82 FR 4459 - Community Development Advisory Board Meeting
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund Federal Register Volume 82, Issue 9 (January 13, 2017)
Community Development Financial Institutions Fund
Federal Register Volume 82, Issue 9 (January 13, 2017)
| Page Range | 4459-4460 | |
| FR Document | 2017-00649 |
[Federal Register Volume 82, Number 9 (Friday, January 13, 2017)] [Notices] [Pages 4459-4460] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-00649] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Community Development Advisory Board Meeting ACTION: Notice of open meeting. ----------------------------------------------------------------------- SUMMARY: This notice announces the next meeting of the Community Development Advisory Board (the Advisory Board), which provides advice to the Director of the Community Development Financial Institutions Fund (the CDFI Fund). The meeting will be conducted via telephone conference call. DATES: The meeting will be held from 2:00 p.m. to 3:00 p.m. Eastern Standard Time on Monday, January 30, 2017. Submission of Written Statements: Participation in the discussions at the meeting will be limited to Advisory Board members, Department of the Treasury staff, and certain invited guests. Anyone who would like to have the Advisory Board consider a written statement must submit it by 5:00 p.m. Eastern Standard Time on Monday, January 23, 2017. Send paper statements to Bill Luecht, Senior Advisor, Office of [[Page 4460]] Legislative and External Affairs, CDFI Fund, 1500 Pennsylvania Avenue NW., Washington, DC 20220. Send electronic statements to [email protected]. In general, the CDFI Fund will make all statements available in their original format, including any business or personal information provided such as names, addresses, email addresses, or telephone numbers, for public inspection, and photocopying at the CDFI Fund. The CDFI Fund is open on official business days between the hours of 9:00 a.m. and 5:00 p.m. You can make an appointment to inspect statements by emailing [email protected]. All statements received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. You should only submit information that you wish to make publicly available. FOR FURTHER INFORMATION CONTACT: Bill Luecht, Senior Advisor, Office of Legislative and External Affairs, CDFI Fund, 1500 Pennsylvania Avenue NW., Washington, DC 20220, (202) 653-0322 (this is not a toll free number) or [email protected]. 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: Section 104(d) of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4703(d)) established the Advisory Board. The charter for the Advisory Board has been filed in accordance with the Federal Advisory Committee Act, as amended (5 U.S.C. App.), and with the approval of the Secretary of the Treasury. The function of the Advisory Board is to advise the Director of the CDFI Fund (who has been delegated the authority to administer the CDFI Fund) on the policies regarding the activities of the CDFI Fund. The Advisory Board shall not advise the CDFI Fund on the approving or declining any particular application for monetary or non-monetary awards. The Advisory Board shall meet at least annually. It has been determined that this document is not a major rule as defined in Executive Order 12291 and therefore regulatory impact analysis is not required. In addition, this document does not constitute a rule subject to the Regulatory Flexibility Act (5 U.S.C. chapter 6). In accordance with section 10(a) of the Federal Advisory Committee Act, 5 U.S.C. App. 2 and the regulations thereunder, Bill Luecht, Designated Federal Officer of the Advisory Board, has ordered publication of this notice that the Advisory Board will convene an open meeting which will be conducted via a telephone conference call from 2:00 p.m. to 3:00 p.m. Eastern Standard Time on Monday, January 30, 2017. Public participation will be limited to 50 individual phone lines. Notification of intent to attend the meeting must be made via email to [email protected]. The CDFI Fund will send confirmation of attendance and instructions for accessing the meeting to the first 50 individuals who submit notifications of intent. For more information, please call (202) 653-0322. The Advisory Board meeting will include (i) a presentation to the full Advisory Board by an Advisory Board subcommittee on a plan to promote the knowledge and utilization of the Access to Capital and Credit in Native Communities report and (ii) deliberation on the recommendations contained therein. Authority: 12 U.S.C. 4703. Mary Ann Donovan, Director, Community Development Financial Institutions Fund. [FR Doc. 2017-00649 Filed 1-12-17; 8:45 am] BILLING CODE 4810-70-P
![Federal Register / Vol. 82, No. 9 / Friday, January 13, 2017 / Notices 4459
whether FTA review is necessary to income and farebox revenue, the impossible to meet.’’ The commenter
advance the Award to the next level of proposed Circular 5010.1E included asserted that many Awards contain
design could delay Awards. explicit language listing farebox revenue multiple projects, and many projects are
Importantly, the text does not state that as a type of program income. Whereas funded by multiple Awards. However,
FTA will manage or take control of the Circular 5010.1D allowed program the indirect cost rate should be the same
Award. However, there may be income to be spent ‘‘for public across multiple Awards and multiple
instances in which FTA or its transportation purposes,’’ the proposed projects, as indirect cost rates are not
contractors observe a situation that must Circular permits program income to be determined on an Award by Award or
be addressed, such as a failure to spent only on allowable costs. Under project by project basis.
comply with the law. Thus, FTA has not Circular 5010.1D, there are no federal
amended the language in the final requirements governing the disposition H. Appendices
Circular. of program income earned after the end As stated in the summary under
FTA received two comments related of the period of performance (i.e., after Chapter VI, FTA has amended
to force accounts: one commenter asked the ending date of the final Federal Appendix B, Federal Financial Report,
whether a force account plan is required Financial Report), unless the terms of for clarity in reporting indirect costs.
for preventive maintenance, and one the agreement or the federal agency FTA has reversed the order of
commenter asked whether the regulations provide otherwise. In proposed Appendices F and G, such
requirement for force account plans was proposed Circular 5010.1E, FTA has that now Appendix F is Cost Allocation
subject to the Paperwork Reduction Act. included an exception to this general Plans and Appendix G is Indirect Cost
First, a force account plan is not rule for farebox revenue states that Rate Proposals.
required for preventive maintenance. farebox revenue retains its status as FTA struck proposed Appendix J,
Second, FTA has paperwork collection program income after the close of the ‘‘Award Amendments and Budget
approvals for all of its federal assistance Award. FTA has made edits to Chapter Revision Guidelines,’’ as the
programs. Paperwork submissions and VI to withdraw these changes and information is otherwise available on
recordkeeping requirements are clarify these points. FTA’s Web site at https://
captured in those approvals. FTA received several comments www.transit.dot.gov/trams.
In addition to the changes described related to indirect costs. One commenter In addition to the above, FTA made
above, FTA made minor edits to the text noted that the discussion of indirect minor, clarifying edits to the
of Chapter IV for clarity. costs in section 6 of Chapter VI appendices.
contained a different definition than
F. Chapter V—FTA Oversight that found in the definitions section of Carolyn Flowers,
Chapter V includes guidance Chapter I. Specifically, the text in Acting Administrator.
regarding the various types of reviews Chapter VI contains additional language [FR Doc. 2017–00728 Filed 1–12–17; 8:45 am]
that FTA conducts. Reviews are grouped relating to states and local governments BILLING CODE 4910–57–P
in the following categories: (1) Program and Cost Allocation Plans found in 2
Oversight, (2) Safety Oversight, and (3) CFR 200.416. We have clarified the
Project Oversight. language in Chapter VI. DEPARTMENT OF THE TREASURY
FTA received one comment related to One commenter suggested that FTA
Chapter V. The commenter asked if FTA clarify that cost allocation plans will not Community Development Financial
intended to use the term ‘‘project apply to every recipient. The Institutions Fund
sponsor’’ instead of ‘‘recipient.’’ In commenter also suggested that FTA
response, FTA edited the text to state, clarify that indirect cost proposals and Community Development Advisory
‘‘project sponsor or recipient.’’ In cost allocation plans are separate Board Meeting
addition, FTA made minor, clarifying documents. FTA has made edits to
edits to this chapter. Chapter VI to clarify these points. ACTION: Notice of open meeting.
One commenter indicated that
G. Chapter VI—Financial Management reporting indirect costs on a cumulative SUMMARY: This notice announces the
Chapter VI includes guidance basis in the Federal Financial Report next meeting of the Community
regarding internal controls, non-federal (FFR) would require adding many lines Development Advisory Board (the
share, financial plan, federal principles to the FFR. Further, the commenter Advisory Board), which provides advice
for determining allowable costs, indirect noted that indirect costs currently are to the Director of the Community
costs, program income, annual audit, not reported for subrecipients. In Development Financial Institutions
payment procedures, de-obligation of response, FTA agrees that cumulative Fund (the CDFI Fund). The meeting will
federal assistance, debt service reserve, reporting will add lines to the FFR. be conducted via telephone conference
and the right to terminate. However, indirect cost rates should be call.
Farebox Revenues is discussed in the reported for the reporting agency, not DATES: The meeting will be held from
Program Income section of Chapter VI, for subrecipients. Documentation and 2:00 p.m. to 3:00 p.m. Eastern Standard
found at section 7(i). For purposes of reporting on subawards and contractual Time on Monday, January 30, 2017.
operating assistance grants, farebox indirect cost rates should be maintained Submission of Written Statements:
revenues are deducted from the eligible by the recipient and collected as part of Participation in the discussions at the
operating expenses to derive the ‘‘net its subrecipient monitoring. We have meeting will be limited to Advisory
asabaliauskas on DSK3SPTVN1PROD with NOTICES
project cost.’’ The question regarding made edits to Appendix B to provide Board members, Department of the
FTA’s treatment of farebox revenues for additional guidance to recipients for Treasury staff, and certain invited
recipients of capital assistance arose in this reporting requirement. In addition, guests. Anyone who would like to have
light of the proposed definition of a commenter suggested that the the Advisory Board consider a written
program income in proposed FTA requirement to identify the indirect cost statement must submit it by 5:00 p.m.
Circular 5010.1E. Although FTA rate as a separate budget line item Eastern Standard Time on Monday,
Circular 5010.1D does not discuss the ‘‘would require recipients to provide a January 23, 2017. Send paper statements
relationship, if any, between program level of budget detail that will be to Bill Luecht, Senior Advisor, Office of
VerDate Sep<11>2014 19:06 Jan 12, 2017 Jkt 241001 PO 00000 Frm 00181 Fmt 4703 Sfmt 4703 E:\FR\FM\13JAN1.SGM 13JAN1](https://thefederalregister.org/doc/82_FR_4468/page/1.svg)
![4460 Federal Register / Vol. 82, No. 9 / Friday, January 13, 2017 / Notices
Legislative and External Affairs, CDFI has ordered publication of this notice SUPPLEMENTARY INFORMATION:
Fund, 1500 Pennsylvania Avenue NW., that the Advisory Board will convene an
Electronic and Facsimile Availability
Washington, DC 20220. Send electronic open meeting which will be conducted
statements to AdvisoryBoard@ via a telephone conference call from This document and additional
cdfi.treas.gov. 2:00 p.m. to 3:00 p.m. Eastern Standard information concerning OFAC are
In general, the CDFI Fund will make Time on Monday, January 30, 2017. available from OFAC’s Web site
all statements available in their original Public participation will be limited to (www.treasury.gov/ofac).
format, including any business or 50 individual phone lines. Notification Background
personal information provided such as of intent to attend the meeting must be
names, addresses, email addresses, or made via email to AdvisoryBoard@ On January 9, 2017, OFAC blocked
telephone numbers, for public cdfi.treas.gov. The CDFI Fund will send the property and interests in property of
inspection, and photocopying at the confirmation of attendance and the following five individuals pursuant
CDFI Fund. The CDFI Fund is open on instructions for accessing the meeting to to the Magnitsky Act (Pub. L. 112–208,
official business days between the hours the first 50 individuals who submit December 14, 2012):
of 9:00 a.m. and 5:00 p.m. You can make notifications of intent. For more 1. PLAKSIN, Gennady Nikolaevich, Russia;
an appointment to inspect statements by information, please call (202) 653–0322. DOB 31 Aug 1961; Gender Male (individual)
emailing AdvisoryBoard@cdfi.treas.gov. The Advisory Board meeting will [MAGNIT].
All statements received, including include (i) a presentation to the full 2. GORDIEVSKY, Stanislav Evgenievich,
Russia; DOB 09 Sep 1977; Gender Male
attachments and other supporting Advisory Board by an Advisory Board (individual) [MAGNIT].
materials, are part of the public record subcommittee on a plan to promote the 3. LUGOVOI, Andrei Konstantinovich,
and subject to public disclosure. You knowledge and utilization of the Access Russia; DOB 19 Sep 1966; Gender Male
should only submit information that to Capital and Credit in Native (individual) [MAGNIT].
you wish to make publicly available. Communities report and (ii) deliberation 4. KOVTUN, Dmitri, Russia; DOB 1965;
FOR FURTHER INFORMATION CONTACT: Bill on the recommendations contained Gender Male (individual) [MAGNIT].
Luecht, Senior Advisor, Office of therein. 5. BASTRYKIN, Alexander Ivanovich,
Russia; DOB 27 Aug 1953; Gender Male
Legislative and External Affairs, CDFI Authority: 12 U.S.C. 4703. (individual) [MAGNIT].
Fund, 1500 Pennsylvania Avenue NW.,
Washington, DC 20220, (202) 653–0322 Mary Ann Donovan, Gennady Plaksin and Stanislav
(this is not a toll free number) or Director, Community Development Financial Gordievsky are being designated
AdvisoryBoard@cdfi.treas.gov. Other Institutions Fund. pursuant to Section 404(a) of the
information regarding the CDFI Fund [FR Doc. 2017–00649 Filed 1–12–17; 8:45 am] Magnitsky Act because they were
and its programs may be obtained BILLING CODE 4810–70–P involved in the criminal conspiracy
through the CDFI Fund’s Web site at uncovered by Sergei Magnitsky. Andrei
http://www.cdfifund.gov. Lugovoi and Dmitri Kovtun are being
DEPARTMENT OF THE TREASURY designated pursuant to Section 404(a) of
SUPPLEMENTARY INFORMATION: Section
104(d) of the Community Development the Magnitsky Act because they are
Office of Foreign Assets Control responsible for the extrajudicial killing
Banking and Financial Institutions Act
of 1994 (12 U.S.C. 4703(d)) established of Alexander Litvinenko for his
Sanctions Actions Pursuant to the
the Advisory Board. The charter for the activities seeking to expose illegal
Sergei Magnitsky Rule of Law
Advisory Board has been filed in activity carried out by officials of the
Accountability Act of 2012
accordance with the Federal Advisory Government of the Russian Federation.
Committee Act, as amended (5 U.S.C. AGENCY: Office of Foreign Assets Alexander Bastrykin is being designated
App.), and with the approval of the Control, Treasury. pursuant to Section 404(a) of the
Secretary of the Treasury. ACTION: Notice. Magnitsky Act for participating in
The function of the Advisory Board is efforts to conceal the legal liability for
to advise the Director of the CDFI Fund SUMMARY: The Treasury Department’s the detention, abuse, or death of Sergei
(who has been delegated the authority to Office of Foreign Assets Control Magnitsky.
administer the CDFI Fund) on the (‘‘OFAC’’) is publishing the names of Dated: January 9, 2017.
policies regarding the activities of the five individuals whose property and John E. Smith,
CDFI Fund. The Advisory Board shall interests in property are blocked
Acting Director, Office of Foreign Assets
not advise the CDFI Fund on the pursuant to the Sergei Magnitsky Rule Control.
approving or declining any particular of Law Accountability Act of 2012 (the
[FR Doc. 2017–00603 Filed 1–12–17; 8:45 am]
application for monetary or non- ‘‘Magnitsky Act’’).
BILLING CODE 4810–AL–P
monetary awards. The Advisory Board DATES: OFAC’s actions described in this
shall meet at least annually. notice were effective on January 9, 2017.
It has been determined that this FOR FURTHER INFORMATION CONTACT: The DEPARTMENT OF THE TREASURY
document is not a major rule as defined Department of the Treasury’s Office of
in Executive Order 12291 and therefore Foreign Assets Control: Assistant Office of Foreign Assets Control
regulatory impact analysis is not Director for Licensing, tel.: 202–622–
required. In addition, this document 2480, Assistant Director for Policy, tel.: Sanctions Actions Pursuant To The
asabaliauskas on DSK3SPTVN1PROD with NOTICES
does not constitute a rule subject to the 202–622–2746, Assistant Director for Cuban Assets Control Regulations
Regulatory Flexibility Act (5 U.S.C. Regulatory Affairs, tel.: 202–622–4855, AGENCY: Office of Foreign Assets
chapter 6). Assistant Director for Sanctions Control, Treasury.
In accordance with section 10(a) of Compliance & Evaluation, tel.: 202–622– ACTION: Notice.
the Federal Advisory Committee Act, 5 2490; or the Department of the
U.S.C. App. 2 and the regulations Treasury’s Chief Counsel (Foreign SUMMARY: The Department of the
thereunder, Bill Luecht, Designated Assets Control), Office of the General Treasury’s Office of Foreign Assets
Federal Officer of the Advisory Board, Counsel, tel.: 202–622–2410. Control (OFAC) is publishing the names
VerDate Sep<11>2014 19:06 Jan 12, 2017 Jkt 241001 PO 00000 Frm 00182 Fmt 4703 Sfmt 4703 E:\FR\FM\13JAN1.SGM 13JAN1](https://thefederalregister.org/doc/82_FR_4468/page/2.svg)
Document Created: 2017-01-13 02:45:29
Document Modified: 2017-01-13 02:45:29
| 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 of open meeting. | |
| Dates | The meeting will be held from 2:00 p.m. to 3:00 p.m. Eastern Standard Time on Monday, January 30, 2017. | |
| Contact | Bill Luecht, Senior Advisor, Office of Legislative and External Affairs, CDFI Fund, 1500 Pennsylvania Avenue NW., Washington, DC 20220, (202) 653-0322 (this is not a toll free number) or [email protected] 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 4459 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR