[Federal Register Volume 75, Number 47 (Thursday, March 11, 2010)]
[Notices]
[Page 11634]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-5158]
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DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Proposed Collection; Comment Request
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its 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 of 1995 44, U.S.C. 3506(c)(2)(A).
Currently, the Community Development Financial Institutions (CDFI)
Fund, Department of the Treasury, is soliciting comments concerning the
Native American CDFI Assistance (NACA) Application.
DATES: Written comments should be received on or before May 10, 2010 to
be assured of consideration.
ADDRESSES: Direct all comments to Ruth Jaure, CDFI/NACA Program
Manager, at the Community Development Financial Institutions Fund, U.S.
Department of the Treasury, 601 13th Street, NW., Suite 200 South,
Washington, DC 20005, by e-mail to [email protected] or by
facsimile to (202) 622-7754. Please note this is not a toll free
number.
FOR FURTHER INFORMATION CONTACT: The NACA Application may be obtained
from the Native Initiatives page of the CDFI Fund's Web site at http://www.cdfifund.gov. Requests for additional information should be
directed to Ruth Jaure, CDFI/NACA Program Manager, Community
Development Financial Institutions Fund, U.S. Department of the
Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005,
or call (202) 622-9156. Please note this is not a toll free number.
SUPPLEMENTARY INFORMATION:
Title: Native American CDFI Assistance (NACA) Program Application.
OMB Number: 1559-0025.
Abstract: Through NACA, the CDFI Fund provides Financial Assistance
(FA) awards to Native CDFIs whose Comprehensive Business Plans
demonstrate community development impact. Impact is measured through
the deployment of credit, capital, and financial services to the
applicant's Target Markets or an expansion into new Investment Areas,
Low-Income Targeted Populations, or Other Targeted Populations.
The CDFI Fund also provides Technical Assistance (TA) grants to
certified CDFIs, Sponsoring Entities (such as Tribal governments), and
other organizations proposing to become Native CDFIs in order to build
their capacity to better address the community development and capital
access needs of their existing or proposed Target Markets and/or to
become certified CDFIs. The regulations governing the CDFI Program are
found at 12 CFR part 1805 and provide guidance on evaluation criteria
and other requirements of NACA.
The questions that the application contains, and the information
generated thereby, will enable the CDFI Fund to evaluate applicants'
activities and determine the extent of applicants' eligibility for a
NACA award. Failure to collect this information could result in
improper uses of Federal funds.
Current Actions: Extension of a currently approved collection.
Type of Review: Regular Review.
Affected Public: Certified NACA CDFIs and entities seeking NACA
CDFI Certification.
Estimated Number of Respondents: 100
Estimated Annual Time per Respondent: 100 hours
Estimated Total Annual Burden Hours: 10,000 hours
Requests 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. All comments will become a matter of
public record and may be published on the CDFI Fund website at http://www.cdfifund.gov. Comments are invited on: (a) Whether the collection
of information is necessary for the proper performance of the functions
of the CDFI Fund, including whether the information shall have
practical utility; (b) the accuracy of the CDFI Fund'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
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 to provide information.
The CDFI Fund specifically requests comments concerning the
following: (1) Whether offering separate applications for the FA and TA
components would reduce the burden on applicants; (2) if an applicant
eligibility screen should be applied before the application deadline,
allowing applicants to determine beforehand if they would be qualified
to receive an award; (3) if detailed Matching Funds documentation
should be collected later in the application review process, and if the
Matching Funds documentation is to be collected, what is a reasonable
amount of time to expect an applicant to provide this data; (4) the
merit of reducing the narrative page limits in the application; (5) the
potential burden of requiring specific documents to support proposed
uses of TA funds, namely Statements of Work for professional services,
and resumes and/or position descriptions for personnel; and (6) the
potential burden of requiring additional documentation to support the
application, namely tax returns (Form 990), Certificates of Good
Standing, operating budgets, lists of sources of capital, rate sheets
for products and services, and borrower characteristic profiles.
Authority: 12 CFR part 1805.
Dated: March 3, 2010.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2010-5158 Filed 3-10-10; 8:45 am]
BILLING CODE 4810-70-P