80 FR 66970 - 60-Day Notice of Request for Renewal of a Previously Approved Collection

DEPARTMENT OF TRANSPORTATION
Office of the Secretary

Federal Register Volume 80, Issue 210 (October 30, 2015)

The Office of the Secretary, Office of Small and Disadvantaged Business Utilization (OSDBU), invites public comments about our intention to request the Office of Management and Budget's (OMB) approval to renew a collection. This collection renewal request includes one Short Term Lending Program (STLP) application used for both new loan guarantee applicants and renewal loan guarantee applicants. The information collected in the STLP application will determine the applicant's eligibility and is necessary to approve or deny a loan. We are required to publish this notice in the Federal Register by the Paperwork Reduction Act of 1995, Public Law 104-13.

[Federal Register Volume 80, Number 210 (Friday, October 30, 2015)]
[Notices]
[Pages 66970-66971]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27677]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

[Docket No. DOT-OST-2015-0211]


60-Day Notice of Request for Renewal of a Previously Approved 
Collection

AGENCY: Office of the Secretary (OST), Department of Transportation 
(Department) or (DOT).

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Office of the Secretary, Office of Small and Disadvantaged 
Business Utilization (OSDBU), invites public comments about our 
intention to request the Office of Management and Budget's (OMB) 
approval to renew a collection. This collection renewal request 
includes one Short Term Lending Program (STLP) application used for 
both new loan guarantee applicants and renewal loan guarantee 
applicants. The information collected in the STLP application will 
determine the applicant's eligibility and is necessary to approve or 
deny a loan. We are required to publish this notice in the Federal 
Register by the Paperwork Reduction Act of 1995, Public Law 104-13.

DATES: Written comments should be submitted by December 29, 2015.

ADDRESSES: You may submit your comments identified by DOT-OST-2015-0211 
by any of the following methods:
     Federal eRulemaking Portal: Go to http://www.regulations.gov/. Follow the online instructions for submitting 
comments.
     Fax: 1-202-493-2251.
     Mail or Hand Delivery: Docket Management Facility, U.S. 
Department of Transportation, 1200 New Jersey Avenue SE., West 
Building, Room W12-140, Washington, DC 20590, between 9 a.m. and 5 
p.m., Monday through Friday, except on Federal holidays.

FOR FURTHER INFORMATION CONTACT: John Ralston, Manager, Financial 
Assistance Division, Office of Small and Disadvantaged Business 
Utilization, Office of the Secretary, U.S. Department of 
Transportation, 1200 New Jersey Avenue SE., Washington, DC 20590, 
Routing Symbol S-40, 202-366-5577 (phone) or [email protected] 
(email).

    Supplementary Information:
    Title: Short Term Lending Program Application for a Loan Guarantee.
    OMB Control No.: 2105-0555.
    Background: OSDBU's Short Term Lending Program (STLP) offers 
certified Disadvantaged Business Enterprises (DBEs) and other certified 
Small Businesses (8a, women-owned, small disadvantaged, HUBZone, 
veteran owned, and service disabled veteran owned) the opportunity to 
obtain short term working capital at variable interest rates for 
transportation-related projects. The STLP provides Participating 
Lenders (PLs) a guarantee, up to 75%, on a revolving line of credit up 
to a $750,000 maximum. These loans are provided through lenders that 
serve as STLP PLs. The term on the line of credit is up to one (1) 
year, which may be renewed for five (5) years. A potential or renewal 
STLP participant must submit a guaranteed loan application package. The 
guaranteed loan application includes the STLP application, checklist, 
and instructions. Respondents: Certified Disadvantaged Business 
Enterprises (DBEs) and other certified Small Businesses (8a, women- 
owned, small disadvantaged, HUBZone, veteran owned, and service 
disabled veteran owned) interested in financing their transportation-
related contracts.
    DOT Form 2301-1(REV.1): Short Term Lending Program Application for 
Loan Guarantee: A potential or renewal STLP participant must submit a 
guaranteed loan application package. The guaranteed loan application 
includes the STLP application and supporting documentation to be 
collected from the checklist in the application. The application may be 
obtained directly from OSDBU, the Regional Small Business 
Transportation Resource Centers, from a PL, or online from the agency's 
Web site, currently at http://www.transportation.gov/osdbu/financial-assistance/short-term-lending-program.
    Respondents: Small Businesses, 100.
    Frequency: Once.
    Estimated Average Burden per Response: 2 hours.
    Estimated Total Annual Burden Hours: 200 hours.
    Supporting documentation: Required documentation shall include, but 
is not limited to, the following items:
    a. Business, trade, or job performance reference letters;
    b. DBE or other eligible certification letters;
    c. Aging report of receivables and payables;
    d. Business tax returns;
    e. Business financial statements;
    f. Personal income tax returns;
    g. Personal financial statements;
    h. Schedule of work in progress (WIP);
    i. Signed and dated copy of transportation-related contracts;
    j. Business debt schedule;
    k. Cash flow projections;
    l. Owner(s) and key management resumes.

[[Page 66971]]

    Respondents: Small Businesses, 100.
    Frequency: Once.
    Estimated Average Burden per Response: 12 hours.
    Estimated Total Annual Burden Hours: 1200 hours.
    Summary: The Office of the Secretary, Office of Small and 
Disadvantaged Business Utilization (OSDBU), invites public comments on 
our intention to request the Office of Management and Budget's (OMB) 
approval to renew a collection of the STLP Participating Lender (PL) 
forms. The collection involves the use of the ``Short Term Lending 
Program Bank Verification Loan Activation Form''; ``Short Term Lending 
Program Bank Acknowledgement Extension Request Form''; ``Short Term 
Lending Program Bank Acknowledgement Loan Close-Out Form''; ``Guaranty 
Loan Status Report''; ``Pending Loan Status Report''; ``Drug- Free 
Workplace Act Certification for a Grantee Other than an Individual''; 
``Certification Regarding Lobbying for Contracts, Grants, Loans, and 
Cooperative Agreements''; ``Office of Small and Disadvantaged Business 
Utilization U.S. Department of Transportation Short Term Lending 
Program Certification Regarding Debarment, Suspension''; ``Cooperative 
Agreement between the U.S. Department of Transportation and the 
Participating Lender''; and ``U.S. Department of Transportation Office 
of Small and Disadvantaged Utilization Short Term Lending Program 
Guarantee Agreement''. The information collected administers the loans 
guaranteed under the STLP. The information collected keeps the 
Participating Lender's (PLs) in compliance with the terms established 
in the Cooperative Agreement between DOT and the PLs. OMB Control No: 
2105-0555.

    Supplementary Information:
    Titles: STLP--Participating Lender (PL) forms.
    OMB Control No.: 2105-0555.
    Background: STLP loans are provided through lenders that serve as 
STLP participating Lenders (PL). The STLP provides PLs a guarantee, up 
to 75%, on a revolving line of credit up to a $750,000 maximum. As part 
of the requirements for approval as a PL, lenders must submit the 
following certifications: Drug-Free Workplace Act Certification for a 
Grantee Other Than An Individual; Certification Regarding Lobbying for 
Contracts, Grants, Loans, & Cooperative Agreement; Office of Small and 
Disadvantaged Business Utilization U.S. Department of Transportation 
Short Term Lending Program Certification Regarding Debarment, 
Suspension. The STLP is subject to budgeting and accounting 
requirements of the Federal Credit Reform Act of 1990 (FCRA). The PL 
must carry out processes to activate, monitor, service and close out 
STLP loans. To fulfill the requirements of FCRA, the PL submits reports 
and the following forms to OSDBU.
    Respondents: Participating Lenders that are in the process or have 
entered into cooperative agreements with DOT's OSDBU under 49 CFR part 
22 DOT-OST-2008-0236 entitled, ``Short Term Lending Program''.
    DOT Form 2303-1: Short Term Lending Program Bank Verification Loan 
Activation Form. The PL must submit a Loan Activation Form to OSDBU 
that indicates the date in which the loan has been activated.
    Respondents: 100.
    Frequency: Annually, up to five years.
    Estimated Average Burden per Response: \1/2\ hour.
    Estimated Total Annual Burden Hours: 50 hours.
    DOT Form 2310-1: Short Term Lending Program Bank Acknowledgement 
Extension Request Form. An extension of the original loan guarantee for 
a maximum period of ninety (90) days may be requested, in writing, by 
the PL using the STLP Extension Request Form.
    Respondents: 100.
    Frequency: Annually.
    Estimated Average Burden per Response: \1/2\ hour
    Estimated Total Annual Burden Hours: 50 hours.
    DOT Form 2304-1: Short Term Lending Program Bank Acknowledgement 
Loan Close-Out Form. The PL must submit the Loan Close-Out Form to 
OSDBU upon full repayment of the STLP loan or when the loan guarantee 
expires.
    Respondents: 100.
    Frequency: Annually.
    Estimated Average Burden per Response: \1/2\ hour.
    Estimated Total Annual Burden Hours: 50 hours.
    DOT Form 2305-1: Guaranty Loan Status Report. The PL submits a 
monthly status of active guaranteed loans to OSDBU.
    Respondents: 100.
    Frequency: Monthly.
    Estimated Average Burden per Response: 1 hour.
    Estimated Total Annual Burden Hours: 100 hours.
    DOT Form 2306-1: Pending Loan Status Report. The PL submits a 
monthly loan(s) in process report to OSDBU.
    Respondents: 100.
    Frequency: Monthly.
    Estimated Average Burden per Response: 1 hour.
    Estimated Total Annual Burden Hours: 100 hours.
    DOT Form 2307-1: Drug-Free Workplace Act Certification for a 
Grantee Other than an Individual. The PL certifies it is a drug-free 
workplace by executing this certification.
    Respondents: 100.
    Frequency: Once.
    Estimated Average Burden per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 25 hours.
    DOT Form 2308-1. Certification Regarding Lobbying for Contracts, 
Grants, Loans, and Cooperative Agreement. The PL certifies that no 
Federal funds will be utilized for lobbying by executing this form.
    Respondents: 100.
    Frequency: Once.
    Estimated Average Burden per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 25 hours.
    DOT Form 2309-1. Office of Small and Disadvantaged Business 
Utilization U.S. Department of Transportation Short Term Lending 
Program Certification Regarding Debarment, Suspension. The PL must not 
currently be debarred or suspended from participation in a government 
contract or delinquent on a government debt by submitting this form.
    Respondents: 100.
    Frequency: Once.
    Estimated Average Burden per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 25 hours.

    Issued in Washington, DC, on October 26, 2015.
John Ralston,
Manager, Financial Assistance Division, Office of Small and 
Disadvantaged Business Utilization, Office of the Secretary.
[FR Doc. 2015-27677 Filed 10-29-15; 8:45 am]
BILLING CODE 4910-9X-P