Reporting and Recordkeeping Requirements Under OMB Review, 74217-74218 [2013-29372]

Agencies

• SMALL BUSINESS ADMINISTRATION

[Federal Register Volume 78, Number 237 (Tuesday, December 10, 2013)]
[Notices]
[Pages 74217-74218]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-29372]


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SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: 30-Day Notice.

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SUMMARY: The Small Business Administration (SBA) is publishing this 
notice to comply with requirements of the Paperwork Reduction Act (PRA) 
(44 U.S.C. Chapter 35), which requires agencies to submit proposed 
reporting and recordkeeping requirements to OMB for review and 
approval, and to publish a notice in the Federal Register notifying the 
public that the agency has made such a submission. This notice also 
allows an additional 30 days for public comments.

DATES: Submit comments on or before January 9, 2014.

ADDRESSES: Comments should refer to the information collection by name 
and/or OMB Control Number and should be sent to: Agency Clearance 
Officer, Curtis Rich, Small Business Administration, 409 3rd Street 
SW., 5th Floor, Washington, DC 20416; and SBA Desk Officer, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Curtis Rich, Agency Clearance Officer, 
(202) 205-7030 curtis.rich@sba.gov.
    Copies: A copy of the Form OMB 83-1, supporting statement, and 
other documents submitted to OMB for review may be obtained from the 
Agency Clearance Officer.

SUPPLEMENTARY INFORMATION: The Small Business Investment Act authorizes 
SBA to guarantee a debenture issued by a Certified Development Company 
(CDC) participating in SBA's 504 Loan Program. The proceeds from each 
debenture are used to fund loans (``504 loans'') to eligible small 
business concerns (SBCs). 15 U.S.C. 697(a). The first information 
collection described below, SBA Form 1244 (OMB Control Number 3245-
0071), is the Application for Section 504 Loans. The second information 
collection, the CDC Annual Report Guide, SBA Form 1253 (OMB Control 
Number 3245-0074) relates to the annual report required from each CDC 
as stated in 13 CFR 120.830. Prior notice of proposed changes to these 
information collections was published in the Federal Register on August 
30, 2013, at 78 FR 53816. The changes are necessary to conform the 
forms to recent updates in the Lender and Development Company Loan 
Programs standard operating procedures, designated as SOP 50 10 5 (F). 
The changes include revisions to the exhibits required to be attached 
to the 504 loan application such as a clarification of who is required 
to submit credit reports, and addition of a requirement to submit a 
Credit Alert Verification Reporting System (CAIVRS) report to document 
that an applicant, guarantors or affiliates have no prior loss to the 
government or delinquent Federal debt. Changes to the CDC Annual Report 
Guide include a clarification of the consequences for failure to file 
the report in a timely manner, and clarification of the requirement to 
submit financial statements that have been reviewed by an independent 
CPA.
    SBA notes that these changes resulting from updates to the SOP are 
in addition to the changes that the Agency proposed in the February 25, 
2013, publication of 504 and 7(a) Loan Program Updates notice of 
proposed rulemaking. (78 FR 12633). That rulemaking is still pending 
final review and approval. As soon as SBA receives that approval it 
will make any additional and necessary changes to Forms 1244 and 1253 
to conform to the final rule.

Solicitation of Public Comments

    Comments may be submitted on (a) whether the collection of 
information is necessary for the agency to properly perform its 
functions; (b) whether the burden estimates are accurate; (c) whether 
there are ways to minimize the burden, including through the use of 
automated techniques or other forms of information technology; and (d) 
whether there are ways to enhance the quality, utility, and clarity of 
the information.

Summary of Information Collections

    (1) Title: Application for Section 504 Loan.
    Description of Respondents: Small Business Concerns applying for a 
Section 504 loan and Certified Development Companies.
    Form Number: SBA Form 1244 collects information that is used to 
determine the creditworthiness and repayment ability of the small 
business concern and its eligibility for SBA financial assistance; as 
well as the terms and conditions of the 504 loan. Form 1244 is also 
used by CDCs to request SBA's guarantee on the debenture.
    Estimated Annual Respondents: 7,000.
    Estimated Annual Responses: 7,000.
    Estimated Annual Hour Burden: 14,613.

    (2) Title: Certified Development Company (CDC) Annual Report Guide.

[[Page 74218]]

    Description of Respondents: Certified Development Companies.
    Form Number: SBA Form 1253 outlines the information (financial 
statements, economic development activities, and other operational and 
management information) that the CDC must submit to comply with the 
annual reporting requirement.
    Estimated Annual Respondents: 260.
    Estimated Annual Responses: 260.
    Estimated Annual Hour Burden: 7,280.

Curtis B. Rich,
Management Analyst.
[FR Doc. 2013-29372 Filed 12-9-13; 8:45 am]
BILLING CODE 8025-01-P