[Federal Register Volume 86, Number 136 (Tuesday, July 20, 2021)]
[Notices]
[Pages 38361-38362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-15330]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Community Development Revolving Loan Fund--Loan and 
Grant Programs

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before September 20, 
2021 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mackie Malaka, National Credit Union 
Administration, 1775 Duke Street, Suite 6060, Alexandria, Virginia 
22314; email at [email protected]. Given the limited in-house staff 
because of the COVID-19 pandemic, email comments are preferred.

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Mackie Malaka at the address above or telephone 703-548-
2704.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0138.
    Title: Community Development Revolving Loan Fund--Loan and Grant 
Programs, 12 CFR part 705.
    Type of Review: Extension of a currently approved collection.
    Abstract: NCUA's Community Development Revolving Loan Fund (CDRLF 
or Fund) was established by Congress (Pub. L. 96-123, November 20, 
1979) to stimulate economic development in low-income communities. Part 
705 was adopted by the Board under section 130 of the Federal Credit 
Union Act (12 U.S.C. 1772c-1), which implements the Community 
Development Credit Union Revolving Loan Fund Transfer Act (Pub. L. 99-
609, 100 Stat.3475 (Nov. 6. 1986)).
    The Fund is used to support credit unions that serve low-income 
communities by providing loans and technical assistance grants to 
qualifying institutions. The programs are designed to increase income, 
ownership, and employment opportunities for low-income residents, and 
to stimulate

[[Page 38362]]

economic growth. In addition, the programs provide assistance to 
improve the quality of services to the community and formulate more 
effective and efficient operations of credit unions. The information 
will allow NCUA to assess a credit union's capacity to repay the Funds 
and/or ensure that the funds are used as intended to benefit the 
institution and community it serves.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 450 Grant program; 4 Loan program.
    Estimated No. of Responses per Respondent: Once.
    Estimated Total Annual Responses: 785 Grant program; 14 Loan 
program.
    Estimated Burden Hours per Response: 0.95.
    Estimated Total Annual Burden Hours: 760.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
execution of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and assumptions used; (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 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.

    By Melane Conyers-Ausbrooks, Secretary of the Board, the 
National Credit Union Administration, on July 14, 2021.

    Dated: July 14, 2021.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2021-15330 Filed 7-19-21; 8:45 am]
BILLING CODE 7535-01-P