[Federal Register Volume 66, Number 33 (Friday, February 16, 2001)]
[Notices]
[Page 10771]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-3943]


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

DEPARTMENT OF THE TREASURY


Office of Community Adjustment and Investment Programs, Proposed 
Renewal of Information Collection; Comment Request

ACTION: Notice and request for comments.

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

SUMMARY: The Department of the Treasury, both as Chair of the inter-
agency committee (the ``Finance Committee'') established by Executive 
Order No. 12916, dated May 13, 1994, which administers the United 
States Community Adjustment and Investment Program, and 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 a continuing Federally-sponsored information collection, 
as required by the Paperwork Reduction Act of 1995, Public Law 104-13 
(44 U.S.C. 3506(c)(2)(A)). Currently, the Office of Community 
Adjustment and Investment Programs within the Department of the 
Treasury is soliciting comment concerning its renewal of a Federally 
sponsored information collection by the North American Development Bank 
(``NADBank'') titled, ``Community Adjustment and Investment Program 
Grant Program Grant Agreement.''

DATES: Written comments should be received on or before April 20, 2001, 
to be assured of consideration.

ADDRESSES: Direct all written comments to Jean Whaley, Director, Office 
of Community Adjustment and Investment Programs, Department of the 
Treasury, Room 5017, 1500 Pennsylvania Ave., NW., Washington, DC 20220 
(Tel.: 202/622-0741).

FOR FURTHER INFORMATION CONTACT: You can request additional information 
from or a copy of the collection from Jean Whaley, Director, Office of 
Community Adjustment and Investment Programs, Department of the 
Treasury, Room 5017, 1500 Pennsylvania Ave., NW., Washington, DC 20220 
(Tel.: 202/622-0741).

SUPPLEMENTARY INFORMATION:
    Title: Community Adjustment and Investment Program Grant Program 
Grant Agreement.
    OMB Number: 1505-0178.
    Abstract: The Department of the Treasury, as Chair of the Finance 
Committee, is sponsoring the NADBank's collection of information under 
the terms of a Grant Agreement between NADBank and awardees of NADBank 
grants. The purpose of the grants is to help create and retain private-
sector jobs in U.S. communities experiencing job dislocations 
attributable to changing trade patterns with Canada and Mexico due to 
the North American Free Trade Agreement. The subject NADBank grants are 
endorsed by the United States Government (``USG''), and the funds for 
the NADBank grants were transferred to NADBank by the USG. The 
collection of information in the Grant Agreement is fivefold. First, it 
requires each awardee to submit to NADBank an opinion of awardee 
counsel addressing such commercially standard matters as the due 
authorization, execution, delivery and enforceability of the Grant 
Agreement. Second, it requires each awardee to submit to NADBank 
quarterly reports addressing the awardee's financial and project 
performance. Third, it requires each awardee to submit to NADBank a 
final financial and performance report after the expiration of the 
grant. Fourth, it requires each awardee to submit annually to NADBank 
audited financial statements. Fifth, it imposes specific record keeping 
requirements. The purpose of the collection of information is to ensure 
that the Grant Agreement constitutes a legal binding obligation of each 
awardee and to monitor awardee compliance, performance, and financial 
soundness. The purpose of the record keeping requirements is to ensure 
both the effective and efficient use of the grant consistent with sound 
business practices, and the ability to audit the use of the grant 
consistent with the Grant Agreement.
    Current Actions: Extension.
    Type of Review: Extension.
    Affected Public: State, local, and Indian tribal Governments and 
not-for-profit institutions.
    Estimated Number of Respondents: 36.
    Estimated Total Annual Responses: 216-262.
    Frequency of Responses: This varies, depending on the specific 
reporting requirements, but consists of quarterly, annual and on 
occasion reporting requirements.
    Estimated Total Annual Burden Hours: 828 hours.

Requests 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: (a) Whether 
the collection of information is necessary, including whether the 
information has practical utility; (b) the accuracy of the estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
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; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Dated: February 13, 2001.
Jean Whaley,
Director, Office of Community Adjustment and Investment Programs.
[FR Doc. 01-3943 Filed 2-15-01; 8:45 am]
BILLING CODE 4810-25-P