[Federal Register Volume 73, Number 111 (Monday, June 9, 2008)]
[Notices]
[Page 32549]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-12801]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce will submit to the Office of Management 
and Budget (OMB) for clearance the following proposal for collection of 
information under the provisions of the Paperwork Reduction Act (44 
U.S.C. Chapter 35).
    Agency: Economic Development Administration (EDA).
    Title: Revolving Loan Fund Reporting and Compliance Requirements.
    Form Number(s): ED-209 (replaces ED-209S and ED-209A), ED-209I.
    OMB Approval Number: 0610-0095.
    Type of Review: Regular submission.
    Burden Hours: 3,679.
    Number of Respondents: 584.
    Average Hours Per Response: ED-209, 2 hours and 54 minutes; and ED-
209I, 15 minutes.
    Needs and Uses: The mission of the Economic Development 
Administration (EDA) is to lead the federal economic development agenda 
by promoting innovation and competitiveness, preparing American regions 
for growth and success in the worldwide economy. One of EDA's seven 
economic development programs is the Revolving Loan Fund (RLF) Program. 
EDA may award competitive grants to units of local government, state 
governments, institutions of higher education, public or private non-
profit organizations, district organizations, and tribal governments to 
establish RLFs. Following grant award and fulfillment of EDA's pre-
disbursement requirements, an RLF grantee may disburse grant funds to 
make loans at interest rates that are at or below current market rate 
to small businesses or to businesses that cannot otherwise borrow 
capital. As the loans are repaid, the grantee uses a portion of 
interest earned to pay for administrative expenses and adds remaining 
principal and interest repayments to the RLF's capital base to make new 
loans. The information contained in the ED-209, ED-209I, and RLF Plan, 
submitted by the grantee, will be used by EDA personnel to monitor the 
compliance of RLF grantees with legal and programmatic requirements, 
and to ensure that EDA exercises adequate fiduciary responsibility over 
its portfolio.
    Affected Public: Business or other for-profit organizations; not-
for-profit institutions; state, local or tribal government.
    Frequency: Semi-annually.
    Respondent's Obligation: Mandatory.
    OMB Desk Officer: David Roster, (202) 395-3897.
    Copies of the above information collection proposal can be obtained 
by calling or writing Diana Hynek, Departmental Paperwork Clearance 
Officer, (202) 482-0266, Department of Commerce, Room 6625, 14th and 
Constitution Avenue, NW., Washington, DC 20230 (or via the 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, FAX number (202) 395-7285, or 
[email protected].

    Dated: June 4, 2008.
Gwellnar Banks,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. E8-12801 Filed 6-6-08; 8:45 am]
BILLING CODE 3510-34-P