[Federal Register Volume 68, Number 209 (Wednesday, October 29, 2003)]
[Notices]
[Pages 61716-61717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-27204]


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DEPARTMENT OF THE TREASURY

Community Development Financial Institutions Fund


Proposed Collection; Comment Request

ACTION: Notice and request for comments.

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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, Pub. L. 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 Native American CDFI 
Assistance (NACA) Program Application.

DATES: Written comments should be received on or before December 29, 
2003 to be assured of consideration.

ADDRESS: Direct all written comments to Linda G. Davenport, Deputy 
Director for Policy and Programs, 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 copy of the draft NACA Program 
Application or requests for additional information may be obtained by 
contacting: Margaret Nilson, Manager (Native American Initiative), 
Community Development Financial Institutions Fund, U.S. Department of 
the Treasury, 601 13th Street NW., Suite 200 South, Washington, DC 
20005; or by phone to (202) 622-8662.

SUPPLEMENTARY INFORMATION:
    Title: Native American CDFI Assistance (NACA) Program Application
    Abstract: The Community Development Banking and Financial 
Institutions Act of 1994 (12 U.S.C. 4701 et seq.) (the ``Act'') 
authorizes the Community Development Financial Institutions Fund (the 
``Fund'') of the U.S. Department of the Treasury to promote economic 
revitalization and community development through investment in and 
assistance to Fund-certified community development financial 
institutions (``CDFIs'') through the CDFI Program. In addition, the 
Departments of Veterans Affairs and Housing and Urban Development, and 
Independent Agencies Appropriations Act, 2002 (Pub. L. 107-73) 
authorizes the Fund to provide technical assistance grants to benefit 
Native American, Alaska Native and Native Hawaiian communities 
(hereafter referred to as ``Native American Communities'') by building 
the capacity of CDFIs that serve those communities (hereafter referred 
to as ``Native American CDFIs''). Further, the Consolidated 
Appropriations Resolution, 2003 (Pub. L. 108-7) authorizes the Fund to 
provide financial assistance and technical assistance to benefit Native 
American Communities, with such benefit being provided primarily 
through qualified community development lender organizations with 
experience and expertise in community development banking and lending 
in Indian country, Native American organizations, Tribes and tribal 
organizations and other suitable providers.
    Through the NACA Program, the Fund provides (i) FA and/or TA awards 
to Native American CDFIs and entities that can be certified as Native 
American CDFIs at time of award; and (ii) TA awards to entities that 
propose to become Native American CDFIs within two years and 
``Sponsoring Entities'' (e.g., Native American organizations, Tribes, 
Tribal organizations) that propose to create separate legal entities

[[Page 61717]]

that will become Native American CDFIs within two years.
    Type of Review: New collection.
    Affected Public: Not-for-profit institutions; state, local or 
tribal government and tribal entities; and businesses or other for-
profit institutions.
    Estimated Number of Respondents: 40.
    Estimated Annual Time Per Respondent: 65 hours.
    Estimated Total Annual Burden Hours: 2,600 hours.
    Request 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 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.

    Authority: Pub. L. 107-73; Pub. L. 108-7.

    Dated: October 21, 2003.
Tony T. Brown,
Director, Community Development Financial Institutions Fund.
[FR Doc. 03-27204 Filed 10-28-03; 8:45 am]
BILLING CODE 4810-70-P