If the local government has not
financially recovered in the three fiscal years after the fiscal
year of the disaster, all or part of the loan can be statutorily
canceled. Determination of the amount of cancellation is based on
the revenue losses as detailed in the official, publically
available, financial statements of the jurisdiction and any
submitted documentation of unreimbursed disaster-related
expenditures.
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:
(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;
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.