[Federal Register Volume 75, Number 82 (Thursday, April 29, 2010)]
[Notices]
[Pages 22613-22614]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-9883]


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DEPARTMENT OF THE INTERIOR

Bureau of Indian Affairs


Renewal of Agency Information Collection for Loan Guarantee, 
Insurance, and Interest Subsidy Program; Request for Comments

AGENCY: Bureau of Indian Affairs, Interior.

ACTION: Notice of Submission to the Office of Management and Budget.

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SUMMARY: As required by the Paperwork Reduction Act, the Department of 
the Interior (DOI), Office of Indian Energy and Economic Development 
(IEED), is submitting the information collection for the Loan 
Guarantee, Insurance, and Interest Subsidy Program to the Office of 
Management and Budget (OMB) for revision. The information collection is 
currently authorized by OMB Control Number 1076-0020, which expires 
April 30, 2010. The information collection allows IEED to ensure 
compliance with Program requirements and includes the use of several 
forms.

DATES: Interested persons are invited to submit comments on or before 
June 1, 2010.

ADDRESSES: You may submit comments on the information collection to the 
Desk Officer for Department of the Interior at the Office of Management 
and Budget, by facsimile to (202) 395-5806 or you may send an e-mail 
to: [email protected]. Please send a copy of your comments to 
Molly Kubiak, Office of Indian Energy and Economic Development, U.S. 
Department of the Interior, 1951 Constitution Ave., NW., Mail Stop 20-
SIB, Washington, DC 20245; facsimile: (202) 208-4564; or e-mail: 
[email protected].

FOR FURTHER INFORMATION CONTACT: Molly Kubiak, (202) 208-0121.

SUPPLEMENTARY INFORMATION: 

I. Abstract

    The IEED is seeking revision and renewal of the approval for the 
information collection conducted under 25 CFR 103, implementing the 
Loan Guarantee, Insurance, and Interest Subsidy Program, established by 
25 U.S.C 1451 et seq. The information collection allows IEED to 
determine the eligibility and credit-worthiness of respondents and 
loans and otherwise ensure compliance with Program requirements. This 
information collection includes the use of several forms. The forms 
have been revised to reflect the current organization of the program 
office as being within the Office of the Assistant Secretary--Indian 
Affairs, rather than within the Bureau of Indian Affairs, and to change 
the form numbers. The following chart shows the new form numbers.

[[Page 22614]]



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          Previous Form No.                  New Form No.                           Form name
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5-4753...............................  LGA10..................  Loan Guarantee Agreement.
5-4754...............................  LIA10..................  Loan Insurance Agreement.
5-4754a..............................  NIL10..................  Notice of Insured Loan.
5-4755...............................  RLG10..................  Request to the Department of the Interior for
                                                                 Loan Guarantee, Loan Insurance, or Interest
                                                                 Subsidy.
5-4749...............................  ISR10..................  Indian Affairs Interest Subsidy Report.
5-4759...............................  ALD10..................  Assignment of Loan Documents and Related Rights.
5-4760a..............................  NOD10..................  Notice of Default.
5-4760b..............................  CFL10..................  Claim for Loss.
----------------------------------------------------------------------------------------------------------------

    Material changes were made to the Loan Guarantee Agreement form, 
LGA10, to reflect the program change increasing the threshold amounts 
from $1,000,000 to $2,000,000 in average outstanding balance and 
minimum outstanding balance to obtain ``preferred lender'' and 
``performance lender'' designations. The Department also updated both 
its Loan Guarantee Agreement form and Loan Insurance Agreement form to 
increase the timeframe in which closing must occur following issuance 
of a loan guarantee certificate from 60 to 90 days and to add 
provisions that will allow the Department to publicize successful 
financing projects.
    The Department has also adjusted its burden hour estimates based on 
past experience with the program, refining the number of applications 
it expects to receive and the time it takes to complete them.

II. Request for Comments

    The Department requests that you send your comments on this 
collection to the location listed in the ADDRESSES section. Your 
comments should address: (a) The necessity of the information 
collection for the proper performance of the agencies, including 
whether the information will have practical utility; (b) the accuracy 
of our estimate of the burden (hours and cost) of the collection of 
information, including the validity of the methodology and assumptions 
used; (c) ways we could enhance the quality, utility and clarity of the 
information to be collected; and (d) ways we could minimize the burden 
of the collection of the information on the respondents, such as 
through the use of automated collection techniques or other forms of 
information technology.
    Please note that an agency may not sponsor or conduct, and an 
individual need not respond to, a collection of information unless it 
has a valid OMB Control Number.
    It is our policy to make all comments available to the public for 
review at the Office of Indian Energy and Economic Development, U.S. 
Department of the Interior, 1951 Constitution Ave., NW., Mail Stop 20-
SIB, Washington, DC 20245 during the hours of 9 a.m.-5 p.m., Eastern 
Time, Monday through Friday except for legal holidays. Before including 
your address, phone number, e-mail address or other personally 
identifiable information, be advised that your entire comment--
including your personally identifiable information--may be made public 
at any time. While you may request that we withhold your personally 
identifiable information, we cannot guarantee that we will be able to 
do so.
    The OMB has up to 60 days to make a decision on the submission for 
renewal, but may make the decision after 30 days. Therefore, to receive 
the best consideration of your comments, you should submit them closer 
to 30 days than 60 days.

III. Data

    OMB Control Number: 1076-0020.
    Title: Loan Guarantee, Insurance, and Interest Subsidy, 25 CFR 103.
    Brief Description of Collection: Submission of this information 
allows IEED to implement the Loan Guarantee, Insurance, and Interest 
Subsidy Program, 25 U.S.C. 1451 et seq., the purpose of which is to 
encourage private lending to individual Indians and Indian 
organizations by providing lenders with loan guarantees or loan 
insurance to reduce their potential risk. The information collection 
allows IEED to determine the eligibility and credit-worthiness of 
respondents and loans and otherwise ensure compliance with Program 
requirements. This information collection includes the use of several 
forms. Response is required to obtain a benefit.
    Type of Review: Revision of a currently approved collection.
    Respondents: Lenders, including commercial banks, and borrowers, 
including individual Indians and Indian organizations.
    Number of Respondents: 295.
    Total Number of Responses: 1,357.
    Frequency of Response: As needed.
    Estimated Time per Response: Ranging from 0.5 to 2 hours.
    Estimated Total Annual Burden: 2,644 hours.

    Dated: April 20, 2010.
Alvin Foster,
Acting Chief Information Officer--Indian Affairs.
[FR Doc. 2010-9883 Filed 4-28-10; 8:45 am]
BILLING CODE 4310-4J-P