View Information Collection Request (ICR) Package

OMB Control No: 1559-0044	ICR Reference No: 201511-1559-001
Status: Historical Active	Previous ICR Reference No: 201408-1559-003
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: Bond Guarantee Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/21/2018
	Date Received in OIRA: 11/27/2017
Terms of Clearance: Treasury has removed the Progam Activities Monitoring Report and will seek approval for the program activities monitoring report for the Bond Guarantee Program in a separate approval request. Prior to submitting that approval, Treasury will consult with OIRA on the design of this evaluation.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2021	36 Months From Approved	11/30/2018
Responses	671	0	570
Time Burden (Hours)	9,276	0	9,100
Cost Burden (Dollars)	0	0	0

Abstract: 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.

Authorizing Statute(s): PL: Pub.L. 111 - 240 1134, 1703 Name of Law: Small Business Jobs Act of 2010

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 35818	06/23/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	82 FR 56117	11/27/2017
Did the Agency receive public comments on this ICR? Yes

Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Annual Assessment Report	4
Bond Guarantee Program	1, 1a, 1b, 2, 2a, 3a, 1c, 3	, , , , , , ,
Certification of Secondary Loan Requirements for Committed Loans	7a, 7	,
Financial Condition Monitoring Report	5
Pledged Loan Monitoring Report	6

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	671	570	101
Annual Time Burden (Hours)	9,276	9,100	176
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The increase in burden associated with this revision to the CDFI BG Program information collections can primarily be attributed to the addition of one collection to enhance the BG Program’s ability to evaluate the use of Bond Proceeds. This additional collection is: the Secondary Loan Commitment Form and Certification. This additional information collection increases the burden by 110 hours and the total estimated annualized costs by $4,950. The BP Program also made revisions to the applications to enhance clarity and the ability to more accurately assess applicants. The changes in the Qualified Issuer Application include requests to have applicants submit internal controls and policies and the most recent four years of audited financial statements and management letters. The changes in the Guarantee Application include requests to: submit the application conflict of interest policies; the number and average size of loans pledged as collateral to meet an overcollateralization requirement; the proposed net interest margin between the Bond Loan and the Secondary Loan interest rates; the certification of any Affiliates of a Controlling CDFI entity; explanation of how the Affiliate’s assets would be commingled in a bankruptcy estate; permission from other Federal Credit programs if a credit enhancement will be used from another Federal Credit program; four years of audited financial statements; and management letters for the Eligible CDFI and the third-party credit enhancement entity.

Annual Cost to Federal Government: $15,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Lisa Jones 202 653-0323 jonesl@cdfi.treas.gov

View ICR - OIRA Conclusion