Surety Bond Guarantee Assistance

Forms and Documents

Document Name	Status
Form SBA FORM 991 Surety Bond Guarantee Assistance Form and Instruction	Unchanged
SBG Supporting Statement 990s 2-14-13.docx Supporting Statement A	2013-02-14
SBG Regulations.pdf Supplementary Document	2012-12-06

IC Document Collections

IC ID	Document Title	Status
184880	Surety Bond Guarantee Assistance Form and Instruction	Unchanged

ICR Details

OMB Control No: 3245-0007	ICR Reference No: 201302-3245-002
Status: Historical Active	Previous ICR Reference No: 201212-3245-003
Agency/Subagency: SBA	Agency Tracking No:
Title: Surety Bond Guarantee Assistance
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: 02/14/2013
	Date Received in OIRA: 02/14/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2016	36 Months From Approved	02/28/2013
Responses	650	0	17,965
Time Burden (Hours)	1,658	0	2,080
Cost Burden (Dollars)	0	0	0

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Abstract: The Small Business Administration's (SBA) Surety Bond (SBG) Program was created to encourage surety companies to issue bonds for small contractors. The information collected on these forms is used to evaluate the eligibility of applicants for the program. Changes are being made to SBA Form 990, Surety Bond Guarantee Agreement, SBA Form 991, Surety Bond Guarantee Agreement Addendum, SBA Form 994, Application for Surety Bond Guarantee Assistance, SBA Form 994B, Surety Guarantee Underwriting Review, SBA Form 994F, Schedule of Work in Process, and SBA Form 994H, Default Report, Claim for Reimbursement& Records of Administrative Action. New SBA Form 994 R, Application for Surety Bond Guarantee Assistance - Rider,is being added. SBA is issuing Interim Final Rule, American Recovery and Reinvestment Act: Surety Bond Guarantees; Size Standards (RIN-3245-AF94) that will implement the SBG program changes resulting from the Recovery Act.

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Authorizing Statute(s): PL: Pub.L. 111 - 5 508 Name of Law: American Recovery and Reinvestment Act of 2009
  

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:
	77 FR 68881	02/14/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 70505	11/16/2012
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
Surety Bond Guarantee Assistance	SBA FORM 994 , SBA FORM 991 , SBA FORM 994F, SBA FORM 994H, SBA FORM 994B, SBA FORM 990	Surety Bond Agreement Addendum ,   Schedule of Work ,   Claim for Reimbrusment ,   Surety Bond Underwriting Review ,   Surety Bond Guarantee ,   Application for Surety Bond

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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	650	17,965	0	-17,315	0	0
Annual Time Burden (Hours)	1,658	2,080	0	-422	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The reduction is a result of the Quick Bond Application and agreement (Quick Bond) that was approved in August 2012 under OMB Control number 3245-0378.

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Annual Cost to Federal Government: $0

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)? Yes

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: 02/14/2013

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