Community Development Financial Institutions Fund, 31917-31918 [E8-12515]

Download as PDF Federal Register / Vol. 73, No. 108 / Wednesday, June 4, 2008 / Notices protected by the conditions imposed in Norfolk and Western Ry. Co.—Trackage Rights—BN, 354 I.C.C. 605 (1978), as modified in Mendocino Coast Ry., Inc.— Lease and Operate, 360 I.C.C. 653 (1980), and any employee affected by the discontinuance of those trackage rights will be protected by the conditions set out in Oregon Short Line R. Co.—Abandonment—Goshen, 360 I.C.C. 91 (1979). This notice is filed under 49 CFR 1180.2(d)(8). If it contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the transaction. Any stay petition must be filed on or before June 11, 2008 (at least 7 days before the exemption becomes effective). Pursuant to the Consolidated Appropriations Act, 2008, Public Law No. 110–161, § 193, 121 Stat. 1844 (2007), nothing in this decision authorizes the following activities at any solid waste rail transfer facility: Collecting, storing, or transferring solid waste outside of its original shipping container; or separating or processing solid waste (including baling, crushing, compacting, and shredding). The term ‘‘solid waste’’ is defined in section 1004 of the Solid Waste Disposal Act, 42 U.S.C. 6903. An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35145, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Gabriel S. Meyer, Union Pacific Railroad Company, 1400 Douglas Street, STOP 1580, Omaha, NE 68179. Board decisions and notices are available on our Web site at http:// www.stb.dot.gov. Decided: May 28, 2008. By the Board, David M. Konschnik, Director, Office of Proceedings. Anne K. Quinlan, Acting Secretary. [FR Doc. E8–12425 Filed 6–3–08; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY rwilkins on PROD1PC63 with NOTICES Community Development Financial Institutions Fund Community Development Financial Institutions Fund, Department of the Treasury. ACTION: Request for Public Comments, Bank Enterprise Award Program. AGENCY: VerDate Aug<31>2005 16:46 Jun 03, 2008 Jkt 214001 SUMMARY: This document invites comments from the public on certain programmatic and administrative aspects of the Community Development Financial Institutions Fund’s Bank Enterprise Award (BEA) Program, pursuant to the BEA Program regulations set forth at 12 CFR part 1806 (the Interim Rule). All materials submitted will be available for public inspection and copying. DATES: All comments and submissions must be received by July 7, 2008. ADDRESSES: Comments should be sent by mail to: Depository Institutions Program Advisor, CDFI Fund, U.S. Department of the Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005; by e-mail to cdfihelp@cdfi.treas.gov; or by facsimile at (202) 622–7754. This is not a toll free number. FOR FURTHER INFORMATION CONTACT: Information regarding the CDFI Fund and its programs may be downloaded from the CDFI Fund’s Web site at http://www.cdfifund.gov. SUPPLEMENTARY INFORMATION: Through the BEA Program, the Community Development Financial Institutions Fund (CDFI Fund or the Fund) encourages Insured Depository Institutions to increase their activities in the form of loans, investments, services, and technical assistance provided within Distressed Communities, as well as investments in Community Development Financial Institutions (CDFIs) through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. The increase in these activities is measured from a Baseline Period to an Assessment Period. Each capitalized term used in this Request for Public Comments is more fully defined either in the Interim Rule or the Notice of Funds Availability for the FYs 2007 and 2008 funding rounds of the BEA Program (72 FR 189) (the NOFA). Through this notice, the CDFI Fund is seeking comments from the public regarding certain programmatic and administrative aspects of the CDFI Fund’s BEA Program. Commentators are encouraged to consider, at a minimum, the following issues: (1) Terms and Conditions of Award: Under the BEA Program, the Awardee enters into an Award Agreement with the CDFI Fund that sets forth the terms and conditions of the award. Currently, the Award Agreement does not require an Awardee to use the award for a specific purpose or activity. Furthermore, the Award Agreement does not require BEA Awardees to PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 31917 report to the Fund on the use of their awards. (a) Use of BEA Awards: The Fund is considering revisions to the BEA Program that would require Awardees to use their awards for Qualified Activities. The Fund makes BEA awards to selected Applicants that increase their Qualified Activities during a specified period. Qualified Activities are defined in the Interim Rule to include CDFI Related Activities, Distressed Community Financing Activities, and Service Activities (12 CFR 1806.103(mm)). CDFI Related Activities include Equity Investments, Equity-Like Loans, and CDFI Support Activities (12 CFR 1806.103(p)). Distressed Community Financing Activities include Affordable Housing Loans; Affordable Housing Development Loans and related Project Investments; Education Loans; Commercial Real Estate Loans and related Project Investments; Home Improvement Loans; and Small Business Loans and related Project Investments (12 CFR 1806.103(u)). Service Activities include Deposit Liabilities; Financial Services; Community Services; Targeted Financial Services; and Targeted Retail Savings/Investment Products (12 CFR 1806.103(oo)). (i) What information should the CDFI Fund collect from Awardees in order to monitor the use of BEA awards for Qualified Activities? (ii) Are there additional types of Qualified Activities that should be included in the current list of Qualified Activities? If so, please describe. Should the CDFI Fund revise the current definitions of any Qualified Activities? (iii) Are there other categories of activities in which the CDFI Fund should require Awardees to deploy their BEA awards? (iv) What is a reasonable timeframe to require Awardees to deploy BEA award proceeds as Qualified Activities? (v) How should the CDFI Fund administer this deployment requirement? Please comment on any application modifications, Award Agreement modifications, and compliance and monitoring policies that should be modified or created to support a deployment requirement. (b) BEA Award Reporting Requirements: (i) CDFI Program awardees and New Markets Tax Credit (NMTC) Program allocatees are required to report annual performance data through the CDFI Fund’s Community Investment Impact System (CIIS). CDFIs that receive a Financial Assistance award through the CDFI Program are required to provide such data for three years; NMTC E:\FR\FM\04JNN1.SGM 04JNN1 31918 Federal Register / Vol. 73, No. 108 / Wednesday, June 4, 2008 / Notices Program allocatees are required to report their activities for the entire period of their tax credit allocation period (over approximately seven years). The BEA Program has no such performance data reporting requirement. Should the CDFI Fund require BEA Awardees to report their performance activities annually through CIIS? How many years should BEA Awardees be required to report such data? (ii) The BEA Application Report of Transactions spreadsheet includes a field for Applicants to report impacts for Distressed Community Financing Activities. Currently, this reporting request is optional for Applicants. Should the Fund require Applicants to report the estimated impact for each Qualifying Activity submitted for award consideration? Should the Fund revise the current definitions of the Distressed Community Financing Activity impacts? If so, please provide relevant impact definitions for the current Qualifying Activities. (2) Eligible CDFI Partners: Currently, the CDFI Fund requires eligible CDFI Partners to submit BEA Signature Pages and Distressed Community maps for each funding round in which they receive support through an Applicant’s CDFI Related Activities. Should the CDFI Fund consider all certified CDFIs as eligible CDFI Partners, and eliminate all or any CDFI Partner submission requirements? (3) Calculating the Estimated Award Amount: The Interim Rule describes the process for selecting Applicants to receive BEA Program awards and determining award amounts. Currently there is no minimum amount for BEA awards. Should the CDFI Fund establish a minimum award threshold? If so, what should it be? Authority: 12 U.S.C. 1834a, 4703, 4703 note, 4713; 12 CFR part 1806. Dated: May 29, 2008. Donna J. Gambrell, Director, Community Development Financial Institutions Fund. [FR Doc. E8–12515 Filed 6–3–08; 8:45 am] DEPARTMENT OF THE TREASURY Fiscal Service Surety Companies Acceptable on Federal Bonds—Termination: Capital City Insurance Company, Inc Financial Management Service, Fiscal Service, Department of the Treasury. ACTION: Notice. AGENCY: SUMMARY: This is Supplement No. 15 to the Treasury Department Circular 570, 2007 Revision, published July 2, 2007, at 72 FR 36192. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874–6850. SUPPLEMENTARY INFORMATION: Notice is hereby given that the Certificate of Authority issued by the Treasury to the above-named company under 31 U.S.C. 9305 to qualify as acceptable surety on Federal bonds was terminated effective May 1, 2008. Federal bond-approving officials should annotate their reference copies of the Treasury Department Circular 570 (‘‘Circular’’), 2007 Revision, to reflect this change. With respect to any bonds currently in force with this company, bondapproving officers may let such bonds run to expiration and need not secure new bonds. However, no new bonds should be accepted from this company, and bonds that are continuous in nature should not be renewed. The Circular may be viewed and downloaded through the Internet at http://www.fms.treas.gov/c570. Questions concerning this notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782. Dated: May 29, 2008. Vivian L. Cooper, Director, Financial Accounting and Services Division. [FR Doc. E8–12427 Filed 6–3–08; 8:45 am] BILLING CODE 4810–35–M DEPARTMENT OF VETERANS AFFAIRS BILLING CODE 4810–70–P Privacy Act of 1974; System of Records rwilkins on PROD1PC63 with NOTICES AGENCY: VerDate Aug<31>2005 16:46 Jun 03, 2008 Jkt 214001 PO 00000 Department of Veterans Affairs. Frm 00110 Fmt 4703 Sfmt 4703 Notice of Amendment of System of Records; correction. ACTION: SUMMARY: The Department of Veterans Affairs (VA) published a notice in the Federal Register on May 8, 2008 (73 FR 26192), amending a system of records by renaming and renumbering the system. The document inadvertently contained two typographical errors, and this document corrects those errors. Effective Date: This correction is effective June 4, 2008. DATES: FOR FURTHER INFORMATION CONTACT: Stephania H. Putt, Veterans Health Administration (VHA), Privacy Officer, Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 20420, (704) 245–2492. We published an amendment to a system of records formerly entitled ‘‘Healthcare Eligibility Records–VA’’ (89VA19) on May 8, 2008 (73 FR 26192). That document renamed and renumbered the system of records to ‘‘Income Verification Records–VA’’ (89VA16), as well as revised the ‘‘Description of Systems of Records’’; ‘‘Routine Use Disclosures of Data in the System’’; ‘‘Categories of Records in the System’’; ‘‘Routine Uses of Records Maintained in the System’’; and ‘‘Retrievability.’’ In one place we inadvertently omitted the new system number after the new title and in two other places the old system number appears. This document corrects those errors. SUPPLEMENTARY INFORMATION: In FR Doc. E8–10230 published on May 8, 2008 (73 FR 26192), make the following corrections: On page 26193, first column, in the paragraph entitled ‘‘I. Description of Revised System of Records’’ insert the new system number ‘‘(89VA16)’’ after the end quote mark of ‘‘Income Verification Records–VA’’ (89VA16). On the same page, third column, immediately above and below the SYSTEM NAME heading remove ‘‘89VA19’’ and add, in each place, ‘‘89VA16’’. Dated: May 29, 2008. Robert C. McFetridge, Assistant to the Secretary for Regulation Policy and Management. [FR Doc. E8–12381 Filed 6–3–08; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\04JNN1.SGM 04JNN1

Agencies

[Federal Register Volume 73, Number 108 (Wednesday, June 4, 2008)]
[Notices]
[Pages 31917-31918]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-12515]


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DEPARTMENT OF THE TREASURY


Community Development Financial Institutions Fund

AGENCY: Community Development Financial Institutions Fund, Department 
of the Treasury.

ACTION: Request for Public Comments, Bank Enterprise Award Program.

-----------------------------------------------------------------------

SUMMARY: This document invites comments from the public on certain 
programmatic and administrative aspects of the Community Development 
Financial Institutions Fund's Bank Enterprise Award (BEA) Program, 
pursuant to the BEA Program regulations set forth at 12 CFR part 1806 
(the Interim Rule). All materials submitted will be available for 
public inspection and copying.

DATES: All comments and submissions must be received by July 7, 2008.

ADDRESSES: Comments should be sent by mail to: Depository Institutions 
Program Advisor, CDFI Fund, U.S. Department of the Treasury, 601 13th 
Street, NW., Suite 200 South, Washington, DC 20005; by e-mail to 
cdfihelp@cdfi.treas.gov; or by facsimile at (202) 622-7754. This is not 
a toll free number.

FOR FURTHER INFORMATION CONTACT: Information regarding the CDFI Fund 
and its programs may be downloaded from the CDFI Fund's Web site at 
http://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION: Through the BEA Program, the Community 
Development Financial Institutions Fund (CDFI Fund or the Fund) 
encourages Insured Depository Institutions to increase their activities 
in the form of loans, investments, services, and technical assistance 
provided within Distressed Communities, as well as investments in 
Community Development Financial Institutions (CDFIs) through grants, 
stock purchases, loans, deposits, and other forms of financial and 
technical assistance. The increase in these activities is measured from 
a Baseline Period to an Assessment Period. Each capitalized term used 
in this Request for Public Comments is more fully defined either in the 
Interim Rule or the Notice of Funds Availability for the FYs 2007 and 
2008 funding rounds of the BEA Program (72 FR 189) (the NOFA). Through 
this notice, the CDFI Fund is seeking comments from the public 
regarding certain programmatic and administrative aspects of the CDFI 
Fund's BEA Program. Commentators are encouraged to consider, at a 
minimum, the following issues:
    (1) Terms and Conditions of Award: Under the BEA Program, the 
Awardee enters into an Award Agreement with the CDFI Fund that sets 
forth the terms and conditions of the award. Currently, the Award 
Agreement does not require an Awardee to use the award for a specific 
purpose or activity. Furthermore, the Award Agreement does not require 
BEA Awardees to report to the Fund on the use of their awards.
    (a) Use of BEA Awards: The Fund is considering revisions to the BEA 
Program that would require Awardees to use their awards for Qualified 
Activities. The Fund makes BEA awards to selected Applicants that 
increase their Qualified Activities during a specified period. 
Qualified Activities are defined in the Interim Rule to include CDFI 
Related Activities, Distressed Community Financing Activities, and 
Service Activities (12 CFR 1806.103(mm)). CDFI Related Activities 
include Equity Investments, Equity-Like Loans, and CDFI Support 
Activities (12 CFR 1806.103(p)). Distressed Community Financing 
Activities include Affordable Housing Loans; Affordable Housing 
Development Loans and related Project Investments; Education Loans; 
Commercial Real Estate Loans and related Project Investments; Home 
Improvement Loans; and Small Business Loans and related Project 
Investments (12 CFR 1806.103(u)). Service Activities include Deposit 
Liabilities; Financial Services; Community Services; Targeted Financial 
Services; and Targeted Retail Savings/Investment Products (12 CFR 
1806.103(oo)).
    (i) What information should the CDFI Fund collect from Awardees in 
order to monitor the use of BEA awards for Qualified Activities?
    (ii) Are there additional types of Qualified Activities that should 
be included in the current list of Qualified Activities? If so, please 
describe. Should the CDFI Fund revise the current definitions of any 
Qualified Activities?
    (iii) Are there other categories of activities in which the CDFI 
Fund should require Awardees to deploy their BEA awards?
    (iv) What is a reasonable timeframe to require Awardees to deploy 
BEA award proceeds as Qualified Activities?
    (v) How should the CDFI Fund administer this deployment 
requirement? Please comment on any application modifications, Award 
Agreement modifications, and compliance and monitoring policies that 
should be modified or created to support a deployment requirement.
    (b) BEA Award Reporting Requirements:
    (i) CDFI Program awardees and New Markets Tax Credit (NMTC) Program 
allocatees are required to report annual performance data through the 
CDFI Fund's Community Investment Impact System (CIIS). CDFIs that 
receive a Financial Assistance award through the CDFI Program are 
required to provide such data for three years; NMTC

[[Page 31918]]

Program allocatees are required to report their activities for the 
entire period of their tax credit allocation period (over approximately 
seven years). The BEA Program has no such performance data reporting 
requirement. Should the CDFI Fund require BEA Awardees to report their 
performance activities annually through CIIS? How many years should BEA 
Awardees be required to report such data?
    (ii) The BEA Application Report of Transactions spreadsheet 
includes a field for Applicants to report impacts for Distressed 
Community Financing Activities. Currently, this reporting request is 
optional for Applicants. Should the Fund require Applicants to report 
the estimated impact for each Qualifying Activity submitted for award 
consideration? Should the Fund revise the current definitions of the 
Distressed Community Financing Activity impacts? If so, please provide 
relevant impact definitions for the current Qualifying Activities.
    (2) Eligible CDFI Partners: Currently, the CDFI Fund requires 
eligible CDFI Partners to submit BEA Signature Pages and Distressed 
Community maps for each funding round in which they receive support 
through an Applicant's CDFI Related Activities. Should the CDFI Fund 
consider all certified CDFIs as eligible CDFI Partners, and eliminate 
all or any CDFI Partner submission requirements?
    (3) Calculating the Estimated Award Amount: The Interim Rule 
describes the process for selecting Applicants to receive BEA Program 
awards and determining award amounts. Currently there is no minimum 
amount for BEA awards. Should the CDFI Fund establish a minimum award 
threshold? If so, what should it be?

    Authority: 12 U.S.C. 1834a, 4703, 4703 note, 4713; 12 CFR part 
1806.

    Dated: May 29, 2008.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
 [FR Doc. E8-12515 Filed 6-3-08; 8:45 am]
BILLING CODE 4810-70-P