Notice of Information Collection and Request for Public Comment, 51445-51446 [2021-19865]
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Federal Register / Vol. 86, No. 176 / Wednesday, September 15, 2021 / Notices
mandated responsibility to ensure that
only eligible small businesses owned
and controlled by socially and
economically disadvantaged individuals
may compete for such contracts.
Uniform Report of DBE Awards/
Commitments and Payments
Respondents: State and local
recipients of DOT funds.
Number of Respondents: 1,198
recipients.
Frequency: Once/twice a year.
Number of Responses: 1,198 (one per
recipient).
Total Annual Burden: 315 hours and
$61,000.
Uniform Certification Application Form
Respondents: Firms applying for
initial DBE or ACDBE certification.
Number of Respondents: 9,500.
Frequency: Once during initial
certification.
Number of Responses: 9,500 (one per
respondent).
Total Annual Burden: 40 hours and
$2,000.
Annual Affidavit of No Change
Respondents: Firms that have DBE or
ACDBE certification.
Number of Respondents: 45,525
(41,800 DBEs and 3,725 ACDBEs).
Frequency: Once per year.
Number of Responses: 45,525 (one per
respondent).
Total Annual Burden: 91,050 hours (2
hours/respondent * 45,525 respondents)
and $4,552,500 ($100/respondent *
45,525 respondents).
Personal Net Worth Form
Respondents: Firms applying for DBE
or ACDBE certification.
Number of Respondents: 9,500.
Frequency: Once.
Number of Responses: 9,500.
Total Annual Burden: 95,000 hours
(10 hours/respondent * 9,500
respondents) and $28.5 million ($150/
hour x 10 hours/respondent = $1,500/
respondent; $1,500/respondent * 9,500
respondents = $14.25 million).
khammond on DSKJM1Z7X2PROD with NOTICES
Percentage of DBEs in Various
Categories
Respondents: States (through their
Unified Certification Programs).
Number of Respondents: 53 (50 states,
plus the District of Columbia, Puerto
Rico, and the Northern Mariana
Islands).
Frequency: Once per year.
Number of Responses: 53.
Total Annual Burden: 180 hours and
$10,000.
Public Comments Invited: You are
asked to comment on any aspect of this
VerDate Sep<11>2014
17:08 Sep 14, 2021
Jkt 253001
information collection, including (a)
Whether the proposed collection of
information is necessary for the
Department’s performance; (b) the
accuracy of the estimated burden; (c)
ways for the Department to enhance the
quality, utility and clarity of the
information collection; and (d) ways
that the burden could be minimized
without reducing the quality of the
collected information. The agency will
summarize and/or include your
comments in the request for OMB’s
clearance of this information collection.
Authority: The Paperwork Reduction
Act of 1995; 44 U.S.C. Chapter 35, as
amended; and 49 CFR 1.48.
Issued in Washington, DC on September 8,
2021.
Irene B. Marion,
Director, Departmental Office of Civil Rights,
U.S. Department of Transportation.
[FR Doc. 2021–19938 Filed 9–14–21; 8:45 am]
BILLING CODE 4910–9X–P
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Notice of Information Collection and
Request for Public Comment
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.
Currently, the Community Development
Financial Institutions (CDFI) Fund, a
wholly owned government corporation
within the Department of the Treasury,
is soliciting comments concerning the
CDFI Bond Guarantee Program’s
information collection. The CDFI Bond
Guarantee Program proposes minor
revisions to the existing approved forms
and is seeking approval for a Tertiary
Loan Monitoring (TLM) Report.
DATES: Written comments should be
received on or before November 15,
2021 to be assured of consideration.
ADDRESSES: Direct all comments to
Susan Suckfiel, CDFI Bond Guarantee
Program Manager, at the Community
Development Financial Institutions
Fund, U.S. Department of the Treasury,
at bgp@cdfi.treas.gov.
FOR FURTHER INFORMATION CONTACT: You
may request a copy of the Tertiary Loan
SUMMARY:
PO 00000
Frm 00108
Fmt 4703
Sfmt 4703
51445
Monitoring Report and current
information collection by emailing
Susan Suckfiel, CDFI Bond Guarantee
Program Manager, at bgp@cdfi.treas.gov.
Requests for additional information
should be directed to Susan Suckfiel,
CDFI Bond Guarantee Program Manager,
at the Community Development
Financial Institutions Fund, U.S.
Department of the Treasury, 1500
Pennsylvania Avenue NW, Washington,
DC 20220, (202) 653–0421, option 5 (not
a toll-free number), or by email to bgp@
cdfi.treas.gov.
SUPPLEMENTARY INFORMATION: The
information collection currently
includes the following applications and
reports: (1) Qualified Issuer Application
(including, Appendix QI–2E), (2)
Guarantee Application (including,
Appendices A–2A, A–2C, and B–ID), (3)
Secondary Loan Requirements
Certification, (4) Financial Condition
Monitoring (FCM) Report, (5) Pledged
Loan Monitoring (PLM) Report, (6)
Annual Assessment Report, and (7)
Secondary Loan Commitment Form.
Regarding the minor edits, for the
Pledged Loan Monitoring Report, there
is an additional field, column (14f) the
‘Pledged Loan Date’; also, several
unused fields were removed. For the
Secondary Loan Commitment Form, the
following additional rows were added to
the signature line: Bond Identifier,
Reviewing Official Name, and
Approving Official Name. The
Guarantee Application was updated to
reflect a new year (2021) application
round and new application deadlines.
The minor revisions to the Guarantee
Application are: the addition of a
clarifying paragraph regarding
applications which are deferred until a
subsequent application round, updated
AMIS charts and instructions, a
reference to the new sample template to
the Term Sheet, and the deletion of
references to additional collateral
requirements and third party support
that are no longer applicable. Lastly, the
Qualified Issuer application received
the following minor updates: references
to a new year (2021) application round,
new application deadlines, and AMIS
charts and instructions. The proposed
Tertiary Loan Report will provide the
CDFI Fund with information to monitor
this type of collateral for the program
that otherwise is not collected.
The total information collection: (1)
Qualified Issuer Application, (2)
Guarantee Application, (3) Secondary
Loan Requirements Certification, (4)
Financial Condition Monitoring Report,
(5) Pledged Loan Monitoring Report, (6)
Tertiary Loan Monitoring Report, (7)
Annual Assessment Report, and (8)
E:\FR\FM\15SEN1.SGM
15SEN1
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51446
Federal Register / Vol. 86, No. 176 / Wednesday, September 15, 2021 / Notices
Secondary Loan Commitment Form)
will encompass OMB Control Number
1559–0044.
Title: CDFI Bond Guarantee Program
Secondary Loan Commitment Form
required by 12 CFR part
1808.101(d)(1)(2).
OMB Number: 1559–0044.
Abstract: The purpose of the
Community Development Financial
Institutions (CDFI) Bond Guarantee
Program (BG 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 BG Program provides
CDFIs with a 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 Community Development
Financial Institutions (CDFIs).
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 and
statutory and regulatory requirements.
The reporting forms are necessary for
the Department of the Treasury’s review
and impact analysis on the current and
proposed use of Bond Proceeds in
underserved communities and to
support the CDFI Fund in proactively
managing regulatory compliance. 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 area and parameters are
consistent with the requirements
contained in 12 CFR part
1808.101(d)(1)(2) of the CDFI Bond
Guarantee Program Interim Rule.
Current Actions: New Collection
(Tertiary Loan Monitoring Report).
Type of Review: Regular Review.
Affected Public: Approved Eligible
CDFIs and Qualified Issuers (QI).
Estimated Number of Eligible CDFI
and QI Respondents: 15.
Estimated Annual Time per Eligible
CDFI and QI Respondent: 1.66 hours.
Estimated Total Annual Burden
Hours: 300 hours.
Current Actions: Renewal (Qualified
Issuer and Guarantee Applications,
Secondary Loan Requirements
Certification, FCM, PLM, and Annual
VerDate Sep<11>2014
17:08 Sep 14, 2021
Jkt 253001
Assessment Reports, and Secondary
Loan Commitment Form).
Type of Review: Regular Review.
Affected Public: Approved Eligible
CDFIs and Qualified Issuers (QI).
Estimated Number of Eligible CDFI
and QI Respondents: 40.
Estimated Annual Time per Eligible
CDFI and QI Respondent: 100.694
hours.
Estimated Total Annual Burden
Hours: 9,630 hours.
Requests for Comments
Copies of the forms can be found at
CDFI Bond Guarantee Program |
Community Development Financial
Institutions Fund (cdfifund.gov).
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 website 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) Is there any input that the
general public would like to share
regarding our current information
collection?
(2) Does the proposed TLM Report
provide clarity on the expectations for
meeting the requirements contained in
12 CFR part 1808.101(d)(1)(2)?
(3) Is there additional information or
guidance that the CDFI Fund can
provide to clarify the commitment test
review process?
(4) Does the proposed TLM report
contain the appropriate data points to
ensure that it verifies the amount of
collateralization pledged against the
secondary loans for approved CDFIs that
use the CDFI-to-financing entity asset
class?
PO 00000
Frm 00109
Fmt 4703
Sfmt 4703
Authority: 12 CFR part 1808.
Jodie L. Harris,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2021–19865 Filed 9–14–21; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Title: Community Development
Advisory Board Notice of Open
Meeting.
Action: Notice of open meeting.
Executive Summary: This notice
announces an open meeting of the
Community Development Advisory
Board (the Advisory Board), which
provides advice to the Director of the
Community Development Financial
Institutions Fund (CDFI Fund). This
meeting will be conducted virtually. A
link to the livestream of the meeting
will be posted at the top of
www.cdfifund.gov/cdab the morning of
the meeting.
Dates: The meeting will be held from
3:30 p.m. to 5:00 p.m. Eastern Time on
Thursday, September 30, 2021.
Submission of Written Statements:
Participation in the discussions at the
meeting will be limited to Advisory
Board members, Department of the
Treasury staff, and certain invited
guests. Anyone who would like to have
the Advisory Board consider a written
statement must submit it by 5:00 p.m.
Eastern Time on Wednesday, September
22, 2021. Send electronic statements to
AdvisoryBoard@cdfi.treas.gov.
In general, the CDFI Fund will make
all statements available in their original
format, including any business or
personal information provided such as
names, addresses, email addresses, or
telephone numbers, for virtual public
inspection and copying. The CDFI Fund
is open on official business days
between the hours of 9:00 a.m. and 5:00
p.m. Eastern Time. You can make
arrangements to virtually inspect
statements by emailing AdvisoryBoard@
cdfi.treas.gov. All statements received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. You should only submit
information that you wish to make
publicly available.
For Further Information: Contact Bill
Luecht, Senior Advisor, Office of
Legislative and External Affairs, CDFI
Fund; (202) 653–0322 (this is not a toll
free number); or AdvisoryBoard@
cdfi.treas.gov. Other information
regarding the CDFI Fund and its
E:\FR\FM\15SEN1.SGM
15SEN1
]]>Agencies
[Federal Register Volume 86, Number 176 (Wednesday, September 15, 2021)]
[Notices]
[Pages 51445-51446]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-19865]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Notice of Information Collection and Request for Public Comment
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. Currently, the Community
Development Financial Institutions (CDFI) Fund, a wholly owned
government corporation within the Department of the Treasury, is
soliciting comments concerning the CDFI Bond Guarantee Program's
information collection. The CDFI Bond Guarantee Program proposes minor
revisions to the existing approved forms and is seeking approval for a
Tertiary Loan Monitoring (TLM) Report.
DATES: Written comments should be received on or before November 15,
2021 to be assured of consideration.
ADDRESSES: Direct all comments to Susan Suckfiel, CDFI Bond Guarantee
Program Manager, at the Community Development Financial Institutions
Fund, U.S. Department of the Treasury, at [email protected].
FOR FURTHER INFORMATION CONTACT: You may request a copy of the Tertiary
Loan Monitoring Report and current information collection by emailing
Susan Suckfiel, CDFI Bond Guarantee Program Manager, at
[email protected]. Requests for additional information should be
directed to Susan Suckfiel, CDFI Bond Guarantee Program Manager, at the
Community Development Financial Institutions Fund, U.S. Department of
the Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220, (202)
653-0421, option 5 (not a toll-free number), or by email to
[email protected].
SUPPLEMENTARY INFORMATION: The information collection currently
includes the following applications and reports: (1) Qualified Issuer
Application (including, Appendix QI-2E), (2) Guarantee Application
(including, Appendices A-2A, A-2C, and B-ID), (3) Secondary Loan
Requirements Certification, (4) Financial Condition Monitoring (FCM)
Report, (5) Pledged Loan Monitoring (PLM) Report, (6) Annual Assessment
Report, and (7) Secondary Loan Commitment Form. Regarding the minor
edits, for the Pledged Loan Monitoring Report, there is an additional
field, column (14f) the `Pledged Loan Date'; also, several unused
fields were removed. For the Secondary Loan Commitment Form, the
following additional rows were added to the signature line: Bond
Identifier, Reviewing Official Name, and Approving Official Name. The
Guarantee Application was updated to reflect a new year (2021)
application round and new application deadlines. The minor revisions to
the Guarantee Application are: the addition of a clarifying paragraph
regarding applications which are deferred until a subsequent
application round, updated AMIS charts and instructions, a reference to
the new sample template to the Term Sheet, and the deletion of
references to additional collateral requirements and third party
support that are no longer applicable. Lastly, the Qualified Issuer
application received the following minor updates: references to a new
year (2021) application round, new application deadlines, and AMIS
charts and instructions. The proposed Tertiary Loan Report will provide
the CDFI Fund with information to monitor this type of collateral for
the program that otherwise is not collected.
The total information collection: (1) Qualified Issuer Application,
(2) Guarantee Application, (3) Secondary Loan Requirements
Certification, (4) Financial Condition Monitoring Report, (5) Pledged
Loan Monitoring Report, (6) Tertiary Loan Monitoring Report, (7) Annual
Assessment Report, and (8)
[[Page 51446]]
Secondary Loan Commitment Form) will encompass OMB Control Number 1559-
0044.
Title: CDFI Bond Guarantee Program Secondary Loan Commitment Form
required by 12 CFR part 1808.101(d)(1)(2).
OMB Number: 1559-0044.
Abstract: The purpose of the Community Development Financial
Institutions (CDFI) Bond Guarantee Program (BG 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 BG Program provides CDFIs with a 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 Community Development Financial Institutions (CDFIs).
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 and statutory and
regulatory requirements. The reporting forms are necessary for the
Department of the Treasury's review and impact analysis on the current
and proposed use of Bond Proceeds in underserved communities and to
support the CDFI Fund in proactively managing regulatory compliance.
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 area and parameters are consistent with
the requirements contained in 12 CFR part 1808.101(d)(1)(2) of the CDFI
Bond Guarantee Program Interim Rule.
Current Actions: New Collection (Tertiary Loan Monitoring Report).
Type of Review: Regular Review.
Affected Public: Approved Eligible CDFIs and Qualified Issuers
(QI).
Estimated Number of Eligible CDFI and QI Respondents: 15.
Estimated Annual Time per Eligible CDFI and QI Respondent: 1.66
hours.
Estimated Total Annual Burden Hours: 300 hours.
Current Actions: Renewal (Qualified Issuer and Guarantee
Applications, Secondary Loan Requirements Certification, FCM, PLM, and
Annual Assessment Reports, and Secondary Loan Commitment Form).
Type of Review: Regular Review.
Affected Public: Approved Eligible CDFIs and Qualified Issuers
(QI).
Estimated Number of Eligible CDFI and QI Respondents: 40.
Estimated Annual Time per Eligible CDFI and QI Respondent: 100.694
hours.
Estimated Total Annual Burden Hours: 9,630 hours.
Requests for Comments
Copies of the forms can be found at CDFI Bond Guarantee Program
[verbar] Community Development Financial Institutions Fund
(cdfifund.gov). 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 website 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) Is there any input that the general public
would like to share regarding our current information collection?
(2) Does the proposed TLM Report provide clarity on the
expectations for meeting the requirements contained in 12 CFR part
1808.101(d)(1)(2)?
(3) Is there additional information or guidance that the CDFI Fund
can provide to clarify the commitment test review process?
(4) Does the proposed TLM report contain the appropriate data
points to ensure that it verifies the amount of collateralization
pledged against the secondary loans for approved CDFIs that use the
CDFI-to-financing entity asset class?
Authority: 12 CFR part 1808.
Jodie L. Harris,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2021-19865 Filed 9-14-21; 8:45 am]
BILLING CODE 4810-70-P
