Community Volunteer Income Tax Assistance (VITA) Matching Grant Program-Availability of Application Packages; Correction, 25314-25315 [2010-10974]
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jlentini on DSKJ8SOYB1PROD with NOTICES
25314
Federal Register / Vol. 75, No. 88 / Friday, May 7, 2010 / Notices
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 this is
not a toll free number.
SUPPLEMENTARY INFORMATION:
Title: CDFI Program and NMTC
Program Annual Report including CIIS.
OMB Number: 1559–0027.
Abstract: The mission is to expand
the capacity of financial institutions to
provide credit, capital and financial
services to underserved populations and
communities in the United States. The
CDFI Fund’s strategic goal is to improve
the economic conditions of underserved
communities by providing capital and
technical assistance to CDFIs, capital to
insured depository institutions, and
NMTC allocations to Community
Development Entities (CDEs), which
provide credit, capital, financial
services, and development services to
these markets. The CDFI Fund certifies
entities as CDFIs and/or CDEs.
Annual Reporting Requirements: The
Annual Report consists of quantitative
information at the institution and
transaction levels for CDFIs and CDEs
and is used to assess: (1) The awardee’s/
allocatee’s activities as detailed in its
application materials; (2) the awardee’s/
allocatee’s approved use of the
assistance; (3) the awardee’s/allocatee’s
financial condition; (4) the socioeconomic characteristics of awardee’s/
allocatee’s borrowers/investees, loan
and investment terms, repayment status,
and community development impacts;
and (4) overall compliance with the
terms and conditions of the assistance/
allocation agreement entered into by the
CDFI Fund and the awardee/allocatee.
A CDFI Program awardee or a NACA
Program awardee must submit an
Annual Report that comprises several
sections, depending on the program and
the type of award. The specific
components that comprise an awardee’s
Annual Report are set forth in the
assistance agreement that the awardee
enters into with the CDFI Fund in order
to receive a CDFI Program or a NACA
Program award. In summary:
1. A CDFI Program or NACA/NATA
Program awardee that is a non-regulated
entity and that receives Financial
Assistance (FA) only must submit an
Annual Report that comprises: (i) A
Financial Report (Financial Statement)
reviewed or audited by an independent
certified public accountant; (ii) Single
Audit A–133 (if applicable); (iii) an
Institution Level Report (ILR) and a
Transaction Level Report (TLR) (which
include, among others, questions that
measure the awardee’s achievement of
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19:19 May 06, 2010
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the Performance Goals and Measures set
forth in its assistance agreement); (iv) a
Uses of Financial Assistance and
Matching Funds Report; and (v) an
Explanation of Noncompliance (if
applicable).
2. A CDFI Program or NACA Program
awardee that is a regulated entity and
that receives FA only must submit an
Annual Report that comprises: (i) An
ILR and a TLR; (ii) a Uses of Financial
Assistance and Matching Funds Report;
(iii) an Explanation of Noncompliance
(if applicable); and (iv) a Single Audit
A–133 (if applicable).
3. A CDFI Program or NACA Program
awardee that receives an award from the
CDFI Fund that is in the form of an
equity investment must also submit a
Shareholder Report.
4. A CDFI Program or NACA Program
awardee that receives Technical
Assistance (TA) must submit an Annual
Report that comprises: (i) The
documents set forth in either (1) or (2)
above, as applicable, if the awardee also
receives FA; (ii) Uses of Technical
Assistance Report; and (iii) OMB form
269A (Financial Status Report), which
can be found on the website at https://
www.cdfifund.gov.
A NMTC Program allocatee must
submit an Annual Report that
comprises: (i) A financial statement that
has been audited by an independent
certified public accountant; (ii) an ILR
(including the IRS Compliance
Questions section), if the allocatee has
issued any Qualified Equity
Investments; and (iii) a TLR if the
allocatee has issued any Qualified LowIncome Community Investments in the
form of loans or investments. The
components that comprise an allocatee’s
Annual Report are set forth in the
allocation agreement that the allocatee
enters into with the CDFI Fund in order
to receive a NMTC Program allocation.
Current Action: Extension of a
currently approved collection.
Type of review: Regular review.
Affected Public: Not-for-profit
institutions, businesses or other forprofit institutions and tribal entities.
Estimated Number of Annual
Respondents:
CDFI Annual ILR only: 75
CDFI Annual TLR and ILR: 159
NMTC Annual Report: 207
Burden per Report Type:
CDFI Program TA awardees Estimated
Time Burden: 22 hours
CDFI Program FA ILR only awardees
Estimated Time Burden: 32 hours
CDFI Program FA TLR/ILR awardees
Estimated Time Burden: 64 hours
NMTC Program allocatees Estimated
Time Burden: 65 hours
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Total Estimated Burden per Reporting
Type:
CDFI Program TA reports: 1,518 hours
CDFI Program FA ILR only reports:
2,400 hours
CDFI Program FA TLR/ILR reports:
10,176 hours
NMTC Program CDE reports: 13,455
hours
Estimated Total Annual Burden
Hours = 27,549 hours
Request 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
all aspects of the information
collections, but commentators may wish
to focus particular attention on: (a) The
cost for CDFIs and CDEs to operate and
maintain the services/systems required
to provide the required information; (b)
ways to enhance the quality, utility, and
clarity of the information to be
collected; (c) whether the collection of
information is necessary for the proper
evaluation of the effectiveness and
impact of the CDFI Fund’s programs,
including whether the information shall
have practical utility; (d) the accuracy of
the CDFI Fund’s estimate of the burden
of the collection of information; (e) ways
to minimize the burden of the collection
of information including through the
use of technology, such as software for
internal accounting and geocoding to
capture geographic detail while
streamlining and aggregating TLR
reporting for upload to CIIS, and; (f)
what methods might be used to improve
the data quality, internal accounting and
efficiency of reporting transactions for
serving other targeted populations.
Authority: 12 U.S.C.4707 et seq.; 26 U.S.C.
45D; 12 CFR part 1805.
Dated: May 3, 2010.
Donna J. Gambrell,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2010–10867 Filed 5–6–10; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Community Volunteer Income Tax
Assistance (VITA) Matching Grant
Program—Availability of Application
Packages; Correction
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Correction to a notice.
E:\FR\FM\07MYN1.SGM
07MYN1
Federal Register / Vol. 75, No. 88 / Friday, May 7, 2010 / Notices
SUMMARY: This document contains a
correction to a notice of the Community
Volunteer Income Tax Assistance
(VITA) Matching Grant Program, which
was published in the Federal Register
on Wednesday, April 28, 2010 (75 FR
22437). This notice provides notice of
the availability of application packages
for the 2011 Community Volunteer
Income Tax Assistance (VITA) Matching
Grant Program.
FOR FURTHER INFORMATION CONTACT: The
Grant Program Office at (404) 338–7894
(not a toll free number) or by e-mail at
Grant.Program.Office@irs.gov.
SUPPLEMENTARY INFORMATION:
Background
Authority for the 2011 Community
Volunteer Income Tax Assistance
(VITA) Matching Grant Demonstration
Program for tax return preparation is
contained in the Consolidated
Appropriation Act, 2010, Public Law
111–117, signed December 16, 2009.
Need for Correction
As published, the notice of the
Community Volunteer Income Tax
Assistance (VITA) Matching Grant
Program contains an error which may
prove to be misleading and is in need
of clarification.
Correction of Publication
jlentini on DSKJ8SOYB1PROD with NOTICES
Accordingly, the publication of the
Community Volunteer Income Tax
Assistance (VITA) Matching Grant
Program, which was the subject of FR
Doc. 2010–9771, is corrected as follows:
On page 22437, column 1, under the
caption DATES: The language
‘‘Application packages are available
from the IRS at this time. The deadline
for submitting an application to the IRS
for the Community VITA Matching
Grant Program is July 9, 2010.’’ is
corrected to read ‘‘Application packages
are available from the IRS beginning
June 1, 2010. The deadline for
submitting an application to the IRS for
the Community VITA Matching Grant
Program is July 9, 2010.’’.
LaNita Van Dyke,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
[FR Doc. 2010–10974 Filed 5–6–10; 8:45 am]
BILLING CODE 4830–01–P
19:19 May 06, 2010
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Notice of meeting.
DEPARTMENT OF THE TREASURY
ACTION:
Internal Revenue Service
SUMMARY: An open meeting of the Area
6 Taxpayer Advocacy Panel will be
conducted. The Taxpayer Advocacy
Panel is soliciting public comment,
ideas, and suggestions on improving
customer service at the Internal Revenue
Service.
DATES: The meeting will be held
Tuesday, June 1, 2010.
FOR FURTHER INFORMATION CONTACT:
Janice Spinks at 1–888–912–1227 or
206–220–6098.
SUPPLEMENTARY INFORMATION: Notice is
hereby given pursuant to Section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that an open meeting of the Area 6
Taxpayer Advocacy Panel will be held
Tuesday, June 1, 2010, at 1 p.m. Pacific
Time via telephone conference. The
public is invited to make oral comments
or submit written statements for
consideration. Due to limited
conference lines, notification of intent
to participate must be made with Janice
Spinks. For more information, please
contact Ms. Spinks at 1–888–912–1227
or 206–220–6098, or write TAP Office,
915 2nd Avenue, MS W–406, Seattle,
WA 98174 or post comments to the Web
site: https://www.improveirs.org.
The agenda will include various IRS
issues.
Open Meeting of the Area 5 Taxpayer
Advocacy Panel (Including the States
of Iowa, Kansas, Minnesota, Missouri,
Nebraska, Oklahoma, and Texas)
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
SUMMARY: An open meeting of the Area
5 Taxpayer Advocacy Panel will be
conducted. The Taxpayer Advocacy
Panel is soliciting public comments,
ideas, and suggestions on improving
customer service at the Internal Revenue
Service.
DATES: The meeting will be held
Sunday, June 6, 2010, Monday, June 7,
2010 and Tuesday, June 8, 2010.
FOR FURTHER INFORMATION CONTACT:
Patricia Robb at 1–888–912–1227 or
414–231–2360.
SUPPLEMENTARY INFORMATION: Notice is
hereby given pursuant to Section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that a meeting of the Area 5 Taxpayer
Advocacy Panel will be held Sunday,
June 6, 2010 from 1 p.m. to 5 p.m.,
Monday, June 7, 2010 from 8 a.m. to 5
p.m., and Tuesday, June 8, 2010 from 8
a.m. to 12 p.m. Central Time in
Minneapolis, MN. The public is invited
to make oral comments or submit
written statements for consideration.
Notification of intent to participate must
be made with Patricia Robb. For more
information please contact Ms. Robb at
1–888–912–1227 or 414–231–2360, or
write TAP Office Stop 1006MIL, 211
West Wisconsin Avenue, Milwaukee,
WI 53203–2221, or post comments to
the Web site: https://www.improveirs.org.
The agenda will include various IRS
issues.
Dated: May 3, 2010.
Shawn F. Collins,
Director, Taxpayer Advocacy Panel.
[FR Doc. 2010–10740 Filed 5–6–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Area 6 Taxpayer
Advocacy Panel (Including the States
of Arizona, Colorado, Idaho, Montana,
New Mexico, North Dakota, Oregon,
South Dakota, Utah, Washington, and
Wyoming)
AGENCY: Internal Revenue Service (IRS),
Treasury.
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25315
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Fmt 4703
Sfmt 4703
Dated: May 3, 2010.
Shawn F. Collins,
Director, Taxpayer Advocacy Panel.
[FR Doc. 2010–10738 Filed 5–6–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Area 7 Taxpayer
Advocacy Panel (Including the States
of Alaska, California, Hawaii, and
Nevada)
AGENCY: Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
SUMMARY: An open meeting of the Area
7 Taxpayer Advocacy Panel will be
conducted. The Taxpayer Advocacy
Panel is soliciting public comments,
ideas, and suggestions on improving
customer service at the Internal Revenue
Service.
DATES: The meeting will be held
Monday, June 7, 2010 and Tuesday,
June 8, 2010.
FOR FURTHER INFORMATION CONTACT:
Janice Spinks at 1–888–912–1227 or
206–220–6098.
E:\FR\FM\07MYN1.SGM
07MYN1
]]>Agencies
[Federal Register Volume 75, Number 88 (Friday, May 7, 2010)]
[Notices]
[Pages 25314-25315]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-10974]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Community Volunteer Income Tax Assistance (VITA) Matching Grant
Program--Availability of Application Packages; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Correction to a notice.
-----------------------------------------------------------------------
[[Page 25315]]
SUMMARY: This document contains a correction to a notice of the
Community Volunteer Income Tax Assistance (VITA) Matching Grant
Program, which was published in the Federal Register on Wednesday,
April 28, 2010 (75 FR 22437). This notice provides notice of the
availability of application packages for the 2011 Community Volunteer
Income Tax Assistance (VITA) Matching Grant Program.
FOR FURTHER INFORMATION CONTACT: The Grant Program Office at (404) 338-
7894 (not a toll free number) or by e-mail at
Grant.Program.Office@irs.gov.
SUPPLEMENTARY INFORMATION:
Background
Authority for the 2011 Community Volunteer Income Tax Assistance
(VITA) Matching Grant Demonstration Program for tax return preparation
is contained in the Consolidated Appropriation Act, 2010, Public Law
111-117, signed December 16, 2009.
Need for Correction
As published, the notice of the Community Volunteer Income Tax
Assistance (VITA) Matching Grant Program contains an error which may
prove to be misleading and is in need of clarification.
Correction of Publication
Accordingly, the publication of the Community Volunteer Income Tax
Assistance (VITA) Matching Grant Program, which was the subject of FR
Doc. 2010-9771, is corrected as follows:
On page 22437, column 1, under the caption DATES: The language
``Application packages are available from the IRS at this time. The
deadline for submitting an application to the IRS for the Community
VITA Matching Grant Program is July 9, 2010.'' is corrected to read
``Application packages are available from the IRS beginning June 1,
2010. The deadline for submitting an application to the IRS for the
Community VITA Matching Grant Program is July 9, 2010.''.
LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2010-10974 Filed 5-6-10; 8:45 am]
BILLING CODE 4830-01-P
