[Federal Register Volume 67, Number 157 (Wednesday, August 14, 2002)]
[Notices]
[Pages 52932-52933]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-20501]


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DEPARTMENT OF COMMERCE

Economic Development Administration


Revolving Loan Fund Reporting Requirements--Request for Comments; 
Submission for OMB Review; Comment Request

    The Department of Commerce (DoC) has submitted to the Office of 
Management and Budget (OMB) for clearance the following proposal for 
collection of information under provisions of the Paperwork Reduction 
Act (44 U.S.C. Chapter 5).
    Agency: Economic Development Administration (EDA).
    Title: Revolving Loan Fund (RLF) Reporting Requirements (includes 
RLF Standards Terms and Conditions, RLF Plan, RLF Annual Report, RLF 
Semiannual Report, RLF Income and Expense Statement and RLF Audit 
Requirements).
    Agency Form Number: ED-209A, ED-209S and ED-209I.

[[Page 52933]]

    OMB Approval Number: 0610-0095.
    Type of Request: Extension of a currently approved collection.
    Burden: 15,448 hours.
    Average Hours Per Response: 12 burden hours for post-approval 
monitoring; and 40 hours for the Revolving Loan Fund Plan.
    Number of Respondents: Approximately 627 respondents (1,254 
responses annually for post-approval monitoring) and 10 respondents 
annually for the RLF Plan.
    Needs and Uses: 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 (Pub. L. 105-393) and EDA's implementing 
regulations at 13 CFR Chapter III.
    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.
    Affected Public: State, local or Tribal Government and not-for-
profit organizations.
    Frequency: On occasion for post-approval monitoring, and related 
reports.
    Respondent's Obligation: Required to obtain or retain benefits.
    OMB Desk Officer: David Rostker, (202) 395-7340.
    Copies of the above information collection proposal can be obtained 
by calling or writing Madeleine G. Clayton, Departmental Paperwork 
Clearance Officer, (202) 482-3129, U.S. Department of Commerce, Room 
6608, 14th and Constitution Avenue, NW., Washington, DC 20230, (or via 
Internet at [email protected]).
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to David Rostker, OMB Desk Officer, Room 10202, New Executive Office 
Building, Washington, DC 20503.

    Dated: August 8, 2002.
Madeleine G. Clayton,
Departmental Paperwork Clearance Officer, Office of the Chief 
Information Officer.
[FR Doc. 02-20501 Filed 8-13-02; 8:45 am]
BILLING CODE 3510-34-P