NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements

Forms and Documents

Document Name	Status
Form CDFI-0011 NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements Form and Instruction	New
Form CDFI-0011 NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements Form and Instruction	Modified
Supporting Statement Allocation Agreement 2006.doc Supporting Statement A	2007-01-09

IC Document Collections

IC ID	Document Title	Status
46662	NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements Form and Instruction	New
20184	NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements Form and Instruction	Modified

ICR Details

OMB Control No: 1559-0023	ICR Reference No: 200701-1559-005
Status: Historical Active	Previous ICR Reference No: 200312-1559-002
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements
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: 03/31/2007
	Date Received in OIRA: 01/19/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2010	36 Months From Approved	03/31/2007
Responses	67	0	71
Time Burden (Hours)	72	0	76
Cost Burden (Dollars)	0	0	0

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Abstract: Entities receiving a New Markets Tax Credit Program Allocation must enter into an allocation agreement with the CDFI Fund. The allocation agreement contains certain disclosure and reporting requirements.

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Authorizing Statute(s): US Code: 26 USC 45D-1 Name of Law: null
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 65034	11/06/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 1801	01/16/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements	CDFI-0011	Allocation Agreement New Marekts Tax Credit Program, CDFI Fund
NMTC Program Allocation Agreement - Disclosure, Audited Financial Statements	CDFI-0011	Allocation Agreement New Markets Agreement Program, CDFI Fund

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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	67	71	0	-4	0	0
Annual Time Burden (Hours)	72	76	0	-4	0	0
Annual Cost Burden (Dollars)	0	0	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The number of burden hours decreased slightly as a result of a decrease in the number of respondents.

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Annual Cost to Federal Government: $0

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 01/19/2007

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