[Federal Register Volume 78, Number 113 (Wednesday, June 12, 2013)]
[Notices]
[Page 35359]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-13884]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 6, 2013.
    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: Comments should be received on or before July 12, 2013 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 8140, Washington, DC 20220, or email 
at [email protected].

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 maybe found at www.reginfo.gov.

Community Development Financial Institutions (CDFI) Fund

    OMB Number: 1559-0024.
    Type of Review: Revision of a currently approved collection.
    Title: New Markets Tax Credit (NMTC) Program Allocation Tracking 
System (ATS).
    Abstract: The New Markets Tax Credit Program (NMTC Program) was 
established by Congress in 2000 to spur new or increased investments 
into operating businesses and real estate projects located in low-
income communities. The NMTC Program attracts investment capital to 
low-income communities by permitting individual and corporate investors 
to receive a tax credit against their Federal income tax return in 
exchange for making equity investments in specialized financial 
institutions called Community Development Entities (CDEs). Via a 
competitive process, the Community Development Financial Institutions 
Fund (CDFI Fund) awards NMTC allocation awards to select CDEs, based 
upon information submitted in their NMTC Allocation Application. 
Entities receiving a NMTC allocation must enter into an allocation 
agreement with the CDFI Fund. The allocation agreement contains the 
terms and conditions, including all reporting requirements, associated 
with the receipt of a NMTC allocation. The CDFI Fund requires each CDE 
to use an electronic data collection and submission system, known as 
the Allocation Tracking System (ATS) to collect information on 
investors making Qualified Equity Investments in Community Development 
Entities.
    The ATS enhances the allocatee's ability to report such information 
to the CDFI Fund in a timely fashion. This information is also used by 
the Treasury Department to (1) monitor the issuance of QEIs to ensure 
that no allocatee exceeds its allocation authority; (2) ensure that 
QEIs are issued within the timeframes required by the NMTC Program 
regulations and the legal agreements signed between the CDFI Fund and 
the allocatee; and (3) assist with NMTC Program evaluation efforts.
    Affected Public: State, Local, and Tribal Governments; Private 
Sector: Businesses or other for-profits, Not-for-profit institutions.
    Estimated Annual Burden Hours: 9,426.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2013-13884 Filed 6-11-13; 8:45 am]
BILLING CODE 4810-70-P