Agency Information Collection Activities; Submission for OMB Review; Comment Request; Capital Magnet Fund Application and Performance Report, 22791-22792 [2021-08928]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 86, No. 81 / Thursday, April 29, 2021 / Notices Estimated Number of Respondents: 51,000. Frequency of Response: Annually. Estimated Total Number of Annual Responses: 51,000. Estimated Time per Response: 29 minutes. Estimated Total Annual Burden Hours: 25,205. 39. Title: Payout Requirements for Type III Supporting Organizations that are not Functionally Integrated. OMB Control Number: 1545–2157. Type of Review: Extension of a currently approved collection. Description: TD 9605 contains final regulations regarding the requirements to qualify as a Type III supporting organization that is operated in connection with one or more supported organizations. The regulations reflect changes to the law made by the Pension Protection Act of 2006. The regulations will affect Type III supporting organizations and their supported organizations. Form Number: TD 9605 (REG– 155929–06). Affected Public: Not-for-profit institutions; State, Local, or Tribal Governments. Estimated Number of Respondents: 11,994. Frequency of Response: Annually. Estimated Total Number of Annual Responses: 11,994. Estimated Time per Response: 2 hours. Estimated Total Annual Burden Hours: 23,988. 40. Title: Statement of Liability of Lender, Surety, or Other Person for Withholding Taxes. OMB Control Number: 1545–2254. Type of Review: Extension of a currently approved collection. Description: Third parties who directly pay another’s payrolls can be held liable for the full amount of taxes required to be withheld but not paid to the Government (subject to the 25% limitation). IRC 3505 deals with persons who supply funds to an employer for the purpose of paying wages. The notification that a third party is paying or supplying wages will usually be made by filing of the Form 4219, Statement of Liability of Lender, Surety, or Other Person for Withholding Taxes. The Form 4219, Statement of Liability of Lender, Surety, or Other Person for Withholding Taxes is to be submitted and associated with each employer and for every calendar quarter for which a liability under section 3505 is incurred. Form Number: IRS Form 4219. Affected Public: Businesses and other for-profit organizations, Not-for-profit institutions, Farms, Federal VerDate Sep<11>2014 18:32 Apr 28, 2021 Jkt 253001 Government, State, Local, or Tribal Government. Estimated Number of Respondents: 1,000. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 1,000. Estimated Time per Response: 12 hours, 50 minutes. Estimated Total Annual Burden Hours: 12,833. 41. Title: ABLE Account Contribution Information and Distributions from ABLE Accounts. OMB Control Number: 1545–2262. Type of Review: Extension of a currently approved collection. Description: Public Law 113–295, ABLE Act of 2014, granted States, agencies and/or their instrumentalities the authority to allow for the establishment of special accounts that allow individuals and families to set aside money for the purpose of supporting individuals with disabilities to maintain health, independence, and quality of life, without impacting eligibility for other social service financial assistance programs such as Medicaid. Form 5498–QA is used to report to the beneficiaries the contributions, rollovers, and program to program transfers associated with these accounts. Form 1099–QA allows these individuals and families to draw from the special account. Affected Public: Individuals or Households. Estimated Number of Respondents: 20,000. Frequency of Response: Annually. Estimated Total Number of Annual Responses: 20,000. Estimated Time per Response: 10 minutes to 11 minutes. Estimated Total Annual Burden Hours: 3,600. 42. Title: Information Regarding Beneficiaries Acquiring Property from a Decedent. OMB Control Number: 1545–2264. Type of Review: Extension of a currently approved collection. Description: The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 requires executors of an estate and other persons who are required to file a Form 706, Form 706–NA, or Form 706–A, to report to the Internal Revenue Service (IRS) and to each beneficiary receiving property from an estate the estate tax value of the property, if the return is filed after July 31, 2015. Form 8971 is used to report to the IRS and a Schedule A will be sent to each beneficiary and a copy of each Schedule A will be attached to the Form 8971. Some property received by a beneficiary may PO 00000 Frm 00167 Fmt 4703 Sfmt 4703 22791 have a consistency requirement, meaning that the beneficiary must use the value reported on the Schedule A as the beneficiary’s initial basis of the property. A beneficiary is an individual, trust, or other estate who has acquired (or is expected to acquire) property from the estate. If the executor is also a beneficiary who has acquired (or is expected to acquire) property from the estate, the executor is a beneficiary for purposes of the Form 8971 and the attached Schedule A. Form Number: IRS Form 8971. Affected Public: Businesses or other for-profit organizations; Individuals or Households; Not-for-profit institutions. Estimated Number of Respondents: 10,000. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 10,000. Estimated Time per Response: 20 hours. Estimated Total Annual Burden Hours: 200,000. Authority: 44 U.S.C. 3501 et seq. Dated: April 26, 2021. Molly Stasko, Treasury PRA Clearance Officer. [FR Doc. 2021–08993 Filed 4–28–21; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Capital Magnet Fund Application and Performance Report Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. DATES: Comments must be received on or before June 1, 2021. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. SUMMARY: E:\FR\FM\29APN1.SGM 29APN1 22792 Federal Register / Vol. 86, No. 81 / Thursday, April 29, 2021 / Notices FOR FURTHER INFORMATION CONTACT: jbell on DSKJLSW7X2PROD with NOTICES Copies of the submissions may be obtained from Molly Stasko by emailing PRA@treasury.gov, calling (202) 622– 8922, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Community Development Financial Institutions Fund (CDFIF) Title: Capital Magnet Fund Application and Performance Report. OMB Control Number: 1559–0036. Type of Review: Revision of a currently approved collection. Description: The Capital Magnet Fund was established through the Housing and Economic Recovery Act of 2008 (Pub. L. 110–289) or HERA, as a competitive grant program administered by the CDFI Fund. Through CMF, the CDFI Fund provides financial assistance grants to Certified Community Development Financial Institutions (CDFIs) and qualified Nonprofit Organizations with the development or management of Affordable Housing, as defined in 12 CFR part 1807, as one of their principal purposes. Capitalized terms not defined in this Notice (other than titles) have the meaning set forth in the CMF Interim Rule (12 CFR part 1807). CMF awards must be used to attract private financing for and increase investment in: (i) The Development, Preservation, Rehabilitation, and Purchase of Affordable Housing for primarily Extremely Low-, Very Low-, and Low-Income Families; and (ii) Economic Development Activities which, in conjunction with Affordable Housing Activities will implement a Concerted Strategy to stabilize or revitalize a Low-Income Area or an Underserved Rural Area. CMF Award Recipients are selected through a competitive process involving a careful review of their Application for program funding. The Application requires the submission of quantitative data and narrative responses for three parts: (1) Business and Leveraging Strategy, (2) Community Impact, and (3) Organizational Capacity. The Award selection process is defined in the Notice of Funding Availability (NOFA) for each funding round. CMF Award Recipients enter into Assistance Agreements with the CDFI Fund that set forth required terms and conditions of the Award, including reporting and data collection requirements. The Assistance Agreement requires the submission of an annual CMF Performance Report. The information collected in the CMF Performance Report is reviewed to ensure the Recipient’s compliance with its Performance Goals and contractual VerDate Sep<11>2014 18:32 Apr 28, 2021 Jkt 253001 obligations, as well as the overall performance of the program. Form: Capital Magnet Fund Application; Capital Magnet Fund Annual Report. Affected Public: Businesses or other for-profit organizations; and State, Local, and Tribal governments. Estimated Number of Respondents: 137 (Application); 291 (CMF Performance Report). Frequency of Response: Annually. Estimated Total Number of Annual Responses: 137 (Application); 291 (CMF Performance Report). Estimated Time per Response: 120 hours (Application); 20 hours (CMF Performance Report). Estimated Total Annual Burden Hours: 16,440 hours (Application); 5,820 hours (CMF Performance Report). Authority: 44 U.S.C. 3501 et seq. special meetings also may be held. Membership consists of up to 20 representative or special government employee members who are appointed by Treasury. The members are seniorlevel officials who are employed by primary dealers, institutional investors, and other major participants in the government securities and financial markets as well as recognized experts in the fields of economics and finance, financial market analysis, or financial institutions and markets. The Treasury Department transmitted copies of the Committee’s renewal charter to the Senate Committee on Finance, the House Committee on Ways and Means, the Senate Committee on Banking, Housing and Urban Affairs, and the House Committee on Financial Services in Congress on or about April 20, 2021. Dated: April 23, 2021. Molly Stasko, Treasury PRA Clearance Officer. Dated: April 26, 2021. Fred Pietrangeli, Director of the Office of Debt Management. [FR Doc. 2021–08928 Filed 4–28–21; 8:45 am] [FR Doc. 2021–08967 Filed 4–28–21; 8:45 am] BILLING CODE 4810–70–P BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY DEPARTMENT OF VETERANS AFFAIRS Departmental Offices; Renewal of the Treasury Borrowing Advisory Committee, Formerly Known as the Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association ACTION: Notice of renewal. In accordance with the Federal Advisory Committee Act, as amended, with the concurrence of the General Services Administration, the Secretary of the Treasury is renewing the Treasury Borrowing Advisory Committee (the ‘‘Committee’’). FOR FURTHER INFORMATION CONTACT: Fred Pietrangeli, Director, Office of Debt Management (202) 622–1876. SUPPLEMENTARY INFORMATION: The purpose of the Committee is to provide informed advice as representatives of the financial community to the Secretary of the Treasury and Treasury staff, upon the Secretary of the Treasury’s request, in carrying out Treasury responsibilities for Federal financing and public debt management. The Committee meets to consider and provide advice on special items pertaining to immediate Treasury funding requirements and longer term approaches to manage the national debt in a cost-effective manner. The Committee usually meets immediately before Treasury announces each quarter’s funding operation, although SUMMARY: PO 00000 Frm 00168 Fmt 4703 Sfmt 4703 Geriatric and Gerontology Advisory Committee; AMENDED, Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act, 5 U.S.C. App.2, that a meeting of the Geriatric and Gerontology Advisory Committee will be held on Tuesday, April 27, 2021 and Wednesday, April 28, 2021, from 12:00 p.m. to 4:00 p.m. (Eastern Daylight Time) on both days. This meeting will be virtual and open to the public. The purpose of the Committee is to provide advice to the Secretary of VA and the Under Secretary for Health on all matters pertaining to geriatrics and gerontology. The Committee assesses the capability of VA health care facilities and programs to meet the medical, psychological, and social needs of older Veterans, and evaluates VA programs designated as Geriatric Research, Education, and Clinical Centers. Although no time will be allocated for receiving oral presentations from the public, members of the public may submit written statements for review by the Committee to: Marianne Shaughnessy, CRNP, Ph.D., Designated Federal Officer, Veterans Health Administration by email at Marianne.Shaughnessy@va.gov. E:\FR\FM\29APN1.SGM 29APN1

Agencies

[Federal Register Volume 86, Number 81 (Thursday, April 29, 2021)]
[Notices]
[Pages 22791-22792]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08928]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Capital Magnet Fund Application and 
Performance Report

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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

SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments must be received on or before June 1, 2021.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

[[Page 22792]]


FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Community Development Financial Institutions Fund (CDFIF)

    Title: Capital Magnet Fund Application and Performance Report.
    OMB Control Number: 1559-0036.
    Type of Review: Revision of a currently approved collection.
    Description: The Capital Magnet Fund was established through the 
Housing and Economic Recovery Act of 2008 (Pub. L. 110-289) or HERA, as 
a competitive grant program administered by the CDFI Fund. Through CMF, 
the CDFI Fund provides financial assistance grants to Certified 
Community Development Financial Institutions (CDFIs) and qualified 
Nonprofit Organizations with the development or management of 
Affordable Housing, as defined in 12 CFR part 1807, as one of their 
principal purposes. Capitalized terms not defined in this Notice (other 
than titles) have the meaning set forth in the CMF Interim Rule (12 CFR 
part 1807). CMF awards must be used to attract private financing for 
and increase investment in: (i) The Development, Preservation, 
Rehabilitation, and Purchase of Affordable Housing for primarily 
Extremely Low-, Very Low-, and Low-Income Families; and (ii) Economic 
Development Activities which, in conjunction with Affordable Housing 
Activities will implement a Concerted Strategy to stabilize or 
revitalize a Low-Income Area or an Underserved Rural Area.
    CMF Award Recipients are selected through a competitive process 
involving a careful review of their Application for program funding. 
The Application requires the submission of quantitative data and 
narrative responses for three parts: (1) Business and Leveraging 
Strategy, (2) Community Impact, and (3) Organizational Capacity. The 
Award selection process is defined in the Notice of Funding 
Availability (NOFA) for each funding round.
    CMF Award Recipients enter into Assistance Agreements with the CDFI 
Fund that set forth required terms and conditions of the Award, 
including reporting and data collection requirements. The Assistance 
Agreement requires the submission of an annual CMF Performance Report. 
The information collected in the CMF Performance Report is reviewed to 
ensure the Recipient's compliance with its Performance Goals and 
contractual obligations, as well as the overall performance of the 
program.
    Form: Capital Magnet Fund Application; Capital Magnet Fund Annual 
Report.
    Affected Public: Businesses or other for-profit organizations; and 
State, Local, and Tribal governments.
    Estimated Number of Respondents: 137 (Application); 291 (CMF 
Performance Report).
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 137 (Application); 291 
(CMF Performance Report).
    Estimated Time per Response: 120 hours (Application); 20 hours (CMF 
Performance Report).
    Estimated Total Annual Burden Hours: 16,440 hours (Application); 
5,820 hours (CMF Performance Report).

    Authority: 44 U.S.C. 3501 et seq.

    Dated: April 23, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-08928 Filed 4-28-21; 8:45 am]
BILLING CODE 4810-70-P
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