82 FR 19453 - Announcement Type: Notice and Request for Public Comment

DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund

Federal Register Volume 82, Issue 80 (April 27, 2017)

Page Range		19453-19454
FR Document		2017-08454

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. Currently, the Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the Community Development Financial Institutions CDFI Program (CDFI Program) and New Markets Tax Credit Program (NMTC Program) Annual Report including the Community Investment Impact System (CIIS).

Federal Register, Volume 82 Issue 80 (Thursday, April 27, 2017)

[Federal Register Volume 82, Number 80 (Thursday, April 27, 2017)]
[Notices]
[Pages 19453-19454]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08454]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Announcement Type: Notice and Request for Public Comment

AGENCY: Community Development Financial Institutions Fund, Treasury.

ACTION: Notice.

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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. Currently, the Community 
Development Financial Institutions Fund (CDFI Fund), U.S. Department of 
the Treasury, is soliciting comments concerning the Community 
Development Financial Institutions CDFI Program (CDFI Program) and New 
Markets Tax Credit Program (NMTC Program) Annual Report including the 
Community Investment Impact System (CIIS).

DATES: Written comments must be received on or before June 26, 2017 to 
be assured of consideration.

ADDRESSES: Submit your comments via email to Greg Bischak, Program 
Manager for Financial Strategies and Research, CDFI Fund, at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Greg Bischak, Program Manager for 
Financial Strategies and Research, Community Development Financial 
Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania 
Ave. NW., Washington, DC 20220. Other information regarding the CDFI 
Fund and its programs may be obtained through the CDFI Fund's Web site 
at http://www.cdfifund.gov.

SUPPLEMENTARY INFORMATION:
    Title: CDFI Program and NMTC Program Annual Report including CIIS.
    OMB Number: 1559-0027.
    Abstract: This collection captures quantitative information from 
Community Development Financial Institutions (CDFI) and Community 
Development Entities (CDE) at the institution and transaction levels. 
This information is used to assess: (1) The recipient's/allocatee's 
activities as detailed in its application materials; (2) the 
recipient's/allocatee's approved use of the assistance; (3) the 
recipient's/allocatee's financial condition; (4) the socio-economic 
characteristics of recipient's/allocatee's borrowers/investees, loan 
and investment terms, repayment status, and community development 
outcomes; and (5) overall compliance with the terms and conditions of 
the assistance/allocation agreement entered into by the CDFI Fund and 
the recipient/allocatee.
    A CDFI Program or Native American CDFI Assistance Program (NACA 
Program) recipient must submit an Annual Report that comprises of 
several sections that depend on the program and the type of award. The 
specific components that comprise a recipient's Annual Report are set 
forth in the assistance agreement that the recipient enters into with 
the CDFI Fund in order to receive a CDFI Program or a NACA Program 
award. These reporting requirements can be found in the assistance 
agreement templates located on the CDFI Fund Web site at 
www.cdfifund.gov. NMTC Program allocatees must submit an Annual Report 
that comprises: (i) A financial statement that has been audited by an 
independent certified public accountant; (ii) an Institution Level 
Report (ILR) (including the IRS Compliance Questions section), if the 
allocatee has issued any Qualified Equity Investments; and (iii) a 
Transaction Level Report (TLR) if the allocatee has issued any 
Qualified Low-Income Community Investments in the form of loans or 
investments. The components that comprise an allocatee's Annual Report 
are set forth in the allocation agreement that the allocatee enters 
into with the CDFI Fund in order to receive a NMTC Program allocation. 
These requirements can be found in the allocation agreement templates 
located on the CDFI Fund Web site at www.cdfifund.gov.
    Type of Review: Regular Review.
    Affected Public: CDFIs and CDEs; including businesses or other for-
profit institutions, non-profit entities, and State, local and Tribal 
entities participating in CDFI Fund programs.
    Estimated Number of Respondents: CDFI TA Annual ILR: 65.
    CDFI Annual TLR and ILR: 245.
    NMTC Annual Report: 275.
    Estimated Annual Time Per Respondent:

    CDFI TA Annual ILR: 25.
    CDFI Annual TLR and ILR: 115.
    NMTC Annual Report: 85.
    Estimated Total Annual Burden Hours: 53,175.
    CDFI TA Annual ILR: 1,625.
    CDFI Annual TLR and ILR: 28,175.
    NMTC Annual Report: 23,375.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited on 
all aspects of the information collections, but commentators may wish 
to focus particular attention on: (a) The cost for CDFIs and CDEs to 
operate and maintain the services/systems required to provide the 
required information; (b) ways to enhance the quality, utility, and 
clarity of the information to be collected; (c) whether the collection 
of information is necessary for the proper evaluation of the 
effectiveness and impact of the CDFI Fund's programs, including whether 
the information has practical utility; (d) the accuracy of the CDFI 
Fund's estimate of the burden of the collection of information; (e) 
ways to minimize the burden of the collection of information including 
through the use of technology, such as software for internal accounting 
and geocoding to capture geographic detail while streamlining and 
aggregating TLR reporting for upload to CIIS, and; (f) what methods 
might be used to improve the data quality, internal accounting and 
efficiency of reporting transactions for serving other targeted 
populations.
    Please note that this request for public comment is necessary in 
order to renew the CIIS data collection under the Paperwork Reduction 
Act. Next year the CDFI Fund plans to integrate the CIIS data 
collection into the CDFI Fund's Awards Management Information System 
(AMIS). It is anticipated that the transition to AMIS will result in 
streamlining of the CIIS data collections and a reduction of reporting 
burden. The CDFI Fund will publish a request for public comment at that 
time to solicit feedback on the proposed revisions and potential 
effects on reporting burdens.


[[Page 19454]]


    Authority:  12 U.S.C. 4707 et seq.; 26 U.S.C. 45D; 12 CFR part 
1805.

Mary Ann Donovan,
Director, Community Development Financial Institutions Fun.
[FR Doc. 2017-08454 Filed 4-26-17; 8:45 am]
 BILLING CODE 4810-70-P

Federal Register / Vol. 82, No. 80 / Thursday, April 27, 2017 / Notices 19453

at 202–366–2623, or by email at and its programs may be obtained institutions, non-profit entities, and
tara.clark@dot.gov. A TDD is available through the CDFI Fund’s Web site at State, local and Tribal entities
for individuals who are deaf or hard of http://www.cdfifund.gov. participating in CDFI Fund programs.
hearing at 800–877–8339. In addition, SUPPLEMENTARY INFORMATION: Estimated Number of Respondents:
FTA will post answers to questions and Title: CDFI Program and NMTC CDFI TA Annual ILR: 65.
requests for clarifications on FTA’s Web Program Annual Report including CIIS. CDFI Annual TLR and ILR: 245.
site at http://transit.dot.gov/ OMB Number: 1559–0027.
Abstract: This collection captures NMTC Annual Report: 275.
busprogram. To ensure applicants
receive accurate information about quantitative information from Estimated Annual Time Per
eligibility or the program, the applicant Community Development Financial Respondent:
is encouraged to contact FTA directly, Institutions (CDFI) and Community CDFI TA Annual ILR: 25.
rather than through intermediaries or Development Entities (CDE) at the CDFI Annual TLR and ILR: 115.
third parties, with questions. FTA staff institution and transaction levels. This
information is used to assess: (1) The NMTC Annual Report: 85.
may also conduct briefings on the FY
recipient’s/allocatee’s activities as Estimated Total Annual Burden
2017 discretionary grants selection and
detailed in its application materials; (2) Hours: 53,175.
award process upon request.
the recipient’s/allocatee’s approved use CDFI TA Annual ILR: 1,625.
Matthew J. Welbes, of the assistance; (3) the recipient’s/ CDFI Annual TLR and ILR: 28,175.
Executive Director. allocatee’s financial condition; (4) the NMTC Annual Report: 23,375.
[FR Doc. 2017–08489 Filed 4–26–17; 8:45 am] socio-economic characteristics of Request for Comments: Comments
BILLING CODE P recipient’s/allocatee’s borrowers/ submitted in response to this notice will
investees, loan and investment terms, be summarized and/or included in the
repayment status, and community request for OMB approval. All
DEPARTMENT OF THE TREASURY development outcomes; and (5) overall comments will become a matter of
compliance with the terms and public record. Comments are invited on
Community Development Financial conditions of the assistance/allocation all aspects of the information
Institutions Fund agreement entered into by the CDFI collections, but commentators may wish
Fund and the recipient/allocatee. to focus particular attention on: (a) The
Announcement Type: Notice and A CDFI Program or Native American
Request for Public Comment cost for CDFIs and CDEs to operate and
CDFI Assistance Program (NACA
maintain the services/systems required
Program) recipient must submit an
AGENCY: Community Development to provide the required information; (b)
Annual Report that comprises of several
Financial Institutions Fund, Treasury. ways to enhance the quality, utility, and
sections that depend on the program
ACTION: Notice. clarity of the information to be
and the type of award. The specific
components that comprise a recipient’s collected; (c) whether the collection of
SUMMARY: The Department of the information is necessary for the proper
Treasury, as part of its continuing effort Annual Report are set forth in the
assistance agreement that the recipient evaluation of the effectiveness and
to reduce paperwork and respondent impact of the CDFI Fund’s programs,
burden, invites the general public and enters into with the CDFI Fund in order
to receive a CDFI Program or a NACA including whether the information has
other Federal agencies to take this practical utility; (d) the accuracy of the
opportunity to comment on proposed Program award. These reporting
requirements can be found in the CDFI Fund’s estimate of the burden of
and/or continuing information the collection of information; (e) ways to
collections, as required by the assistance agreement templates located
on the CDFI Fund Web site at minimize the burden of the collection of
Paperwork Reduction Act of 1995. information including through the use
Currently, the Community Development www.cdfifund.gov. NMTC Program
allocatees must submit an Annual of technology, such as software for
Financial Institutions Fund (CDFI internal accounting and geocoding to
Fund), U.S. Department of the Treasury, Report that comprises: (i) A financial
statement that has been audited by an capture geographic detail while
is soliciting comments concerning the streamlining and aggregating TLR
Community Development Financial independent certified public
accountant; (ii) an Institution Level reporting for upload to CIIS, and; (f)
Institutions CDFI Program (CDFI what methods might be used to improve
Program) and New Markets Tax Credit Report (ILR) (including the IRS
Compliance Questions section), if the the data quality, internal accounting and
Program (NMTC Program) Annual efficiency of reporting transactions for
Report including the Community allocatee has issued any Qualified
Equity Investments; and (iii) a serving other targeted populations.
Investment Impact System (CIIS). Please note that this request for public
Transaction Level Report (TLR) if the
DATES: Written comments must be comment is necessary in order to renew
allocatee has issued any Qualified Low-
received on or before June 26, 2017 to Income Community Investments in the the CIIS data collection under the
be assured of consideration. form of loans or investments. The Paperwork Reduction Act. Next year the
ADDRESSES: Submit your comments via components that comprise an allocatee’s CDFI Fund plans to integrate the CIIS
email to Greg Bischak, Program Manager Annual Report are set forth in the data collection into the CDFI Fund’s
for Financial Strategies and Research, allocation agreement that the allocatee Awards Management Information
CDFI Fund, at cdfihelp@cdfi.treas.gov. enters into with the CDFI Fund in order System (AMIS). It is anticipated that the
FOR FURTHER INFORMATION CONTACT: Greg to receive a NMTC Program allocation. transition to AMIS will result in
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Bischak, Program Manager for Financial These requirements can be found in the streamlining of the CIIS data collections
Strategies and Research, Community allocation agreement templates located and a reduction of reporting burden.
Development Financial Institutions on the CDFI Fund Web site at The CDFI Fund will publish a request
Fund, U.S. Department of the Treasury, www.cdfifund.gov. for public comment at that time to
1500 Pennsylvania Ave. NW., Type of Review: Regular Review. solicit feedback on the proposed
Washington, DC 20220. Other Affected Public: CDFIs and CDEs; revisions and potential effects on
information regarding the CDFI Fund including businesses or other for-profit reporting burdens.

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19454 Federal Register / Vol. 82, No. 80 / Thursday, April 27, 2017 / Notices

Authority: 12 U.S.C. 4707 et seq.; 26 Savings Association Advisory Constitution Avenue NW., Washington,
U.S.C. 45D; 12 CFR part 1805. Committee, Office of the Comptroller of DC 20224, or through the internet, at
Mary Ann Donovan, the Currency, 400 7th Street SW., Sara.L.Covington@irs.gov.
Director, Community Development Financial
Washington, DC 20219. Title: Disclosure Requirement For
Institutions Fun. Members of the public who plan to Patient Protections under the Affordable
attend the meeting should contact the Care Act.
[FR Doc. 2017–08454 Filed 4–26–17; 8:45 am]
OCC by 5:00 p.m. EDT on Tuesday, May OMB Number: 1545–2181.
BILLING CODE 4810–70–P
2, 2017, to inform the OCC of their Regulation Project Number: T.D. 9744.
desire to attend the meeting and to Abstract: Section 2719A of the Public
provide information that will be Health Service Act (PHS Act),
DEPARTMENT OF THE TREASURY
required to facilitate entry into the incorporated into Code section 9815 by
Office of the Comptroller of the meeting. Members of the public may section 1563(f) of the Patient Protection
Currency contact the OCC via email at MSAAC@ and Affordable Care Act, Public Law
OCC.treas.gov or by telephone at (202) 111–148, requires that a group health
[Docket ID OCC–2017–0006] 649–5420. Members of the public who plan or a health insurance issuer
are deaf or hard of hearing should call requiring or allowing for the designation
Mutual Savings Association Advisory of a primary care provider provide
(202) 649–5597 (TTY) by 5:00 p.m. EDT
Committee notice to participants of the right to
Tuesday, May 2, 2017, to arrange
AGENCY: Office of the Comptroller of the auxiliary aids such as sign language designate a primary care provider
Currency (OCC), Department of the interpretation for this meeting. (including a pediatrician for a child)
Treasury. Attendees should provide their full and of the right to obtain access to
ACTION: Notice of Federal Advisory name, email address, and organization, obstetrical or gynecological services
Committee meeting. if any. For security reasons, attendees without referral from a primary care
will be subject to security screening provider.
SUMMARY: The OCC announces a procedures and must present a valid Current Actions: Changes in the
meeting of the Mutual Savings government-issued identification to burden estimates.
Association Advisory Committee enter the building. Type of Review: Revision of a
(MSAAC). Dated: April 21, 2017. currently approved collection.
DATES: A public meeting of the MSAAC Affected Public: Business or other for-
Thomas J. Curry,
will be held on Tuesday, May 9, 2017, profit; not-for profit organizations.
Comptroller of the Currency. Estimated Number of Respondents:
beginning at 8:30 a.m. Eastern Daylight [FR Doc. 2017–08516 Filed 4–26–17; 8:45 am]
Time (EDT). 41,000.
BILLING CODE 4810–33–P Estimated Number of Responses:
ADDRESSES: The OCC will hold the May
693,007.
9, 2017 meeting of the MSAAC at the Estimated Total Annual Burden
OCC’s offices at 400 7th Street SW., DEPARTMENT OF THE TREASURY Hours: 5,173.
Washington, DC 20219. The following paragraph applies to all
FOR FURTHER INFORMATION CONTACT: Internal Revenue Service of the collections of information covered
Michael R. Brickman, Deputy by this notice:
Proposed Collection; Comment
Comptroller for Thrift Supervision, An agency may not conduct or
Request for Regulation Project
(202) 649–5420, Office of the sponsor, and a person is not required to
Comptroller of the Currency, AGENCY: Internal Revenue Service (IRS), respond to, a collection of information
Washington, DC 20219. Treasury. unless the collection of information
SUPPLEMENTARY INFORMATION: By this ACTION: Notice and request for displays a valid OMB control number.
notice, the OCC is announcing that the comments. Books or records relating to a collection
MSAAC will convene a meeting on of information must be retained as long
Tuesday, May 9, 2017, at the OCC’s SUMMARY: The Department of the as their contents may become material
offices at 400 7th Street SW., Treasury, as part of its continuing effort in the administration of any internal
Washington, DC 20219. The meeting is to reduce paperwork and respondent revenue law.
open to the public and will begin at 8:30 burden, invites the general public and Generally, tax returns and tax return
a.m. EDT. The purpose of the meeting other Federal agencies to take this information are confidential, as required
is for the MSAAC to advise the OCC on opportunity to comment on proposed by 26 U.S.C. 6103.
regulatory changes or other steps the and/or continuing information Request for Comments: Comments
OCC may be able to take to ensure the collections, as required by the submitted in response to this notice will
continued health and viability of mutual Paperwork Reduction Act of 1995. be summarized and/or included in the
savings associations and other issues of Currently, the IRS is soliciting request for OMB approval. All
concern to existing mutual savings comments concerning affordable care comments will become a matter of
associations. The agenda includes a act notice of patient protection. public record. Comments are invited on:
discussion of current topics of interest DATES: Written comments should be (a) Whether the collection of
to the industry. received on or before June 26, 2017 to information is necessary for the proper
Members of the public may submit be assured of consideration. performance of the functions of the
written statements to the MSAAC. The ADDRESSES: Direct all written comments agency, including whether the
mstockstill on DSK30JT082PROD with NOTICES

OCC must receive written statements no to Laurie Brimmer, Internal Revenue information shall have practical utility;
later than 5:00 p.m. EDT on Tuesday, Service, Room 6526, 1111 Constitution (b) the accuracy of the agency’s estimate
May 2, 2017. Members of the public Avenue NW., Washington, DC 20224. of the burden of the collection of
may submit written statements to Requests for additional information or information; (c) ways to enhance the
MSAAC@occ.treas.gov or by mailing copies of the regulations should be quality, utility, and clarity of the
them to Michael R. Brickman, directed to Sara Covington, at Internal information to be collected; (d) ways to
Designated Federal Officer, Mutual Revenue Service, Room 6526, 1111 minimize the burden of the collection of

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Document Created: 2017-04-27 01:39:43
Document Modified: 2017-04-27 01:39:43

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice.
Dates		Written comments must be received on or before June 26, 2017 to be assured of consideration.
Contact		Greg Bischak, Program Manager for Financial Strategies and Research, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 1500 Pennsylvania Ave. NW., Washington, DC 20220. Other information regarding the CDFI Fund and its programs may be obtained through the CDFI Fund's Web site at http://www.cdfifund.gov.
FR Citation		82 FR 19453

82 FR 19453 - Announcement Type: Notice and Request for Public Comment

DEPARTMENT OF THE TREASURYCommunity Development Financial Institutions Fund

Federal Register Volume 82, Issue 80 (April 27, 2017)

DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund