Office of Small Credit Unions (OSCUI) Grant Program Access For Credit Unions, 25446-25448 [2016-09913]

Download as PDF 25446 Federal Register / Vol. 81, No. 82 / Thursday, April 28, 2016 / Notices of each plan year during which the Plan holds Contributed Stock, as determined by the Actuary, without taking into account any unsold Contributed Stock as of April 1 of the plan year. Notice to Interested Persons Baxter will provide notice of the proposed exemption to all persons with accrued benefits under the Plan, all beneficiaries of deceased participants, and all alternate payees pursuant to qualified domestic relations orders within five (5) calendar days of publication of the proposed exemption in the Federal Register. For all persons for whom disclosure by electronic media is permitted by 29 CFR 2520.104b–1(c), notice will be posted on Baxter’s internal Web site and such persons will be notified of the posting by email in accordance with 29 CFR 2520.104b–1(c). Baxter will provide the notice to all other interested persons via first-class mail. In addition to the proposed exemption, as published in the Federal Register, Baxter will provide interested persons with a supplemental statement, as required, under 29 CFR 2570.43(a)(2). The supplemental statement will inform such employees of their right to comment on and to request a hearing with respect to this proposed exemption. The Department must receive all written comments and/or requests for a hearing within 35 days of the publication of this proposed exemption in the Federal Register. The Department will make all comments available to the public. Warning: If you submit a comment, EBSA recommends that you include your name and other contact information in the body of your comment, but DO NOT submit information that you consider to be confidential, or otherwise protected (such as Social Security number or an unlisted phone number) or confidential business information that you do not want publicly disclosed. All comments may be posted on the Internet and can be retrieved by most Internet search engines. FOR FURTHER INFORMATION CONTACT: mstockstill on DSK3G9T082PROD with NOTICES General Information [FR Doc. 2016–09946 Filed 4–27–16; 8:45 am] BILLING CODE 4510–29–P Jkt 238001 Notice of advisory committee meeting. ACTION: In accordance with the Federal Advisory Committee Act (5 U.S.C. app 2) and implementing regulation 41 CFR 101–6, NARA announces the following committee meeting. SUMMARY: The meeting will be on June 6, 2016, from 2 p.m. to 4 p.m. EDT. ADDRESSES: Gaylord Opryland Hotel, 2800 Opryland Drive, Delta Ballroom D, Nashville, TN 37214. FOR FURTHER INFORMATION CONTACT: Robert Tringali, Program Analyst, by mail at ISOO, National Archives Building, 700 Pennsylvania Avenue NW., Washington, DC 20408, by telephone at (202) 357–5335, or by email at robert.tringali@nara.gov. Contact ISOO at ISOO@nara.gov and the NISPPAC at NISPPAC@nara.gov. SUPPLEMENTARY INFORMATION: The purpose of this meeting is to discuss National Industrial Security Program policy matters. The meeting will be open to the public. However, due to space limitations and access procedures, you must submit the name and telephone number of individuals planning to attend to the Information Security Oversight Office (ISOO) no later than Wednesday, June 1, 2016. DATES: Dated: April 20, 2016. Patrice Little Murray, Committee Management Officer. [FR Doc. 2016–09991 Filed 4–27–16; 8:45 am] BILLING CODE 7515–01–P NATIONAL CREDIT UNION ADMINISTRATION Office of Small Credit Unions (OSCUI) Grant Program Access For Credit Unions Authority: 12 U.S.C. 1756, 1757(5)(D), and (7)(I), 1766, 1782, 1784, 1785 and 1786; 12 CFR 705. National Credit Union Administration (NCUA). ACTION: Notice of Funding Opportunity. AGENCY: The National Credit Union Administration (NCUA) is issuing a Notice of Funding Opportunity (NOFO) to invite eligible credit unions to submit applications for participation in the OSCUI Grant Program (a.k.a. Community Development Revolving Loan Fund (CDRLF)), subject to funding availability. The OSCUI Grant Program serves as a source of financial support, in the form of technical assistance grants, for credit unions serving SUMMARY: NATIONAL ARCHIVES AND RECORDS ADMINISTRATION Information Security Oversight Office The attention of interested persons is directed to the following: (1) The fact that a transaction is the subject of an exemption under section 408(a) of the Act and/or section 4975(c)(2) of the Code does not relieve a fiduciary or other party in interest or 22:09 Apr 27, 2016 Signed at Washington, DC, this 25th day of April, 2016. Lyssa E. Hall, Director, Office of Exemption Determinations, Employee Benefits Security Administration, U.S. Department of Labor. Mr. Erin S. Hesse of the Department, telephone (202) 693–8546 (This is not a toll-free number.) VerDate Sep<11>2014 disqualified person from certain other provisions of the Act and/or the Code, including any prohibited transaction provisions to which the exemption does not apply and the general fiduciary responsibility provisions of section 404 of the Act, which, among other things, require a fiduciary to discharge his duties respecting the plan solely in the interest of the participants and beneficiaries of the plan and in a prudent fashion in accordance with section 404(a)(1)(b) of the Act; nor does it affect the requirement of section 401(a) of the Code that the plan must operate for the exclusive benefit of the employees of the employer maintaining the plan and their beneficiaries; (2) Before an exemption may be granted under section 408(a) of the Act and/or section 4975(c)(2) of the Code, the Department must find that the exemption is administratively feasible, in the interests of the plan and of its participants and beneficiaries, and protective of the rights of participants and beneficiaries of the plan; (3) The proposed exemptions, if granted, will be supplemental to, and not in derogation of, any other provisions of the Act and/or the Code, including statutory or administrative exemptions and transitional rules. Furthermore, the fact that a transaction is subject to an administrative or statutory exemption is not dispositive of whether the transaction is in fact a prohibited transaction; and (4) The proposed exemptions, if granted, will be subject to the express condition that the material facts and representations contained in each application are true and complete, and that each application accurately describes all material terms of the transaction which is the subject of the exemption. [NARA–2016–029] National Industrial Security Program Policy Advisory Committee Meeting National Archives and Records Administration (NARA). AGENCY: PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\28APN1.SGM 28APN1 Federal Register / Vol. 81, No. 82 / Thursday, April 28, 2016 / Notices predominantly low-income members. It also serves as a source of funding to help low-income designated credit unions (LICUs) respond to emergencies arising in their communities. Table of Contents mstockstill on DSK3G9T082PROD with NOTICES A. Program Description B. Federal Award Information C. Eligibility Information D. Application and Submission Information E. Application Review Information F. Federal Award Administration G. Federal Awarding Agency A. Program Description The purpose of the OSCUI Grant Program is to assist low-income designated credit unions (LICU) in providing basic financial services to their low-income members to stimulate economic activities in their communities. Through the OSCUI Grant Program, NCUA provides financial support in the form of technical assistance grants to LICUs. These funds help improve and expand the availability of financial services to these members. The OSCUI Grant Program also serves as a source of funding to help LICUs respond to emergencies. The Grant Program consists of Congressional appropriations that are administered by OSCUI, an office of the NCUA. From June 1, 2016 to June 30, 2016 NCUA will accept applications from credit unions for the 2016 grant round. This grant round will include initiatives for Capacity and Growth, Cyber Security, Staff Training, and Student Interns. Information about the OSCUI Grant Program, including more details regarding the 2016 grant round, other funding initiatives, amount of funds available, funding priorities, permissible uses of funds, funding limits, deadlines and other pertinent details, are periodically published in NCUA Letters to Credit Unions, in the OSCUI enewsletter and on the NCUA Web site at https://www.ncua.gov/services/Pages/ small-credit-union-learning-center/ services/grants-loans.aspx. Permissible Uses of Funds: NCUA will consider requests for funds consistent with the purpose of the OSCUI Grant Program. 12 CFR 705.1. Per § 705.10 of the regulation permissible uses for the grant fund include: (i) Development of new products or services for members including new or expanded share draft or credit card programs; (ii) Partnership arrangements with community based service organizations or government agencies; (iii) Enhancement and support of credit union internal capacity to serve its members and better enable it to VerDate Sep<11>2014 22:09 Apr 27, 2016 Jkt 238001 provide financial services to the community in which the credit union is located. NCUA will consider other proposed uses of funds that in its sole discretion it determines are consistent with the purpose of the OSCUI Grant Program, the requirements of the regulations, and this NOFO. Regulation: Part 705 of NCUA’s regulations implements the OSCUI Grant and Loan Program. 12 CFR 705. A revised Part 705 was published on November 2, 2011. 76 FR 67583. Additional requirements are found at 12 CFR parts 701 and 741. Applicants should review these regulations in addition to this NOFO. Each capitalized term in this NOFO is more fully defined in the regulations and grant guidelines. For the purposes of this NOFO, an Applicant is a Qualifying Credit Union that submits a complete Application to NCUA under the OSCUI Grant Program. B. Federal Award Information OSCUI grants are made to LICUs that meet the requirements in the program regulation and this NOFO, subject to funds availability. Funds Availability: Congress appropriated $2 million to the OSCUI Grant Program for Fiscal Years 2016– 2017. NCUA expects to award the entire amount appropriated under this NOFO. NCUA reserves the right to: (i) Award more or less than the amount appropriated; (ii) fund, in whole or in part, any, all, or none of the applications submitted in response to this NOFO; and (iii) reallocate funds from the amount that is anticipated to be available under this NOFO to other programs, particularly if NCUA determines that the number of awards made under this NOFO is fewer than projected. C. Eligibility Information The regulations specify the requirements a credit union must meet in order to be eligible to apply for assistance under this NOFO. See 12 CFR part 705. 1. Eligible Applicants: A credit union must have a Low-Income Credit Union (LICU) designation, or equivalent in the case of a Qualifying State-chartered Credit Union, in order to participate in the OSCUI Grant and Loan Program. Requirements for obtaining the designation are found at 12 CFR 701.34. D. Application and Submission Information 1. Application Form: The application and related documents can be found on NCUA’s Web site at https:// www.ncua.gov/services/Pages/small- PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 25447 credit-union-learning-center/services/ grants-loans.aspx. 2. Minimum Application Content: Each Applicant must complete and submit information regarding the applicant and requested funding. In addition, applicants will be required to certify applications prior to submission. (a) DUNS Number: Based on an Office of Management and Budget (OMB) policy directive effective October 31, 2003, credit unions must have a Data Universal Numbering System (DUNS) number issued by Dun and Bradstreet (D&B) in order to be eligible to receive funding from the OSCUI Grant Program. NCUA will not consider an Application that does not include a valid DUNS number. Such an Application will be deemed incomplete and will be declined. Information on how to obtain a DUNS number may be found on D&B’s Web site at http://fedgov.dnb.com/ webform or by calling D&B, toll-free, at 1–866–705–5711. (b) Employer Identification Number: Each Application must include a valid and current Employer Identification Number (EIN) issued by the U.S. Internal Revenue Service (IRS). NCUA will not consider an application that does not include a valid and current EIN. Such an Application will be deemed incomplete and will be declined. Information on how to obtain a EIN may be found on the IRS’s Web site at www.irs.gov. (c) Submission of Application: Under this NOFO, Applications must be submitted online at http:// www.cybergrants.com/ncua. An Applicant requesting a grant must complete an online grant application form which includes required responses. The required responses will address the proposed use of funds and how the credit union will assess the impact of the funding. 3. Submission Dates and Times: The application open period is from June 1, 2016 thru June 30, 2016 for different grant initiatives. For each initiative funds may be exhausted prior to the deadlines, at which time the programs/ funds will no longer be available. 4. Intergovernmental Review: Not Applicable. 5. Other Submission Requirments: Under this NOFO, Applications must be submitted online at http:// www.cybergrants.com/ncua. a. Disclosure Agreement b. Mandatory Clauses E. Application Review Information 1. Review and Selection Process: (a) Eligibility and Completeness Review: NCUA will review each Application to determine whether it is E:\FR\FM\28APN1.SGM 28APN1 25448 Federal Register / Vol. 81, No. 82 / Thursday, April 28, 2016 / Notices mstockstill on DSK3G9T082PROD with NOTICES complete and that the Applicant meets the eligibility requirements described in the Regulations, this NOFO, and the grant guidelines. An incomplete Application or one that does not meet the eligibility requirements will be declined without further consideration. (b) Substantive Review: After an Applicant is determined eligible and its Application is determined complete, NCUA will conduct a substantive review in accordance with the criteria and procedures described in the Regulations, this NOFO, and the grant guidelines. NCUA reserves the right to contact the Applicant during its review for the purpose of clarifying or confirming information contained in the Application. If so contacted, the Applicant must respond within the time specified by NCUA or NCUA, in its sole discretion, may decline the application without further consideration. (c) Evaluation and Scoring: The evaluation criteria for each initiative will be more fully described in the grant guidelines. (d) Input from Examiners: NCUA may not approve an award to a credit union for which its NCUA regional examining office or State Supervisory Agency (SSA), if applicable, indicates it has safety and soundness concerns. If the NCUA regional office or SSA identifies a safety and soundness concern, OSCUI, in conjunction with the regional office or SSA, will assess whether the condition of the Applicant is adequate to undertake the activities for which funding is requested, and the obligations of the loan and its conditions. NCUA, in its sole discretion, may defer decision on funding an Application until the credit union’s safety and soundness conditions improve. (e) Award Selection: In general, NCUA will make its award selections based on a consistent scoring system where each applicant will receive an individual score. NCUA will consider the impact of the funding. When grant demand is high applications may be ranked based on the aforementioned in addition to factors listed in the grant guidelines. 2. Anticipated Announcement and Federal Award Dates: See part D.3. F. Federal Award Administration Information 1. Notice of Award: NCUA will notify each Applicant of its funding decision. Notification will generally be by email. Applicants that are approved for funding will also receive instructions on how to proceed with the reimbursement request for disbursement of funds. VerDate Sep<11>2014 22:09 Apr 27, 2016 Jkt 238001 2. Administration and National Policy Requirements: The specific terms and conditions governing a grant will be established in the grant guidelines for each initiative. 3. Reimbursement and Reporting: Each awarded credit union must submit a reimbursement request in order to receive the awarded funds. The reimbursement requirements are specific to each initiative. In general, the reimbursement request will require proof of expenses, documentation, an explanation of the impact of funding and any success or failure to meet objectives for use of proceeds, outcome, or impact. NCUA, in its sole discretion, may modify these requirements. Awardees (credit unions) are required to submit the reimbursement request within the expiration date specified in the approval letter. G. Agency Contacts 1. Methods of Contact: Further information can be found at: https:// www.ncua.gov/services/Pages/smallcredit-union-learning-center/services/ grants-loans.aspx. For questions email: National Credit Union Administration, Office of Small Credit Union Initiatives at OSCUIAPPS@ncua.gov. 2. Information Technology Support: People who have visual or mobility impairments that prevent them from using NCUA’s Web site should call (703) 518–6610 for guidance (this is not a toll free number). By the National Credit Union Administration Board on April 21, 2016. Gerard Poliquin, Secretary of the Board. [FR Doc. 2016–09913 Filed 4–27–16; 8:45 am] BILLING CODE 7535–01–P NUCLEAR REGULATORY COMMISSION [Docket No. 50–440; License No. NPF–58; NRC–2015–0212] In the Matter of FirstEnergy Nuclear Operating Company, FirstEnergy Nuclear Generation, LLC, and Ohio Edison Company; Perry Nuclear Power Plant, Unit 1 Nuclear Regulatory Commission. ACTION: Direct transfer of license; order. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) is issuing an order approving the direct transfer of the leased interests in Facility Operating License NPF–58 for Perry Nuclear Power Plant, Unit 1, from the current holder, Ohio Edison Company (OE), to SUMMARY: PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 FirstEnergy Nuclear Generation, LLC (FENGen). As a result of the transaction, FENGen will become the sole owner of the Perry Nuclear Power Plant, Unit 1. The NRC is also issuing a conforming amendment to the facility operating license for administrative purposes to reflect the proposed license transfer. No physical changes to the facility or operational changes were proposed in the application. The Order is effective upon issuance. The Order was issued on April 15, 2016, and is effective for one year. DATES: Please refer to Docket ID NRC–2015–0212 when contacting the NRC about the availability of information regarding this document. You may obtain publicly available information related to this document using any of the following methods: • Federal Rulemaking Web site: Go to http://www.regulations.gov and search for Docket ID NRC–2015–0212. Address questions about NRC dockets to Carol Gallagher; telephone: 301–415–3463; email: Carol.Gallagher@nrc.gov. For technical questions, contact the individual listed in the FOR FURTHER INFORMATION CONTACT section of this document. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may obtain publiclyavailable documents online in the ADAMS Public Documents collection at http://www.nrc.gov/reading-rm/ adams.html. To begin the search, select ‘‘ADAMS Public Documents’’ and then select ‘‘Begin Web-based ADAMS Search.’’ For problems with ADAMS, please contact the NRC’s Public Document Room (PDR) reference staff at 1–800–397–4209, 301–415–4737, or by email to pdr.resource@nrc.gov. The ADAMS accession number for each document referenced (if it is available in ADAMS) is provided the first time that it is mentioned in this document. • NRC’s PDR: You may examine and purchase copies of public documents at the NRC’s PDR, Room O1–F21, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Kimberly Green, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001; telephone: 301–415– 1627; email: Kimberly.Green@nrc.gov. SUPPLEMENTARY INFORMATION: The text of the Order is attached. Dated at Rockville, Maryland, this 20th of April 2016. E:\FR\FM\28APN1.SGM 28APN1

Agencies

[Federal Register Volume 81, Number 82 (Thursday, April 28, 2016)]
[Notices]
[Pages 25446-25448]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-09913]


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NATIONAL CREDIT UNION ADMINISTRATION


Office of Small Credit Unions (OSCUI) Grant Program Access For 
Credit Unions

    Authority:  12 U.S.C. 1756, 1757(5)(D), and (7)(I), 1766, 1782, 
1784, 1785 and 1786; 12 CFR 705.
AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice of Funding Opportunity.

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

SUMMARY: The National Credit Union Administration (NCUA) is issuing a 
Notice of Funding Opportunity (NOFO) to invite eligible credit unions 
to submit applications for participation in the OSCUI Grant Program 
(a.k.a. Community Development Revolving Loan Fund (CDRLF)), subject to 
funding availability. The OSCUI Grant Program serves as a source of 
financial support, in the form of technical assistance grants, for 
credit unions serving

[[Page 25447]]

predominantly low-income members. It also serves as a source of funding 
to help low-income designated credit unions (LICUs) respond to 
emergencies arising in their communities.

Table of Contents

    A. Program Description
    B. Federal Award Information
    C. Eligibility Information
    D. Application and Submission Information
    E. Application Review Information
    F. Federal Award Administration
    G. Federal Awarding Agency

A. Program Description

    The purpose of the OSCUI Grant Program is to assist low-income 
designated credit unions (LICU) in providing basic financial services 
to their low-income members to stimulate economic activities in their 
communities. Through the OSCUI Grant Program, NCUA provides financial 
support in the form of technical assistance grants to LICUs. These 
funds help improve and expand the availability of financial services to 
these members. The OSCUI Grant Program also serves as a source of 
funding to help LICUs respond to emergencies. The Grant Program 
consists of Congressional appropriations that are administered by 
OSCUI, an office of the NCUA.
    From June 1, 2016 to June 30, 2016 NCUA will accept applications 
from credit unions for the 2016 grant round. This grant round will 
include initiatives for Capacity and Growth, Cyber Security, Staff 
Training, and Student Interns.
    Information about the OSCUI Grant Program, including more details 
regarding the 2016 grant round, other funding initiatives, amount of 
funds available, funding priorities, permissible uses of funds, funding 
limits, deadlines and other pertinent details, are periodically 
published in NCUA Letters to Credit Unions, in the OSCUI e-newsletter 
and on the NCUA Web site at https://www.ncua.gov/services/Pages/small-credit-union-learning-center/services/grants-loans.aspx.
    Permissible Uses of Funds: NCUA will consider requests for funds 
consistent with the purpose of the OSCUI Grant Program. 12 CFR 705.1. 
Per Sec.  705.10 of the regulation permissible uses for the grant fund 
include: (i) Development of new products or services for members 
including new or expanded share draft or credit card programs; (ii) 
Partnership arrangements with community based service organizations or 
government agencies; (iii) Enhancement and support of credit union 
internal capacity to serve its members and better enable it to provide 
financial services to the community in which the credit union is 
located.
    NCUA will consider other proposed uses of funds that in its sole 
discretion it determines are consistent with the purpose of the OSCUI 
Grant Program, the requirements of the regulations, and this NOFO.
    Regulation: Part 705 of NCUA's regulations implements the OSCUI 
Grant and Loan Program. 12 CFR 705. A revised Part 705 was published on 
November 2, 2011. 76 FR 67583. Additional requirements are found at 12 
CFR parts 701 and 741. Applicants should review these regulations in 
addition to this NOFO. Each capitalized term in this NOFO is more fully 
defined in the regulations and grant guidelines. For the purposes of 
this NOFO, an Applicant is a Qualifying Credit Union that submits a 
complete Application to NCUA under the OSCUI Grant Program.

B. Federal Award Information

    OSCUI grants are made to LICUs that meet the requirements in the 
program regulation and this NOFO, subject to funds availability.
    Funds Availability: Congress appropriated $2 million to the OSCUI 
Grant Program for Fiscal Years 2016-2017. NCUA expects to award the 
entire amount appropriated under this NOFO. NCUA reserves the right to: 
(i) Award more or less than the amount appropriated; (ii) fund, in 
whole or in part, any, all, or none of the applications submitted in 
response to this NOFO; and (iii) reallocate funds from the amount that 
is anticipated to be available under this NOFO to other programs, 
particularly if NCUA determines that the number of awards made under 
this NOFO is fewer than projected.

C. Eligibility Information

    The regulations specify the requirements a credit union must meet 
in order to be eligible to apply for assistance under this NOFO. See 12 
CFR part 705.
    1. Eligible Applicants: A credit union must have a Low-Income 
Credit Union (LICU) designation, or equivalent in the case of a 
Qualifying State-chartered Credit Union, in order to participate in the 
OSCUI Grant and Loan Program. Requirements for obtaining the 
designation are found at 12 CFR 701.34.

D. Application and Submission Information

    1. Application Form: The application and related documents can be 
found on NCUA's Web site at https://www.ncua.gov/services/Pages/small-credit-union-learning-center/services/grants-loans.aspx.
    2. Minimum Application Content: Each Applicant must complete and 
submit information regarding the applicant and requested funding. In 
addition, applicants will be required to certify applications prior to 
submission.
    (a) DUNS Number: Based on an Office of Management and Budget (OMB) 
policy directive effective October 31, 2003, credit unions must have a 
Data Universal Numbering System (DUNS) number issued by Dun and 
Bradstreet (D&B) in order to be eligible to receive funding from the 
OSCUI Grant Program. NCUA will not consider an Application that does 
not include a valid DUNS number. Such an Application will be deemed 
incomplete and will be declined. Information on how to obtain a DUNS 
number may be found on D&B's Web site at http://fedgov.dnb.com/webform 
or by calling D&B, toll-free, at 1-866-705-5711.
    (b) Employer Identification Number: Each Application must include a 
valid and current Employer Identification Number (EIN) issued by the 
U.S. Internal Revenue Service (IRS). NCUA will not consider an 
application that does not include a valid and current EIN. Such an 
Application will be deemed incomplete and will be declined. Information 
on how to obtain a EIN may be found on the IRS's Web site at 
www.irs.gov.
    (c) Submission of Application: Under this NOFO, Applications must 
be submitted online at http://www.cybergrants.com/ncua. An Applicant 
requesting a grant must complete an online grant application form which 
includes required responses. The required responses will address the 
proposed use of funds and how the credit union will assess the impact 
of the funding.
    3. Submission Dates and Times: The application open period is from 
June 1, 2016 thru June 30, 2016 for different grant initiatives. For 
each initiative funds may be exhausted prior to the deadlines, at which 
time the programs/funds will no longer be available.
    4. Intergovernmental Review: Not Applicable.
    5. Other Submission Requirments: Under this NOFO, Applications must 
be submitted online at http://www.cybergrants.com/ncua.
a. Disclosure Agreement
b. Mandatory Clauses

E. Application Review Information

    1. Review and Selection Process:
    (a) Eligibility and Completeness Review: NCUA will review each 
Application to determine whether it is

[[Page 25448]]

complete and that the Applicant meets the eligibility requirements 
described in the Regulations, this NOFO, and the grant guidelines. An 
incomplete Application or one that does not meet the eligibility 
requirements will be declined without further consideration.
    (b) Substantive Review: After an Applicant is determined eligible 
and its Application is determined complete, NCUA will conduct a 
substantive review in accordance with the criteria and procedures 
described in the Regulations, this NOFO, and the grant guidelines. NCUA 
reserves the right to contact the Applicant during its review for the 
purpose of clarifying or confirming information contained in the 
Application. If so contacted, the Applicant must respond within the 
time specified by NCUA or NCUA, in its sole discretion, may decline the 
application without further consideration.
    (c) Evaluation and Scoring: The evaluation criteria for each 
initiative will be more fully described in the grant guidelines.
    (d) Input from Examiners: NCUA may not approve an award to a credit 
union for which its NCUA regional examining office or State Supervisory 
Agency (SSA), if applicable, indicates it has safety and soundness 
concerns. If the NCUA regional office or SSA identifies a safety and 
soundness concern, OSCUI, in conjunction with the regional office or 
SSA, will assess whether the condition of the Applicant is adequate to 
undertake the activities for which funding is requested, and the 
obligations of the loan and its conditions. NCUA, in its sole 
discretion, may defer decision on funding an Application until the 
credit union's safety and soundness conditions improve.
    (e) Award Selection: In general, NCUA will make its award 
selections based on a consistent scoring system where each applicant 
will receive an individual score. NCUA will consider the impact of the 
funding. When grant demand is high applications may be ranked based on 
the aforementioned in addition to factors listed in the grant 
guidelines.
    2. Anticipated Announcement and Federal Award Dates: See part D.3.

F. Federal Award Administration Information

    1. Notice of Award: NCUA will notify each Applicant of its funding 
decision. Notification will generally be by email. Applicants that are 
approved for funding will also receive instructions on how to proceed 
with the reimbursement request for disbursement of funds.
    2. Administration and National Policy Requirements: The specific 
terms and conditions governing a grant will be established in the grant 
guidelines for each initiative.
    3. Reimbursement and Reporting: Each awarded credit union must 
submit a reimbursement request in order to receive the awarded funds. 
The reimbursement requirements are specific to each initiative. In 
general, the reimbursement request will require proof of expenses, 
documentation, an explanation of the impact of funding and any success 
or failure to meet objectives for use of proceeds, outcome, or impact. 
NCUA, in its sole discretion, may modify these requirements. Awardees 
(credit unions) are required to submit the reimbursement request within 
the expiration date specified in the approval letter.

G. Agency Contacts

    1. Methods of Contact: Further information can be found at: https://www.ncua.gov/services/Pages/small-credit-union-learning-center/services/grants-loans.aspx. For questions email: National Credit Union 
Administration, Office of Small Credit Union Initiatives at 
OSCUIAPPS@ncua.gov.
    2. Information Technology Support: People who have visual or 
mobility impairments that prevent them from using NCUA's Web site 
should call (703) 518-6610 for guidance (this is not a toll free 
number).

    By the National Credit Union Administration Board on April 21, 
2016.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2016-09913 Filed 4-27-16; 8:45 am]
 BILLING CODE 7535-01-P