Agency Information Collection Activities; Submission for OMB Review; Comment Request; New Markets Tax Credit Program Application, 72713 [2024-19957]

Download as PDF Federal Register / Vol. 89, No. 172 / Thursday, September 5, 2024 / Notices [FR Doc. 2024–19918 Filed 9–4–24; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; New Markets Tax Credit Program Application Departmental Offices, Department of the Treasury. ACTION: Notice of information collection; request for comment. AGENCY: The Department of the Treasury will submit the following information collection request 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 this request. DATES: Comments should be received on or before October 7, 2024 to be assured of consideration. 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. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Spencer W. Clark by emailing PRA@treasury.gov, calling (202) 927–5331, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: khammond on DSKJM1Z7X2PROD with NOTICES SUMMARY: Community Development Financial Institutions Fund (CDFI Fund) Title: New Markets Tax Credit Program Application. OMB Control Number: 1559–0016. Type of Review: Reinstatement of a previously approved collection. Description: The New Markets Tax Credit (NMTC) Program provides an incentive to investors in the form of a tax credit, which is expected to stimulate investment in private capital that, and in turn, will facilitate economic and community development in low-income communities. To qualify for an allocation of tax credits under the NMTC Program an entity must be certified as a qualified community development entity and submit an allocation application to the CDFI Fund. VerDate Sep<11>2014 22:19 Sep 04, 2024 Jkt 262001 Upon receipt of such applications, the CDFI Fund will conduct a competitive review process to evaluate applications for the receipt of NMTC allocations. The NMTC Program Application has been updated for CY 2024–2026 based upon the CDFI Fund’s review and adjudication of public comments received in response to a Federal Register notice issued on February 23, 2024 (89 FR 13801). Form: New Markets Tax Credit Allocation Application. Affected Public: Businesses or other for-profits; State, Tribal or Local Governments. Estimated Number of Respondents: 197. Frequency of Response: Annually. Estimated Total Number of Annual Responses: 197. Estimated Time per Response: 305 hours. Estimated Total Annual Burden Hours: 60,121. Authority: 44 U.S.C. 3501 et seq. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2024–19957 Filed 9–4–24; 8:45 am] BILLING CODE 4810–70–P DEPARTMENT OF VETERANS AFFAIRS [OMB Control No. 2900–0891] Agency Information Collection Activity: COVID–19 Refund Modification Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice. DATES: Comments must be received on or before November 4, 2024. ADDRESSES: Comments must be submitted through www.regulations.gov. FOR FURTHER INFORMATION CONTACT: Program-Specific information: Nancy J. Kessinger, 202–632–8924, Nancy.Kessinger@va.gov. SUMMARY: PO 00000 Frm 00350 Fmt 4703 Sfmt 4703 72713 VA PRA information: Maribel Aponte, 202–461–8900, vacopaperworkreduact@ va.gov. SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. This request for comment is being made pursuant to Section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, VBA invites comments on: (1) whether the proposed collection of information is necessary for the proper performance of VBA’s functions, including whether the information will have practical utility; (2) the accuracy of VBA’s estimate of the burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Title: COVID–19 Refund Modification. OMB Control Number: 2900–0891. Type of Review: Extension of a currently approved collection. Abstract: VA is keeping this information collection open for resubmissions regarding the loan modification options available to servicers that do not require VA’s prior approval to include the COVID–19 Refund Modification, to assist certain COVID-impacted veterans as they exit a COVID–19 forbearance. Under 38 U.S.C. 3720(a)(2), Congress has provided the Secretary with discretion ‘‘[n]otwithstanding the provisions of any other law’’ to set the terms and conditions to which the Secretary will consent to loan modifications. Additionally, while VA has outlined in regulation at 38 CFR 36.4315(a) the terms of loan modifications that do not require prior VA approval, VA may waive a regulatory requirement if VA finds the interest of the Government are not adversely affected and such waiver would relieve undue prejudice to a debtor, holder, or other person without impairing the vest rights of any person affected. 38 CFR 36.4338(a). Affected Public: Individuals or Households. Estimated Annual Burden: 1,588. Estimated Average Burden per Respondent: 90 minutes. Frequency of Response: One time. Estimated Number of Respondents: 1,059. E:\FR\FM\05SEN1.SGM 05SEN1

Agencies

[Federal Register Volume 89, Number 172 (Thursday, September 5, 2024)]
[Notices]
[Page 72713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-19957]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; New Markets Tax Credit Program Application

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice of information collection; request for comment.

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

SUMMARY: The Department of the Treasury will submit the following 
information collection request 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 this request.

DATES: Comments should be received on or before October 7, 2024 to be 
assured of consideration.

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.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Community Development Financial Institutions Fund (CDFI Fund)

    Title: New Markets Tax Credit Program Application.
    OMB Control Number: 1559-0016.
    Type of Review: Reinstatement of a previously approved collection.
    Description: The New Markets Tax Credit (NMTC) Program provides an 
incentive to investors in the form of a tax credit, which is expected 
to stimulate investment in private capital that, and in turn, will 
facilitate economic and community development in low-income 
communities. To qualify for an allocation of tax credits under the NMTC 
Program an entity must be certified as a qualified community 
development entity and submit an allocation application to the CDFI 
Fund. Upon receipt of such applications, the CDFI Fund will conduct a 
competitive review process to evaluate applications for the receipt of 
NMTC allocations. The NMTC Program Application has been updated for CY 
2024-2026 based upon the CDFI Fund's review and adjudication of public 
comments received in response to a Federal Register notice issued on 
February 23, 2024 (89 FR 13801).
    Form: New Markets Tax Credit Allocation Application.
    Affected Public: Businesses or other for-profits; State, Tribal or 
Local Governments.
    Estimated Number of Respondents: 197.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 197.
    Estimated Time per Response: 305 hours.
    Estimated Total Annual Burden Hours: 60,121.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-19957 Filed 9-4-24; 8:45 am]
BILLING CODE 4810-70-P
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