[Federal Register Volume 68, Number 109 (Friday, June 6, 2003)]
[Notices]
[Pages 34032-34033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-14296]


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

DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Proposed Collection; Comment Request

ACTION: Notice and request for comments.

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

SUMMARY: The Department of the Treasury, 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 and/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)). Currently, the Community Development Financial 
Institutions Fund (the ``Fund'') within the Department of the Treasury 
is soliciting comments concerning the Fund's reporting requirement for 
an annual report from awardees of the Fund's Community Development 
Financial Institutions (CDFI) Program.

DATES: Written comments should be received on or before August 5, 2003, 
to be assured of consideration.

ADDRESSES: Direct all comments to Owen Jones, Deputy Director for 
Management/CFO, Community Development Financial Institutions Fund, U.S. 
Department of the Treasury, 601 13th Street, NW., Suite 200 South, 
Washington, DC 20005, facsimile number (202) 622-7754.

FOR FURTHER INFORMATION CONTACT: A draft of the information collection 
for the annual report may be obtained from the Fund's Web site at 
http://www.cdfifund.go. Requests for additional information should be 
directed to Owen Jones, Deputy Director for Management/CFO, Community 
Development Financial Institutions Fund, U.S. Department of the 
Treasury, 601 13th Street, NW., Suite 200 South, Washington, DC 20005, 
or call (202) 622-8662.

SUPPLEMENTARY INFORMATION:
    Title: The Community Development Financial Institutions Fund--
Annual Report.
    OMB Number: 1559-0006.
    Abstract: The purpose of the Fund's CDFI Program is to promote 
economic revitalization and community development through investment in 
and assistance to certified CDFIs. Through the CDFI Program, the Fund 
provides financial and technical assistance in the form of grants, 
loans, equity investments, and deposits to competitively selected CDFIs 
and entities proposing to become CDFIs. The Fund provides such 
assistance to CDFIs to enhance their capacity to address the community 
development and capital access needs of their particular target 
markets, including Native American, Alaska Native, and Native Hawaiian 
communities.
    All CDFI Program awardees are required to submit an annual report 
to the Fund. The annual report consists of narrative and quantitative 
information both at the institution and transaction levels. The annual 
report is used to assess the awardee's: (1) Activities in support of 
its Comprehensive Business Plan; (2) use of the Fund's financial and 
technical assistance; (3) financial condition; and (4) overall 
compliance with the terms and conditions of the

[[Page 34033]]

Assistance Agreement executed by the Fund and the awardee.
    Current Action: N/A.
    Type of review: Renewal.
    Affected Public: Not-for-profit institutions, businesses or other 
for-profit institutions and tribal entities.
    Estimated Number of Respondents: 600.
    Estimated Annual Time Per Respondent: 8 hours.
    Estimated Total Annual Burden Hours: 4,800 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 
for the proper performance of the functions of the Fund, including 
whether the information shall have practical utility; (b) the accuracy 
of the Fund's 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 
technology; and (e) estimates of capital or start-up costs and costs of 
operation, maintenance, and purchase of services to provide 
information.

    Authority: 12 U.S.C. 4703, 4703 note, 4707, 4710, 4714, 4717; 31 
U.S.C. 321; and 12 CFR part 1805.

    Dated: June 2, 2003.
Tony T. Brown,
Director, Community Development Financial Institutions Fund.
[FR Doc. 03-14296 Filed 6-5-03; 8:45 am]
BILLING CODE 4810-70-P