telephone (202) 395–7340.

Title: Actual Grazing Use Report.

OMB Approval Number: 1004–0051.

Abstract: This form is used by

permittees to provide information on

the actual amount of livestock grazing

use made on the public lands within

a specified time to the Bureau of Land

Management for billing purposes and

program monitoring.

Bureau Form Number: 4130–5.

Frequency: Annually.

Description of Respondents: Grazing

permittees required to report actual

livestock use on the public lands.

Estimated completion time: 24 minutes.

Annual Responses: 15,000.

Annual Burden Hours: 6,000.

BLM Clearance Officer (Alternate): Mae

C. Bowman (202) 452–5011.

Dated: October 25, 1994.

Ray A. Brady,

Acting Assistant Director, Land and

Renewable Resources.

[FR Doc. 95–3030 Filed 2–7–95; 8:45 am]

BILLING CODE 4310–84–M

[WO220–1020–00–241A]

Information Collection Submitted to

the Office of Management and Budget

for Review Under the Paperwork

Reduction Act

The proposal for the collection of

information listed below has been

submitted to the Office of Management

and Budget for approval under the

provisions of the Paperwork Reduction

Act (44 U.S.C. Chapter 35). Copies of the

proposed collection of information and

related forms may be obtained by

contacting the Bureau’s clearance officer

at the phone number listed below.

Comments and suggestions on the

requirement should be made directly to

the Bureau’s Clearance Officer and to

the Office of Management and Budget,

Paperwork Reduction Project (1004–

0068), Washington, DC 20503,

telephone (202) 395–7340.

Title: Cooperative Agreement for Range

Improvements.

Abstract: Respondents supply

information to obtain authority to

construct and/or maintain range

improvements on the public lands in

cooperation with Bureau programs.

Bureau Form Number: 4120–6.

Frequency: Occasionally.

Description of Respondents: Permittees

or lessees authorized to graze

livestock on public lands.

Estimated Completion Time: 10

minutes.

Annual Responses: 600.

Annual Burden Hours: 102.

Bureau Clearance Officer (alternate):

Mae C. Bowman (202) 452–5011.

Dated: October 26, 1994.

Ray A. Brady,

Acting Assistant Director, Land and

Renewable Resources.

[FR Doc. 95–3029 Filed 2–7–95; 8:45 am]

BILLING CODE 4310–84–M

[ES–930–05–1320–020241A]

Amendment to the List of Affected

States Under Federal Coalbed Methane

Recovery Regulations

AGENCY: Bureau of Land Management,

Interior.

ACTION: Removal of Ohio from the List

of Affected States.

SUMMARY: The Energy Policy Act of 1992

(the Act) (Pub. L. 102–486) requires that

the Secretary of the Interior (Secretary)

administer a Federal program to regulate

coalbed methane development in States

where coalbed methane development

has been impeded by disputes or

uncertainty over ownership of coalbed

methane gas. As required by the Act, the

Department of the Interior, with the

participation of the Department of

Energy, developed a List of Affected

States to which this program would

apply (58 FR 21589, April 22, 1993).

The List of Affected States is currently

comprised of the States of Illinois,

Indiana, Kentucky, Ohio, Pennsylvania,

and Tennessee.

The Governor of Ohio, Honorable

George V. Voinovich, has petitioned the

Secretary of the Interior for removal

from the List of Affected States. The

Governor’s petition states that, on May

17, 1994, he notified both Houses of the

Ohio General Assembly of his intention

to petition for deletion from the List of

Affected States. During that time period

each House of the Ohio General

Assembly adopted a resolution

authorizing the Governor to petition for

deletion from the List of Affected States.

Section 1339 of the Act provides three

mechanisms by which a state may be

removed from the List of Affected

States:

1. A State may pass a law or resolution

requesting removal;

2. The governor of a state may petition

for removal, but only after giving the

legislature six months notice, during

a legislative session, of his intention

to submit the petition; or

3. The state legislature implements a

law or regulation permitting and

encouraging the development of

coalbed methane.

Since the State of Ohio has met two

of the conditions for removal from the

List of Affected States by passing a

resolution requesting removal and by

petitioning for removal after notification

to the legislature by the Governor, the

State of Ohio is officially removed from

the List of Affected States.

FOR FURTHER INFORMATION CONTACT:

David R. Stewart, Chief, Branch of

Resources Planning and Protection,

Bureau of Land Management, Eastern

States, 7450 Boston Boulevard,

Springfield, Virginia 22153 or telephone

(703) 440–1728; or Charles W. Byrer,

U.S. Department of Energy, 3610 Collins

Ferry Road, Morgantown, West Virginia

26507, or telephone (304) 291–4547.

Dated: February 2, 1995.

Carson W. Culp, Jr.,

State Director.

[FR Doc. 95–3081 Filed 2–7–95; 8:45 am]

BILLING CODE 4310–GJ–M

Bureau of Reclamation

Gila River Indian Community

Agricultural Development Master Plan,

Maricopa and Pinal Counties, Arizona

AGENCY: Bureau of Reclamation,

Interior.

ACTION: Notice of intent and meeting.

SUMMARY: Pursuant to the National

Environmental Policy Act (NEPA) of

1969, as amended, the Bureau of

Reclamation (Reclamation) plans to

prepare a draft programmatic

environmental impact statement (PEIS)

on the proposed implementation of an

agricultural development master plan by

the Gila River Indian Community

(GRIC), located in Maricopa and Pinal

Counties, Arizona. The Bureau of Indian

Affairs (BIA) and GRIC are cooperating

agencies on the PEIS.

Reclamation will hold public

meetings to provide an opportunity for

public input from affected and/or

interested agencies, tribes and the

general public.

Dates: Two public meetings will be held on

March 2, 1995:

• 1 p.m., Ahwatukee, Arizona.

• 7 p.m., Coolidge, Arizona.

Locations: