SBIC Financial Reports

OMB Control No: 3245-0063	ICR Reference No: 200710-3245-002
Status: Historical Active	Previous ICR Reference No: 200407-3245-003
Agency/Subagency: SBA	Agency Tracking No:
Title: SBIC Financial Reports
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: 12/21/2007
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/26/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2010	36 Months From Approved	12/31/2007
Responses	1,265	0	1,265
Time Burden (Hours)	21,175	0	19,855
Cost Burden (Dollars)	11,000,000	0	6,600,000

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Abstract: To obtain the information needed to carry out its oversight responsibilities under the Small Business Investment Act, SBA requires licensed small business investment companies to submit financial statements, with supplementary schedules tailored to current regulatory requirements, on SBA Form 468. SBA uses this information to monitor financial condition and regulatory compliance of SBICs, and for credit analysis when considering whether to approve requests for financial assistance to SBICs.

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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:
	72 FR 20028	05/23/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 44209	08/07/2007
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 SBIC Financial Reports 468.3, 468.4, 468.2, 468, 468.1 SBICV FINANCIAL REPORTS CORPORATION ,   SBIC FINANCIAL REPORTS ANNUAL ,   SBIC FINANCIAL REPORTS PARTNERSHIP ,   SBIC FINANCIAL REPORTS QUARTELY PARTNERSHIP ,   SBIC FINANCIAL REPORTS CORPORATION

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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	1,265	1,265	0	0	0	0
Annual Time Burden (Hours)	21,175	19,855	0	1,320	0	0
Annual Cost Burden (Dollars)	11,000,000	6,600,000	0	0	4,400,000	0

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The increase is needed to complete the annual report on Form 468.1 or 468.2. The cost increase reflects an increase in the estimated cost of engaging a certified public accountant.

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Annual Cost to Federal Government: $227,700

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Carol Fendler 202 205-7559

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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: 10/26/2007

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