Community Development Financial Institutions Fund; Proposed Collection; Comment Request, 20780-20781 [E9-10350]

Download as PDF 20780 Federal Register / Vol. 74, No. 85 / Tuesday, May 5, 2009 / Notices record and subject to public disclosure. You should submit only information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Michelle Greene, Designated Federal Officer, President’s Economic Recovery Advisory Board, Office of the Under Secretary for Domestic Finance, Department of the Treasury, Main Department Building, 1500 Pennsylvania Avenue, NW., Washington, DC 20220, at (202) 622– 2610. SUPPLEMENTARY INFORMATION: In accordance with Section 10(a) of the Federal Advisory Committee Act, 5 U.S.C. App. II, § 10(a), and the regulations thereunder, Michelle Greene, Designated Federal Officer of the Advisory Board, has ordered publication of this notice that the PERAB will convene its first meeting on May 20, 2009, in the White House, 1600 Pennsylvania Avenue, NW., Washington, DC, beginning at 1 p.m. Eastern Time. The meeting will be open to the public. While the meeting room will accommodate a reasonable number of interested members of the public, space is limited. Because the meeting will be held in a secured facility, members of the public who plan to attend the meeting must contact the Office of the Under Secretary for Domestic Finance, at (202) 622–2610, by 5 p.m. Eastern Time May 13, 2009, to inform the Department of the desire to attend the meeting and to provide the information that will be required to facilitate entry into the White House. The purpose of this meeting is to discuss general organizational matters of the PERAB and begin discussing the issues impacting the strength and competitiveness of the Nation’s economy. Dated: April 30, 2009. Andrew Mayock, Executive Secretary. [FR Doc. E9–10429 Filed 5–1–09; 11:15 am] BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund; Proposed Collection; Comment Request ACTION: Notice and request for comments. SUMMARY: The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this VerDate Nov<24>2008 23:12 May 04, 2009 Jkt 217001 opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law No. 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 ‘‘New Markets Tax Credit (NMTC) Program— Community Development Entity (CDE) Certification Application’’ (hereafter, the Application). DATES: Written comments should be received on or before July 6, 2009 to be assured of consideration. ADDRESSES: Direct all comments to Christopher J. Stever, Certification and Training Program Manager, Community Development Financial Institutions 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 to (202) 622–7754. Please note that this is not a toll free number. FOR FURTHER INFORMATION CONTACT: The Application may be obtained from the Fund’s Web site at http:// www.cdfifund.gov. Requests for additional information should be directed to Christopher J. Stever, Certification and Training Program Manager, Community Development Financial Institutions 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 to (202) 622–7754. Please note that this is not a toll free number. SUPPLEMENTARY INFORMATION: Title: New Markets Tax Credit (NMTC) Program—Community Development Entity (CDE) Certification Application. OMB Number: 1559–0014. Abstract: Title I, subtitle C, section 121 of the Community Renewal Tax Relief Act of 2000 (the Act), as enacted in the Consolidated Appropriations Act, 2001 (Pub. L. No. 106–554, December 21, 2000), amended the Internal Revenue Code (IRC) by adding IRC 45D and created the NMTC Program. The Department of the 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 PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 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. 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 low-income persons; and (2) maintains accountability to residents of low-income communities through their representation on any governing or advisory board of the entity. Current Actions: Currently receiving and processing CDE certification applications. Type of review: Extension. Affected Public: CDEs and entities seeking CDE certification, including business or other for-profit institutions, nonprofit entities, and State, local and Tribal entities. Estimated Number of Respondents: 300. Estimated Annual Time Per Respondent: 4 hours. Estimated Total Annual Burden Hours: 1,200 hours. Requests For Comments: Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval. All comments will become a matter of public record and may be published on the Fund’s Web site at http://www.cdfifund.gov. 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. The Fund specifically requests comments concerning ways the process of certification for subsidiary CDEs can be simplified. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Authority: 26 U.S.C. 45D; 31 U.S.C. 321; 26 CFR 1.45D–1. E:\FR\FM\05MYN1.SGM 05MYN1 Federal Register / Vol. 74, No. 85 / Tuesday, May 5, 2009 / Notices Dated: April 29, 2009. Donna Gambrell, Director, Community Development Financial Institutions Fund. [FR Doc. E9–10350 Filed 5–4–09; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF VETERANS AFFAIRS Joint Biomedical Laboratory Research and Development and Clinical Science Research and Development Services Scientific Merit Review Board; Notice of Meeting—Amendment The Department of Veterans Affairs gives notice under the Public Law 92– VerDate Nov<24>2008 23:12 May 04, 2009 Jkt 217001 463 (Federal Advisory Committee Act) that the teleconference meeting for the Cellular & Molecular Medicine subcommittee of the Joint Biomedical Laboratory Research and Development and Clinical Science Research and Development Services Scientific Merit Review Board has been changed from May 13, 2009, to May 26, 2009 at VA Central Office, 1722 Eye Street, NW., Washington, DC. Those who plan to attend or would like to obtain a copy of minutes of the subcommittee meeting and roster of the members of the subcommittee should contact LeRoy G. Frey, PhD, Chief, Program Review (121F), Department of Veterans Affairs, 810 Vermont Avenue, PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 20781 NW., Washington, DC 20420 at (202) 461–1664. Dated: April 23, 2009. By Direction of the Secretary. E. Philip Riggin, Committee Management Officer. [FR Doc. E9–10298 Filed 5–4–09; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\05MYN1.SGM 05MYN1

Agencies

[Federal Register Volume 74, Number 85 (Tuesday, May 5, 2009)]
[Notices]
[Pages 20780-20781]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-10350]


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DEPARTMENT OF THE TREASURY


Community Development Financial Institutions Fund; Proposed 
Collection; Comment Request

ACTION: Notice and request for comments.

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

SUMMARY: The U.S. Department of the 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 No. 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 ``New 
Markets Tax Credit (NMTC) Program--Community Development Entity (CDE) 
Certification Application'' (hereafter, the Application).

DATES: Written comments should be received on or before July 6, 2009 to 
be assured of consideration.

ADDRESSES: Direct all comments to Christopher J. Stever, Certification 
and Training Program Manager, Community Development Financial 
Institutions 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 to (202) 622-7754. Please note 
that this is not a toll free number.

FOR FURTHER INFORMATION CONTACT: The Application may be obtained from 
the Fund's Web site at http://www.cdfifund.gov. Requests for additional 
information should be directed to Christopher J. Stever, Certification 
and Training Program Manager, Community Development Financial 
Institutions 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 to (202) 622-7754. Please note 
that this is not a toll free number.

SUPPLEMENTARY INFORMATION: 
    Title: New Markets Tax Credit (NMTC) Program--Community Development 
Entity (CDE) Certification Application.
    OMB Number: 1559-0014.
    Abstract: Title I, subtitle C, section 121 of the Community Renewal 
Tax Relief Act of 2000 (the Act), as enacted in the Consolidated 
Appropriations Act, 2001 (Pub. L. No. 106-554, December 21, 2000), 
amended the Internal Revenue Code (IRC) by adding IRC 45D and created 
the NMTC Program. The Department of the 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. 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 low-income persons; and (2) maintains 
accountability to residents of low-income communities through their 
representation on any governing or advisory board of the entity.
    Current Actions: Currently receiving and processing CDE 
certification applications.
    Type of review: Extension.
    Affected Public: CDEs and entities seeking CDE certification, 
including business or other for-profit institutions, nonprofit 
entities, and State, local and Tribal entities.
    Estimated Number of Respondents: 300.
    Estimated Annual Time Per Respondent: 4 hours.
    Estimated Total Annual Burden Hours: 1,200 hours.
    Requests For Comments: Comments submitted in response to this 
notice will be summarized and/or included in the request for Office of 
Management and Budget approval. All comments will become a matter of 
public record and may be published on the Fund's Web site at http://www.cdfifund.gov. 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. The Fund specifically requests 
comments concerning ways the process of certification for subsidiary 
CDEs can be simplified.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number.

    Authority:  26 U.S.C. 45D; 31 U.S.C. 321; 26 CFR 1.45D-1.


[[Page 20781]]


    Dated: April 29, 2009.
Donna Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. E9-10350 Filed 5-4-09; 8:45 am]
BILLING CODE 4810-70-P