Federal Register / Vol. 70, No.

42 / Friday, March 4, 2005 / Notices 10669

meeting by a TSA representative is not Dated: February 24, 2005. DC 20410–8000; telephone 202–755–
intended to be, and should not be Mark R. Johnston, 7500 (this is not a toll-free number).
construed as, a position of TSA. Director, Office of Special Needs Assistance Individuals with speech or hearing
(7) The meeting is designed to solicit Programs. impairments may access this number
public views and gather additional [FR Doc. 05–3912 Filed 3–3–05; 8:45 am] through TTY by calling the toll-free
information. No individual will be BILLING CODE 4210–29–M Federal Information Relay Service at
subject to cross-examination by any 800–877–8339.
other participant; however, TSA
representatives may ask questions to DEPARTMENT OF HOUSING AND SUPPLEMENTARY INFORMATION: Section
clarify a statement. URBAN DEVELOPMENT 224 of the National Housing Act (12
U.S.C. 1715o) provides that debentures
Issued in Arlington, Virginia, on February
28, 2005. [Docket No. FR–4917–N–04] issued under the Act with respect to an
insured loan or mortgage (except for
Chad Wolf, Mortgage and Loan Insurance debentures issued pursuant to section
Assistant Administrator for Transportation Programs Under the National Housing 221(g)(4) of the Act) will bear interest at
Security Policy. Act—Debenture Interest Rates the rate in effect on the date the
[FR Doc. 05–4179 Filed 3–3–05; 8:45 am]
AGENCY: Office of the Assistant commitment to insure the loan or
BILLING CODE 4910–62–P
Secretary for Housing—Federal Housing mortgage was issued, or the date the
Commissioner, HUD. loan or mortgage was endorsed (or
initially endorsed if there are two or
DEPARTMENT OF HOUSING AND ACTION: Notice.
more endorsements) for insurance,
URBAN DEVELOPMENT whichever rate is higher. This provision
SUMMARY: This notice announces
[Docket No. FR–4980–N–09] changes in the interest rates to be paid is implemented in HUD’s regulations at
on debentures issued with respect to a 24 CFR 203.405, 203.479, 207.259(e)(6),
Federal Property Suitable as Facilities loan or mortgage insured by the Federal and 220.830. These regulatory
To Assist the Homeless Housing Commissioner under the provisions state that the applicable rates
AGENCY: Office of the Assistant provisions of the National Housing Act of interest will be published twice each
Secretary for Community Planning and (the Act). The interest rate for year as a notice in the Federal Register.
Development, HUD. debentures issued under section Section 224 further provides that the
ACTION: Notice. 221(g)(4) of the Act during the 6-month interest rate on these debentures will be
period beginning January 1, 2005, is 5 set from time to time by the Secretary
SUMMARY: This Notice identifies percent. The interest rate for debentures of HUD, with the approval of the
unutilized, underutilized, excess, and issued under any other provision of the Secretary of the Treasury, in an amount
surplus Federal property reviewed by Act is the rate in effect on the date that not in excess of the annual interest rate
HUD for suitability for possible use to the commitment to insure the loan or determined by the Secretary of the
assist the homeless. mortgage was issued, or the date that the Treasury pursuant to a statutory formula
EFFECTIVE DATE: March 4, 2005. loan or mortgage was endorsed (or based on the average yield of all
FOR FURTHER INFORMATION CONTACT: initially endorsed if there are two or outstanding marketable Treasury
Kathy Ezzell, Department of Housing more endorsements) for insurance, obligations of maturities of 15 or more
and Urban Development, Room 7262, whichever rate is higher. The interest years.
451 Seventh Street SW., Washington, rate for debentures issued under these The Secretary of the Treasury (1) has
DC 20410; telephone (202) 708–1234; other provisions with respect to a loan determined, in accordance with the
TTY number for the hearing- and or mortgage committed or endorsed provisions of section 224, that the
speech-impaired (202) 708–2565, (these during the 6-month period beginning statutory maximum interest rate for the
telephone numbers are not toll-free), or January 1, 2005, is 47⁄8 percent. period beginning January 1, 2005, is 47⁄8
call the toll-free Title V information line However, as a result of a recent percent; and (2) has approved the
at 1–800–927–7588. amendment to section 224 of the Act, if establishment of the debenture interest
SUPPLEMENTARY INFORMATION: In an insurance claim relating to a rate by the Secretary of HUD at 47⁄8
accordance with the December 12, 1988 mortgage insured under sections 203 or percent for the 6-month period
court order in National Coalition for the 234 of the Act and endorsed for beginning January 1, 2005. This interest
Homeless v. Veterans Administration, insurance after January 23, 2004, is paid rate will be the rate borne by debentures
No. 88–2503–OG (D.D.C.), HUD in cash, the debenture interest rate for issued with respect to any insured loan
published a Notice, on a weekly basis, purposes of calculating a claim shall be or mortgage (except for debentures
identifying unutilized, underutilized, the monthly average yield, for the issued pursuant to section 221(g)(4))
excess and surplus Federal buildings month in which the default on the with insurance commitment or
and real property that HUD has mortgage occurred, on United States endorsement date (as applicable) within
reviewed for suitability for use to assist Treasury Securities adjusted to a the first 6 months of 2005.
the homeless. Today’s Notice is for the constant maturity of 10 years. For convenience of reference, HUD is
purpose of announcing that no FOR FURTHER INFORMATION CONTACT: L. publishing the following chart of
additional properties have been Richard Keyser, Department of Housing debenture interest rates applicable to
determined suitable or unsuitable this and Urban Development, 451 Seventh mortgages committed or endorsed since
week. Street, SW., Room 2232, Washington, 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.

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