Community Development Financial Institutions Fund Proposed Collection; Comment Request, 64292-64293 [2013-25318]

Download as PDF 64292 Federal Register / Vol. 78, No. 208 / Monday, October 28, 2013 / Notices wreier-aviles on DSK5TPTVN1PROD with NOTICES RETAC may also include up to two members with relevant experience but not necessarily affiliated with one of the aforementioned industries or sectors. Members are selected by the Chairman of the Board with the concurrence of a majority of the Board. The Chairman may invite representatives from the U.S. Departments of Agriculture, Energy, and Transportation and the Federal Energy Regulatory Commission to serve on RETAC in advisory capacities as ex officio (non-voting) members. The three members of the Board serve as ex officio members of the Committee. RETAC meets at least twice per year. Meetings are generally held at the Board’s headquarters in Washington, DC, but may be held in other locations. Members of RETAC serve without compensation and without reimbursement of travel expenses unless reimbursement of such expenses is authorized in advance by the Board’s Managing Director. RETAC members appointed or reappointed after June 18, 2010, are prohibited from serving as federally registered lobbyists during their RETAC term. The Board is soliciting nominations for a candidate to fill one vacancy on RETAC for a representative from an electric utility for a three-year term ending September 30, 2016. Nominations for a candidate to fill this vacancy should be submitted in letter form and should include: (1) The name of the candidate; (2) the interest the candidate will represent; (3) a summary of the candidate’s experience and qualifications for the position; (4) a representation that the candidate is willing to serve as a member of RETAC; and (5) a representation that the candidate is not a federally registered lobbyist. Suggestions for a candidate for membership on RETAC should be filed with the Board by November 27, 2013. Please note that submissions will be available to the public at the Board’s offices and posted on the Board’s Web site under Docket No. EP 670 (Sub-No. 2). This action will not significantly affect either the quality of the human environment or the conservation of energy resources. Authority: 49 U.S.C. 721; 49 U.S.C. 11101; 49 U.S.C. 11121. Decided: October 22, 2013. By the Board, Rachel D. Campbell, Director, Office of Proceedings. Derrick A. Gardner, Clearance Clerk. [FR Doc. 2013–25317 Filed 10–25–13; 8:45 am] BILLING CODE 4915–01–P VerDate Mar<15>2010 14:52 Oct 25, 2013 Jkt 232001 DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Proposed Collection; Comment Request Notice and request for comments. ACTION: 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 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions (CDFI) Fund, Department of the Treasury, is soliciting comments concerning the Qualified Issuer Application, the Guarantee Application, and the Secondary Loan Requirements for the Community Development Financial Institutions (CDFI) Bond Guarantee Program. DATES: Written comments should be received on or before December 27, 2013 to be assured of consideration. ADDRESSES: Direct all comments to Lisa Jones, CDFI Bond Guarantee Program Manager, at the Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20020 by email to bgp@ cdfi.treas.gov or by facsimile to (202) 508–0083. Please note this is not a toll free number. FOR FURTHER INFORMATION CONTACT: The applications for the CDFI Bond Guarantee Program, as well as the Secondary Loan Requirements, may be obtained from the CDFI Bond Guarantee Program page of the CDFI Fund’s Web site at https://www.cdfifund.gov. Requests for additional information should be directed to Lisa Jones, CDFI Bond Guarantee Program Manager, at the Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20020 by email to bgp@cdfi.treas.gov or by facsimile to (202) 508–0083. Please note this is not a toll free number. SUPPLEMENTARY INFORMATION: Title: CDFI Bond Guarantee Program Qualified Issuer Application, Guarantee Application, and Secondary Loan Requirements. OMB Number: 1559–0044. Abstract: The purpose of the CDFI Bond Guarantee Program is to support CDFI lending by providing Guarantees SUMMARY: PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 for Bonds issued by Qualified Issuers as part of a Bond Issue for Eligible Community or Economic Development Purposes. The CDFI Bond Guarantee Program provides CDFIs with a new source of long-term capital and further the mission of the CDFI Fund to increase economic opportunity and promote community development investments for underserved populations and distressed communities in the United States. The CDFI Fund achieves its mission by promoting access to capital and local economic growth by investing in, supporting, and training CDFIs. Under the CDFI Bond Guarantee Program, an applicant apply to be approved as a Qualified Issuer (QI) by completing and submitting the Qualified Issuer Application (QI Application). A Qualified Issuer must submit a Guarantee Application in order to be approved for a Guarantee under the program. Applicants are required to provide financial and program related information and, subject to approval, will enter into agreements that require the collection of reports that will be used for credit underwriting, compliance monitoring and program evaluation purposes. The application information is required in order for program management to evaluate an applicant’s capacity to effectively execute its obligations under the Bond Documents. Compliance with the Secondary Loan Requirements is required for an Eligible CDFI to make a Secondary Loan through the program. It is by attesting to the Secondary Loan Requirements that the Eligible CDFI demonstrates and makes representations with regard to its organizational competence in the evaluation and underwriting of the operational and financial requirements of the proposed projects to which it desires to provide financial support using bond loan proceeds. Current Actions: Revision of a currently approved collection. Type of Review: Regular Review. Affected Public: Certified CDFIs and entities seeking to become Qualified Issuers. Estimated Number of Qualified Issuer Respondents: 20. Estimated Annual Time per Qualified Issuer Respondent: 240 hours. Estimated Number of Guarantee Application Respondents: 50. Estimated Annual Time per Guarantee Application Respondent: 50 hours. Estimated Number of Secondary Loan Requirement Respondents: 20. E:\FR\FM\28OCN1.SGM 28OCN1 Federal Register / Vol. 78, No. 208 / Monday, October 28, 2013 / Notices wreier-aviles on DSK5TPTVN1PROD with NOTICES Estimated Annual Time per Secondary Loan Requirement Respondent: 50. Estimated Total Annual Burden Hours: 8,300 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 CDFI Fund Web site at https://www.cdfifund.gov. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the CDFI Fund, including whether the information shall have practical utility; (b) the accuracy of the CDFI Fund’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 to provide information. The CDFI Fund specifically requests comments concerning the following questions: (1) Are the revised drafts of the Qualified Issuer Application and Guarantee Application clearer and more streamlined than the applications used for the FY 2013 round? (2) Is there additional information or instructions that the CDFI Fund should provide to clarify the application process? (3) Are there additional or alternative data that the CDFI Fund should request in order to consider different institution types that may be eligible to serve as Qualified Issuers? (4) Do the Qualified Issuer Application and Guarantee Application ask the appropriate questions to determine an applicant’s financial health and viability? (5) Are there additional asset classes that should be included for purposes of Secondary Loan Requirements? (6) How should the Secondary Loan Requirements be modified to reduce the burden of program participation? Authority: 12 U.S.C. 1834a, 4703, 4703 note, 4713, 4717; 31 U.S.C. 321; 12 CFR part 1808. Dated: October 23, 2013. Dawn D. Wolfgang, Treasury PRA Clearance Officer. [FR Doc. 2013–25318 Filed 10–25–13; 8:45 am] BILLING CODE 4810–70–P VerDate Mar<15>2010 14:52 Oct 25, 2013 Jkt 232001 DEPARTMENT OF THE TREASURY Internal Revenue Service [Form 1120–RIC] Proposed Collection; Comment Request Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The 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. Currently, the IRS is soliciting comments concerning Form 1120–RIC, U.S. Income Tax Return for Regulated Investment Companies. DATES: Written comments should be received on or before December 27, 2013 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette Lawrence, Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Katherine Dean, Katherine.b.dean@irs.gov. SUPPLEMENTARY INFORMATION: Title: U.S. Income Tax Return for Regulated Investment Companies. OMB Number: 1545–1010. Form Number: 1120–RIC. Abstract: Internal Revenue Code sections 851 through 855 provide rules for the taxation of a domestic corporation that meets certain requirements and elects to be taxed as a regulated investment company. Form 1120–RIC is filed by a domestic corporation making such an election in order to report its income and deductions and to compute its tax liability. The IRS uses the information on Form 1120–RIC to determine whether the corporation’s income, deductions, credits, and tax have been correctly reported. Current Actions: There are no changes being made to the form at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 3,605. Estimated Time per Respondent: 114 hours, 23 minutes. Estimated Total Annual Burden Hours: 374,824. SUMMARY: PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 64293 The following paragraph applies to all of the collections of information covered by this notice: 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. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. 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: (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 automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: September 3, 2013. Yvette Lawrence, OMB Reports Clearance Officer. [FR Doc. 2013–25286 Filed 10–25–13; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: An open meeting of the Taxpayer Advocacy Panel Tax Forms and Publications Project Committee 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 Wednesday, November 13, 2013. SUMMARY: E:\FR\FM\28OCN1.SGM 28OCN1

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[Federal Register Volume 78, Number 208 (Monday, October 28, 2013)]
[Notices]
[Pages 64292-64293]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-25318]


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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 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the Community Development Financial 
Institutions (CDFI) Fund, Department of the Treasury, is soliciting 
comments concerning the Qualified Issuer Application, the Guarantee 
Application, and the Secondary Loan Requirements for the Community 
Development Financial Institutions (CDFI) Bond Guarantee Program.

DATES: Written comments should be received on or before December 27, 
2013 to be assured of consideration.

ADDRESSES: Direct all comments to Lisa Jones, CDFI Bond Guarantee 
Program Manager, at the Community Development Financial Institutions 
Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., 
Washington, DC 20020 by email to bgp@cdfi.treas.gov or by facsimile to 
(202) 508-0083. Please note this is not a toll free number.

FOR FURTHER INFORMATION CONTACT: The applications for the CDFI Bond 
Guarantee Program, as well as the Secondary Loan Requirements, may be 
obtained from the CDFI Bond Guarantee Program page of the CDFI Fund's 
Web site at https://www.cdfifund.gov. Requests for additional 
information should be directed to Lisa Jones, CDFI Bond Guarantee 
Program Manager, at the Community Development Financial Institutions 
Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue NW., 
Washington, DC 20020 by email to bgp@cdfi.treas.gov or by facsimile to 
(202) 508-0083. Please note this is not a toll free number.

SUPPLEMENTARY INFORMATION:
    Title: CDFI Bond Guarantee Program Qualified Issuer Application, 
Guarantee Application, and Secondary Loan Requirements.
    OMB Number: 1559-0044.
    Abstract: The purpose of the CDFI Bond Guarantee Program is to 
support CDFI lending by providing Guarantees for Bonds issued by 
Qualified Issuers as part of a Bond Issue for Eligible Community or 
Economic Development Purposes. The CDFI Bond Guarantee Program provides 
CDFIs with a new source of long-term capital and further the mission of 
the CDFI Fund to increase economic opportunity and promote community 
development investments for underserved populations and distressed 
communities in the United States. The CDFI Fund achieves its mission by 
promoting access to capital and local economic growth by investing in, 
supporting, and training CDFIs.
    Under the CDFI Bond Guarantee Program, an applicant apply to be 
approved as a Qualified Issuer (QI) by completing and submitting the 
Qualified Issuer Application (QI Application). A Qualified Issuer must 
submit a Guarantee Application in order to be approved for a Guarantee 
under the program. Applicants are required to provide financial and 
program related information and, subject to approval, will enter into 
agreements that require the collection of reports that will be used for 
credit underwriting, compliance monitoring and program evaluation 
purposes. The application information is required in order for program 
management to evaluate an applicant's capacity to effectively execute 
its obligations under the Bond Documents.
    Compliance with the Secondary Loan Requirements is required for an 
Eligible CDFI to make a Secondary Loan through the program. It is by 
attesting to the Secondary Loan Requirements that the Eligible CDFI 
demonstrates and makes representations with regard to its 
organizational competence in the evaluation and underwriting of the 
operational and financial requirements of the proposed projects to 
which it desires to provide financial support using bond loan proceeds.
    Current Actions: Revision of a currently approved collection.
    Type of Review: Regular Review.
    Affected Public: Certified CDFIs and entities seeking to become 
Qualified Issuers.
    Estimated Number of Qualified Issuer Respondents: 20.
    Estimated Annual Time per Qualified Issuer Respondent: 240 hours.
    Estimated Number of Guarantee Application Respondents: 50.
    Estimated Annual Time per Guarantee Application Respondent: 50 
hours.
    Estimated Number of Secondary Loan Requirement Respondents: 20.

[[Page 64293]]

    Estimated Annual Time per Secondary Loan Requirement Respondent: 
50.
    Estimated Total Annual Burden Hours: 8,300 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 CDFI Fund Web site at https://www.cdfifund.gov. Comments are invited on: (a) Whether the collection 
of information is necessary for the proper performance of the functions 
of the CDFI Fund, including whether the information shall have 
practical utility; (b) the accuracy of the CDFI Fund'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 to provide information.
    The CDFI Fund specifically requests comments concerning the 
following questions:
    (1) Are the revised drafts of the Qualified Issuer Application and 
Guarantee Application clearer and more streamlined than the 
applications used for the FY 2013 round?
    (2) Is there additional information or instructions that the CDFI 
Fund should provide to clarify the application process?
    (3) Are there additional or alternative data that the CDFI Fund 
should request in order to consider different institution types that 
may be eligible to serve as Qualified Issuers?
    (4) Do the Qualified Issuer Application and Guarantee Application 
ask the appropriate questions to determine an applicant's financial 
health and viability?
    (5) Are there additional asset classes that should be included for 
purposes of Secondary Loan Requirements?
    (6) How should the Secondary Loan Requirements be modified to 
reduce the burden of program participation?

    Authority: 12 U.S.C. 1834a, 4703, 4703 note, 4713, 4717; 31 
U.S.C. 321; 12 CFR part 1808.

    Dated: October 23, 2013.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-25318 Filed 10-25-13; 8:45 am]
BILLING CODE 4810-70-P
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