[Federal Register Volume 74, Number 181 (Monday, September 21, 2009)]
[Notices]
[Pages 48124-48125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-22676]


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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, 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 Certification of Material Events 
Form. This specific information collection will capture information 
related to Community Development Entity (CDE)/New Markets Tax Credit 
material events, as well as Community Development Financial 
Institutions (CDFI) material events, in a single form. The revised 
document will provide a more comprehensive list of potential material 
events to inform CDEs and CDFIs of the events that need to be reported 
to the CDFI Fund and will require the CDE or CDFI to affirmatively 
indicate, through a series of specific questions, whether or not the 
event will have an impact on areas of operations that are of particular 
concern to the CDFI Fund. This information will enable the CDFI Fund to 
better manage the Material Events review process and monitor the 
effects of Material Events on certification or compliance status.

DATES: Written comments should be received on or before November 20, 
2009 to be assured of consideration.

ADDRESSES: Direct all written comments to Bob Ibanez, Financial and 
Program Analyst, Community Development Financial Institutions Fund, 
U.S. Department of the Treasury, 601 13th Street, NW., Suite 200 South, 
Washington, DC 20005. Written comments may also be sent by fax to (202) 
622-7754, or by e-mail to [email protected]. Please include the 
Subject line ``Comments on the Certification of Material Events Form''.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to Bob 
Ibanez, Financial and Program Analyst, Community Development Financial 
Institutions Fund, U.S. Department of the Treasury, 601 13th Street, 
NW., Suite 200 South, Washington, DC 20005, by e-mail to 
[email protected], or by phone to (202) 927-6232 (this is not a 
toll-free number).

SUPPLEMENTARY INFORMATION:
    Title: Certification of Material Events Form.
    OMB Number: Pending OMB Approval.
    Abstract: This specific information collection will capture 
information related to Community Development Entity (CDE)/New Markets 
Tax Credit material events, as well as Community Development Financial 
Institutions (CDFI) material events, in a single form. The revised 
document will provide a more comprehensive list of potential material 
events to inform CDEs and CDFIs of the events that need to be reported 
to the CDFI Fund and will require the CDE or CDFI to affirmatively 
indicate, through a series of specific questions, whether or not the 
event will have an impact on areas of operations that are of particular 
concern to the CDFI Fund. This information will enable the CDFI Fund to 
better manage the Material Events review process and monitor the 
effects of Material Events on certification or compliance status.
    Current Actions: Currently revising and redesigning the 
Certification of Material Events Form.

[[Page 48125]]

    Type of Review: New Collection.
    Affected Public: CDFIs and CDEs; including business or other for-
profit institutions, non-profit entities, and State, local and Tribal 
entities.
    Estimated Number of Respondents: 200.
    Estimated Annual Time Per Respondent: .25 Hours.
    Estimated Total Annual Burden Hours: 50 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 agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency'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:  12 U.S.C. 4701 et seq.; 26 U.S.C. Sec.  45D.

    Dated: September 15, 2009.
Donna J. Gambrell,
Director, Community Development Financial Institutions Fund.
[FR Doc. E9-22676 Filed 9-18-09; 8:45 am]
BILLING CODE 4810-70-P