View Information Collection Request (ICR) Package
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Burden
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View Information Collection (IC) List
View Supporting Statement and Other Documents
Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3245-0007
ICR Reference No:
202407-3245-002
Status:
Historical Active
Previous ICR Reference No:
202209-3245-004
Agency/Subagency:
SBA
Agency Tracking No:
Title:
Surety Bond Guarantee Assistance
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
07/23/2024
Retrieve Notice of Action (NOA)
Date Received in OIRA:
07/23/2024
Terms of Clearance:
Pre-approval contingent upon no substantive changes to this collection after adoption of the final rule. Otherwise this collection must be re-submitted to OMB for review.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
07/31/2027
36 Months From Approved
11/30/2025
Responses
39,820
0
39,820
Time Burden (Hours)
8,647
0
8,647
Cost Burden (Dollars)
143,352
0
143,750
Abstract:
The Small Business Administration's (SBA) Surety Bond (SBG) Program was created to encourage surety companies to issue bonds for small contractors. The information collected on these forms from Small Business contractors or surety companies/agents is used to evaluate the eligibility of program applicants. One form is used by surety companies to request claims payments or report recoveries related to defaulted contractors.
Authorizing Statute(s):
US Code:
15 USC USC 694b
Name of Law: Small Business Investment
Citations for New Statutory Requirements:
PL: Pub.L. 13 - 115 115.3 Name of Law: Eligibility of Principal.
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3245-AI03
Final or interim final rulemaking
89 FR 34094
04/30/2024
Federal Register Notices & Comments
30-day Notice:
Federal Register Citation:
Citation Date:
89 FR 47196
05/31/2024
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Surety Bond Guarantee (SBG) Program
SBA Form 994
APPLICATION FOR SURETY BOND GUARANTEE ASSISTANCE
Surety Bond Guarantee Assistance
SBA Form 994 , SBA Form 994 H , SBA Form 990 , SBA Form 994 B , SBA Form 991 , SBA Form 994 F
APPLICATION FOR SURETY BOND GUARANTEE ASSISTANCE
,
DEFAULT REPORT, CLAIM FOR REIMBURSEMENT, REPORT OF RECOVERIES AND RECORD OF ADMINISTRATIVE ACTION
,
SURETY BOND GUARANTEE AGREEMENT
,
SURETY BOND GUARANTEE UNDERWRITING REVIEW
,
SURETY BOND GUARANTEE AGREEMENT ADDENDUM
,
SCHEDULE OF WORK IN PROCESS
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
39,820
39,820
-39,820
39,820
0
0
Annual Time Burden (Hours)
8,647
8,647
-8,647
8,647
0
0
Annual Cost Burden (Dollars)
143,352
143,750
-143,750
143,352
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:
Change in Regulations
Annual Cost to Federal Government:
$136,595
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)?
Yes
Is this ICR related to the Pandemic Response?
No
Agency Contact:
Jermanne Perry 202 401-8275 jermanne.perry@sba.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
05/31/2024
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