Federal Register / Vol. 51. No. 152 / Thursday. August 7, I960 / Notices 
28441 
Attendance by the public will be limited 
to space available. 
Further information may be obtained 
from Dr. William J. Cortland. Executive 
Secretary. Recombinant UNA Advisory 
Committee Working Croup on 
Definitions. National Institutes of 
Health. Building 31. Room CB'.O. 
Bethesda. Maryland telephone (301) 
436-6051. 
Dated: |ul> 31. 1986. 
OMB's "Mandatory Information 
Requirements for Federal Assistance Prugram 
Announcements'’ {aj FR 3°3S3] requires a 
statement concerning "he otTicia! coverrunent 
programs contained in the Cctclcg of Federcl 
Domestic Assistance Normally NIK lists in 
its announcements the number and title of 
affected individual programs for the outdone? 
of the public. Because the guidance in (his 
notice covers not only virtually every MH 
program but also essentially every federal 
research program in which ONA recombinant 
molecule techniques rouid be usi'd. :t has 
been determined to be not cost effective or in 
the pubiic interest to attempt to list these 
programs. Such a list would likely require 
several additional p.vges. In addition. N1H 
could not be certain that every federal 
program would be included as many federal 
agencies, as well as private organizations, 
both national and international, have elected 
to follow the NIH Guidelines. In lieu of (he 
individual program listing NIH invites 
readers to direct questions to the information 
address above about whether individual 
ptograms listed in the Cctdog of Federal 
Domestic Assistance are affected. 
Betty J. Beveridge. 
Committee Management Officer. NIH. 
(FR Doc. 86-17735 Filed 8-6-36; 8:45 am| 
BILL! NO CCOt 1UO-01-M 
Public Health Service 
Health Education Assistance Loan 
Program; ‘‘Maximum Interast Rates for 
Quarter Ending September 30, 1986 
and Rate of Insurance Premium" 
Section “27 of the Public Heal.h 
Service Act (42 US C. 294) authorises 
the Secretary of Health and Human 
Services to establish a Federal program 
of student lean insurance for graduate 
students in health professions schools. 
A. Section 60.13(a)(4J of the program's 
implementing regulations (42 CFR Part 
60. previously 45 CFR Part 126) provides 
that the Secretary will announce the 
interest rate in effect on a quarterly 
basis. 
The Secretary announces that for the 
period ending September 30. 1936. three 
interest rates are in effect for loans 
executed through the Health Education 
Assistance Loan (HEAL) program. 
1. For loans made before January 27. 
1981. the variable interest rate is 94 
percent. Using the regulatory formula (45 
CFR 126.13(a) (2) and (3)). in effect prior 
to January 27. 1981. the Secretary would 
normally compute the variable rate for 
this quarter by finding the sum of the 
fixed annual rate (7 percent) and a 
variable component calculated by 
subtracting 3.50 percent from the 
average bond equivalent rate of 91 -day 
U.S. Treasury bills for the preceding 
calendar quarter (6.28 percent), and 
rounding the result (9.73 percant) 
upward to the nearest 4 percent (94 
percent). Hcwever. the regulatory 
formula also provides that the annual 
rate at the variable interest rate for a 3- 
month period shall be reduced to the 
highest one-eighth of 1 percent which 
would result in an average annual rate 
not in excess of 12 percent for the 12- 
month period concluded by those 3 
months. Because the average rata of the 
4 quarters ending September 30. 1S86 is 
not in excess of 12 percent, there is no 
necessity for reducing the interest rate. 
For the previous 3 quarters the variable 
interest at the annua! rate was as 
follows: 104 percent fer the quarter 
ending December 31. 1985; 11 percent for 
the quarter ending March 31. 1986; and 
104 percent for the quarter ending June 
30. 1986. 
2. For variable rate loans executed 
during the period af January 27. 1981 
through October 21. 1985. the interest 
rate is 94 percent. Using the regulatory 
formula (42 CFR 60.13(a)(3)) in effect 
since January 27. 1981. the Secretary 
computes the maximum interest rate at 
the beginning of each calendar quarter 
by determining the average bond 
equivalent rate for the 91-day U.S. 
Treasury bills during the preceding 
quarter (6.28 percent); adding 3.50 
percent (9.78 percent): and rounding that 
figure to the next higher one-eighth of 1 
percent (94 percent). 
3. For fixed rate loans executed during 
the period of July 1. 1988 through 
September 30. 1986. and for variable rate 
loans executed on or after October 22. 
1985. the interest rate is 94 percent. The 
Health Professions Training Assistance 
Act of 1985 (Pub. L. 99-129), enacted 
October 22. 1985. amended the formula 
for calculating the interest rate by 
changing 3.5 percent to 3 percent. Using 
the regulatory formula (42 CFR 60.13(a) 
(2) and (3)) and substituting the new 
statutory change of 3 percent, the 
Secretary computes the maximum 
interest rate at the beginning of each 
calendar quarter by determining the 
average bond equivalent rate for the 91- 
day U.S. Treasury bills during the 
preceding quarter (8.28 percent); adding 
3.0 percent (9.28 percent) and rounding 
that figure to the next higher one-eighth 
of 1 percent (94 percent). 
B. Public Law 99-129 also contained 
modifications to the insurance premium 
calculation, effective S months after 
enactment of the statute (July 22. 1986|. 
Prior to that date, in accordance with 
§ 00.14(b) cf the regulations, the 
insurance permium continued (o be 2 
percent per year of the loan principal for 
loans executed through the HEAL 
program. Effective July 22. 1933 in 
accordance with section 732 of the Act. 
as amended, the insurance premium is 3 
percent of each HEAL loan. A notice 
announcing this change was published 
on June 18 (FR 2213SJ. 
(Catalog of Federal Domestic Assistance No. 
13.108. Health Education Assistance Loans). 
Dated: July 31. 1986. 
John H. Xeiso. 
Acting Administrator. 
(FR Doc. 66-17525 Filed 8-6-86: R:45 ami 
bilung cooe *teo-is-v 
DEPARTMENT OF HOUSING AND 
URBAN DEVELOPMENT 
(Docket No. N-8S-1622; FR-22$5j 
Availability of Funding Under the 
Community Housing Resource Board 
Program; Competitive Solicitation 
agency: Office of the Assistant 
Secretary for Fair Housing and Equal 
Opportunity. HUD. 
action: Notice of funds availability. 
Summary: HUD is soliciting applications 
from eligible Community Housing 
Resource Boards (CHRBs) for funding 
under the CHRB Program. CHRBs must 
meet certain eligibility criteria in order 
to qualify for consideration. 
oate: Applications for funding must be 
submitted by September 8, 1986. 
FOR FURTHER INFORMATION CONTACT. 
Lydia Jackson. Office of Procurement 
and Contracts. Room 5260. Office of the 
Assistant Secretary for Administration. 
Department of Housing ar.c Urban 
Development. 451 Seventh Street SVV.. 
Washington, DC 20410. Application kits 
will be sent only upon written request 
made after August 7. 1986, to the Office 
of Procurement and Contracts at the 
above address. Telephone requests for 
application kits will not be honored. 
SUPPLEMENTARY INFORMATION: This 
Notica of Funds Availability is issued 
under the regulations for the CHRB 
Program, published in the Federal 
Register on March 25. 1982 (47 FR 
12926) and codified at 24 CFR Part 120. 
Interested CHRBs are urged to review 
these regulations and the factors for 
award in the application kit to 
[35] 
Recombinant DNA Research, Volume 1 1 
