7 CFR 4290, Rural Business Investment Program

OMB Control No: 0570-0051	ICR Reference No: 201102-0570-001
Status: Historical Active	Previous ICR Reference No: 200709-0570-001
Agency/Subagency: USDA/RBS	Agency Tracking No:
Title: 7 CFR 4290, Rural Business Investment Program
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 06/03/2011
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/29/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2014	36 Months From Approved	06/30/2011
Responses	125	0	501
Time Burden (Hours)	112	0	6,446
Cost Burden (Dollars)	10,250	0	644,328

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Abstract: This information collection is critical to the integrity of the process for selecting Rural Business Investment Companies for participation in the Rural Business Investment Program (RBIP). The objectives of the RBIP are to promote economic development and the ceation of wealth and job opportunities in rural areas and to establish a developmental venture capital program to address unmet equity invetment needs of small enterprises located in rural areas.

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Authorizing Statute(s): PL: Pub.L. 107 - 171 6029 Name of Law: Farm Security and Rural Investment Act of 2002

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:
	75 FR 78209	12/15/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 17378	03/29/2011
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 7 CFR 4290, Rural Business Investment Program SBA 2246, SBA 2242, SBA 34, SBA 2245, SBA 2244, SBA 2243, SBA 468, SBA 2248, SBA 159, SBA 468, SBA 480, SBA 1031, SBA 2241, SBA 2247 FEE DISCLOSURE FORM AND COMPENSATION AGREEMENT ,   FINANCIAL REPORT (Corporate Annual) ,   SIZE STATUS DECLARATION ,   PORTFOLIO FINANCING REPORT ,   RBIC APPLICATION ,   RBIC Application, Part II ,   RBIC Applicant Interview Questions ,   RBIC Instructions for Commitment of Leverage ,   RBIC Request for Approval of Management Services Fees and Other Fees ,   RBIC Amendment to Application ,   RBIC Instructions for RBIC Draw Application ,   Operational Assistance (OA) Grant Performance Report ,   Bank Identification Form ,   Financial Report (Partnership Annual)

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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	125	501	0	0	-376	0
Annual Time Burden (Hours)	112	6,446	0	0	-6,334	0
Annual Cost Burden (Dollars)	10,250	644,328	0	-190,223	-443,855	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: The burden hours have been reduced from 6,446 to 112 for a difference of 6,334 hours less. This change is due to a substantial reduction in the number of respondents, in which no new applicants are anticipated and there is only one participating RBIC. Previously, the burden was based on 25 applicants and 3 participating RBICs.

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Annual Cost to Federal Government: $7,786

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]? 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? Uncollected

Agency Contact: Michael Foore 202 205-0056 [email protected]

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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: 03/29/2011

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