[Federal Register Volume 89, Number 115 (Thursday, June 13, 2024)]
[Notices]
[Pages 50303-50304]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12935]


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DEPARTMENT OF DEFENSE

Office of the Secretary

[Docket ID: DoD-2024-OS-0064]


Proposed Collection; Comment Request

AGENCY: Office of the Under Secretary of Defense for Research and 
Engineering (OUSD(R&E)), Department of Defense (DoD).

ACTION: 60-Day information collection notice.

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SUMMARY: In compliance with the Paperwork Reduction Act of 1995, the 
Office of Strategic Capital (OSC) announces a proposed public 
information collection and seeks public comment on the provisions 
thereof. Comments are invited on: 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; the accuracy of the agency's estimate of the burden of the 
proposed information collection; ways to enhance the quality, utility, 
and clarity of the information to be collected; and ways to minimize 
the burden of the information collection on respondents, including 
through the use of automated collection techniques or other forms of 
information technology.

DATES: Consideration will be given to all comments received by August 
12, 2024.

ADDRESSES: You may submit comments, identified by docket number and 
title, by any of the following methods:
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions for submitting comments.
    Mail: Department of Defense, Office of the Assistant to the 
Secretary of Defense for Privacy, Civil Liberties, and Transparency, 
4800 Mark Center Drive, Mailbox #24, Suite 08D09, Alexandria, VA 22350-
1700.
    Instructions: All submissions received must include the agency 
name, docket number and title for this Federal Register document. The 
general policy for comments and other submissions from members of the 
public is to make these submissions available for public viewing on the 
internet at http://www.regulations.gov as they are received without 
change, including any personal identifiers or contact information.

[[Page 50304]]


FOR FURTHER INFORMATION CONTACT: To request more information on this 
proposed information collection or to obtain a copy of the proposal and 
associated collection instruments, please write to DoD Loan Program 
Office (LPO), Office of Strategic Capital, 3030 Defense Pentagon, 
Washington, DC 20301-3030, ATTN: David Vidal, Office of Strategic 
Capital Director of Credit Programs, Tel. No.: 703-545-1903, Email: 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title; Associated Form; and OMB Number: DoD Loan Program Office 
Application Part 1 and Part 2; OMB Control Number 0704-OSCL.
    Needs and Uses: The Department of Defense Office of Strategic 
Capital (OSC) was statutorily created in section 903 of the National 
Defense Authorization Act, 2024 (Pub. L. 118-31). Section 903(b) 
authorized the Secretary to establish a pilot program to make loans, 
issue loan guarantees, and provide technical assistance to eligible 
entities, as defined in the statute, that operate within defined 
critical technology categories. Section 8140 of the Further 
Consolidated Appropriations Act, 2024 appropriated funds to the OSC 
pilot program to make loans and issue loan guarantees. That pilot 
program is designated as the DoD Loan Program Office (DoD LPO). 
Applications for such loans and loan guarantees will be divided in two 
parts--a Part 1 and a Part 2. Application Part 1 will include basic 
information about the applicant and project management, the project or 
transaction for which the applicant seeks a loan, basic financial 
information regarding the applicant, project or transaction sources and 
uses of funds, and statutory eligibility criteria. Application Part 2 
will go into more depth regarding the details of the project or 
transaction, the applicant's finances, the applicant's management and 
control, and any environmental issues that may apply. The information 
collection is necessary and will be used for DoD LPO to first, in Part 
1, assess the likelihood that a prospective borrower and a prospective 
project or transaction meet the eligibility requirements for obtaining 
a direct loan or loan guarantee from DoD LPO and to prioritize the Part 
1 applications to determine which applications will be invited to 
submit the Application Part 2. The Application Part 2 will be used to 
complete a detailed underwriting review of all aspects of a prospective 
borrower's loan application including eligibility, creditworthiness, 
alignment with the OSC mission, and other credit, technical and legal 
risks inherent in a specific project or transaction.
    Affected Public: ``Eligible Entities'' as defined in 10 U.S.C. 
149(e)(3)).

DoD LPO Application Part 1

    Annual Burden Hours: 500.
    Number of Respondents: 50.
    Responses per Respondent: 1.
    Annual Responses: 50.
    Average Burden per Response: 10 hours.

DoD LPO Application Part 2

    Annual Burden Hours: 350.
    Number of Respondents: 10.
    Responses per Respondent: 1.
    Annual Responses: 10.
    Average Burden per Response: 35 hours.

Total

    Annual Burden Hours: 850.
    Number of Respondents: 60.
    Annual Responses: 60.
    Frequency: On occasion.

    Dated: May 30, 2024.
Aaron T. Siegel,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 2024-12935 Filed 6-12-24; 8:45 am]
BILLING CODE 6001-FR-P