# Eliminate the 6-Day Reservation Period Requirement for Rural Development Obligations
> **Rural Housing Service** · Direct final rule. · Published 2014-09-18 · Effective 2015-01-16 · 79 FR 55965
## Document
- **Document number:** 2014-21704
- **Category:** rural-development
- **Sub-agency:** Rural Housing Service
- **Federal Register citation:** 79 FR 55965
- **CFR reference:** 7 CFR 1940
- **Publication date:** 2014-09-18
- **Effective date:** 2015-01-16
## Abstract

Rural Development (RD) is amending the regulations so that an obligation date for all guaranteed loans, direct loans, and grants will no longer be 6 working days from the date of request for reservation of authority. This action is necessary as the 6-day reservation period will be permanently removed from the Commercial Loan Servicing System (CLSS), Guaranteed Loan System (GLS), and Program Loan Accounting System (PLAS). The effect of this action will reduce system or manual intervention when legislative mandates direct cutoff for obligations and/or funding; eliminate program waivers on obligation date; increase consistency with other RD programs; reduce risks with new system implementations, such as the Financial Modernization Management Initiative; and eliminate numerous reconciliation issues between processed obligations and actual obligations for internal RD reports and USDA reporting requirements.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2014/09/18/2014-21704/eliminate-the-6-day-reservation-period-requirement-for-rural-development-obligations)
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