Federal Register / Vol. 73, No. 172 / Thursday, September 4, 2008 / Rules and Regulations 51591 

(b) Funds not obligated will be 

allocated, by a date as determined by 

the Secretary, pro rata to the remaining 

States who applied during the specified 

grant application period to be solely 

expended on projects previously 

approved in their State plan. 

§ 1291.10 Reporting and oversight 

requirements. 

(a) An annual performance report will 

be required of all State departments’ of 

agriculture within 90 days after the 

completion of the first year of the 

project(s), until the expiration date of 

the grant agreement. If the grant period 

is one year or less, then only a final 

performance report is required (See 

paragraph (b) of this section). The 

annual performance report shall include 

the following: 

(1) Activities Performed. Briefly 

summarize activities performed, targets, 

and/or performance goals achieved 

during the reporting period to meet 

measurable outcomes for each project. 

(2) Problems and Delays. Note 

unexpected delays or impediments for 

each project. 

(3) Future Project Plans. Outline work 

to be performed during the next 

reporting period for each project. 

(4) Funding Expended To Date. 

Comment on the level of grant funds 

expended to date for each project. 

(b) A final performance report will be 

required of all State departments of 

agriculture within 90 days following the 

expiration date of the grant period. The 

final progress report shall include the 

following: 

(1) Project Summary. An outline of 

the issue, problem, interest, or need for 

each project. 

(2) Project Approach. How the issue 

or problem was approached via each 

project. 

(3) Goals and Outcomes Achieved. 

How the performance goals and 

measurable outcomes were achieved for 

each project(s). If outcome measures 

were long term, summarize the progress 

that has been made towards 

achievement. 

(4) Beneficiaries. Description and 

quantitative data for the number of 

people or operations that have benefited 

from the project’s accomplishments, 

and/or the potential economic impact of 

each project. 

(5) Lessons Learned. Lessons learned, 

results, conclusions, for each project. If 

outcome measures were not achieved, 

identify and share the lessons learned to 

help expedite problem-solving. 

(6) Contact Person. List the contact 

person for each project with telephone 

number and email address. 

(7) Additional Information. Include 

other relevant project information 

available (e.g. publications, Web sites, 

photographs). 

(c) A final SF–269A ‘‘Financial Status 

Report (Short Form)’’ or SF–269 

‘‘Financial Status Report (Long Form)’’

if the project(s) had program income, is 

required within 90 days following the 

expiration date of the grant period. 

(d) AMS will monitor States, as it 

determines necessary, to assure that 

projects are completed in accordance 

with the approved State plan. If AMS, 

after reasonable notice to a State, and 

opportunity to be heard, finds that there 

has been a failure by the State to comply 

substantially with any provision or 

requirement of the State plan, AMS may 

disqualify, for one or more years, the 

State from receipt of future grants under 

the SCBGP. 

(e) States shall diligently monitor 

performance to ensure that time 

schedules are being met, project work 

within designated time periods is being 

accomplished, and other performance 

measures are being achieved. 

§ 1291.11 Audit requirements. 

Each year that a State receives a grant 

under the SCBGP–FB, the State is 

required to conduct an audit of the 

expenditures of SCBGP–FB funds. If the 

Single Audit Act applies to an eligible 

grantee, the State shall submit the 

annual audit results to AMS within 30 

days after completion of the audit. If the 

Single Audit Act does not apply, the 

State shall conduct an audit of all 

SCBGP–FB funds no later than 60 days 

after the end date of the grant 

agreement. The State shall submit to 

AMS not later than 30 days after 

completion of the audit, a copy of the 

audit results. 

Dated: August 28, 2008. 

Lloyd C. Day, 

Administrator, Agricultural Marketing 

Service. 

[FR Doc. E8–20486 Filed 9–3–08; 8:45 am] 

BILLING CODE 3410–02–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 95 

[Docket No. 30626; Amdt. No. 476] 

IFR Altitudes; Miscellaneous 

Amendments 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: This amendment adopts 

miscellaneous amendments to the 

required IFR (instrument flight rules) 

altitudes and changeover points for 

certain Federal airways, jet routes, or 

direct routes for which a minimum or 

maximum en route authorized IFR 

altitude is prescribed. This regulatory 

action is needed because of changes 

occurring in the National Airspace 

System. These changes are designed to 

provide for the safe and efficient use of 

the navigable airspace under instrument 

conditions in the affected areas. 

DATES: Effective Date: 0901 UTC, 

September 25, 2008. 

FOR FURTHER INFORMATION CONTACT: 

Donald P. Pate, Flight Procedure 

Standards Branch (AMCAFS–420), 

Flight Technologies and Programs 

Division, Flight Standards Service, 

Federal Aviation Administration, Mike 

Monroney Aeronautical Center, 6500 

South MacArthur Blvd. Oklahoma City, 

OK. 73169 (Mail Address: P.O. Box 

25082 Oklahoma City, OK. 73125) 

telephone: (405) 954–4164. 

SUPPLEMENTARY INFORMATION: This 

amendment to part 95 of the Federal 

Aviation Regulations (14 CFR part 95) 

amends, suspends, or revokes IFR 

altitudes governing the operation of all 

aircraft in flight over a specified route 

or any portion of that route, as well as 

the changeover points (COPs) for 

Federal airways, jet routes, or direct 

routes as prescribed in part 95. 

The Rule 

The specified IFR altitudes, when 

used in conjunction with the prescribed 

changeover points for those routes, 

ensure navigation aid coverage that is 

adequate for safe flight operations and 

free of frequency interference. The 

reasons and circumstances that create 

the need for this amendment involve 

matters of flight safety and operational 

efficiency in the National Airspace 

System, are related to published 

aeronautical charts that are essential to 

the user, and provide for the safe and 

efficient use of the navigable airspace. 

In addition, those various reasons or 

circumstances require making this 

amendment effective before the next 

scheduled charting and publication date 

of the flight information to assure its 

timely availability to the user. The 

effective date of this amendment reflects 

those considerations. In view of the 

close and immediate relationship 

between these regulatory changes and 

safety in air commerce, I find that notice 

and public procedure before adopting 

this amendment are impracticable and 

contrary to the public interest and that 

good cause exists for making the 

amendment effective in less than 30 

days. 


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51592 Federal Register / Vol. 73, No. 172 / Thursday, September 4, 2008 / Rules and Regulations 

Conclusion 

The FAA has determined that this 

regulation only involves an established 

body of technical regulations for which 

frequent and routine amendments are 

necessary to keep them operationally 

current. It, therefore—(1) is not a 

‘‘significant regulatory action’’ under 

Executive Order 12866; (2) is not a 

‘‘significant rule’’ under DOT 

Regulatory Policies and Procedures (44 

FR 11034; February 26, 1979); and (3) 

does not warrant preparation of a 

regulatory evaluation as the anticipated 

impact is so minimal. For the same 

reason, the FAA certifies that this 

amendment will not have a significant 

economic impact on a substantial 

number of small entities under the 

criteria of the Regulatory Flexibility Act. 

List of Subjects in 14 CFR Part 95 

Airspace, Navigation (air). 

Issued in Washington, DC on August 27, 

2008. 

James J. Ballough, 

Director, Flight Standards Service. 

Adoption of the Amendment 

■ Accordingly, pursuant to the authority 

delegated to me by the Administrator, 

part 95 of the Federal Aviation 

Regulations (14 CFR part 95) is 

amended as follows effective at 0901 

UTC, September 25, 2008. 

■ 1. The authority citation for part 95 

continues to read as follows: 

Authority: 49 U.S.C. 106(g), 40103, 40106, 

40113, 40114, 40120, 44502, 44514, 44719, 

44721. 

■ 2. Part 95 is amended to read as 

follows: 

REVISIONS TO IFR ALTITUDES & CHANGEOVER POINTS—AMENDMENT 476 

[Effective date September 25, 2008] 

From To MEA 

§ 95.1001 DIRECT ROUTES—U.S. COLOR ROUTES 

§ 95.10 AMBER FEDERAL AIRWAY A6 

IS ADDED TO READ: 

ST MARYS, AK NDB ............................................................. NORTH RIVER, AK NDB ............................................................ 5000 

From To MEA MAA 

§ 95.4000 HIGH ALTITUDE RNAV ROUTES 

§ 95.4110 RNAV ROUTE Q110 

IS AMENDED BY ADDING: 

THNDR, FL FIX ......................................................... KPASA, FL FIX ................................................................ #*18000 45000 

*18000—GNSS MEA.

#DME/DME/IRU RNAV MEA.

§ 95.4257 RNAV ROUTE T257 

IS ADDED TO READ: 

BIG SUR, CA VORTAC ............................................. ISIFU, CA FIX .................................................................. 7300 17500 

ISIFU, CA FIX ............................................................ SUTRO, CA FIX ............................................................... 4900 17500 

SUTRO, CA FIX ........................................................ POINT REYES, CA VORTAC .......................................... 4000 17500 

§ 95.4259 RNAV ROUTE T259 

IS ADDED TO READ: 

SAN JOSE, CA VOR/DME ........................................ CEDES, CA FIX ............................................................... 6200 17500 

CEDES, CA FIX ......................................................... MOVDD, CA FIX .............................................................. 5900 17500 

MOVDD, CA FIX ........................................................ SACRAMENTO, CA VORTAC ......................................... 3200 17500 

§ 95.4261 RNAV ROUTE T261 

IS ADDED TO READ: 

WOODSIDE, CA VORTAC ........................................ ALTAM, CA FIX ............................................................... 5000 17500 

§ 95.4263 RNAV ROUTE T263 

IS ADDED TO READ: 

SUNOL, CA FIX ......................................................... SCAGGS ISLAND, CA VORTAC .................................... 4600 17500 

§ 95.4274 RNAV ROUTE T274 

IS ADDED TO READ: 

NEWPORT, OR VORTAC ......................................... *CRAAF, OR FIX ............................................................. 5500 17500 

*5000—MCA CRAAF, OR FIX, SW BND.

From To MEA 

§ 95.6001 VICTOR ROUTES—U.S. 

§ 95.6005 VOR FEDERAL AIRWAY V5 

IS AMENDED TO READ IN PART: 


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From To MEA 

#APPLETON, OH VORTAC .................................................. MANSFIELD, OH VORTAC ......................................................... 3000 

#R–006 UNUSABLE.

§ 95.6006 VOR FEDERAL AIRWAY V6 

IS AMENDED TO READ IN PART: 

MUSTANG, NV VORTAC ...................................................... WADDS, NV FIX .......................................................................... 10300 

WADDS, NV FIX .................................................................... *LOVELOCK, NV VORTAC ......................................................... **10000 

*8500—MCA LOVELOCK, NV VORTAC, NE BND.

**9500—MOCA.

§ 95.6013 VOR FEDERAL AIRWAY V13 

IS AMENDED TO READ IN PART: 

*CHESO, AR FIX ................................................................... RAZORBACK, AR VORTAC ....................................................... 3700 

*5000—MRA.

§ 95.6014 VOR FEDERAL AIRWAY V14 

IS AMENDED TO READ IN PART: 

BUFFALO, NY VOR/DME ..................................................... GENESEO, NY VOR/DME .......................................................... 4000 

§ 95.6017 VOR FEDERAL AIRWAY V17 

IS AMENDED TO READ IN PART: 

GARDEN CITY, KS VORTAC ............................................... *COFFE, KS FIX .......................................................................... **5500 

*9000—MRA.

**4600—MOCA.

§ 95.6023 VOR FEDERAL AIRWAY V23 

IS AMENDED TO READ IN PART: 

SACRAMENTO, CA VORTAC .............................................. GRIME, CA FIX ........................................................................... *2000 

*1600—MOCA.

GRIME, CA FIX ..................................................................... YUBBA, CA FIX ........................................................................... *4000 

*2000—MOCA.

YUBBA, CA FIX ..................................................................... *GRIDD, CA FIX .......................................................................... **4000 

*4000—MRA.

**3400—MOCA.

GRIDD, CA FIX ...................................................................... RED BLUFF, CA VORTAC ......................................................... *3000 

*1700—MOCA.

§ 95.6043 VOR FEDERAL AIRWAY V43 

IS AMENDED TO READ IN PART: 

#APPLETON, OH VORTAC .................................................. TIVERTON, OH VOR/DME ......................................................... 3000 

#R–055 UNUSABLE.

§ 95.6051 VOR FEDERAL AIRWAY V51 

IS AMENDED TO READ IN PART: 

NABB, IN VORTAC ............................................................... SHELBYVILLE, IN VORTAC ....................................................... 3000 

§ 95.6084 VOR FEDERAL AIRWAY V84 

IS AMENDED TO READ IN PART: 

BUFFALO, NY VOR/DME ..................................................... GENESEO, NY VOR/DME .......................................................... 4000 

§ 95.6113 VOR FEDERAL AIRWAY V113 

IS AMENDED TO READ IN PART: 

MUSTANG, NV VORTAC ...................................................... NICER, NV FIX ............................................................................ 10300 

NICER, NV FIX ...................................................................... ROBUD, NV FIX .......................................................................... *12000 

*10600—MOCA.

ROBUD, NV FIX .................................................................... SOD HOUSE, NV VORTAC ........................................................ *10000 

*9000—MOCA.

§ 95.6171 VOR FEDERAL AIRWAY V171 

IS AMENDED TO READ IN PART: 

EMILS, MN FIX ...................................................................... FARMINGTON, MN VORTAC ..................................................... *5500 

*3000—GNSS MEA.

FARMINGTON, MN VORTAC ............................................... JONNA, MN FIX .......................................................................... #*3500 

*2500—MOCA.

#*3000—GNSS MEA.


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51594 Federal Register / Vol. 73, No. 172 / Thursday, September 4, 2008 / Rules and Regulations 

From To MEA 

JONNA, MN FIX .................................................................... DARWIN, MN VORTAC .............................................................. 2900 

§ 95.6184 VOR FEDERAL AIRWAY V184 

IS AMENDED TO READ IN PART: 

PANZE, NJ FIX ...................................................................... FALON, NJ FIX ............................................................................ #*5000 

*1500—MOCA.

#*2000—GNSS MEA.

FALON, NJ FIX ...................................................................... ZIGGI, NJ FIX .............................................................................. *2500 

*1600—MOCA.

§ 95.6195 VOR FEDERAL AIRWAY V195 

IS AMENDED TO READ IN PART: 

WILLIAMS, CA VORTAC ....................................................... JINGO, CA FIX ............................................................................ *3000 

*2000—MOCA.

JINGO, CA FIX ...................................................................... RED BLUFF, CA VORTAC ......................................................... *3000 

*1700—MOCA.

§ 95.6208 VOR FEDERAL AIRWAY V208 

IS AMENDED TO READ IN PART: 

PACIF, CA FIX ....................................................................... OCEANSIDE, CA VORTAC ........................................................ 3000 

§ 95.6221 VOR FEDERAL AIRWAY V221 

IS AMENDED TO READ IN PART: 

#HOOSIER, IN VORTAC ....................................................... SHELBYVILLE, IN VORTAC ....................................................... *6000 

*3000—MOCA.

#R–053 UNUSABLE.

§ 95.6232 VOR FEDERAL AIRWAY V232 

IS AMENDED TO READ IN PART: 

CHARDON, OH VOR/DME ................................................... HAGAR, PA FIX .......................................................................... 3300 

HAGAR, PA FIX ..................................................................... FRANKLIN, PA VOR ................................................................... 3300 

§ 95.6244 VOR FEDERAL AIRWAY V244 

IS AMENDED TO READ IN PART: 

*NIKOL, CA FIX ..................................................................... COALDALE, NV VORTAC .......................................................... 12500 

*13000—MCA NIKOL, CA FIX, W BND.

LAMAR, CO VORTAC ........................................................... *COFFE, KS FIX .......................................................................... **9000 

*9000—MRA.

**5400—MOCA.

§ 95.6292 VOR FEDERAL AIRWAY V292 

IS AMENDED TO READ IN PART: 

SAGES, NY FIX ..................................................................... *WIGAN, NY FIX ......................................................................... #**10000 

*4500—MRA.

**6400—MOCA.

#7000—GNSS MEA.

WIGAN, NY FIX ..................................................................... BARNES, MA VORTAC .............................................................. #**10000 

**4900—MOCA.

#5000—GNSS MEA.

BARNES, MA VORTAC ......................................................... GLYDE, MA FIX .......................................................................... #*7000 

*2700—MOCA.

#4000—GNSS MEA.

§ 95.6365 VOR FEDERAL AIRWAY V365 

IS AMENDED TO READ IN PART: 

*BOZEMAN, MT VOR/DME ................................................... **MENAR, MT FIX ....................................................................... 8700 

*9300—MCA BOZEMAN, MT VOR/DME, SE BND.

**9200—MCA MENAR, MT FIX, NW BND.

MENAR, MT FIX .................................................................... SWEDD, MT FIX ......................................................................... *10000 

*9400—MOCA.

§ 95.6434 VOR FEDERAL AIRWAY V434 

IS AMENDED TO READ IN PART: 

PEORIA, IL VORTAC ............................................................ CHAMPLAIN, IL VORTAC ........................................................... 2800 


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From To MEA 

§ 95.6458 VOR FEDERAL AIRWAY V458 

IS AMENDED TO READ IN PART: 

PACIF, CA FIX ....................................................................... OCEANSIDE, CA VORTAC ........................................................ 3000 

§ 95.6523 VOR FEDERAL AIRWAY V523 

IS AMENDED TO READ IN PART: 

#APPLETON, OH VORTAC .................................................. TIVERTON, OH VOR/DME ......................................................... 3000 

#R–055 UNUSABLE.

§ 95.6525 VOR FEDERAL AIRWAY V525 

IS AMENDED TO READ IN PART: 

#APPLETON, OH VORTAC .................................................. TIVERTON, OH VOR/DME ......................................................... 3000 

#R–055 UNUSABLE.

§ 95.6536 VOR FEDERAL AIRWAY V536 

IS AMENDED TO READ IN PART: 

SWEDD, MT FIX .................................................................... *MENAR, MT FIX ........................................................................ **10000 

*9200—MCA MENAR, MT FIX, NW BND.

**9400—MOCA.

MENAR, MT FIX .................................................................... *BOZEMAN, MT VOR/DME ........................................................ 8700 

*9300—MCA BOZEMAN, MT VOR/DME, SE BND.

§ 95.6563 VOR FEDERAL AIRWAY V563 

IS AMENDED TO READ IN PART: 

LUBBOCK, TX VORTAC ....................................................... BIG SPRING, TX VORTAC ......................................................... 5200 

§ 95.6351 ALASKA VOR FEDERAL AIRWAY V351 

IS ADDED TO READ: 

DILLINGHAM, AK VOR/DME ................................................ PORT HEIDEN, AK NDB/DME ................................................... 3000 

§ 95.641 ALASKA VOR FEDERAL AIRWAY V414 

IS ADDED TO READ: 

GAMBELL, AK NDB .............................................................. KUKULIAK, AK VOR ................................................................... 3000 

§ 95.6477 ALASKA VOR FEDERAL AIRWAY V477 

IS AMENDED TO READ IN PART: 

HUSLIA, AK VOR/DME ......................................................... ATAGO, AK FIX ...........................................................................

E BND ..........................................................................................

W BND .........................................................................................

*3500 

*4000 

*2500—MOCA.

ATAGO, AK FIX ..................................................................... DESOY, AK FIX ........................................................................... 4000 

DESOY, AK FIX ..................................................................... SELAWIK, AK VOR/DME ............................................................

W BND .........................................................................................

E BND ..........................................................................................

2500 

4000 

§ 95.6619 ALASKA VOR FEDERAL AIRWAY V619 

IS ADDED TO READ: 

PORT HEIDEN, AK NDB/DME .............................................. SALDO, AK NDB ......................................................................... 4000 

SALDO, AK NDB ................................................................... DILLINGHAM, AK VOR/DME ...................................................... 3000 

From To MEA MAA 

§ 95.7001 JET ROUTES 

§ 95.7211 JET ROUTE J211 

IS AMENDED TO READ IN PART: 

#YOUNGSTOWN, OH VORTAC ............................... JOHNSTOWN, PA VORTAC ........................................... 18000 45000

#R–130 UNUSABLE ABOVE 24000.

From To Distance From 

§ 95.8003 VOR FEDERAL AIRWAY CHANGEOVER POINTS V221 

IS AMENDED TO DELETE: 

HOOSIER, IN, VORTAC .............................................. SHELBYVILLE, IN, VORTAC ............................................. 15 HOOSIER 


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51596 Federal Register / Vol. 73, No. 172 / Thursday, September 4, 2008 / Rules and Regulations 

[FR Doc. E8–20443 Filed 9–3–08; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

24 CFR Part 206 

[Docket No. FR–5129–F–02] 

RIN 2502–AI49 

Home Equity Conversion Mortgages 

(HECMs): Determination of Maximum 

Claim Amount; and Eligibility for 

Discounted Mortgage Insurance 

Premium for Certain Refinanced HECM 

Loans 

AGENCY: Office of the Assistant 

Secretary for Housing—Federal Housing 

Commissioner, HUD. 

ACTION: Final rule. 

SUMMARY: This final rule adopts, 

without change, an interim rule that 

made two technical changes to HUD’s 

Home Equity Conversion Mortgage 

(HECM) program. First, the interim rule 

extended the date for calculating the 

maximum claim amount in the HECM 

program from the date of the 

underwriter’s receipt of the appraisal 

report to the date of closing. This 

change provides a more easily verifiable 

and more easily identifiable date. 

Second, the interim rule corrected an 

unintended consequence that results in 

a situation where HECM loans that are 

not in default but have been assigned 

pursuant to regulatory provisions, and 

remain in effect, are not eligible to be 

refinanced with a discounted initial 

mortgage insurance premium (MIP). The 

interim rule permitted such HECM 

loans to be eligible for the discounted 

initial MIP upon refinancing, in 

accordance with the purpose of the 

HECM program, which is to improve the 

financial situation of elderly 

homeowners. HUD received one public 

comment in response to a solicitation of 

comments on the interim rule, which 

was supportive of the interim rule. 

DATES: Effective Date: October 6, 2008. 

FOR FURTHER INFORMATION CONTACT: 

James Beavers, Deputy Director, Single 

Family Program Development, Office of 

Single Family Housing, Department of 

Housing and Urban Development, 451 

Seventh Street, SW., Washington, DC 

20410–8000; telephone number 202–

708–2121 (this is not a toll-free 

number). Persons with hearing or 

speech impairments may access this 

number through TTY by calling the tollfree Federal Information Relay Service 

at 1–800–877–8339. 

SUPPLEMENTARY INFORMATION: 

I. Background 

The statutory and regulatory 

background to this rule is fully 

discussed in the preamble to the January 

8, 2008, interim rule at 73 FR 1434–

1435. HUD’s Home Equity Conversion 

Mortgage (HECM) statute is at section 

255 of the National Housing Act, 12 

U.S.C. 1715z–20. 

The January 2008 interim rule revised 

the point in time at which the appraised 

value of the property and the maximum 

dollar amount for an area under 12 

U.S.C. 1709(b)(2) are compared to 

determine the maximum claim amount. 

The definition of ‘‘maximum claim 

amount’’ currently codified in HUD’s 

regulations in 24 CFR 206.3 provides 

that both of these values ‘‘must be as of 

the date the Direct Endorsement Lender 

or Lender Insurance Underwriter 

receives the appraisal report.’’ For 

reasons described in the January 8, 

2008, interim rule, however, the date is 

changed to the date of loan closing. 

The interim rule also addressed an 

issue in the HECM program in which 

refinanced HECM notes assigned to 

HUD under assignment provisions at 

§ 206.107(a)(1) (election of assignment 

or shared premium option) and 

§ 206.121(b) (assignment to HUD when 

the mortgagee is unable or unwilling to 

make payments to mortgagor), but not in 

default, could not be insured at the 

reduced initial mortgage insurance 

premium (MIP) rates applicable to 

refinanced HECM loans. The interim 

rule clarified that refinanced HECM 

loans in these categories are also eligible 

for mortgage insurance at the reduced 

rate. 

II. This Final Rule 

This final rule adopts the interim rule 

without change. The following provides 

a summary of the regulatory 

amendments made by the interim rule, 

and adopted without change by the final 

rule. 

• The interim rule removed the 

second sentence of 24 CFR 206.3, and 

revised the first sentence to read: 

Maximum claim amount means the lesser 

of the appraised value of the property, as 

determined by the appraisal used in 

underwriting the loan, or the maximum 

dollar amount for an area established by the 

Secretary for a one-family residence under 

section 203(b)(2) of the National Housing Act 

(as adjusted where applicable under section 

214 of the National Housing Act) as of the 

date of loan closing. 

• The interim rule revised the last 

sentence of § 206.53(a) to remove the 

term ‘‘presently’’ and clarify that the 

refinancing provisions apply to 

‘‘existing’’ HECM loans, including those 

assigned under §§ 206.107(a)(1) and 

206.121(b). 

III. Discussion of Public Comments 

The public comment period on the 

January 8, 2008, interim rule closed on 

March 10, 2008. HUD received one 

comment, which supported the change 

made by the rule, and urged HUD to 

make other changes to the program 

regulations that would especially assist 

elderly minority homeowners. With no 

other issues for consideration at the 

final rule stage, HUD is adopting the 

interim rule without change. 

IV. Findings and Certifications 

Environmental Impact 

The final rule involves external 

administrative or fiscal requirements or 

procedures that are related to loan limits 

and rate or cost determinations and that 

do not constitute a development 

decision affecting the physical 

condition of specific project areas or 

building sites. Accordingly, under 24 

CFR 50.19(c)(6), this rule is categorically 

excluded from environmental review 

under the National Environmental 

Policy Act of 1969 (42 U.S.C. 4321 et 

seq.). 

Regulatory Flexibility Act 

The Regulatory Flexibility Act (RFA) 

(5 U.S.C. 601 et seq.) generally requires 

an agency to conduct a regulatory 

flexibility analysis of any rule subject to 

notice and comment rulemaking 

requirements, unless the agency certifies 

that the rule will not have a significant 

economic impact on a substantial 

number of small entities. This final rule 

would not have a significant impact on 

entities, because the establishment of a 

date of maximum claim amount is an 

automated process and merely changing 

the date as of which the calculation is 

made imposes no additional burden on 

any entity. Allowing for discounted 

MIPs for refinancings provides a benefit 

to borrowers and presents no impact on 

any business entities. 

Accordingly, the undersigned certifies 

that this rule will not have a significant 

economic impact on a substantial 

number of small entities. 

Executive Order 13132, Federalism 

Executive Order 13132 (entitled 

‘‘Federalism’’) prohibits an agency from 

publishing any rule that has federalism 

implications if the rule either imposes 

substantial direct compliance costs on 

state and local governments and is not 

required by statute, or the rule preempts 

state law, unless the agency meets the 

consultation and funding requirements 

of section 6 of the Executive Order. This 

rule would not have federalism 


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