Under the Small Business Jobs Act of
2010 (the "Act"), the Department of the Treasury is responsible for
implementing several components of the Act. Among these components
is a program under title III of the Act which requires Treasury to
make payments to participating states. Participating states will
use the federal funds for programs that leverage private lending to
help finance small businesses and manufacturers that are
creditworthy, but are not getting the loans they need to expand and
create jobs. The collection of information is necessary to ensure
that the allocation agreement constitutes a legal binding
obligation of the participating state and to monitor participating
state compliance and performance. The recordkeeping requirements
ensure both the effective and efficient use of the funds consistent
with the agreement.
The SSBCI program's
agreements with participants will expire in March 2017 and
Treasury’s authority to administer the program expires in September
2017. Treasury’s agreements with participants require the
participants to submit a summary of their performance results as of
the end of 2016. This information collection was discontinued in
error and is being submitted as a reinstatement request with
change.
Adjustments in the number of
respondents are being made to reflect a reduction in the number of
states and municipalities participating in the program. Resulting
response burden decreases are reflected.
No
No
No
Yes
No
Uncollected
Daniel Ballard 202
674-1781
No
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.