State Small Business Credit Initiative Allocation Agreement

Forms and Documents

Document Name	Status
SSBCI Application Form	Unchanged
1505-0227 Non-Substantive Change Justification SSBCI 2024-11-14.docx Justification for No Material/Nonsubstantive Change	2024-12-06
1505-0227 SSBCI PRA supporting statement-TA Grant + Comp TA-Dec 11 2023.docx Supporting Statement A	2024-01-19

IC Document Collections

IC ID	Document Title	Status
264547	TA Reporting Guidance as applicable to the SSBCI Investing in America SBOP Final Project Progress and Outcomes Report Other-Small Business Opportunity Program Application	Unchanged
264546	TA Reporting Guidance as applicable to the SSBCI Investing in America SBOP– Annual Report (non-demographic data) Other-Small Business Opportunity Program Application	Unchanged
264545	Interim Final Rule (demographics-related data elements as applicable to the SSBCI Investing in America SBOP Other-Small Business Opportunity Program Application	Unchanged
264544	SSBCI Investing in America SBOP application Other-Small Business Opportunity Program Application	Unchanged
264543	Technical Assistance (TA) Grant Program Final TA Project Progress and Outcomes Report Other-Technical Assistance Reporting Guidance	Unchanged
264542	Technical Assistance (TA) Grant Program Semiannual Reporting on Administrative Costs Other-Technical Assistance Reporting Guidance	Unchanged
264541	Technical Assistance (TA) Grant Program Annual Report (non-demographic data) Other-Technical Assistance Reporting Guidance	Unchanged
264540	Technical Assistance (TA) Grant Program Interim Final Rule (demographics-related data elements in Annual Report) Other-Technical Assistance Reporting Guidance	Unchanged
254167	Technical Assistance (TA) Grant Program Application Other-Application for Technical Assistance	Unchanged
253854	Reporting Guidance - Quarterly Report Instruction	Modified
253852	Reporting Guidance - Annual Report Instruction	Modified
253851	Interim Final Rule - Demographic Elements in Annual Report	Unchanged
195749	SSBCI Application Form	Unchanged

ICR Details

OMB Control No: 1505-0227	ICR Reference No: 202412-1505-001
Status: Received in OIRA	Previous ICR Reference No: 202402-1505-005
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: State Small Business Credit Initiative Allocation Agreement
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/06/2024

	Requested	Previously Approved
Expiration Date	03/31/2027	03/31/2027
Responses	118,491	118,491
Time Burden (Hours)	26,523	26,523
Cost Burden (Dollars)	0	0

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Abstract: Under the Small Business Jobs Act of 2010 (the "Act"), the Department of the Treasury is responsible for implementing several components of the Act. Among these components is a program under title III of the Act which requires Treasury to make payments to participating states. Participating states will use the federal funds for programs that leverage private lending to help finance small businesses and manufacturers that are creditworthy, but are not getting the loans they need to expand and create jobs. The collection of information is necessary to ensure that the allocation agreement constitutes a legal binding obligation of the participating state and to monitor participating state compliance and performance. The recordkeeping requirements ensure both the effective and efficient use of the funds consistent with the agreement.

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Authorizing Statute(s): PL: Pub.L. 117 - 2 3301 Name of Law: American Rescue Plan Act of 2021
  

Citations for New Statutory Requirements: PL: Pub.L. 117 - 2 3301 Name of Law: American Rescue Plan Act of 2021

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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:
	88 FR 87056	12/15/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 14151	02/26/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 13

IC Title	Form No.	Form Name
Interim Final Rule (demographics-related data elements as applicable to the SSBCI Investing in America SBOP
Interim Final Rule - Demographic Elements in Annual Report
Reporting Guidance - Annual Report
Reporting Guidance - Quarterly Report
SSBCI Application	N/A	SSBCI Application
SSBCI Investing in America SBOP application
TA Reporting Guidance as applicable to the SSBCI Investing in America SBOP Final Project Progress and Outcomes Report
TA Reporting Guidance as applicable to the SSBCI Investing in America SBOP– Annual Report (non-demographic data)
Technical Assistance (TA) Grant Program Annual Report (non-demographic data)
Technical Assistance (TA) Grant Program Application
Technical Assistance (TA) Grant Program Final TA Project Progress and Outcomes Report
Technical Assistance (TA) Grant Program Interim Final Rule (demographics-related data elements in Annual Report)
Technical Assistance (TA) Grant Program Semiannual Reporting on Administrative Costs

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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	118,491	118,491	0	0	0	0
Annual Time Burden (Hours)	26,523	26,523	0	0	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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $3,290,332

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? Yes

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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: 12/06/2024

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