SBIC Financial Reports

Forms and Documents

Document Name	Status
Form SBA Form 468.1 SBIC Financial Reports Form and Instruction	Modified
3245-0063 Public Law Req's 3-26-14.pdf Supplementary Document	2014-03-26
3245-0468_Supporting Statement Feb-14_revised 10-21-14 clean.docx Supporting Statement A	2014-10-22

IC Document Collections

IC ID	Document Title	Status
35616	SBIC Financial Reports Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0063	ICR Reference No: 201403-3245-002
Status: Historical Active	Previous ICR Reference No: 201012-3245-004
Agency/Subagency: SBA	Agency Tracking No:
Title: SBIC Financial Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 10/23/2014
	Date Received in OIRA: 03/26/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2017	36 Months From Approved	10/31/2014
Responses	1,189	0	1,050
Time Burden (Hours)	29,041	0	26,700
Cost Burden (Dollars)	14,862,500	0	13,125,000

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Abstract: To obtain the information needed to carry out its oversight responsibilities under the Small Business Investment Act, the Small Business Administration (SBA) requires Small Business Investment Companies (SBICs) to submit financial statements and supplementary information on SBA Form 468. SBA uses this information to monitor SBIC financial condition and regulatory compliance, for credit analysis when considering SBIC leverage applications, and to evaluate financial risk and economic impact for individual SBICs and the program as a whole.

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Authorizing Statute(s): None

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:
	78 FR 59080	09/25/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 16838	03/26/2014
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
SBIC Financial Reports	SBA Form 468.1 , SBA Form 468.2 , SBA Form 468.3 , SBA Form 468.4	Partnership SBIC'S SHORT FORM ,   Annual Financial Report Partnership SBIC'S ,   Annual Financial Report Corporate SBIC'S ,   Corporate SBIC'S SORT 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	1,189	1,050	0	139	0	0
Annual Time Burden (Hours)	29,041	26,700	0	2,341	0	0
Annual Cost Burden (Dollars)	14,862,500	13,125,000	0	1,737,500	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: Due to increase in the total number of SBIC'S filing annual reports.

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Annual Cost to Federal Government: $237,800

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]? No

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: 03/26/2014

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