This information is collected from small business contractors and surety agents seeking to obtain a bond guarantee under SBA's Surety Bond Guarantee (SBG) program. The information is used by the SBG program personnel to evaluate eligibility criteria and likelihood of successful contract completion, and process claims. The information is also used by program management to monitor program performance and report on program demographics.
US Code:
15 USC 694
Name of Law: Small Business Investment Act
The increase in total annual responses and estimated burden hours from the previous submission are due to an increase in program usage and increase in median wages. Annual responses have been matched to actual annual responses experienced in the program. Per response time burden calculations have been adjusted to account for the time to collect, deliver, review, and submit the information by subject parties.
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:
(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;
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.