Federal Register / Vol. 85, No. 229 / Friday, November 27, 2020 / Notices 76177 

11See https://www.cdfifund.gov/Pages/ 

Opportunity-Zones.aspx for more information on 

Opportunity Zones. 

equivalent) format and be included in 

the application as Attachment C–1; 

(iii) Provide information regarding 

satisfaction of other statutory eligibility 

requirements of the RRIF credit 

program; and 

(iv) Provide information regarding 

satisfaction of the RRIF Express Program 

eligibility criteria (as described in 

Section IV above). 

Prospective RRIF Express borrowers 

should describe in Letter of Interest 

Section D8 if the project will (1) 

decrease transportation costs and 

improve access, especially for rural 

communities or communities in 

Opportunity Zones,11 through reliable 

and timely access to employment 

centers and job opportunities; (2) 

improve long-term efficiency, reliability 

or costs in the movement of workers or 

goods; (3) increase the economic 

productivity of land, capital, or labor, 

including assets in Opportunity Zones; 

(4) result in long-term job creation and 

other economic opportunities; or (5) 

help the United States compete in a 

global economy by facilitating efficient 

and reliable freight movement. Projects 

that bridge gaps in service in rural areas, 

and projects that attract private 

economic development, all support 

local or regional economic 

competitiveness. 

Letters of Interest must be submitted 

using the latest form on the Build 

America Bureau website: https:// 

www.transportation.gov/content/buildamerica-bureau. Other RRIF Express 

pilot program information including any 

additional terms, conditions, and 

requirements can be found on the Build 

America Bureau website at: https:// 

www.transportation.gov/buildamerica/ 

rrif-express. The Bureau may contact a 

prospective borrower for clarification of 

specific information included in the 

Letter of Interest. The Bureau will 

review all Letters of Interest properly 

filed and received in the submission 

time window provided herein. 

B. Review and Evaluation 

Each Letter of Interest that is properly 

filed and received will be evaluated for 

completeness and eligibility for the 

RRIF Express Program using the criteria 

in this notice. This initial step of the 

review process will include (1) an 

evaluation as to whether the proposed 

project and applicant satisfy RRIF 

statutory eligibility requirements, and 

(2) an evaluation as to whether the 

proposed project and applicant satisfy 

the RRIF Express Program eligibility 

criteria. In addition, the Bureau will 

conduct a high-level feasibility 

assessment of the proposed project and 

the applicant’s plan of finance before a 

Letter of Interest is accepted into the 

RRIF Express Program and before a 

Letter of Interest enters the 

creditworthiness process. With respect 

to the project, factors that will be 

considered include, but are not limited 

to, (1) the completion of the project 

being financed is not necessary to repay 

the proposed RRIF loan; (2) the project 

budget is in year of expenditure and 

includes contingencies to account for 

potential project risks; and (3) the 

maturity of the proposed RRIF loan does 

not extend beyond the project’s 

anticipated useful life. With respect to 

the applicant’s plan of finance, factors 

that will be considered include, but are 

not limited to, (1) a maximum loan size 

that, when added to the proposed 

borrower’s existing outstanding and 

undrawn available debt, does not 

substantially exceed an earnings before 

interest, taxes, depreciation, and 

amortization multiple that would be 

market appropriate in a similar 

circumstance, for the most recent 

trailing twelve month period and for 

any period of the applicant’s forecast; 

and (2) consistent levels of revenue and 

operating profitability demonstrated by 

the proposed borrower over the most 

recent fiscal year. 

The Letters of Interest determined to 

be eligible for the RRIF Express Program 

will then be advanced to the Bureau’s 

creditworthiness review process, which 

is an in-depth creditworthiness review 

of the project sponsor and the revenue 

stream proposed to repay the RRIF 

credit assistance as described in the 

Programs Guide. The Secretary reserves 

the right to limit the number of 

applications from a single entity or 

subordinates of a single parent or 

holding company. Prospective RRIF 

borrowers whose RRIF Express Program 

Letters of Interest are determined to be 

ineligible, but whose projects are 

otherwise statutorily eligible for 

standard RRIF credit assistance, have 

the option to be considered under the 

overall RRIF program. 

Issued in Washington, DC, on October 22, 

2020. 

Elaine L. Chao, 

Secretary of Transportation. 

[FR Doc. 2020–25274 Filed 11–25–20; 8:45 am] 

BILLING CODE 4910–9X–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Internal 

Revenue Service Generic Clearance for 

the Collection of Qualitative Feedback 

on Agency Service Delivery 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury will submit the following 

information collection requests to the 

Office of Management and Budget 

(OMB) for review and clearance in 

accordance with the Paperwork 

Reduction Act of 1995, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments should be received on 

or before December 28, 2020 to be 

assured of consideration. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS) 

Title: Generic Clearance for the 

Collection of Qualitative Feedback on 

Agency Service Delivery. 

OMB Control Number: 1545–2208. 

Type of Review: Extension of a 

currently approved collection. 

Description: Executive Order 12862 

directs Federal agencies to provide 

service to the public that matches or 

exceeds the best service available in the 

private sector. In order to work 

continuously to ensure that our 

programs are effective and meet our 

customers’ needs, The Internal Revenue 

Service (hereafter ‘‘the Agency’’) seeks 

to obtain OMB approval of a generic 

clearance to collect qualitative feedback 

on our service delivery. By qualitative 

feedback we mean information that 

provides useful insights on perceptions 

and opinions but are not statistical 

surveys that yield quantitative results 

that can be generalized to the 

population of study. 


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76178 Federal Register / Vol. 85, No. 229 / Friday, November 27, 2020 / Notices 

Form: None. 

Affected Public: Individuals or 

Households; and Businesses or other 

for-profit organizations. 

Estimated Number of Respondents: 

150,000. 

Frequency of Response: On Occasion. 

Estimated Total Number of Annual 

Responses: 150,000. 

Estimated Time per Response: 6 

minutes. 

Estimated Total Annual Burden 

Hours: 15,000 hours. 

Authority: 44 U.S.C. 3501 et seq. 

Dated: November 20, 2020. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2020–26157 Filed 11–25–20; 8:45 am] 

BILLING CODE 4830–01–P 


jbell on DSKJLSW7X2PROD with NOTICES