Quick Bond Guarantee Application and Agreement

Forms and Documents

Document Name	Status
Form SBA FORM 990 A Quick Bond Guarantee Application and Agreement Form and Instruction	Modified
3245-0378 SBIA revision 15 - 15 USC 694-2.pdf Supplementary Document	2021-08-31
3245-0378_SupportingStatement_Form990A (8 31 21 Exp.).docx Supporting Statement A	2021-08-31

IC Document Collections

IC ID	Document Title	Status
201873	Quick Bond Guarantee Application and Agreement Form and Instruction	Modified

ICR Details

OMB Control No: 3245-0378	ICR Reference No: 202108-3245-005
Status: Received in OIRA	Previous ICR Reference No: 202101-3245-001
Agency/Subagency: SBA	Agency Tracking No:
Title: Quick Bond Guarantee Application and Agreement
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 08/31/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2021
Responses	3,475	3,278
Time Burden (Hours)	579	546
Cost Burden (Dollars)	13,473	13,112

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Abstract: Small Business Administration (SBA) Surety Bond Guarantee Program was created to encourage surety companies to provide bonding for small contractors. The information collected on this form from small businesses and surety companies will be used to evaluate the eligibility of applicants for contracts up to $400,00.

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Authorizing Statute(s): US Code: 15 USC 694b Name of Law: Small Business Invetment Act of 1958
  

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:
	86 FR 20430	04/18/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 47770	08/26/2021
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
Quick Bond Guarantee Application and Agreement	SBA FORM 990 A	QUICK BOND GUARANTEE APPLICATION AND AGREEMENT

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ICR Summary of Burden

	Total Request	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	3,475	3,278	0	197	0	0
Annual Time Burden (Hours)	579	546	0	33	0	0
Annual Cost Burden (Dollars)	13,473	13,112	0	361	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 the total annual burdens is due to a slight increase in the number of responses.

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Annual Cost to Federal Government: $22,882

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? No

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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: 08/31/2021

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