Small Business Lending Fund (Community Development Loan Fund) Application and Lending Plan

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
CDLF OIRA Clearance 2011.04.11.docx	Supporting Statement A	Uploaded 2011-04-14	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
197315	Lending Plan	Other-Lending Plan	New
197314	Application	Other-Application	New

ICR Details

OMB Control No: 1505-0232	ICR Reference No: 201104-1505-009
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: Small Business Lending Fund (Community Development Loan Fund) Application and Lending Plan
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: 04/22/2011
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/20/2011
	Date Received in OIRA: 04/14/2011
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2011	6 Months From Approved
Responses	300	0	0
Time Burden (Hours)	1,200	0	0
Cost Burden (Dollars)	84,000	0	0

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Abstract: The Application is used by Treasury to establish the institution's eligibility to participate in the SBLF program. The legislation requires that the institution meet the six criteria listed above. The Lending Plan is one input used by Treasury to decide whether to purchase the institution's stock. Specifically, the Lending Plan contains the institution's justification of its planned increase in small business lending and describes the methods it will use to create this increase. As required by the legislation, the plan also describes how the institution will outreach to veteran, minority and women-owned small businesses.

Emergency Justfication: The Department of the Treasury (Treasury) requests emergency processing and approval of the collection of information related to the Small Business Lending Fund (SBLF), which was created when the President signed into law the Small Business Jobs Act of 2010 (P.L. 111-240) on September 27, 2010. As one part of the $30 billion Small Business Jobs Act, the legislation provides up to $300 million in needed capital to Community Development Loan Funds (CDLF) in order to increase lending to America’s small businesses. The application process for Community Development Loan Funds is almost identical to that which is in place for the larger $30 billion Small Business Lending Fund. The Application and Lending Plan are, in fact, only slight variations on the forms that were approved by OMB in December. Slight modifications were made for the unique provisions in the law. Also note that we expect about 150 Community Development Loan Funds to apply for this program. The collection of information is needed to certify that these institutions ultimately receive funding are indeed eligible institutions as defined by the legislation and that their plans to increase lending to small businesses meet the legislation’s intent. Treasury cannot reasonably comply with the normal clearance procedures under 5 C.F.R. Part 1320 because the legislation requires that all applications be processed by September 27, 2011.

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Authorizing Statute(s): PL: Pub.L. 111 - 240 xxx Name of Law: Small Buisiness Jobs Act of 2010
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 240 xxx Name of Law: Small Business Jobs Act of 2010

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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: 2

table that charts list of burden

IC Title	Form No.	Form Name
Application
Lending Plan

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ICR Summary of Burden

table that charts list 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	300	0	300	0	0	0
Annual Time Burden (Hours)	1,200	0	1,200	0	0	0
Annual Cost Burden (Dollars)	84,000	0	84,000	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: This is a new collection

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Annual Cost to Federal Government:

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]? No

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

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: 04/14/2011

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