82 FR 40553 - Proposed Information Collection; Comment Request; Form ED-209 & Form ED-209I; Revolving Loan Fund Reporting and Compliance Requirements
DEPARTMENT OF COMMERCE
Economic Development Administration Federal Register Volume 82, Issue 164 (August 25, 2017)
Economic Development Administration
Federal Register Volume 82, Issue 164 (August 25, 2017)
| Page Range | 40553-40553 | |
| FR Document | 2017-18092 |
[Federal Register Volume 82, Number 164 (Friday, August 25, 2017)] [Notices] [Page 40553] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-18092] [[Page 40553]] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF COMMERCE Economic Development Administration Proposed Information Collection; Comment Request; Form ED-209 & Form ED-209I; Revolving Loan Fund Reporting and Compliance Requirements AGENCY: Economic Development Administration, U.S. Department of Commerce. ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Economic Development Administration, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a proposed extension of an information collection request currently approved through December 31, 2017, as required by the Paperwork Reduction Act of 1995. DATES: Written comments must be submitted on or before October 24, 2017. ADDRESSES: Direct all written comments to Jennifer Jessup, Departmental Paperwork Clearance Officer, Department of Commerce, Room 6625, 14th and Constitution Avenue NW., Washington, DC 20230 (or via email at [email protected]). FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the information collection instrument and instructions should be directed to Mitchell Harrison, Program Analyst, Performance and National Programs Division, Economic Development Administration U.S. Department of Commerce, 1401 Constitution Avenue NW., Mail Stop 71030, Washington, DC 20230, telephone (202) 482-4696, or via email at [email protected]. SUPPLEMENTARY INFORMATION: I. Abstract The Economic Development Administration (``EDA'') leads the Federal economic development agenda by promoting innovation and competitiveness, preparing American regions for growth and success in the worldwide economy. The EDA Revolving Loan Fund (``RLF'') Program, authorized under section 209 of the Public Works and Economic Development Act of 1965, as amended (``PWEDA'') (42 U.S.C. 3149), has served as an important pillar of EDA investment programs since the establishment of the RLF Program in 1975. The purpose of the RLF Program is to provide regions with a flexible and continuing source of capital, to be used with other economic development tools, for creating and retaining jobs and inducing private investment that will contribute to long-term economic stability and growth. EDA provides RLF grants to eligible recipients, which include State and local governments, Indian tribes, and non- profit organizations, to operate a lending program that offers loans with flexible repayment terms, primarily to small businesses in distressed communities that are unable to obtain traditional bank financing. These loans enable small businesses to expand and lead to new employment opportunities that pay competitive wages and benefits. A unique feature of the RLF Program is that, by law, EDA must exercise fiduciary responsibility over its RLF portfolio in perpetuity. EDA RLF regulations therefore require RLF recipients to submit Form ED- 209, Revolving Loan Fund Financial Report, every six months for each RLF they operate (13 CFR 307.14(a)). In addition, RLF recipients must submit Form ED-209I, RLF Income and Expense Statement, if either of the following conditions applies to their RLF: Administrative expenses for the reporting period exceeded $100,000, or RLF administrative expenses for the reporting period exceeded 50 percent of RLF income earned during the reporting period (13 CFR 307.14(c)). EDA requires that both of these reports be completed using an authorized and EDA-provided fillable PDF (Portable Document Format) Form. II. Method of Collection Currently, Form ED-209 and Form ED-209I may be obtained by RLF recipients from EDA's Web site, www.eda.gov, or upon request from EDA RLF Administrators at each of the EDA regional offices. RLF recipients are responsible for completing the Forms and submitting them to their assigned EDA RLF Administrators in compliance with EDA regulations. III. Data Office of Management and Budget (OMB) Control Number: 0610-0095. Form Number(s): ED-209 and ED-209I. Type of Review: Extension of a currently approved information collection. Affected Public: EDA RLF recipients: State, local and tribal governments; community organizations; not-for-profit organizations. Estimated Number of Respondents: 1,328. Estimated Time per Response: ED-209, 3 hours; and ED-209I, 1 hour. Estimated Total Annual Burden Hours: 3,796 Hours. Estimated Total Annual Cost to Public: $266,973 (cost assumes application of U.S. Bureau of Labor Statistics first quarter 2017 mean hourly wage for management, business, and financial occupations of $70.33). IV. Request for Comments Comments are invited on: (1) Whether the proposed collection of information is necessary for the proper performance of the agency's functions, including whether the information will have practical utility; (2) the accuracy of the agency's estimate of the burden (including hours and cost) of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval of this information collection; they also will become a matter of public record. Sheleen Dumas, Departmental PRA Lead, Office of the Chief Information Officer. [FR Doc. 2017-18092 Filed 8-24-17; 8:45 a.m.] BILLING CODE 3510-24-P
![Federal Register / Vol. 82, No. 164 / Friday, August 25, 2017 / Notices 40553
DEPARTMENT OF COMMERCE with other economic development tools, Estimated Total Annual Burden
for creating and retaining jobs and Hours: 3,796 Hours.
Economic Development Administration inducing private investment that will Estimated Total Annual Cost to
contribute to long-term economic Public: $266,973 (cost assumes
Proposed Information Collection; stability and growth. EDA provides RLF application of U.S. Bureau of Labor
Comment Request; Form ED–209 & grants to eligible recipients, which Statistics first quarter 2017 mean hourly
Form ED–209I; Revolving Loan Fund include State and local governments, wage for management, business, and
Reporting and Compliance Indian tribes, and non-profit financial occupations of $70.33).
Requirements organizations, to operate a lending IV. Request for Comments
AGENCY: Economic Development program that offers loans with flexible
Administration, U.S. Department of repayment terms, primarily to small Comments are invited on: (1) Whether
Commerce. businesses in distressed communities the proposed collection of information
that are unable to obtain traditional is necessary for the proper performance
ACTION: Notice.
bank financing. These loans enable of the agency’s functions, including
SUMMARY: The Economic Development small businesses to expand and lead to whether the information will have
Administration, as part of its continuing new employment opportunities that pay practical utility; (2) the accuracy of the
effort to reduce paperwork and competitive wages and benefits. agency’s estimate of the burden
respondent burden, invites the general A unique feature of the RLF Program (including hours and cost) of the
public and other Federal agencies to is that, by law, EDA must exercise proposed collection of information; (3)
comment on a proposed extension of an fiduciary responsibility over its RLF ways to enhance the quality, utility, and
information collection request currently portfolio in perpetuity. EDA RLF clarity of the information to be
approved through December 31, 2017, regulations therefore require RLF collected; and (4) ways to minimize the
as required by the Paperwork Reduction recipients to submit Form ED–209, burden of the collection of information
Act of 1995. Revolving Loan Fund Financial Report, on respondents, including through the
DATES: Written comments must be every six months for each RLF they use of automated collection techniques
submitted on or before October 24, operate (13 CFR 307.14(a)). In addition, or other forms of information
2017. RLF recipients must submit Form ED– technology.
209I, RLF Income and Expense Comments submitted in response to
ADDRESSES: Direct all written comments
Statement, if either of the following this notice will be summarized and/or
to Jennifer Jessup, Departmental included in the request for Office of
Paperwork Clearance Officer, conditions applies to their RLF:
Administrative expenses for the Management and Budget approval of
Department of Commerce, Room 6625, this information collection; they also
14th and Constitution Avenue NW., reporting period exceeded $100,000, or
RLF administrative expenses for the will become a matter of public record.
Washington, DC 20230 (or via email at
PRAcomments@doc.gov). reporting period exceeded 50 percent of Sheleen Dumas,
FOR FURTHER INFORMATION CONTACT:
RLF income earned during the reporting Departmental PRA Lead, Office of the Chief
Requests for additional information or period (13 CFR 307.14(c)). EDA requires Information Officer.
copies of the information collection that both of these reports be completed [FR Doc. 2017–18092 Filed 8–24–17; 8:45 a.m.]
instrument and instructions should be using an authorized and EDA-provided BILLING CODE 3510–24–P
directed to Mitchell Harrison, Program fillable PDF (Portable Document
Analyst, Performance and National Format) Form.
Programs Division, Economic II. Method of Collection DEPARTMENT OF COMMERCE
Development Administration U.S. Currently, Form ED–209 and Form
Department of Commerce, 1401 National Telecommunications and
ED–209I may be obtained by RLF Information Administration
Constitution Avenue NW., Mail Stop recipients from EDA’s Web site,
71030, Washington, DC 20230, www.eda.gov, or upon request from EDA
telephone (202) 482–4696, or via email First Responder Network Authority
RLF Administrators at each of the EDA
at mharrison@eda.gov. regional offices. RLF recipients are First Responder Network Authority
SUPPLEMENTARY INFORMATION: responsible for completing the Forms Combined Committee and Board
I. Abstract and submitting them to their assigned Meeting
EDA RLF Administrators in compliance
The Economic Development AGENCY: First Responder Network
with EDA regulations.
Administration (‘‘EDA’’) leads the Authority (‘‘FirstNet’’), U.S. Department
Federal economic development agenda III. Data of Commerce.
by promoting innovation and Office of Management and Budget ACTION: Notice of open public meetings.
competitiveness, preparing American (OMB) Control Number: 0610–0095.
regions for growth and success in the Form Number(s): ED–209 and ED– SUMMARY: The Board of the First
worldwide economy. 209I. Responder Network Authority (‘‘Board’’)
The EDA Revolving Loan Fund Type of Review: Extension of a will convene an open public meeting on
(‘‘RLF’’) Program, authorized under currently approved information September 14, 2017, preceded by a
section 209 of the Public Works and collection. combined meeting of the Committees of
Economic Development Act of 1965, as the First Responder Network Authority
sradovich on DSK3GMQ082PROD with NOTICES
Affected Public: EDA RLF recipients:
amended (‘‘PWEDA’’) (42 U.S.C. 3149), State, local and tribal governments; (‘‘Board Committees’’) that will be open
has served as an important pillar of EDA community organizations; not-for-profit to the public via teleconference and
investment programs since the organizations. WebEx on September 13, 2017.
establishment of the RLF Program in Estimated Number of Respondents: DATES: A combined meeting of the
1975. The purpose of the RLF Program 1,328. Board Committees will be held on
is to provide regions with a flexible and Estimated Time per Response: ED– September 13, 2017, between 9:00 a.m.
continuing source of capital, to be used 209, 3 hours; and ED–209I, 1 hour. and 12:00 p.m., Mountain Daylight
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Document Created: 2018-10-24 12:41:40
Document Modified: 2018-10-24 12:41:40
| 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 submitted on or before October 24, 2017. | |
| Contact | Requests for additional information or copies of the information collection instrument and instructions should be directed to Mitchell Harrison, Program Analyst, Performance and National Programs Division, Economic Development Administration U.S. Department of Commerce, 1401 Constitution Avenue NW., Mail Stop 71030, Washington, DC 20230, telephone (202) 482-4696, or via email at [email protected] | |
| FR Citation | 82 FR 40553 |
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