83 FR 60936 - Reporting and Recordkeeping Requirements Under OMB Review

SMALL BUSINESS ADMINISTRATION

Federal Register Volume 83, Issue 228 (November 27, 2018)

Page Range		60936-60937
FR Document		2018-25799

The Small Business Administration (SBA) is publishing this notice to comply with requirements of the Paperwork Reduction Act (PRA), which requires agencies to submit proposed reporting and recordkeeping requirements to OMB for review and approval, and to publish a notice in the Federal Register notifying the public of that submission.

Federal Register, Volume 83 Issue 228 (Tuesday, November 27, 2018)

[Federal Register Volume 83, Number 228 (Tuesday, November 27, 2018)]
[Notices]
[Pages 60936-60937]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-25799]


=======================================================================
-----------------------------------------------------------------------

SMALL BUSINESS ADMINISTRATION


Reporting and Recordkeeping Requirements Under OMB Review

AGENCY: Small Business Administration.

ACTION: 30-Day Notice.

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

SUMMARY: The Small Business Administration (SBA) is publishing this 
notice to comply with requirements of the Paperwork Reduction Act 
(PRA), which requires agencies to submit proposed reporting and 
recordkeeping requirements to OMB for review and approval, and to 
publish a notice in the Federal Register notifying the public of that 
submission.

DATES: Submit comments on or before December 27, 2018.

ADDRESSES: Comments should refer to the information collection by name 
and/or OMB Control Number and should be sent to: Agency Clearance 
Officer, Curtis Rich, Small Business Administration, 409 3rd Street SW, 
5th Floor, Washington, DC 20416; and SBA Desk Officer, Office of 
Information and Regulatory Affairs, Office of Management and Budget, 
New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Curtis Rich, Agency Clearance Officer, 
(202) 205-7030 [email protected].
    Copies: A copy of the Form OMB 83-1, supporting statement, and 
other documents submitted to OMB for review may be obtained from the 
Agency Clearance Officer.

SUPPLEMENTARY INFORMATION: SBA Form 1050, Settlement Sheet is used in 
SBA's 7(a) Loan Program to collect information from lenders and 
borrowers regarding the disbursement of loan proceeds. SBA relies on 
this information during the guaranty purchase review process as a 
component in determining whether to honor a loan guaranty. The 
currently approved form primarily requires the lender and borrower to 
certify to whether they complied with a series of loan requirements. 
The current form also requires submission of documentation (e.g., joint 
payee or

[[Page 60937]]

cancelled checks, invoices or paid receipts, and wire transfer records) 
in support of the certification. SBA has determined that this current 
information collection lacks enough specificity to yield the 
information regarding use of proceeds that would enable the agency to 
effectively monitor compliance with loan disbursement procedures. As a 
result, SBA is proposing to change both the content and format of the 
Form 1050.
    The form will be divided into several sections to clearly identify 
the information to be submitted. The revised form will continue to 
collect the same basic identifying information such as loan amount, 
loan number and lender's name. In addition, the form will continue to 
require certifications from both the lender and borrower regarding 
compliance with the disbursement requirements and accuracy of 
information submitted. However, generally the enumerated statements 
will be reduced or combined and replaced with requests for specific 
information. The revised form will include a listing of all of the uses 
of loan proceeds. For each applicable use, information regarding the 
names of the payees, the amount disbursed, and the authorized amount 
remaining will be collected. The revised form will also include a 
section to document the borrower's equity injection of cash, assets, 
and any seller contribution (on full standby for the life of the loan).
    These changes will allow the lender to more clearly document all of 
the sources and uses of funds at the time of loan closing. This 
additional information will better allow both lenders and SBA staff to 
ensure that the necessary information is collected at the time of loan 
origination.

(a) Solicitation of Public Comments

Solicitation of Public Comments

    Comments may be submitted on (a) whether the collection of 
information is necessary for the agency to properly perform its 
functions; (b) whether the burden estimates are accurate; (c) whether 
there are ways to minimize the burden, including through the use of 
automated techniques or other forms of information technology; and (d) 
whether there are ways to enhance the quality, utility, and clarity of 
the information.
Summary of Information Collections
    Title: Settlement Sheet.
    Description of Respondents: SBA Lenders and Borrowers.
    Form Number: SBA Form 1050.
    Estimated Annual Respondents: 28,224.
    Estimated Annual Responses: 28,224.
    Estimated Annual Hour Burden: 14,112.

Curtis Rich,
Management Analyst.
[FR Doc. 2018-25799 Filed 11-26-18; 8:45 am]
 BILLING CODE 8025-01-P

60936 Federal Register / Vol. 83, No. 228 / Tuesday, November 27, 2018 / Notices

rule change would be consistent with temporarily suspend such rule change if should be submitted on or before
and facilitate a governance and it appears to the Commission that such December 18, 2018.
regulatory structure that it is designed to action is necessary or appropriate in the For the Commission, by the Division of
prevent fraudulent and manipulative public interest, for the protection of Trading and Markets, pursuant to delegated
acts and practices, to promote just and investors, or otherwise in furtherance of authority.15
equitable principles of trade, to foster the purposes of the Act. Brent J. Fields,
cooperation and coordination with Secretary.
IV. Solicitation of Comments
persons engaged in facilitating
Interested persons are invited to [FR Doc. 2018–25882 Filed 11–26–18; 8:45 am]
transactions in securities, to remove
impediments to and perfect the submit written data, views, and BILLING CODE 8011–01–P

mechanism of a free and open market arguments concerning the foregoing,
and a national market system and, in including whether the proposed rule
general, to protect investors and the change is consistent with the Act. SMALL BUSINESS ADMINISTRATION
public interest. The Exchange believes Comments may be submitted by any of
the following methods: Reporting and Recordkeeping
that obsolete removing the Eleventh Requirements Under OMB Review
NYSE Operating Agreement from its Electronic Comments
rules and adding the Twelfth NYSE AGENCY: Small Business Administration.
• Use the Commission’s internet
Operating Agreement would remove ACTION: 30-Day Notice.
comment form (http://www.sec.gov/
impediments to the operation of the
rules/sro.shtml); or SUMMARY: The Small Business
Exchange by ensuring that its rules • Send an email to rule-comments@
remain consistent with the NYSE LLC Administration (SBA) is publishing this
sec.gov. Please include File Number SR– notice to comply with requirements of
operating agreement in effect. The NYSEAMER–2018–52 on the subject
Exchange notes that, as with the the Paperwork Reduction Act (PRA),
line. which requires agencies to submit
Eleventh NYSE Operating Agreement,
no amendment to the Twelfth Amended Paper Comments proposed reporting and recordkeeping
[sic] NYSE Operating Agreement could • Send paper comments in triplicate requirements to OMB for review and
be made without the Exchange filing a to Secretary, Securities and Exchange approval, and to publish a notice in the
proposed rule change with the Commission, 100 F Street NE, Federal Register notifying the public of
Commission. For the same reasons, the Washington, DC 20549–1090. that submission.
proposed rule change is also designed to All submissions should refer to File DATES: Submit comments on or before
protect investors as well as the public Number SR–NYSEAMER–2018–52. This December 27, 2018.
interest. file number should be included on the ADDRESSES: Comments should refer to
B. Self-Regulatory Organization’s subject line if email is used. To help the the information collection by name and/
Statement on Burden on Competition Commission process and review your or OMB Control Number and should be
comments more efficiently, please use sent to: Agency Clearance Officer, Curtis
The Exchange does not believe that Rich, Small Business Administration,
only one method. The Commission will
the proposed rule change will impose 409 3rd Street SW, 5th Floor,
post all comments on the Commission’s
any burden on competition that is not Washington, DC 20416; and SBA Desk
internet website (http://www.sec.gov/
necessary or appropriate in furtherance Officer, Office of Information and
rules/sro.shtml). Copies of the
of the purposes of the Exchange Act. Regulatory Affairs, Office of
submission, all subsequent
The proposed rule change is not Management and Budget, New
amendments, all written statements
designed to address any competitive Executive Office Building, Washington,
with respect to the proposed rule
issue but rather is concerned solely with DC 20503.
change that are filed with the
ensuring that the Commission will have FOR FURTHER INFORMATION CONTACT:
Commission, and all written
the ability to enforce the Exchange Act Curtis Rich, Agency Clearance Officer,
communications relating to the
with respect to NYSE Amex Options (202) 205–7030 curtis.rich@sba.gov.
proposed rule change between the
and its direct and indirect parent Copies: A copy of the Form OMB 83–
Commission and any person, other than
entities. 1, supporting statement, and other
those that may be withheld from the
C. Self-Regulatory Organization’s public in accordance with the documents submitted to OMB for
Statement on Comments on the provisions of 5 U.S.C. 552, will be review may be obtained from the
Proposed Rule Change Received From available for website viewing and Agency Clearance Officer.
Members, Participants, or Others printing in the Commission’s Public SUPPLEMENTARY INFORMATION: SBA Form
No written comments were solicited Reference Room, 100 F Street NE, 1050, Settlement Sheet is used in SBA’s
or received with respect to the proposed Washington, DC 20549 on official 7(a) Loan Program to collect information
rule change. business days between the hours of from lenders and borrowers regarding
10:00 a.m. and 3:00 p.m. Copies of the the disbursement of loan proceeds. SBA
III. Date of Effectiveness of the filing also will be available for relies on this information during the
Proposed Rule Change and Timing for inspection and copying at the principal guaranty purchase review process as a
Commission Action office of the Exchange. All comments component in determining whether to
The proposed rule change has become received will be posted without change. honor a loan guaranty. The currently
effective pursuant to Section 19(b)(3)(A) Persons submitting comments are approved form primarily requires the
amozie on DSK3GDR082PROD with NOTICES1

of the Act 13 and Rule 19b–4(f)(3) 14 cautioned that we do not redact or edit lender and borrower to certify to
thereunder. At any time within 60 days personal identifying information from whether they complied with a series of
of the filing of the proposed rule change, comment submissions. You should loan requirements. The current form
the Commission summarily may submit only information that you wish also requires submission of
to make available publicly. All documentation (e.g., joint payee or
13 15 U.S.C. 78s(b)(3)(A). submissions should refer to File
14 17 CFR 240.19b–4(f)(3). Number SR–NYSEAMER–2018–52 and 15 17 CFR 200.30–3(a)(12).

VerDate Sep<11>2014 17:45 Nov 26, 2018 Jkt 247001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 E:\FR\FM\27NON1.SGM 27NON1

Federal Register / Vol. 83, No. 228 / Tuesday, November 27, 2018 / Notices 60937

cancelled checks, invoices or paid Estimated Annual Responses: 28,224. DEPARTMENT OF STATE
receipts, and wire transfer records) in Estimated Annual Hour Burden:
14,112. [Public Notice: 10620]
support of the certification. SBA has
determined that this current information Curtis Rich, Determination on Imposition and
collection lacks enough specificity to Waiver of Sanctions Under Sections
Management Analyst.
yield the information regarding use of 603 and 604 of the Foreign Relations
[FR Doc. 2018–25799 Filed 11–26–18; 8:45 am]
proceeds that would enable the agency Authorization Act, Fiscal Year 2003
BILLING CODE 8025–01–P
to effectively monitor compliance with
loan disbursement procedures. As a Consistent with the authority
result, SBA is proposing to change both contained in section 604 of the Foreign
the content and format of the Form DEPARTMENT OF STATE Relations Authorization Act, Fiscal Year
1050. [Public Notice 10619 ] 2003 (Pub. L. 107–228) (the ‘‘Act’’)
The form will be divided into several pursuant to delegated authority, and
sections to clearly identify the Notice of Determinations; Culturally with reference to the determinations set
information to be submitted. The Significant Object Imported for out in the Report to Congress
revised form will continue to collect the Exhibition—Determinations: ‘‘Manet transmitted pursuant to section 603 of
same basic identifying information such and Modern Beauty’’ Exhibition the Act, regarding the extent of
as loan amount, loan number and noncompliance by the Palestine
SUMMARY: Notice is hereby given of the
lender’s name. In addition, the form will Liberation Organization (PLO) or the
following determinations: I hereby
continue to require certifications from Palestinian Authority with certain
determine that a certain object to be
both the lender and borrower regarding commitments, I hereby impose the
included in the exhibition ‘‘Manet and
compliance with the disbursement sanction set out in section 604(a)(1),
Modern Beauty,’’ imported from abroad
requirements and accuracy of ‘‘Denial of Visas to PLO and Palestinian
for temporary exhibition within the
information submitted. However, Authority Officials.’’ This sanction is
United States, is of cultural significance.
generally the enumerated statements imposed for a period of 180 days from
The object is imported pursuant to a
will be reduced or combined and the date that the report under section
loan agreement with the foreign owner
replaced with requests for specific 603 of the Act is transmitted to Congress
or custodian. I also determine that the
information. The revised form will or until such time as the next report
exhibition or display of the exhibit
include a listing of all of the uses of loan under section 603 is required to be
object at The Art Institute of Chicago, in
proceeds. For each applicable use, transmitted to Congress, whichever is
Chicago, Illinois, from on or about May
information regarding the names of the later.
26, 2019, until on or about September 8,
payees, the amount disbursed, and the Furthermore, I hereby determine that
2019, and at The J. Paul Getty Museum,
authorized amount remaining will be it is in the national security interest of
Los Angeles, California, from on or
collected. The revised form will also the United States to waive this sanction,
about October 8, 2019, until on or about
include a section to document the pursuant to section 604(c) of the Act.
January 12, 2020, and at possible
borrower’s equity injection of cash, This waiver shall be effective for a
additional exhibitions or venues yet to
assets, and any seller contribution (on period of 180 days from the date hereof
be determined, is in the national
full standby for the life of the loan). or until such time as the next report
interest. I have ordered that Public
These changes will allow the lender under section 603 of the Act is required
Notice of these determinations be
to more clearly document all of the to be transmitted to Congress,
published in the Federal Register.
sources and uses of funds at the time of whichever is later.
FOR FURTHER INFORMATION CONTACT: Julie This Determination shall be reported
loan closing. This additional
information will better allow both Simpson, Attorney-Adviser, Office of to Congress promptly and published in
lenders and SBA staff to ensure that the the Legal Adviser, U.S. Department of the Federal Register.
necessary information is collected at the State (telephone: 202–632–6471; email:
section2459@state.gov). The mailing Dated: October 15, 2018.
time of loan origination. John J. Sullivan,
address is U.S. Department of State, L/
(a) Solicitation of Public Comments PD, SA–5, Suite 5H03, Washington, DC Deputy Secretary of State.

Solicitation of Public Comments 20522–0505. [FR Doc. 2018–25729 Filed 11–26–18; 8:45 am]
SUPPLEMENTARY INFORMATION: The BILLING CODE 4710–31–P
Comments may be submitted on (a) foregoing determinations were made
whether the collection of information is pursuant to the authority vested in me
necessary for the agency to properly by the Act of October 19, 1965 (79 Stat. DEPARTMENT OF STATE
perform its functions; (b) whether the 985; 22 U.S.C. 2459), E.O. 12047 of [Public Notice: 10621]
burden estimates are accurate; (c) March 27, 1978, the Foreign Affairs
whether there are ways to minimize the Reform and Restructuring Act of 1998 Designation of Hajji ‘Abd al-Nasir, aka
burden, including through the use of (112 Stat. 2681, et seq.; 22 U.S.C. 6501 Hajji Abdelnasser, aka Hajji Abd al-
automated techniques or other forms of note, et seq.), Delegation of Authority Nasr, aka Taha al-Khuwayt as a
information technology; and (d) whether No. 234 of October 1, 1999, Delegation Specially Designated Global Terrorist
there are ways to enhance the quality, of Authority No. 236–3 of August 28,
utility, and clarity of the information. Acting under the authority of and in
2000, and Delegation of Authority No.
accordance with section 1(b) of
amozie on DSK3GDR082PROD with NOTICES1

Summary of Information Collections 236–17 of November 16, 2018.
Executive Order 13224 of September 23,
Title: Settlement Sheet. Jennifer Z. Galt, 2001, as amended by Executive Order
Description of Respondents: SBA Principal Deputy Assistant Secretary for 13268 of July 2, 2002, and Executive
Lenders and Borrowers. Educational and Cultural Affairs, Department Order 13284 of January 23, 2003, I
Form Number: SBA Form 1050. of State. hereby determine that the person known
Estimated Annual Respondents: [FR Doc. 2018–25834 Filed 11–26–18; 8:45 am] as Hajji ‘Abd al-Nasir, also known as
28,224. BILLING CODE 4710–05–P Hajji Abdelnasser, also known as Hajji

VerDate Sep<11>2014 17:45 Nov 26, 2018 Jkt 247001 PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 E:\FR\FM\27NON1.SGM 27NON1

Document Created: 2018-11-27 01:24:08
Document Modified: 2018-11-27 01:24:08

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		30-Day Notice.
Dates		Submit comments on or before December 27, 2018.
Contact		Curtis Rich, Agency Clearance Officer, (202) 205-7030 [email protected]
FR Citation		83 FR 60936