Restaurant Revitalization Fund Program Post Award Report

ICR 202109-3245-001

OMB: 3245-0424

Federal Form Document

ICR Details
3245-0424 202109-3245-001
Active
SBA
Restaurant Revitalization Fund Program Post Award Report
New collection (Request for a new OMB Control Number)   No
Emergency 10/01/2021
Approved with change 09/30/2021
Retrieve Notice of Action (NOA) 09/27/2021
  Inventory as of this Action Requested Previously Approved
03/31/2022 6 Months From Approved
131,306 0 0
63,127 0 0
1,704,352 0 0

SBA received funds under the American Rescue Plan Act of 2021 (ARP Act), Pub. L. 117-2, title V, sec. 5003 (March 11, 2021), to provide direct funds to Eating and Drinking establishments that meet certain conditions. Specifically, Section 5003 of the ARP Act establishes the Restaurant Revitalization Fund (RRF) program to provide direct funds of up to $10 million dollars and limited to $5 million dollars per location to certain eligible persons or entities: a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar, lounge, brewpub, tasting room, taproom, licensed facility or premise of a beverage alcohol producer where the public may taste, sample, or purchase products, or other similar place of business in which the public or patrons assemble for the primary purpose of being served food or drink. Section 5003(c)(6) of the ARP Act requires recipients to return to the Treasury any funds that the recipient did not use for allowable expenses by the end of the covered period, or if the recipient permanently ceased operations, not later than March 11, 2023. T
September 24, 2021 Susan Minson SBA Desk Officer Office of Management and Budget Dear Ms. Minson: Pursuant to the Office of Management and Budget (OMB) procedures established at 5 CFR 1320, SBA requests OMB review of this new collection of information that is required for recipients of the Restaurant Revitalization Fund (RRF) to close out their reporting requirements to SBA. Section 5003(c)(6) of the ARP Act requires recipients to return to the Treasury any funds that the recipient did not use for allowable expenses by the end of the covered period, or if the recipient permanently ceased operations, not later than March 11, 2023. To address the requirement in Section 5003(c)(6) of the ARP Act, SBA requires RRF recipients to submit post award reports to confirm that funds are used fully and in accordance with program requirements. Many recipients have used fully all RRF funds and are awaiting instructions on providing the post award report. Some recipients have not been able to sell or transfer their businesses out of concern that they will be forced to return funds to the Treasury because they have not submitted the report prior to the business transfer. SBA receives many urgent requests from RRF recipient business owners to provide the method by which they can report, with some business owners stating the buyer is unwilling to consummate the transaction due to potential liability, thereby resulting in public harm. Further, the use of normal clearance procedures is reasonably likely to prevent or disrupt the collection of information required in Section 5003(c)(6) because recipients may proceed to close or sell the business without making the required report because SBA has not provided a method to report. For the reasons stated above, SBA is requesting emergency processing, including a request for waiver of the requirement to publish the 60-day and 30-day public comment notices in the Federal Register. In order to facilitate these reporting requirements, SBA has created SBA Form 3173, ?Restaurant Revitalization Fund Program Post Award Report.? The form creates the method by which recipients may report the full use of the funds and the eligible expense categories for which the funds were used. This is the basis for SBA?s request for emergency review of this information collection. SBA requests approval of this form by September 29, 2021. If this request for emergency processing is approved, SBA will subsequently take the necessary steps to comply with the notice requirements. SBA appreciates your prompt attention to this matter and looks forward to receiving your emergency approval. Sincerely, Dianna L. Seaborn Dianna L. Seaborn Director Office of Financial Assistance

PL: Pub.L. 111 - 2 5003 Name of Law: Restaurant Revitalization Fund
  
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Restaurant Revitalization Fund Program Post Award Report, SBA Form 3173 Restaurant Revitalization Fund Program Post Award Report,

  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 131,306 0 0 131,306 0 0
Annual Time Burden (Hours) 63,127 0 0 63,127 0 0
Annual Cost Burden (Dollars) 1,704,352 0 0 1,704,352 0 0
Yes
Miscellaneous Actions
No
New Collection

$205,797
No
    No
    No
No
No
No
No
Mary Frias 202 401-8234 [email protected]

  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.
09/27/2021


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