Surety Bond Guarantee Assistance

Forms and Documents

Document Name	Status
Form SBA Form 994F Surety Bond Guarantee Assistance Form and Instruction	Modified
3245-0007 SBG Program Authority 6-20-19.docx Supplementary Document	2019-06-20
3245-0007 eCFR - Code of Federal Regulations - 6-20-19.pdf Supplementary Document	2019-06-20
3245-0007 Small Business Act 6-20-19.doc Supplementary Document	2019-06-20
3245-0007 SBG Supporting Statement - 6-20-19.docx Supporting Statement A	2019-06-20

IC Document Collections

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

ICR Details

OMB Control No: 3245-0007	ICR Reference No: 201906-3245-002
Status: Active	Previous ICR Reference No: 201602-3245-001
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: 09/19/2019
	Date Received in OIRA: 06/20/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2022	36 Months From Approved	09/30/2019
Responses	39,820	0	21,046
Time Burden (Hours)	13,983	0	3,065
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 from Small Business contractors or surety companies/agents is used to evaluate the eligibility of program applicants. One form is used by surety companies to request claims payments or report recoveries related to defaulted contractors.

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Authorizing Statute(s): None

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:
	84 FR 10880	03/22/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 5634	06/20/2019
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 991, SBA Form 994, SBA Form 994F , SBA Form 990 , SBA Form 994B , SBA Form 994H	Schedule of Work in Progress ,   Surety Bond Guarantee ,   Application for Surety Bond Guarantee ,   Surety Bond Guartantee Agreement ,   Surety Bond Guarantee Underwitting Review ,   Default Report Claim for Reinbursement

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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	39,820	21,046	0	18,774	0	0
Annual Time Burden (Hours)	13,983	3,065	0	10,918	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 increase in total annual response and estimated burden from the previous submission are due to an increase of bond guarantee production and an 85% increase in the number of businesses assisted between Fiscal Years 2016 and 2018.

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Annual Cost to Federal Government: $0

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)? 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: 06/20/2019

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