Notice2021-25660
Agency Information Collection Activities; Submission for OMB Review; Community Development Financial Institutions Funds Bond Guarantee Program
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 24, 2021
Issuing agencies
Treasury Department
Abstract
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.
Full Text
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<title>Federal Register, Volume 86 Issue 224 (Wednesday, November 24, 2021)</title>
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[Federal Register Volume 86, Number 224 (Wednesday, November 24, 2021)]
[Notices]
[Page 67122]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25660]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Community Development Financial Institutions Funds Bond
Guarantee Program
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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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 must be received on or before December 27, 2021.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. 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 Molly Stasko by emailing <a href="/cdn-cgi/l/email-protection#2c7c7e6d6c585e494d5f595e55024b435a"><span class="__cf_email__" data-cfemail="96c6c4d7d6e2e4f3f7e5e3e4efb8f1f9e0">[email protected]</span></a>, calling (202)
622-8922, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Title: Bond Guarantee Program.
OMB Control Number: 1559-0044.
Type of Review: Revision of a currently approved collection.
Description: 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.
Forms: Qualified Issuer Application, Guarantee Application,
Secondary Loan Requirements Certification, Secondary Loan Commitment
Form, Financial Condition Monitoring Report, Pledged Loan Monitoring
Report, Tertiary Loan Monitoring Report, and Annual Assessment Report.
Affected Public: Businesses or other for-profits, and Not-for-
profit institutions.
Estimated Number of Respondents: 90.
Frequency of Response: On occasion for applications, Annually for
reports.
Estimated Total Number of Annual Responses: 990.
Estimated Time per Response: 92.222 hours for applications, 1.66-2
hours for reports.
Estimated Total Annual Burden Hours: 9,873.
Authority: 44 U.S.C. 3501 et seq.
Dated: November 18, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-25660 Filed 11-23-21; 8:45 am]
BILLING CODE 4810-70-P
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