Proposed Data Collection; Comment Request, 12061-12062 [2015-05057]

Download as PDF Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices Greenkraft to more quickly begin selling vehicles which will allow the company to begin realizing revenues from vehicle sales. The revenues from these vehicle sales will allow Greenkraft to continue to employee individuals involved in the manufacture and sale of these vehicles. We note that prospective purchasers will be notified that the vehicle is exempted from the requirements in paragraph S10 of FMVSS No. 108, Lamps, Reflective Devices, and Associated Equipment. Under 49 CFR 555.9(b), a manufacturer of an exempted vehicle must affix securely to the windshield or side window of each exempted vehicle a label containing a statement that the vehicle conforms to all applicable FMVSSs in effect on the date of manufacture ‘‘except for Standard Nos. [listing the standards by number and title for which an exemption has been granted] exempted pursuant to NHTSA Exemption No. __ __.’’ This label notifies prospective purchasers about the exemption and its subject. Under § 555.9(c), this information must also be included on the vehicle’s certification label. mstockstill on DSK4VPTVN1PROD with NOTICES E. Agency Decision In consideration of the foregoing, we conclude that granting the requested exemption from the requirements in paragraph S10 of FMVSS No. 108, Lamps, Reflective Devices, and Associated Equipment, would facilitate the development or field evaluation of a low-emission vehicle, and would not unreasonably lower the safety or impact protection level of that vehicle if the vehicle is marketed as a commercial vehicle for use during day light hours. Marketing the 1061 and 1083 models for any purpose that would entail substantial use at night is not consistent with this temporary exemption. We further conclude that granting this exemption is in the public interest and consistent with the objectives of the Safety Act subject to the conditions described above. We would like to emphasize that this exemption from FMVSS No. 108, Lamps, Reflective Devices, and Associated Equipment is limited to paragraph S10 of that standard. Any vehicle manufactured or sold under this exemption must conform to all other applicable requirements of FMVSS No. 108. This exemption is limited to 120 CNG fueled vehicles. In addition, this exemption is conditioned on Greenkraft’s marketing the exempted vehicles as commercial vehicles for use during day light hours. As part of these efforts, Greenkraft should ensure that potential purchasers are informed that the exempted vehicles VerDate Sep<11>2014 19:28 Mar 04, 2015 Jkt 235001 should be used primarily during daylight hours. In accordance with 49 U.S.C. 30113(b)(3)(B)(iii), Greenkraft is granted NHTSA Temporary Exemption No. EX 15–01 from paragraph S10 of FMVSS No. 108. The exemption shall be effective from the date on which notice of this decision is published in the Federal Register until December 31, 2015, as indicated in the DATES section of this document. (49 U.S.C. 30113; delegations of authority at 49 CFR 1.95) Issued in Washington, DC, on February 25, 2015 under authority delegated in 49 CFR part 1.95. Mark R. Rosekind, Administrator. [FR Doc. 2015–05101 Filed 3–4–15; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Proposed Data 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 Fund (CDFI Fund), Department of the Treasury, is soliciting comments concerning the Annual Assessment Evaluation. This report form will be used to collect vital financial performance data, internal control, and investment impact measurement related information for institutions participating in the CDFI Bond Guarantee Program, consistent with the program’s requirements for Compliance Management and Monitoring (CMM) and Portfolio Management and Loan Monitoring (PMLM), and pursuant to 12 CFR part 1808 (Interim Rule). The process for data collection and reporting is expected to take place via electronic submission to the CDFI Fund. Hard copies will also be accepted. The annual assessment evaluation reporting guidance for the CDFI Bond Guarantee Program may be obtained from the CDFI SUMMARY: PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 12061 Bond Guarantee Program page of the CDFI Fund’s Web site at http:// www.cdfifund.gov. Unless otherwise defined in this notice, the capitalized terms herein are as defined in the Interim Rule. Please note that this proposed requirement would only apply to Eligible CDFI’s participating in the CDFI Bond Guarantee Program and to Qualified Issuers that have issued Bonds under the Program in Fiscal Year 2015 or later. DATES: Written comments should be received on or before May 4, 2015 to be assured of consideration. These comments will be considered before the CDFI Fund submits a request for Office of Management and Budget (OMB) review of the data reporting forms described in this notice. 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 Annual Assessment Evaluation may be obtained from the CDFI Bond Guarantee Program page of the CDFI Fund’s Web site at http://www.cdfifund.gov/bond. 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 or by email to bgp@cdfi.treas.gov. SUPPLEMENTARY INFORMATION: Title: CDFI Bond Guarantee Program Reporting Forms. 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 furthers the mission of the CDFI Fund to increase economic opportunity and promote community and economic development investments for underserved populations and in 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. The CDFI Fund held two-day application workshops on June 10–11, E:\FR\FM\05MRN1.SGM 05MRN1 mstockstill on DSK4VPTVN1PROD with NOTICES 12062 Federal Register / Vol. 80, No. 43 / Thursday, March 5, 2015 / Notices 2014 in Washington, DC. During these workshops, representatives of the CDFI Bond Guarantee Program met with potential applicants regarding the FY 2013 Qualified Issuer and Guarantee Application requirements. Specifically, the workshops explored the financial structure of the program, including roles of the Qualified Issuer, Program Administrator, and Servicer; reporting requirements; and compliance-related activities. Although participants in these workshops expressed overall enthusiasm and support for conforming to the CDFI Fund’s reporting process, they noted a lack of substantive data in this area and recommended that the CDFI Fund describe and specify its postissuance information collection practices for the CDFI Bond Guarantee Program. In compliance with OMB Circular A– 129, the CDFI Bond Guarantee Program will collect all necessary information to manage the portfolio effectively and track progress towards policy goals. The proposed reporting form will add significantly to the Department of the Treasury’s review and impact analysis on the use of Bond Proceeds in underserved communities and support the CDFI Fund in proactively managing portfolio risks and performance. Risk detection and mitigation are crucial activities for the long-term operation and viability of the CDFI Bond Guarantee Program. The Department of the Treasury’s authority to collect this information and the specified data collection areas and parameters are consistent with the annual and periodic financial reporting requirements for the CDFI Bond Guarantee Program as defined in 12 CFR 1808.619. The CDFI Fund currently utilizes its Community Investment Impact System (CIIS), which collects data from CDFIs that have received monetary awards from the CDFI Fund through several of its other programs. CDFI Program and Native American CDFI Assistance Program (NACA Program) awardees are required to report total portfolio and financial data for three years. However, there is no standardized data on the full universe of Certified CDFIs, especially unregulated loan funds that do not have award reporting history. Moreover, nonregulated Certified CDFIs frequently utilize disparate accounting methodologies and report certain data points, such as borrower defaults and delinquencies, in ways that are difficult to compare across organizations. Nonprofit Certified CDFIs are yet more difficult to compare due to the variety of reporting options available to nonprofit institutions under generally accepted accounting principles. This VerDate Sep<11>2014 19:28 Mar 04, 2015 Jkt 235001 report, in addition to the previously proposed reports of the CDFI Bond Guarantee Program, addresses this challenge in standardized data collection and allows Certified CDFIs to: (i) Demonstrate the ability to deploy long-term debt successfully with reporting requirements similar to those required of regulated financial institutions; (ii) provide a mechanism for accurately assessing Certified CDFI credit risk; and (iii) provide capital markets with a record of accomplishment on which to base future lending and investment. Current Actions: New Collection. Type of Review: Regular Review. Affected Public: Certified CDFIs and Qualified Issuers. Estimated Number Certified CDFI Respondents: 10. Estimated Annual Time per Certified CDFI Respondent: 25 hours. Estimated Number of Qualified Issuer Respondents: 10. Estimated Annual Time per Qualified Issuer Respondent: 50 hours. Estimated Total Annual Burden Hours: 750 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 http://www.cdfifund.gov. Comments are invited on: (a) Whether the collection of information is consistent with the stated background and proposed use necessary for the proper performance of the functions of the CDFI Fund; (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 operational or maintenance costs to provide information. The CDFI Fund specifically requests comments concerning the following questions: (1) Will the annual assessment be effective in evaluating Qualified Issuers or are there other alternatives by which Qualified Issuers could be assessed? (2) Should Qualified Issuers have the ability to conduct the annual assessment for Eligible CDFIs, provided that they have the appropriate qualifications? (3) Is there additional information or instruction that the CDFI Fund can provide to clarify the expectations associated with the annual assessment evaluation? PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 (4) What are the appropriate steps for the CDFI Fund to take in the event that the annual assessment completed by the third party vendor fails to adequately evaluate a participant’s performance on the expected criteria? Authority: 12 CFR 1808. Dated: February 26, 2015. Annie Donovan, Director, Community Development Financial Institutions Fund. [FR Doc. 2015–05057 Filed 3–4–15; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment for Electronic Filing of Employment Tax Family (94x) Returns Internal Revenue Service (IRS), Treasury. ACTION: Notice of inquiry, 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, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning a free option for 94x filers. DATES: Written comments should be received on or before May 4, 2015 to be assured of consideration. ADDRESSES: Direct all electronic comments to wi.94x.efile@irs.gov or written comments to Internal Revenue Service, SE:W:CAS:SP:IS, 5000 Ellin Road, C4–223, Lanham, MD 20706. Please include the Federal Register Document number (FR Doc. 2015– xxxxx) in the subject line of your email or correspondence. SUPPLEMENTARY INFORMATION: Title: Ways to increase the electronic filing of employment tax returns, specifically as it relates to a free option for filers. Abstract: IRS Strategic Plan FY 2014– 2017 is to ‘‘Expand the availability of electronic filing and provide easily accessible payment tools for all taxpayers.’’ The IRS performance goal is to increase the e-file rate for business returns from 40 percent to 50 percent by 2017. However the percentage of employment tax returns filed electronically remains below the overall SUMMARY: E:\FR\FM\05MRN1.SGM 05MRN1

Agencies

[Federal Register Volume 80, Number 43 (Thursday, March 5, 2015)]
[Notices]
[Pages 12061-12062]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-05057]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Proposed Data 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 Fund (CDFI Fund), Department of the Treasury, is 
soliciting comments concerning the Annual Assessment Evaluation. This 
report form will be used to collect vital financial performance data, 
internal control, and investment impact measurement related information 
for institutions participating in the CDFI Bond Guarantee Program, 
consistent with the program's requirements for Compliance Management 
and Monitoring (CMM) and Portfolio Management and Loan Monitoring 
(PMLM), and pursuant to 12 CFR part 1808 (Interim Rule). The process 
for data collection and reporting is expected to take place via 
electronic submission to the CDFI Fund. Hard copies will also be 
accepted. The annual assessment evaluation reporting guidance for the 
CDFI Bond Guarantee Program may be obtained from the CDFI Bond 
Guarantee Program page of the CDFI Fund's Web site at http://www.cdfifund.gov. Unless otherwise defined in this notice, the 
capitalized terms herein are as defined in the Interim Rule. Please 
note that this proposed requirement would only apply to Eligible CDFI's 
participating in the CDFI Bond Guarantee Program and to Qualified 
Issuers that have issued Bonds under the Program in Fiscal Year 2015 or 
later.

DATES: Written comments should be received on or before May 4, 2015 to 
be assured of consideration. These comments will be considered before 
the CDFI Fund submits a request for Office of Management and Budget 
(OMB) review of the data reporting forms described in this notice.

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 Annual Assessment Evaluation may 
be obtained from the CDFI Bond Guarantee Program page of the CDFI 
Fund's Web site at http://www.cdfifund.gov/bond. 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 or by email to bgp@cdfi.treas.gov.

SUPPLEMENTARY INFORMATION:
    Title: CDFI Bond Guarantee Program Reporting Forms.
    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 furthers the mission 
of the CDFI Fund to increase economic opportunity and promote community 
and economic development investments for underserved populations and in 
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.
    The CDFI Fund held two-day application workshops on June 10-11,

[[Page 12062]]

2014 in Washington, DC. During these workshops, representatives of the 
CDFI Bond Guarantee Program met with potential applicants regarding the 
FY 2013 Qualified Issuer and Guarantee Application requirements. 
Specifically, the workshops explored the financial structure of the 
program, including roles of the Qualified Issuer, Program 
Administrator, and Servicer; reporting requirements; and compliance-
related activities. Although participants in these workshops expressed 
overall enthusiasm and support for conforming to the CDFI Fund's 
reporting process, they noted a lack of substantive data in this area 
and recommended that the CDFI Fund describe and specify its post-
issuance information collection practices for the CDFI Bond Guarantee 
Program.
    In compliance with OMB Circular A-129, the CDFI Bond Guarantee 
Program will collect all necessary information to manage the portfolio 
effectively and track progress towards policy goals. The proposed 
reporting form will add significantly to the Department of the 
Treasury's review and impact analysis on the use of Bond Proceeds in 
underserved communities and support the CDFI Fund in proactively 
managing portfolio risks and performance. Risk detection and mitigation 
are crucial activities for the long-term operation and viability of the 
CDFI Bond Guarantee Program. The Department of the Treasury's authority 
to collect this information and the specified data collection areas and 
parameters are consistent with the annual and periodic financial 
reporting requirements for the CDFI Bond Guarantee Program as defined 
in 12 CFR 1808.619.
    The CDFI Fund currently utilizes its Community Investment Impact 
System (CIIS), which collects data from CDFIs that have received 
monetary awards from the CDFI Fund through several of its other 
programs. CDFI Program and Native American CDFI Assistance Program 
(NACA Program) awardees are required to report total portfolio and 
financial data for three years. However, there is no standardized data 
on the full universe of Certified CDFIs, especially unregulated loan 
funds that do not have award reporting history. Moreover, non-regulated 
Certified CDFIs frequently utilize disparate accounting methodologies 
and report certain data points, such as borrower defaults and 
delinquencies, in ways that are difficult to compare across 
organizations. Nonprofit Certified CDFIs are yet more difficult to 
compare due to the variety of reporting options available to nonprofit 
institutions under generally accepted accounting principles. This 
report, in addition to the previously proposed reports of the CDFI Bond 
Guarantee Program, addresses this challenge in standardized data 
collection and allows Certified CDFIs to: (i) Demonstrate the ability 
to deploy long-term debt successfully with reporting requirements 
similar to those required of regulated financial institutions; (ii) 
provide a mechanism for accurately assessing Certified CDFI credit 
risk; and (iii) provide capital markets with a record of accomplishment 
on which to base future lending and investment.
    Current Actions: New Collection.
    Type of Review: Regular Review.
    Affected Public: Certified CDFIs and Qualified Issuers.
    Estimated Number Certified CDFI Respondents: 10.
    Estimated Annual Time per Certified CDFI Respondent: 25 hours.
    Estimated Number of Qualified Issuer Respondents: 10.
    Estimated Annual Time per Qualified Issuer Respondent: 50 hours.
    Estimated Total Annual Burden Hours: 750 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 http://www.cdfifund.gov. Comments are invited on: (a) Whether the collection 
of information is consistent with the stated background and proposed 
use necessary for the proper performance of the functions of the CDFI 
Fund; (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 operational or 
maintenance costs to provide information.
    The CDFI Fund specifically requests comments concerning the 
following questions:
    (1) Will the annual assessment be effective in evaluating Qualified 
Issuers or are there other alternatives by which Qualified Issuers 
could be assessed?
    (2) Should Qualified Issuers have the ability to conduct the annual 
assessment for Eligible CDFIs, provided that they have the appropriate 
qualifications?
    (3) Is there additional information or instruction that the CDFI 
Fund can provide to clarify the expectations associated with the annual 
assessment evaluation?
    (4) What are the appropriate steps for the CDFI Fund to take in the 
event that the annual assessment completed by the third party vendor 
fails to adequately evaluate a participant's performance on the 
expected criteria?

    Authority: 12 CFR 1808.

    Dated: February 26, 2015.
Annie Donovan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2015-05057 Filed 3-4-15; 8:45 am]
 BILLING CODE 4810-70-P