[Federal Register Volume 67, Number 102 (Tuesday, May 28, 2002)]
[Notices]
[Pages 36854-36855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-13239]


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DEPARTMENT OF COMMERCE

Economic Development Administration


Revolving Loan Fund Reporting Requirements

ACTION: Proposed collection; comment request.

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SUMMARY: The Department of Commerce, 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 or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments must be submitted on or before July 29, 2002.

ADDRESSES: Direct all written comments to Madeleine Clayton, 
Departmental Forms Clearance Officer, Department of Commerce, Room 
6608, 14th and Constitution Avenue, NW., Washington, DC 20230 (or via 
Internet at [email protected]).

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection

[[Page 36855]]

instruments and instructions should be directed to Patricia Flynn, 
Director, Operations Review and Analysis Division, Economic Development 
Administration, Room 7015, Washington, DC 20230, telephone: (202) 482-
5353.

SUPPLEMENTARY INFORMATION:

I. Abstract

    The Economic Development Administration (EDA) provides investments 
that will help our partners across the nation (states, regions and 
communities) create wealth and minimize poverty by promoting a 
favorable business environment to attract private capital investment 
and high skill, high wage jobs through world-class capacity building, 
infrastructure, business assistance, research grants and strategic 
initiatives.
    EDA's Revolving Loan Fund (RLF) Reporting Requirements are needed 
to ensure proper monitoring and compliance with program and 
administrative requirements as set forth in EDA's authorizing 
legislation (Public Law 105-393) and EDA's implementing regulations at 
13 CFR Chapter III.

II. Method of Collection

    The RLF Reporting Requirements are used by EDA to monitor grantee 
progress in establishing the loan funds, making initial loans, 
collecting and relending the proceeds from loans, and compliance with 
time schedules and federal requirements for administering grants, civil 
rights, environmental and other requirements prior to grant 
disbursement. The RLF Reporting Requirements are based on OMB 
administrative requirements for federal grants as implemented by DOC 
rules at 15 CFR Parts 14, 24, 29, and CFR 13 CFR Part III and are 
intended to supplement and explain such requirements and are not 
intended to replace or negate such requirements.

III. Data

    OMB Number(s): 0610-0095.
    Agency Form Number: ED-209A, ED-209S and ED-209I.
    Type of Review: Extension of a currently approved collection.
    Affected Public: State, local or Tribal Governments and not-for-
profit organizations.
    Estimated Number of Respondents: 627.
    Estimated Time per Response: 12 hours for RLF Reporting 
Requirements (includes RLF Annual Report, RLF Semiannual Report and RLF 
Income and Expense Statement).
    Estimated Total Annual Burden Hours: 15,048 hours.
    Estimated Total Annual Cost: $833,910.

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
(including hours and cost) of the proposed collection of information; 
(c) ways to enhance the equality, utility and clarity of the 
information to be collected; and (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.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; and they also will become a matter of public record.

    Dated: May 21, 2002.
Madeleine Clayton,
Departmental Paperwork Clearance Officer, Office of the Chief 
Information Officer.
[FR Doc. 02-13239 Filed 5-24-02; 8:45 am]
BILLING CODE 3510-34-M