25314 Federal Register / Vol. 75, No. 88 / Friday, May 7, 2010 / Notices 

Fund, U.S. Department of the Treasury, 

601 13th Street, NW., Suite 200 South, 

Washington, DC 20005, by e-mail to 

cdfihelp@cdfi.treas.gov, or by facsimile 

to (202) 622–7754. Please note this is 

not a toll free number. 

SUPPLEMENTARY INFORMATION: 

Title: CDFI Program and NMTC 

Program Annual Report including CIIS. 

OMB Number: 1559–0027. 

Abstract: The mission is to expand 

the capacity of financial institutions to 

provide credit, capital and financial 

services to underserved populations and 

communities in the United States. The 

CDFI Fund’s strategic goal is to improve 

the economic conditions of underserved 

communities by providing capital and 

technical assistance to CDFIs, capital to 

insured depository institutions, and 

NMTC allocations to Community 

Development Entities (CDEs), which 

provide credit, capital, financial 

services, and development services to 

these markets. The CDFI Fund certifies 

entities as CDFIs and/or CDEs. 

Annual Reporting Requirements: The 

Annual Report consists of quantitative 

information at the institution and 

transaction levels for CDFIs and CDEs 

and is used to assess: (1) The awardee’s/ 

allocatee’s activities as detailed in its 

application materials; (2) the awardee’s/ 

allocatee’s approved use of the 

assistance; (3) the awardee’s/allocatee’s 

financial condition; (4) the socioeconomic characteristics of awardee’s/ 

allocatee’s borrowers/investees, loan 

and investment terms, repayment status, 

and community development impacts; 

and (4) overall compliance with the 

terms and conditions of the assistance/ 

allocation agreement entered into by the 

CDFI Fund and the awardee/allocatee. 

A CDFI Program awardee or a NACA 

Program awardee must submit an 

Annual Report that comprises several 

sections, depending on the program and 

the type of award. The specific 

components that comprise an awardee’s 

Annual Report are set forth in the 

assistance agreement that the awardee 

enters into with the CDFI Fund in order 

to receive a CDFI Program or a NACA 

Program award. In summary: 

1. A CDFI Program or NACA/NATA 

Program awardee that is a non-regulated 

entity and that receives Financial 

Assistance (FA) only must submit an 

Annual Report that comprises: (i) A 

Financial Report (Financial Statement) 

reviewed or audited by an independent 

certified public accountant; (ii) Single 

Audit A–133 (if applicable); (iii) an 

Institution Level Report (ILR) and a 

Transaction Level Report (TLR) (which 

include, among others, questions that 

measure the awardee’s achievement of 

the Performance Goals and Measures set 

forth in its assistance agreement); (iv) a 

Uses of Financial Assistance and 

Matching Funds Report; and (v) an 

Explanation of Noncompliance (if 

applicable). 

2. A CDFI Program or NACA Program 

awardee that is a regulated entity and 

that receives FA only must submit an 

Annual Report that comprises: (i) An 

ILR and a TLR; (ii) a Uses of Financial 

Assistance and Matching Funds Report; 

(iii) an Explanation of Noncompliance 

(if applicable); and (iv) a Single Audit 

A–133 (if applicable). 

3. A CDFI Program or NACA Program 

awardee that receives an award from the 

CDFI Fund that is in the form of an 

equity investment must also submit a 

Shareholder Report. 

4. A CDFI Program or NACA Program 

awardee that receives Technical 

Assistance (TA) must submit an Annual 

Report that comprises: (i) The 

documents set forth in either (1) or (2) 

above, as applicable, if the awardee also 

receives FA; (ii) Uses of Technical 

Assistance Report; and (iii) OMB form 

269A (Financial Status Report), which 

can be found on the website at http:// 

www.cdfifund.gov. 

A NMTC Program allocatee must 

submit an Annual Report that 

comprises: (i) A financial statement that 

has been audited by an independent 

certified public accountant; (ii) an ILR 

(including the IRS Compliance 

Questions section), if the allocatee has 

issued any Qualified Equity 

Investments; and (iii) a TLR if the 

allocatee has issued any Qualified LowIncome Community Investments in the 

form of loans or investments. The 

components that comprise an allocatee’s 

Annual Report are set forth in the 

allocation agreement that the allocatee 

enters into with the CDFI Fund in order 

to receive a NMTC Program allocation. 

Current Action: Extension of a 

currently approved collection. 

Type of review: Regular review. 

Affected Public: Not-for-profit 

institutions, businesses or other forprofit institutions and tribal entities. 

Estimated Number of Annual 

Respondents: 

CDFI Annual ILR only: 75 

CDFI Annual TLR and ILR: 159 

NMTC Annual Report: 207 

Burden per Report Type: 

CDFI Program TA awardees Estimated 

Time Burden: 22 hours 

CDFI Program FA ILR only awardees 

Estimated Time Burden: 32 hours 

CDFI Program FA TLR/ILR awardees 

Estimated Time Burden: 64 hours 

NMTC Program allocatees Estimated 

Time Burden: 65 hours 

Total Estimated Burden per Reporting 

Type: 

CDFI Program TA reports: 1,518 hours 

CDFI Program FA ILR only reports: 

2,400 hours 

CDFI Program FA TLR/ILR reports: 

10,176 hours 

NMTC Program CDE reports: 13,455 

hours 

Estimated Total Annual Burden 

Hours = 27,549 hours 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on 

all aspects of the information 

collections, but commentators may wish 

to focus particular attention on: (a) The 

cost for CDFIs and CDEs to operate and 

maintain the services/systems required 

to provide the required information; (b) 

ways to enhance the quality, utility, and 

clarity of the information to be 

collected; (c) whether the collection of 

information is necessary for the proper 

evaluation of the effectiveness and 

impact of the CDFI Fund’s programs, 

including whether the information shall 

have practical utility; (d) the accuracy of 

the CDFI Fund’s estimate of the burden 

of the collection of information; (e) ways 

to minimize the burden of the collection 

of information including through the 

use of technology, such as software for 

internal accounting and geocoding to 

capture geographic detail while 

streamlining and aggregating TLR 

reporting for upload to CIIS, and; (f) 

what methods might be used to improve 

the data quality, internal accounting and 

efficiency of reporting transactions for 

serving other targeted populations. 

Authority: 12 U.S.C.4707 et seq.; 26 U.S.C. 

45D; 12 CFR part 1805. 

Dated: May 3, 2010. 

Donna J. Gambrell, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. 2010–10867 Filed 5–6–10; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Community Volunteer Income Tax 

Assistance (VITA) Matching Grant 

Program—Availability of Application 

Packages; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correction to a notice. 


jlentini on DSKJ8SOYB1PROD with NOTICES
Federal Register / Vol. 75, No. 88 / Friday, May 7, 2010 / Notices 25315 

SUMMARY: This document contains a 

correction to a notice of the Community 

Volunteer Income Tax Assistance 

(VITA) Matching Grant Program, which 

was published in the Federal Register 

on Wednesday, April 28, 2010 (75 FR 

22437). This notice provides notice of 

the availability of application packages 

for the 2011 Community Volunteer 

Income Tax Assistance (VITA) Matching 

Grant Program. 

FOR FURTHER INFORMATION CONTACT: The 

Grant Program Office at (404) 338–7894 

(not a toll free number) or by e-mail at 

Grant.Program.Office@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

Authority for the 2011 Community 

Volunteer Income Tax Assistance 

(VITA) Matching Grant Demonstration 

Program for tax return preparation is 

contained in the Consolidated 

Appropriation Act, 2010, Public Law 

111–117, signed December 16, 2009. 

Need for Correction 

As published, the notice of the 

Community Volunteer Income Tax 

Assistance (VITA) Matching Grant 

Program contains an error which may 

prove to be misleading and is in need 

of clarification. 

Correction of Publication 

Accordingly, the publication of the 

Community Volunteer Income Tax 

Assistance (VITA) Matching Grant 

Program, which was the subject of FR 

Doc. 2010–9771, is corrected as follows: 

On page 22437, column 1, under the 

caption DATES: The language 

‘‘Application packages are available 

from the IRS at this time. The deadline 

for submitting an application to the IRS 

for the Community VITA Matching 

Grant Program is July 9, 2010.’’ is 

corrected to read ‘‘Application packages 

are available from the IRS beginning 

June 1, 2010. The deadline for 

submitting an application to the IRS for 

the Community VITA Matching Grant 

Program is July 9, 2010.’’. 

LaNita Van Dyke, 

Chief, Publications and Regulations Branch, 

Legal Processing Division, Associate Chief 

Counsel (Procedure and Administration). 

[FR Doc. 2010–10974 Filed 5–6–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Area 5 Taxpayer 

Advocacy Panel (Including the States 

of Iowa, Kansas, Minnesota, Missouri, 

Nebraska, Oklahoma, and Texas) 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting. 

SUMMARY: An open meeting of the Area 

5 Taxpayer Advocacy Panel will be 

conducted. The Taxpayer Advocacy 

Panel is soliciting public comments, 

ideas, and suggestions on improving 

customer service at the Internal Revenue 

Service. 

DATES: The meeting will be held 

Sunday, June 6, 2010, Monday, June 7, 

2010 and Tuesday, June 8, 2010. 

FOR FURTHER INFORMATION CONTACT: 

Patricia Robb at 1–888–912–1227 or 

414–231–2360. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to Section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App. (1988) 

that a meeting of the Area 5 Taxpayer 

Advocacy Panel will be held Sunday, 

June 6, 2010 from 1 p.m. to 5 p.m., 

Monday, June 7, 2010 from 8 a.m. to 5 

p.m., and Tuesday, June 8, 2010 from 8 

a.m. to 12 p.m. Central Time in 

Minneapolis, MN. The public is invited 

to make oral comments or submit 

written statements for consideration. 

Notification of intent to participate must 

be made with Patricia Robb. For more 

information please contact Ms. Robb at 

1–888–912–1227 or 414–231–2360, or 

write TAP Office Stop 1006MIL, 211 

West Wisconsin Avenue, Milwaukee, 

WI 53203–2221, or post comments to 

the Web site: http://www.improveirs.org. 

The agenda will include various IRS 

issues. 

Dated: May 3, 2010. 

Shawn F. Collins, 

Director, Taxpayer Advocacy Panel. 

[FR Doc. 2010–10740 Filed 5–6–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Area 6 Taxpayer 

Advocacy Panel (Including the States 

of Arizona, Colorado, Idaho, Montana, 

New Mexico, North Dakota, Oregon, 

South Dakota, Utah, Washington, and 

Wyoming) 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting. 

SUMMARY: An open meeting of the Area 

6 Taxpayer Advocacy Panel will be 

conducted. The Taxpayer Advocacy 

Panel is soliciting public comment, 

ideas, and suggestions on improving 

customer service at the Internal Revenue 

Service. 

DATES: The meeting will be held 

Tuesday, June 1, 2010. 

FOR FURTHER INFORMATION CONTACT: 

Janice Spinks at 1–888–912–1227 or 

206–220–6098. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to Section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App. (1988) 

that an open meeting of the Area 6 

Taxpayer Advocacy Panel will be held 

Tuesday, June 1, 2010, at 1 p.m. Pacific 

Time via telephone conference. The 

public is invited to make oral comments 

or submit written statements for 

consideration. Due to limited 

conference lines, notification of intent 

to participate must be made with Janice 

Spinks. For more information, please 

contact Ms. Spinks at 1–888–912–1227 

or 206–220–6098, or write TAP Office, 

915 2nd Avenue, MS W–406, Seattle, 

WA 98174 or post comments to the Web 

site: http://www.improveirs.org. 

The agenda will include various IRS 

issues. 

Dated: May 3, 2010. 

Shawn F. Collins, 

Director, Taxpayer Advocacy Panel. 

[FR Doc. 2010–10738 Filed 5–6–10; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Area 7 Taxpayer 

Advocacy Panel (Including the States 

of Alaska, California, Hawaii, and 

Nevada) 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting. 

SUMMARY: An open meeting of the Area 

7 Taxpayer Advocacy Panel will be 

conducted. The Taxpayer Advocacy 

Panel is soliciting public comments, 

ideas, and suggestions on improving 

customer service at the Internal Revenue 

Service. 

DATES: The meeting will be held 

Monday, June 7, 2010 and Tuesday, 

June 8, 2010. 

FOR FURTHER INFORMATION CONTACT: 

Janice Spinks at 1–888–912–1227 or 

206–220–6098. 


jlentini on DSKJ8SOYB1PROD with NOTICES