[Federal Register Volume 86, Number 224 (Wednesday, November 24, 2021)]
[Notices]
[Page 67122]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-25660]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Community Development Financial Institutions Funds Bond 
Guarantee Program

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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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, on or after the date of publication of this 
notice. The public is invited to submit comments on this request.

DATES: Comments must be received on or before December 27, 2021.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Bond Guarantee Program.
    OMB Control Number: 1559-0044.
    Type of Review: Revision of a currently approved collection.
    Description: The purpose of the Community Development Financial 
Institutions (CDFI) Bond Guarantee Program (BG Program) is to support 
CDFI lending by providing Guarantees for Bonds issued by Qualified 
Issuers as part of a Bond Issue for Eligible Community or Economic 
Development Purposes. The BG Program provides CDFIs with a source of 
long-term capital and further the mission of the CDFI Fund to increase 
economic opportunity and promote community development investments for 
underserved populations and distressed communities in the United 
States. The CDFI Fund achieves its mission by promoting access to 
capital and local economic growth by investing in, supporting, and 
training Community Development Financial Institutions (CDFIs).
    In compliance with OMB Circular A-129, the CDFI Bond Guarantee 
Program will collect all necessary information to manage the portfolio 
effectively and track progress towards policy goals and statutory and 
regulatory requirements. The reporting forms are necessary for the 
Department of the Treasury's review and impact analysis on the current 
and proposed use of Bond Proceeds in underserved communities and to 
support the CDFI Fund in proactively managing regulatory compliance. 
Risk detection and mitigation are crucial activities for the long-term 
operation and viability of the CDFI Bond Guarantee Program. The 
Department of the Treasury's authority to collect this information and 
the specified data collection area and parameters are consistent with 
the requirements contained in 12 CFR part 1808.101(d)(1)(2) of the CDFI 
Bond Guarantee Program Interim Rule.
    Forms: Qualified Issuer Application, Guarantee Application, 
Secondary Loan Requirements Certification, Secondary Loan Commitment 
Form, Financial Condition Monitoring Report, Pledged Loan Monitoring 
Report, Tertiary Loan Monitoring Report, and Annual Assessment Report.
    Affected Public: Businesses or other for-profits, and Not-for-
profit institutions.
    Estimated Number of Respondents: 90.
    Frequency of Response: On occasion for applications, Annually for 
reports.
    Estimated Total Number of Annual Responses: 990.
    Estimated Time per Response: 92.222 hours for applications, 1.66-2 
hours for reports.
    Estimated Total Annual Burden Hours: 9,873.
    Authority: 44 U.S.C. 3501 et seq.

    Dated: November 18, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2021-25660 Filed 11-23-21; 8:45 am]
BILLING CODE 4810-70-P