Notice2024-28833
Notice of Information Collection and Request for Public Comment
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 9, 2024
Issuing agencies
Treasury DepartmentCommunity Development Financial Institutions Fund
Abstract
The U.S. Department of the Treasury, as part of a 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 (PRA) of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning information collections utilized by the CDFI Bond Guarantee Program (BG Program). Information on the BG Program can be found on the CDFI Fund's website at https:// www.cdfifund.gov/programs-training/programs/cdfi-bond.
Full Text
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<title>Federal Register, Volume 89 Issue 236 (Monday, December 9, 2024)</title>
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[Federal Register Volume 89, Number 236 (Monday, December 9, 2024)]
[Notices]
[Pages 97705-97706]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-28833]
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Notice of Information Collection and Request for Public Comment
ACTION: Notice and request for public comment.
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SUMMARY: The U.S. Department of the Treasury, as part of a 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 (PRA) of 1995. Currently, the Community
Development Financial Institutions Fund (CDFI Fund), U.S. Department of
the Treasury, is soliciting comments concerning information collections
utilized by the CDFI Bond Guarantee Program (BG Program). Information
on the BG Program can be found on the CDFI Fund's website at <a href="https://www.cdfifund.gov/programs-training/programs/cdfi-bond">https://www.cdfifund.gov/programs-training/programs/cdfi-bond</a>.
DATES: Written comments must be received on or before February 7, 2025
to be assured of consideration.
ADDRESSES: You may submit comments concerning the BG Program
information collections via the Federal e-Rulemaking Portal at
<a href="http://www.regulations.gov">www.regulations.gov</a>. Follow the instructions on the website for the
submission of comments. In general, all comments will be available for
inspection at <a href="http://www.regulations.gov">www.regulations.gov</a>. Comments, including attachments and
other supporting materials, are part of the public record. Do not
submit any information in your comments or supporting materials that
you consider confidential or inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT: Susan Suckfiel, BG Program Manager,
CDFI Fund, U.S. Department of the Treasury, 1500 Pennsylvania Avenue
NW, Washington DC 20220, (202) 653-0421 (not a toll-free number) or by
email to <a href="/cdn-cgi/l/email-protection#16747166567572707f38626473776538717960"><span class="__cf_email__" data-cfemail="a4c6c3d4e4c7c0c2cd8ad0d6c1c5d78ac3cbd2">[email protected]</span></a>. Information regarding the CDFI Fund and
its programs may be obtained through the CDFI Fund's website at <a href="http://www.cdfifund.gov">http://www.cdfifund.gov</a>.
SUPPLEMENTARY INFORMATION:
Titles: BG Program Information Collections--(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) Secondary Loan Commitment Form.
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). The
operation of the BG Program is supported by the collection of
information across various forms, collectively the BG Program
Information Collections: (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) Secondary Loan Commitment Form. There are no
significant content changes to the forms; however, minor, non-
substantive changes may have been made to certain forms in order to
improve the clarity and/or accuracy of the data collections.
Copies of the forms constituting the BG Program Information
Collection may be found on the CDFI Fund's website at <a href="https://www.cdfifund.gov">https://www.cdfifund.gov</a>.
Current Actions: Extension without change of currently approved
collection.
Type of Review: Regular.
Affected Public: Approved Eligible CDFIs and Qualified Issuers
(QI).
Table 1--All Forms--Estimated Reporting Burden
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Number of Number of Number of
Form Number of responses per annual Hours per hours
respondents respondent responses response annually
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Bond Guarantee Program Application Materials 20 1 20 80 1,600
(Qualified Issuer Application and Guarantee
Application)................................
Financial Condition Monitoring (FCM) Report.. 40 4 160 1.5 240
Pledged Loan Monitoring (PLM) Report......... 40 12 480 1.5 720
Tertiary Loan Monitoring (TLM) Report........ 15 12 180 1.5 270
Annual Assessment............................ 40 1 40 2 80
Secondary Loan Commitment Form and 40 1 40 3 120
Certification Form..........................
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Total.................................... ........... .............. 920 .......... 3,030
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Request for Comments: Comments submitted in response to this Notice
will be summarized and/or included in the request for Office of
Management and Budget approval. Comments concerning the BG Program
Information Collection are invited on: (a) whether the collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information shall have practical
utility; (b) the accuracy of the agency'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
[[Page 97706]]
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 required to provide information.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collections of
information displays a valid OMB control number.
Authority: 12 CFR part 1808.
Pravina Raghavan,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2024-28833 Filed 12-6-24; 8:45 am]
BILLING CODE 4810-05-P
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