[Federal Register Volume 79, Number 239 (Friday, December 12, 2014)]
[Notices]
[Pages 73882-73883]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-29101]


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DEPARTMENT OF COMMERCE

Economic Development Administration


Proposed Information Collection; Comment Request; Innovative 
Technologies and Manufacturing Loan Guarantee Program

AGENCY: Economic Development Administration, Commerce.

ACTION: Notice.

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SUMMARY: The Department of Commerce, 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.

DATES: Written comments must be submitted on or before February 10, 
2015.

ADDRESSES: Direct all written comments to EDA, Innovative Technologies 
and Manufacturing Loan Guarantee Program, U.S. Department of Commerce, 
Room 71004, 1401 Constitution Avenue NW., Washington, DC 20230 (or via 
the Internet to EDA at [email protected]).

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument and instructions should 
be directed to EDA at [email protected].

SUPPLEMENTARY INFORMATION:

I. Abstract

    The mission of the Economic Development Administration (EDA) is to 
lead the Federal economic agenda by promoting innovation and 
competitiveness, preparing American regions for growth and success in 
the worldwide economy. In order to effectively administer and monitor 
its economic development assistance programs, EDA collects certain 
information from applications for, and recipients of, EDA investment 
assistance.

Form ED-1919 Borrower's Information Form

    Form ED-1919 is part of the application process. The purpose of 
this form is to collect identifying information about the applicant, 
loan request, indebtedness, information about the principals, 
information about current or previous government financing, and certain 
other disclosures. The information also facilitates background checks 
as authorized by EDA regulations.

Form ED-1920 Lender's Application

    Form ED-1920 is part of the application process. The purpose of 
this form is to collect identifying information regarding the lender, 
loan terms, use of proceeds, and other information such as the 
innovation qualification, as well as eligibility information regarding 
the applicant and use of proceeds. This entire form is to be completed, 
signed and dated by the Lender prior to submission of the loan 
guarantee request to EDA.

Form ED-172 Account Transcripts

    From ED-172 is part of the application process. The purpose of this 
form is to collect current loan transaction data when the EDA loan 
proceeds are used for refinancing.

Form ED-912 Statement of Personal History

    Form ED-912 is part of the application process. The purpose of this 
form is to collect identifying information about the applicant that 
will allow EDA to perform a background check when necessary. This form 
is only required when the applicant has a criminal offense record that 
warrants further research into the borrower's character.

Form ED-413 Personal Financial Statement

    Form ED-413 is part of the application process. The purpose of this 
form is to collect personal financial information such as assets, 
liabilities, stocks, and real estate for any person providing a 
guarantee on the loan.

Form ED-1050 Settlement Sheet

    Form ED-1050 is part of the closing and disbursement process. The 
purpose of this form is to collect transaction data from the lender at 
initial funds disbursement and serve as a notification to EDA when the 
loan is being disbursed. This form also serves as an agreement that all 
disbursements be used for eligible purposes outlined in 13 CFR 311.

Form ED-159 Fee Disclosure and Compensation Agreement

    Form ED-159 is part of the closing and disbursement process. The 
purpose of this form is to collect transactional data from the lender 
or borrower for any fees paid to an agent, advisor, attorney, broker, 
or other third party for services in connection with EDA ITM in excess 
of the regular lending process. This form also serves as an agreement 
that the borrower may not be charged unreasonably high fees, not be 
charged based on application decision, nor be charged for services 
unrelated to EDA ITM.

Form ED-1502 Quarterly Report

    Form ED-1502 is part of the servicing process. The purpose of this 
form is to collect monthly transactional data from the lender in order 
for EDA to track principal and interest (P&I) payments between the 
borrower and lender. This form is to be submitted by the lender to EDA 
with an on-going servicing fee.

Form ED-2237 Approval Action Modification Form

    Form ED-2237 is part of the servicing process. The purpose of this 
form is to notify EDA in the event of a modification to the loan that 
does not change EDA's risk level. This form also serves as an 
application form for

[[Page 73883]]

modifications to a loan that change EDA's risk level, in which case the 
lender will need approval from EDA before the modification can be made.

Form ED-1149 Transcript of Account

    Form ED-1149 is part of the termination process. The purpose of 
this form is to collect transactional data from the lender on the 
current status of the loan at the time the lender requests for EDA to 
purchase the guarantee.

II. Method of Collection

    Paper and electronic submissions.

III. Data

    OMB Control Number: 0610-XXXX.
    Form Number(s): ED-1919, ED-1920, ED-172, ED-912, ED-413, ED-1050, 
ED-159, ED-1502, ED-2237, ED-1149.
    Type of Review: New information collection.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: ED-1919: 100, ED-1920: 100, ED-
172: 10, ED-912: 10, ED-413: 50, ED-1050: 40, ED-159: 5, ED-1502: 180, 
ED-2237: 30, ED-1149: 6.
    Estimated Time per Response: ED-1919: 9 minutes, ED-1920: 24 
minutes, ED-172: 10 minutes, ED-912: 15 minutes, ED-413: 90 minutes, 
ED-1050: 15 minutes, ED-159: 5 minutes, ED-1502: 60 minutes, ED-2237: 5 
minutes, ED-1149: 60 minutes.
    Estimated Total Annual Burden Hours: ED-1919: 15, ED-1920: 40, ED-
172: 1.67, ED-912: 2.5, ED-413: 75, ED-1050: 10, ED-159: 0.42, ED-1502: 
180, ED-2237: 2.5, ED-1149: 6.
    Estimated Total Annual Cost to Public: $0.

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed 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 
(including hours and cost) of the proposed collection of information; 
(c) ways to enhance the quality, utility, and clarity of the 
information to be collected; and (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.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; they also will become a matter of public record.

    Dated: December 8, 2014.
Glenna Mickelson,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2014-29101 Filed 12-11-14; 8:45 am]
BILLING CODE 3510-24-P