BEA Program Award Report Forms

Forms and Documents

Document Name	Status
Form CDFI Form 0002a BEA Program Award Report Form and Instruction	New
Request for Public Comment BEA Program.pdf Supplementary Document	2009-06-12
Supporting Statement BEA Program Award Report Forms 06 09.doc Supporting Statement A	2009-06-10
OMB Emergency Clearance Justification Memo (AwardReportForms) 06 09.doc Supplementary Document	2009-06-10

IC Document Collections

IC ID	Document Title	Status
189499	BEA Program Award Report Form and Instruction	New

ICR Details

OMB Control No: 1559-0032	ICR Reference No: 200906-1559-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/CDFIF	Agency Tracking No:
Title: BEA Program Award Report Forms
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 08/07/2009
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/05/2009
	Date Received in OIRA: 07/31/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2010	6 Months From Approved
Responses	40	0	0
Time Burden (Hours)	60	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Fund implements the Bank Enterprise Award (BEA) Program that provides incentives to insured depository institutions to increase their support of CDFIs and their activities in economically distressed communities. Beginning in the FY 2009 funding round, the CDFI Fund will require that BEA awards be used for future CDFI support and community development activities as defined under the BEA Program regulations. An applicant receiving an award over $50,000 will be subject to new compliance and reporting requirements as part of the terms and conditions of the BEA Program Award Agreement.

Emergency Justfication: The Community Development Financial Institutions Fund (the Fund) is requesting emergency Paperwork Reduction Act clearance of two forms pertaining to the reporting under the BEA Program: 1) the FY 2009 BEA Program Uses of BEA Program Award Report; and, 2) BEA Program Explanation of Noncompliance. The Fund implements the Bank Enterprise Award (BEA) Program that provides incentives to insured depository institutions to increase their support of Community Development Financial Institutions (CDFIs) and their activities in economically distressed communities. Applicants submit an application and are evaluated in accordance with statutory and regulatory requirements (12 CFR 1806). Beginning in the FY 2009 funding round, the CDFI Fund will require that BEA awards be used for future CDFI support and community development activities, as defined under the BEA Program regulations. The FY 2009 BEA Program updated all materials – regulations, Notice of Funds Availability and application – with language indicating that an applicant receiving an award over $50,000 will be subject to new compliance and reporting requirements as part of the terms and conditions of the BEA Program Award Agreement. Awardees will be required to report to the Fund how the award was deployed by completing and electronically submitting: 1) a Uses of BEA Program Award Report; and, 2) in the event of noncompliance, a BEA Program Explanation of Noncompliance form. The clearance package includes a draft of the Uses of BEA Program Award Report and BEA Program Explanation of Noncompliance. Comments on the reporting requirement of this Program were solicited in the Federal Register on June 4, 2008; eight comments were received. There were no significant comments on the burden of submitting such materials. The forms will be cleared internally with the 2009 Award Agreement. Based on prior funding rounds, the Fund anticipates that approximately two-thirds of awardees will be required to submit the Uses of BEA Program Award Report and BEA Program Explanation of Noncompliance form. The total hour burden of this information collection is estimated at 1 hour per awardee. Given the low burden of collection and prior request of public comments, the Fund would not expect a full PRA process to yield any revisions to the existing materials. In addition, the BEA Program will undergo additional changes in the FY 2010, which will require revisions to the Program materials including the Uses of BEA Program Award Report and BEA Program Explanation of Noncompliance. The Fund is preparing to submit those proposed changes for public comments and full PRA processing at that time. For these reasons, and so not to hold up the award agreement for the 2009 awardees (made in July), the CDFI Fund is seeking an emergency clearance process for these two forms.

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Authorizing Statute(s): US Code: 12 USC 1834a 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

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
BEA Program Award Report	CDFI Form 0002a	BEA Program Report Form

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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	40	0	0	40	0	0
Annual Time Burden (Hours)	60	0	0	60	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: No

Burden Reduction Due to:

Short Statement: The FY 2009 BEA Program updated all materials - regulations, Notice of Funds Availability and application - with language indicating that an applicant receiving an award over $50,000 will be subject to new compliance and reporting requirements as part of the terms and conditions of the BEA Program Award Agreement.

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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)? No

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: 07/31/2009

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