AGENCY:
Small Business Administration.
ACTION:
60-Day notice and request for comments.
SUMMARY:
The Small Business Administration (SBA) intends to request approval, from the Office of Management and Budget (OMB) for the collection of information described below. The Paperwork Reduction Act (PRA) of 1995, 44 U.S.C. Chapter 35 requires federal agencies to publish a notice in the Federal Register concerning each proposed collection of information before submission to OMB, and to allow 60 days for public comment in response to the notice. This notice complies with that requirement.
DATES:
Submit comments on or before June 20, 2016.
ADDRESSES:
Send all comments to Mary Frias, Loan Specialist, Office of Financial Assistance, Small Business Administration, 409 3rd Street SW., Washington, DC 20416.
FOR FURTHER INFORMATION CONTACT:
Mary Frias, Loan Specialist, Office of Financial Assistance, mary.frias@sba.gov 202-401-8234, or Curtis B. Rich, Management Analyst, 202-205-7030, curtis.rich@sba.gov.
SUPPLEMENTARY INFORMATION:
This information collection, as approved by OMB for use in SBA's Certified Development Company (504) loan program, consists of SBA Form 1244 Application for Section 504 Loans and Form 2450, Eligibility Information Required for 504 Submission (Non PCLP). A statutory change on December 22, 2015 in the Consolidated Appropriations Act, 2016, made debt refinance a permanent part of the 504 loan program. Slight revisions to the currently approved forms are required to reinstate the debt refinance program requirements that were previously removed due to the expiration of the authority for that program in 2012.
Solicitation of Public Comments
SBA is requesting comments on (a) Whether the collection of information is necessary for the agency to properly perform its functions; (b) whether the burden estimates are accurate; (c) whether there are ways to minimize the burden, including through the use of automated techniques or other forms of information technology; and (d) whether there are ways to enhance the quality, utility, and clarity of the information.
Summary of Information Collection
Title: Application for Section 504 Loan.
Description of Respondents: Small Business Lending Companies.
Form Number: SBA Form 1244.
Total Estimated Annual Responses: 9,100.
Total Estimated Annual Hour Burden: 21,749.
Curtis B. Rich,
Management Analyst.
[FR Doc. 2016-09044 Filed 4-20-16; 8:45 am]
BILLING CODE 8025-01-P