[Federal Register: March 14, 2003 (Volume 68, Number 50)]
[Notices]
[Page 12401-12402]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14mr03-100]
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Notice of Proposed Information Collection for Public Comment:
Community Development Financial Institutions Fund, Bank Enterprise
Award Program, 2003-2004 Application
AGENCY: Community Development Financial Institutions Fund, Department
of the Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The proposed information collection requirement, concerning
the Community Development Financial
[[Page 12402]]
Institutions Fund (the Fund) Bank Enterprise Award (BEA) Program 2003-
2004 Application, pursuant to which insured depository institutions (as
defined by 12 U.S.C. 1813(c)(2)) may apply to the Fund for awards for
performing certain qualified activities (as defined by 12 CFR
1806.103(mm)), will be submitted to the Office of Management and Budget
(OMB) for review as required by the Paperwork Reduction Act. The Fund
is soliciting public comments on the subject proposal.
DATES: Written and electronic comments on the subject proposal must be
submitted to the Fund by May 13, 2003.
ADDRESSES: Interested persons are invited to submit comments regarding
the subject proposal. Comments should refer to the proposal by name and
should be sent by mail to: Margaret Nilson, Depository Institutions
Manager, CDFI Fund, 601 Thirteenth Street, NW., Suite 200, Washington
DC 20005; by e-mail to cdfihelp@cdfi.treas.gov; or by facsimile at
(202) 622-8244. This is not a toll free number.
FOR FURTHER INFORMATION CONTACT: Margaret Nilson, Depository
Institutions Manager, CDFI Fund, 601 Thirteenth Street, NW., Suite 200,
Washington DC 20005; telephone number: (202) 622-8917. This is not a
toll free number. Copies of the proposed application form and other
available information may be obtained from Ms. Nilson, or on the BEA
page of the Fund's Web site, at: http://www.cdfifund.gov.
page of the Fund's Web site, at: http://www.cdfifund.gov.
SUPPLEMENTARY INFORMATION: The Fund will submit the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended). This notice
is soliciting comments from members of the public and affected
organizations concerning the proposed collection of information to: (1)
Evaluate whether the proposed collection of information is necessary to
insure proper performance of the functions of the Fund, including
whether the information will have practical utility; (2) evaluate the
accuracy of the Fund's estimate of the burden of the proposed
collection of information; (3) enhance the quality, utility and clarity
of the information to be collected; and (4) minimize the burden of the
collection of information on those who are to respond, including
through use of appropriate automated collection techniques or other
forms of information technology, e.g., permitting electronic submission
of responses. Please note: The fund may not consider public comments in
the event that OMB determines that modifications to the proposed
information collection are not substantive and thus do not require that
the Fund obtain public comments prior to issuing the 2003-2004 BEA
Application.
This Notice also lists the following information:
Title of Proposal: Community Development Financial Institutions
Fund Bank Enterprise Award Program 2003-2004 Application.
Description of the need for information and proposed use: The Fund,
a wholly owned government corporation within the Department of the
Treasury, is administering the FY 2003 and FY 2004 funding rounds of
its BEA Program, pursuant to that certain Notice of Funds Availability
(NOFA), published in the Federal Register, on February 4, 2003, at 68
FR 5727 (2003). As provided in the NOFA, the Fund will make awards to
insured depository institutions, based upon such institutions'
completion of certain qualified activities, as reported in the
application. The application will solicit information concerning:
applicants' eligibility to participate in the BEA Program; the
character and quantity (value) of applicants' activities, and the
extent to which such activities may be qualified activities; and
appropriate supporting documentation. The questions that the
application contains, and the information generated thereby, will
enable the Fund to evaluate applicants' activities and determine the
extent of applicants' eligibility for a BEA Program award.
Members of the affected public: Every insured depository
institution that applies to the Fund for an award under the BEA Program
will be required to submit an application. One hundred fifty-nine (159)
such insured depository institutions applied to participate in the FY
2002 funding round.
Estimation of the total number of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response: The Fund estimates that completing
each application will take 15 hours, for a total maximum burden hour
estimate of 2,385 hours (based upon the number of applicants to the BEA
Program in the FY 2002 funding round) .
Total Estimated Annual Burden Hours: 2,385 hours.
Status of the proposed information collection: Pending OMB
approval.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.
Chapter 35, as amended; 12 U.S.C. 1834a; 12 U.S.C. 4713.
Dated: March 10, 2003.
Tony T. Brown,
Director, Community Development Financial Institutions Fund.
[FR Doc. 03-6147 Filed 3-13-03; 8:45 am]
BILLING CODE 4810-70-P