Notice2023-27489
Agency Information Collection Activities; Submission for OMB Review; Comment Request; State Small Business Credit Initiative
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
December 14, 2023
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 88 Issue 239 (Thursday, December 14, 2023)</title>
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[Federal Register Volume 88, Number 239 (Thursday, December 14, 2023)]
[Notices]
[Pages 86731-86732]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-27489]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; State Small Business Credit Initiative
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: Written comments must be received on or before January 16, 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 <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 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 <a href="/cdn-cgi/l/email-protection#a0f0f2e1e0d4d2c5c1d3d5d2d98ec7cfd6"><span class="__cf_email__" data-cfemail="7e2e2c3f3e0a0c1b1f0d0b0c0750191108">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Title: State Small Business Credit Initiative.
OMB Control Number: 1505-0227.
Type of Review: Revision of a currently approved collection.
Description: This information collection captures information
related to the State Small Business Credit Initiative (SSBCI). The
American Rescue Plan Act of 2021 (ARPA) reauthorized and amended the
Small Business Jobs Act of 2010 (SSBCI statute) to fund the SSBCI as a
response to the economic effects of the COVID-19 pandemic.\1\ SSBCI is
a Federal program administered by the U.S. Department of the Treasury
(Treasury) that was created to strengthen the programs of jurisdictions
(i.e., States, the District of Columbia, Territories, Tribal
governments) that support private financing for small businesses as
well as to provide technical assistance (TA) to qualifying small
businesses. Under the allocation formula-based TA Grant Program,
Treasury awards Federal grants to eligible jurisdictions for the
provision of legal, accounting, and financial advisory services to
qualifying small businesses applying for the SSBCI Capital Program and
other Federal or other jurisdiction small business programs. Treasury
is updating the burden estimate for OMB Control
[[Page 86732]]
Number 1505-0227 to better account for applications received under the
SSBCI Capital and TA Grant Programs,\2\ as well as the reporting
requirements under the TA Grant Program: \3\
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\1\ ARPA, Public Law 117-2, sec. 3301, codified at 12 U.S.C.
5701 et seq. SSBCI was originally established in title III of the
Small Business Jobs Act of 2010.
\2\ Treasury originally estimated it would receive 500 SSBCI
Capital Program applications, but received approximately 200
applications. Similarly, Treasury originally estimated it would
receive 500 TA Grant Program applications, but now expects that
number to be approximately 138 applications.
\3\ Treasury has published draft TA Grant Program Reporting
Guidance on its website at <a href="https://home.treasury.gov/system/files/136/SSBCI-Technical-Assistance-Reporting-Guidance.pdf">https://home.treasury.gov/system/files/136/SSBCI-Technical-Assistance-Reporting-Guidance.pdf</a>.
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Form: Treasury's reporting portal, various templates.
Affected Public: State, Territorial and Tribal governments, small
businesses.
Estimated Number of Respondents: 200.
Frequency of Response: Once, on occasion, annually, semiannually,
quarterly.
Estimated Total Number of Annual Responses: 112,376.
Estimated Time per Response: Varies by response type.
Estimated Total Annual Burden Hours: 24,877.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2023-27489 Filed 12-13-23; 8:45 am]
BILLING CODE 4810-AK-P
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