Proposed Collection; Comment Request, 10597-10598 [E6-2833]
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Federal Register / Vol. 71, No. 40 / Wednesday, March 1, 2006 / Notices
Treasury, through the Fund, administers
the NMTC Program, which provides an
incentive to investors in the form of tax
credits over seven years, which is
expected to stimulate the provision of
private investment capital that, in turn,
will facilitate economic and community
development in low-income
communities. In order to qualify for an
allocation of tax credits through the
NMTC Program, an entity must be
certified as a qualified community
development entity (CDE) and submit
an allocation application to the Fund.
Nonprofit entities and for-profit entities
may be certified as CDEs by the Fund.
Both for-profit and nonprofit entities
may apply to the Fund for an allocation
of NMTCs, but only CDEs that are forprofit entities are eligible to issue
qualified equity investments with
respect to which investors will be
entitled to claim NMTCs. In order to be
certified as a CDE, an entity must be a
domestic corporation or partnership,
that: (1) has a primary mission of
serving or providing investment capital
for low-income communities or lowincome persons; and (2) maintains
accountability to residents of lowincome communities through their
representation or any governing or
advisory board of the entity.
Current Actions: Currently receiving
and processing CDE certification
applications.
Type of review: Extension.
Affected Public: CDEs, including
business or other for-profit institutions,
nonprofit entities, and State, local and
Tribal entities.
Estimated Number of Respondents:
500.
Estimated Annual Time Per
Respondent: 5 hours.
Estimated Total Annual Burden
Hours: 2,500 hours.
Requests for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the 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 of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of technology; and (e)
estimates of capital or start-up costs and
costs of operation, maintenance, and
VerDate Aug<31>2005
18:25 Feb 28, 2006
Jkt 208001
purchase of services required to provide
information.
Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26
CFR 1.45D–1T.
Dated: February 23, 2006.
Arthur A. Garcia,
Director, Community Development Financial
Institutions Fund.
[FR Doc. E6–2834 Filed 2–28–06; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Proposed Collection; Comment
Request
Notice and request for
comments.
ACTION:
SUMMARY: The Department of Treasury,
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
and/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)). Currently, the
Community Development Financial
Institutions Fund (the Fund), a
government corporation within the
Department of the Treasury, is soliciting
comments concerning the draft ‘‘Survey
of CDFIs to Gather Feedback on the
Effectiveness of the Programs of the
CDFI Fund of the U.S. Department of
the Treasury’’ (hereafter, the Survey).
DATES: Written comments should be
received on or before May 1, 2006 to be
assured of consideration.
ADDRESSES: Direct all comments to
Pamela Williams, Program Operations
Advisor, Community Development
Financial Institutions Fund, U.S.
Department of the Treasury, 601 13th
Street, NW, Suite 200 South,
Washington, DC 20005, Facsimile
Number (202) 622–7754.
FOR FURTHER INFORMATION CONTACT: The
Survey may be obtained from the Fund’s
Web site at https://www.cdfifund.gov.
Requests for additional information
should be directed to Pamela Williams,
Program Operations Advisor,
Community Development Financial
Institutions Fund, U.S. Department of
the Treasury, 601 13th Street, NW, Suite
200 South, Washington, DC 20005, or by
phone to (202) 622–6355.
SUPPLEMENTARY INFORMATION:
Title: Survey of CDFIs to Gather
Feedback on the Effectiveness of the
PO 00000
Frm 00136
Fmt 4703
Sfmt 4703
10597
Programs of the CDFI Fund of the U.S.
Department of the Treasury.
OMB Number: Pending OMB
approval.
Abstract: The Community
Development Banking and Financial
Institutions Act of 1994 (12 U.S.C. 4701
et seq.) authorizes the Community
Development Financial Institutions
Fund (the Fund) of the U.S. Department
of the Treasury to select and provide
financial assistance (FA) awards and
technical assistance (TA) awards to
eligible applicants through the
Community Development Financial
Institutions (CDFI) Program. In addition,
the legislation authorizes the CDFI Fund
to certify eligible entities as CDFIs and
to provide training to CDFIs and
members of the financial services
industry. The Department is conducting,
through a contract with Abt Associates
Inc., a study of the effectiveness of the
CDFI Program (including the FA and TA
award components), the Training
Program and the CDFI certification
designation. The assessment will rely on
information from CDFIs on their
opinions of the value of these program
components in their ability to meet the
community development finance needs
of their communities. These data will be
used along with quantitative
information (to be obtained from
existing administrative sources) to help
identify the impacts of the components.
Data on CDFI opinion regarding the
effectiveness of the components is not
available from other sources, and needs
to be collected directly from the CDFIs
through the proposed survey. In
addition, the survey will gather
recommendations from CDFIs on ways
that going forward, the Fund through
these program components, can better
meet the needs of their communities.
Current Actions: Pending OMB
approval.
Type of review: Initial.
Affected Public: CDFIs, including
business or other for-profit institutions,
not-for-profit institutions and State,
local and Tribal entities; community
development trade associations and
industry experts.
Estimated Number of Respondents:
1,100.
Estimated Annual Time Per
Respondent: The researchers will
administer a one-time mail web-based
survey with e-mail and telephone
follow-up to staff from each of the 1,100
CDFIs. Each CDFI will be asked to
respond only to specific portions of the
survey, depending on the types of
assistance they applied for and received.
The survey is estimated to take
anywhere from 30 minutes (for
respondents who have not participated
E:\FR\FM\01MRN1.SGM
01MRN1
10598
Federal Register / Vol. 71, No. 40 / Wednesday, March 1, 2006 / Notices
wwhite on PROD1PC61 with NOTICES
in the program components being
evaluated) to 54 minutes (for
respondents who received each type of
assistance and participated in the
Training Program). The survey is
estimated to take 35 minutes for the
average respondent that received
funding under the program components
being evaluated. Based on our estimates
of the number of respondents in each
category, the total burden across all
respondents is estimated at 496 hours.
Estimated Total Annual Burden
Hours: 496 hours.
Requests for Comments: Comments
submitted in response to this notice will
VerDate Aug<31>2005
18:25 Feb 28, 2006
Jkt 208001
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the 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 of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
PO 00000
Frm 00137
Fmt 4703
Sfmt 4703
information on respondents, including
through the use of technology; and (e)
estimates of capital or start-up costs and
costs of operation, maintenance, and
purchase of services required to provide
information.
Authority: 12 U.S.C. 4703, 4703 note, 4704,
4706, 4707, 4717; 12 CFR part 1805.
Dated: February 23, 2006.
Arthur A. Garcia,
Director, Community Development Financial
Institutions Fund.
[FR Doc. E6–2833 Filed 2–28–06; 8:45 am]
BILLING CODE 4810–70–P
E:\FR\FM\01MRN1.SGM
01MRN1
]]>Agencies
[Federal Register Volume 71, Number 40 (Wednesday, March 1, 2006)]
[Notices]
[Pages 10597-10598]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-2833]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Proposed Collection; Comment Request
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of Treasury, 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 and/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)). Currently, the Community Development Financial
Institutions Fund (the Fund), a government corporation within the
Department of the Treasury, is soliciting comments concerning the draft
``Survey of CDFIs to Gather Feedback on the Effectiveness of the
Programs of the CDFI Fund of the U.S. Department of the Treasury''
(hereafter, the Survey).
DATES: Written comments should be received on or before May 1, 2006 to
be assured of consideration.
ADDRESSES: Direct all comments to Pamela Williams, Program Operations
Advisor, Community Development Financial Institutions Fund, U.S.
Department of the Treasury, 601 13th Street, NW, Suite 200 South,
Washington, DC 20005, Facsimile Number (202) 622-7754.
FOR FURTHER INFORMATION CONTACT: The Survey may be obtained from the
Fund's Web site at https://www.cdfifund.gov. Requests for additional
information should be directed to Pamela Williams, Program Operations
Advisor, Community Development Financial Institutions Fund, U.S.
Department of the Treasury, 601 13th Street, NW, Suite 200 South,
Washington, DC 20005, or by phone to (202) 622-6355.
SUPPLEMENTARY INFORMATION:
Title: Survey of CDFIs to Gather Feedback on the Effectiveness of
the Programs of the CDFI Fund of the U.S. Department of the Treasury.
OMB Number: Pending OMB approval.
Abstract: The Community Development Banking and Financial
Institutions Act of 1994 (12 U.S.C. 4701 et seq.) authorizes the
Community Development Financial Institutions Fund (the Fund) of the
U.S. Department of the Treasury to select and provide financial
assistance (FA) awards and technical assistance (TA) awards to eligible
applicants through the Community Development Financial Institutions
(CDFI) Program. In addition, the legislation authorizes the CDFI Fund
to certify eligible entities as CDFIs and to provide training to CDFIs
and members of the financial services industry. The Department is
conducting, through a contract with Abt Associates Inc., a study of the
effectiveness of the CDFI Program (including the FA and TA award
components), the Training Program and the CDFI certification
designation. The assessment will rely on information from CDFIs on
their opinions of the value of these program components in their
ability to meet the community development finance needs of their
communities. These data will be used along with quantitative
information (to be obtained from existing administrative sources) to
help identify the impacts of the components. Data on CDFI opinion
regarding the effectiveness of the components is not available from
other sources, and needs to be collected directly from the CDFIs
through the proposed survey. In addition, the survey will gather
recommendations from CDFIs on ways that going forward, the Fund through
these program components, can better meet the needs of their
communities.
Current Actions: Pending OMB approval.
Type of review: Initial.
Affected Public: CDFIs, including business or other for-profit
institutions, not-for-profit institutions and State, local and Tribal
entities; community development trade associations and industry
experts.
Estimated Number of Respondents: 1,100.
Estimated Annual Time Per Respondent: The researchers will
administer a one-time mail web-based survey with e-mail and telephone
follow-up to staff from each of the 1,100 CDFIs. Each CDFI will be
asked to respond only to specific portions of the survey, depending on
the types of assistance they applied for and received. The survey is
estimated to take anywhere from 30 minutes (for respondents who have
not participated
[[Page 10598]]
in the program components being evaluated) to 54 minutes (for
respondents who received each type of assistance and participated in
the Training Program). The survey is estimated to take 35 minutes for
the average respondent that received funding under the program
components being evaluated. Based on our estimates of the number of
respondents in each category, the total burden across all respondents
is estimated at 496 hours.
Estimated Total Annual Burden Hours: 496 hours.
Requests for Comments: Comments submitted in response to this
notice will be summarized and/or included in the request for OMB
approval. All comments will become a matter of public record. Comments
are invited on: (a) Whether the 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 of the collection of
information; (c) ways to enhance the quality, utility, and clarity of
the information to be collected; (d) ways to minimize the burden of the
collection of information on respondents, including through the use of
technology; and (e) estimates of capital or start-up costs and costs of
operation, maintenance, and purchase of services required to provide
information.
Authority: 12 U.S.C. 4703, 4703 note, 4704, 4706, 4707, 4717; 12
CFR part 1805.
Dated: February 23, 2006.
Arthur A. Garcia,
Director, Community Development Financial Institutions Fund.
[FR Doc. E6-2833 Filed 2-28-06; 8:45 am]
BILLING CODE 4810-70-P
