Microdevelopment organizations seeking
funding under this program will have to submit applications that
include specified information, certifications, and agreements. This
information will be used to determine applicant eligibility and to
ensure compliance with the regulations and that funds are used for
authorized purposes. Applications for continued participation in
the program will include primarily any needed updates to the
information submitted with the initial application. Once an MDO has
been approved for participation in the program, it must submit
additional documents, reports, and certifications to the Agency.
For MDOs receiving loans, the necessary documents are required
around loan closing. For MDOs receiving grant funds, the MDO must
submit a financial status report and request for advancement or
reimbursement. In addition, all MDOs that are awarded funds under
this program must submit quarterly reports to the Agency to provide
information on their performance. Some grantees will also be
required to submit other reports on occasion in the event of poor
performance or other such occurrences that require more than the
usual set of reporting information. Lastly, grantees that plan to
spend technical assistance grant funds on administrative expenses
must submit an annual budget of proposed administrative expenses
for Agency approval.
There is a slight decrease in
burden of 29 hours and 63 responses due to the removal of Standard
Form 424 from the accounting of total burden. SF-424 is now a
common form and burden will be accounted for using an RCF. Also, RD
Form 4280-2 has replaced Form 4280-3. This change had no overall
effect on burden.
$217,694
No
No
No
No
No
Uncollected
Kathleen Goldsmith 202
260-8625
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.