State Small Business Credit Initiative Allocation Agreement

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
SSBCI Application	Form	Unchanged	Available
SSBCI Application	Form	Unchanged	Repair queued
1505-0227 SSBCI PRA supporting statement 6-7-22 (with TA app).docx	Supporting Statement A	Uploaded 2022-06-09	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
254167	Technical Assistance (TA) Grant Program Application	Other-Application for Technical Assistance	New
253854	Reporting Guidance - Quarterly Report	Instruction	Unchanged
253852	Reporting Guidance - Annual Report	Instruction	Unchanged
253851	Interim Final Rule - Demographic Elements in Annual Report		Unchanged
195749	SSBCI Application	Form	Unchanged	SSBCI Application
195749	SSBCI Application	Form	Unchanged
195749	SSBCI Application	Other-Enrolled Loan Tables	Unchanged

ICR Details

OMB Control No: 1505-0227	ICR Reference No: 202206-1505-005
Status: Historical Active	Previous ICR Reference No: 202205-1505-002
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: State Small Business Credit Initiative Allocation Agreement
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/18/2022
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/09/2022
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2025	36 Months From Approved	11/30/2022
Responses	177,000	0	176,500
Time Burden (Hours)	46,850	0	44,850
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): PL: Pub.L. 117 - 2 3301 Name of Law: American Rescue Plan Act of 2021
  

Citations for New Statutory Requirements: PL: Pub.L. 117 - 2 3301 Name of Law: American Rescue Plan Act of 2021

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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:
	87 FR 18474	03/30/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 34347	06/06/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

table that charts list of burden

IC Title	Form No.	Form Name
Interim Final Rule - Demographic Elements in Annual Report
Reporting Guidance - Annual Report
Reporting Guidance - Quarterly Report
SSBCI Application	N/A	SSBCI Application
Technical Assistance (TA) Grant Program Application

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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	177,000	176,500	0	500	0	0
Annual Time Burden (Hours)	46,850	44,850	0	2,000	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 burden is increasing by 2,000 hours due to the addition of the time required to complete a Technical Assistance Grant Program application.

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Annual Cost to Federal Government: $3,290,332

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? Yes

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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: 06/09/2022

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