Revolving Loan Fund Reporting Requirements, 21734-21735 [05-8364]

Agencies

• DEPARTMENT OF COMMERCE
• Economic Development Administration

[Federal Register Volume 70, Number 80 (Wednesday, April 27, 2005)]
[Notices]
[Pages 21734-21735]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-8364]


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DEPARTMENT OF COMMERCE

Economic Development Administration


Revolving Loan Fund Reporting Requirements

ACTION: Extension of an information collection; comment request.

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SUMMARY: The Department of Commerce, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments must be submitted on or before June 27, 2005.

ADDRESSES: Direct all written comments to Diana Hynek, Departmental 
Paperwork Clearance Officer, Department of Commerce, HCHB Room

[[Page 21735]]

6625, 1401 Constitution Avenue, NW., Washington, DC 20230, or via the 
Internet at dhynek@doc.gov.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instruments and instructions 
should be directed to Kenneth M. Kukovich, EDA PRA Liaison, Office of 
Management Services, HCHB Room 7227, Economic Development 
Administration, Department of Commerce, 1401 Constitution Avenue, NW., 
Washington, DC 20230; telephone: (202) 482-0806.

SUPPLEMENTARY INFORMATION:

I. Abstract

    The Economic Development Administration (EDA) provides investments 
that will help our partners (states, regions and local communities) 
across the nation create wealth and minimize poverty by promoting a 
favorable business environment to attract private capital investment 
and higher-skill, higher-wage jobs through world-class capacity 
building, infrastructure, business assistance, research grants and 
strategic initiatives.
    EDA's revolving loan fund (RLF) reporting requirements (13 CFR 
Sec.  308.14) are needed to ensure proper monitoring and compliance 
with program and administrative requirements, as set forth in EDA's 
authorizing legislation, the Public Works and Economic Development Act 
of 1965 (Pub. L. 89-136; 42 U.S.C. 3121 et seq.), as most recently 
amended by the Economic Development Administration Reauthorization Act 
of 2004 (Pub. L. 108-373). EDA's new implementing regulations are 
currently under OMB review. In the interim, EDA's existing regulations 
are in force at 13 CFR Chapter III.

II. Method of Collection

    The RLF reporting requirements are used by EDA to monitor grantees' 
progress in establishing loan funds, making initial loans, collecting 
and relending the proceeds from loans, and compliance with time 
schedules and federal requirements for administering grants, and 
compliance with civil rights, environmental and other requirements 
prior to grant disbursement. The RLF reporting requirements are based 
on OMB administrative requirements for federal grants, as implemented 
by Department of Commerce (DOC) regulations at 15 CFR parts 14, 24, and 
29. EDA's regulations at 13 CFR Chapter III are intended to supplement 
the DOC requirements and are not intended to replace or negate such 
requirements.

III. Data

    OMB Number(s): 0610-0095.
    Agency Form Numbers: ED-209A, ED-209S and ED-209I.
    Type of Review: Extension of a currently approved collection of 
information.
    Affected Public: State, local or Indian tribal governments and not-
for-profit organizations.
    Estimated Number of Respondents: 134 for the RLF Annual Report; 462 
for the RLF Semi-annual Report; 336 for the Annual RLF Income and 
Expense Statement.
    Estimated Time per Response: 12 hours for RLF reporting 
requirements (includes the RLF Annual Report and RLF Semi-annual Report 
at 12 hours each, and 2 hours per Annual RLF Income and Expense 
Statement).
    Estimated Total Annual Burden Hours: 13,368 hours.
    Estimated Total Annual Cost: $819,452.

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
(including hours and cost) of the proposed collection of information; 
(c) ways to enhance the equality, utility and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
automated collection techniques or other forms of information 
technology.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; and they also will become a matter of public record.

    Dated: April 21, 2005.
Madeleine Clayton,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 05-8364 Filed 4-26-05; 8:45 am]
BILLING CODE 3510-34-P