[Federal Register Volume 77, Number 97 (Friday, May 18, 2012)]
[Notices]
[Pages 29754-29755]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-12026]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Requests

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Written comments must be received on or before June 18, 2012 to 
be assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden, to (1) Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for Treasury, New 
Executive Office Building, Room 10235, Washington, DC 20503, or email 
at [email protected] and (2) Treasury PRA Clearance Officer, 
1750 Pennsylvania Ave., NW., Suite 11020, Washington, DC 20220, or on-
line at http://www.PRAComment.gov.

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request may be found at http://www.reginfo.gov.

SUPPLEMENTARY INFORMATION: Title: SSBCI Allocation Agreement for 
Participating States.
    OMB Control Number: 1505-0227.
    Abstract: The SSBCI Allocation Agreement for States, which is 
required by Title III of the Small Business Jobs Act of 2010 (Pub. L. 
111-240, ``the Act''), will memorialize the terms and conditions for 
funds made available to participating states under the SSBCI. Among 
other duties, included in the terms of this agreement is the 
requirement that all Participating States submit quarterly and annual 
reporting to Treasury which details the use of funds under the program. 
This information is necessary in order to comply with reporting 
requirements established by the Act.
    The SSBCI Allocation Agreement for Participating Municipalities is 
a modified version of the SSBCI Allocation Agreement for Participating 
States that contains additional specific provisions for municipalities 
participating in the SSBCI, principally: (a) A requirement that 
municipal applicants applying jointly for SSBCI funds shall document 
and provide to Treasury a copy of a cooperative agreement that details 
the roles and responsibilities among each municipality as a condition 
of closing; and (b) a requirement that, for any loans or investments 
made outside of the geographic borders of a Participating Municipality, 
that Participating Municipality shall warrant in writing that such a 
transaction will result in significant economic benefit to that 
municipality.
    The SSBCI Application form will collect information from 
Participating States, territories, or municipalities that wish to 
request an amendment to their existing approved SSBCI Application 
throughout the term of the Allocation Agreement. This form will collect 
the following: (a) Information about proposed changes to the 
apportionment of SSBCI funds among programs; (b) program design 
information for proposed new programs; or, (c) proposed material 
changes to the design of programs. Only those participating states, 
territories, or municipalities that elect to request a modification to 
their original SSBCI Application will be required to complete this 
form.
    The SSBCI Technical Assistance Quarterly Review collection is a 
voluntary collection from Participating States, territories, and 
municipalities that will be conducted telephonically on a quarterly 
basis and will not require a written submission to Treasury.
    The SSBCI Technical Assistance Quarterly Review will collect the 
following: (a) Qualitative data related to program performance; (b) an 
assessment of program implementation status to date; and (c) an 
assessment any future challenges to program performance. This data will 
be used by Treasury to determine the types and methods through which to 
offer technical assistance to participants in order to assist states 
with meeting the program performance goals of achieving the private 
leverage expectations of the SSBCI.
    Type of Review: Extension of a currently approved collection.
    Affected Public: States, territories, the District of Columbia and 
municipalities that were approved by Treasury to participate in the 
SSBCI.
SSBCI Quarterly and Annual Reporting Requirements
    Estimated Number of Respondents: 62.
    Estimated Average Time per Respondent: Approximately ten (10) hours 
per respondent per year. The estimated average time per respondent for 
the quarterly report is one (1) hour per report for a total of four (4) 
hours per year. The estimated average time per respondent for the 
annual report ranges from two (2) hours per year to approximately 
nineteen (19) hours per year depending on the use of electronic 
reporting mechanisms. The weighted average time per respondent for the 
annual report is 6.36 hours per year. The total estimated annual burden 
for this collection is 642 hours per year.

SSBCI Allocation Agreement for Participating Municipalities

    Estimated Number of Respondents: 5.
    Estimated Average Time per Respondent: SSBCI anticipates that 3 
applicants will require a cooperative agreement. The estimate time to 
complete this document is 40 hours per agreement, for a net, one-time 
total of 120 hours. Municipalities that have applied for the SSBCI 
program anticipate a total of 195 loan or investment transactions per 
year. SSBCI estimates that approximately 20% of these transactions may 
occur outside of the boundaries of applicant municipalities and that 
for each applicable transaction, the warranty will take approximately 1 
hour to complete. Therefore, the estimated annual burden associated 
with warrants will take 39 hours.

SSBCI Application Form

    Estimated Number of Respondents: 15 per year.
    Estimated Average Time per Respondent: The estimated average time 
per respondent to complete the sections of the application form that 
document program design is approximately nine (9) hours per respondent 
per year. SSBCI estimates that approximately 15 respondents will elect 
to request a modification each year for a total estimated annual burden 
of 135 hours per year.

SSBCI Technical Assistance Quarterly Review

    Estimated Number of Respondents: 62.
    Estimated Average Time per Respondent: Approximately four (4) hours 
per respondent per year. The

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estimated average time per respondent for the quarterly review is one 
(1) hour telephone call conducted a total of four (4) hours per year. 
The estimated total annual burden is 248 hours per year.

SSBCI Compliance Guidance

    Estimated Number of Respondents: 62.
    Estimated Average Time per Respondent: Approximately one (1) hour 
per respondent per year to collect suggested disclosures, approximately 
four (4) hours per respondent per year to maintain suggested records, 
and approximately one-quarter (0.25) of an hour per respondent per year 
to optionally submit an annual audit of state program financials to 
SSBCI. All information collections and estimated burdens are optional 
for all respondents. The estimated total annual burden is 326 hours per 
year.
    Estimated Total Annual Burden Hours for all Collections: 1,390 
hours, plus a one-time total burden of 135 hours for municipalities 
that apply jointly.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2012-12026 Filed 5-17-12; 8:45 am]
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