6558 Federal Register / Vol. 73, No. 23 / Monday, February 4, 2008 / Notices 

informational support to States, 

localities, and law enforcement agencies 

that will aid them in their efforts to 

reduce speeding crashes and injuries. 

This demonstration project could be a 

model for how jurisdictions can develop 

a self-sustaining and effective speed 

management program using both 

traditional and automated speed 

enforcement methods. A demonstration 

project incorporating rational speed 

limits, a public communications plan 

and rigorously enforced speed limits 

over a defined geographic area will 

assist jurisdictions in understanding 

how to gain higher compliance with 

speed limits and bring about a reduction 

in speeding-related crashes, injuries and 

deaths. 

Description of the Likely Respondents 

(Including Estimated Number and 

Proposed Frequency of Response to the 

Collection of Information) 

Under this proposed effort, NHTSA 

intends to conduct telephone surveys to 

collect data from up to 1,600 licensed 

drivers age 18 and older. Interviews will 

be conducted with persons at residential 

phone numbers selected through 

random digit dialing and located within 

the jurisdiction where the speed 

enforcement demonstration project is 

conducted, as well as control areas. 

Businesses will be ineligible for the 

sample and will not be interviewed. No 

more than one respondent will be 

selected per household. Each member of 

the sample will complete one interview. 

After each wave is completed and the 

data analyzed, the findings will be 

disseminated to the participating States 

for review. 

Estimate of the Total Annual Reporting 

and Recordkeeping Burden Resulting 

From the Collection of Information 

NHTSA estimates the respondents in 

the sample will require an average of 10 

minutes to complete the telephone 

interviews. Thus, the estimated 

reporting burden hours on the general 

public will be a maximum of 137 hours 

per year, for two years. The respondents 

will not incur any reporting cost from 

the information collection. The 

respondents also will not incur any 

record keeping burden or record 

keeping cost from the information 

collection. 

Authority: 44 U.S.C. 3506(c)(2)(A). 

Marilena Amoni, 

Associate Administrator, Research and 

Program Development. 

[FR Doc. E8–2016 Filed 2–1–08; 8:45 am] 

BILLING CODE 4910–59–P 

DEPARTMENT OF THE TREASURY 

Community Development Financial 

Institutions Fund 

Request for Public Comments, 

Community Development Financial 

Institutions Program 

AGENCY: Community Development 

Financial Institutions Fund, Department 

of the Treasury. 

SUMMARY: This document invites 

comments from the public on certain 

issues regarding, for purposes of the 

Community Development Financial 

Institutions (CDFI) Program, the CDFI 

Fund’s certification of entities as CDFIs, 

pursuant to the CDFI Program 

regulations set forth at 12 CFR 1805.201. 

All materials submitted will be available 

for public inspection and copying. 

DATES: Written comments should be 

received on or before March 5, 2008 to 

be assured of consideration. 

ADDRESSES: Comments should be sent 

by mail to: Certification and Training 

Manager, CDFI 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 at (202) 622–7754. This is 

not a toll free number. 

FOR FURTHER INFORMATION CONTACT: 

Information regarding the CDFI Fund 

and its programs may be downloaded 

from the CDFI Fund’s Web site at 

http://www.cdfifund.gov. 

SUPPLEMENTARY INFORMATION: The 

Community Development Banking and 

Financial Institutions Act of 1994 (12 

U.S.C. 4701 et seq.) authorizes the CDFI 

Fund to select and provide financial 

assistance and technical assistance to 

eligible applicants through the CDFI 

Program. Pursuant to 12 U.S.C. 

4702(5)(a) and in accordance with 

regulations set forth at 12 CFR 1805.201, 

the CDFI Fund certifies eligible entities 

as CDFIs. The capitalized terms found 

in this notice are defined in the CDFI 

Program regulations found at 12 CFR 

part 1805. Through this notice, the CDFI 

Fund is seeking comments from the 

public regarding the CDFI Fund’s 

certification of organizations as CDFIs. 

Commentators are encouraged to 

consider, at a minimum, the following 

issues: 

(1) Primary Mission Criteria: To be 

certified as a CDFI, the entity must have 

a primary mission of community 

development (12 CFR 1805.201(b)(1)). 

(a) Should the primary mission 

criteria differ by organization type? If so, 

how? 

(b)(i) Should the CDFI Fund consider 

the types of Financial Products offered 

by an entity as relevant to the primary 

mission criteria? Specifically, should 

the CDFI Fund review, as part of the 

certification process, evidence of the 

affordability of an entity’s Financial 

Products to the intended customers? 

(ii) How else might the CDFI Fund 

ensure that CDFI certification is not 

given to entities that engage in what are 

commonly called ‘‘predatory lending 

practices’’ or include so-called 

‘‘predatory lending terms’’ in their 

lending products? 

(iii) Should the CDFI Fund require 

entities to provide Financial Products at 

a cost that is at least comparable to 

market rates or at some minimum level 

of affordability to their Target Markets 

in order to satisfy the primary mission 

criteria? If yes, how should market rates 

or minimum levels of affordability be 

determined? 

(2) Financing Entity Criteria: To be 

certified as a CDFI, an entity’s 

predominant business activity must be 

the provision, in arms-length 

transactions, of Financial Products, 

Development Services, and/or other 

similar financing (12 CFR 

1805.201(b)(2)). 

(a)(i) What minimum level of 

financing activity (i.e., number of 

transactions, dollar amount of 

transactions, years of operation, and/or 

financing) should the CDFI Fund 

consider to be acceptable to determine 

that an entity is a financing entity? 

(ii) How might this minimum level 

differ among organization types? 

(b)(i) Is three (3) months worth of 

financing capital a reasonable measure 

of an entity’s ability to sustain its 

financing activities? Should the period 

of time be longer or shorter? 

(ii) What other measure(s) should the 

CDFI Fund use to determine that an 

entity can sustain its financing 

activities? 

(c) The CDFI Fund’s definition of 

Financial Products includes Loans, 

Equity Investments, and similar 

financing activities (as determined by 

the CDFI Fund) including the purchase 

of loans originated by certified CDFIs 

and the provision of loan guarantees. 

Should the CDFI Fund expand this 

definition? If so, what other products 

should be included? 

(3) Target Market Criteria: In order to 

be certified as a CDFI, an entity must 

serve a Target Market consisting of one 

or more Investment Areas and/or 

Targeted Populations (12 CFR 

1805.201(b)(3)). 

(a) Are the CDFI Fund’s Target Market 

options (Investment Area, Low Income 

Target Population, and Other Targeted 

Population) clear? If not, how can the 


ebenthall on PRODPC61 with NOTICES
Federal Register / Vol. 73, No. 23 / Monday, February 4, 2008 / Notices 6559 

CDFI Fund make the options more 

clear? 

(b) Should a certification applicant be 

required to demonstrate a track record 

of serving the requested Target Market? 

If so, what is an appropriate minimum 

time-frame to establish such a track 

record? Please provide reasons to 

support your response. 

(c) Should the CDFI Fund allow 

different types of organizations to meet 

the Target Market requirement at 

different benchmarks (i.e., percentage of 

activities directed toward the Target 

Market could deviate from the required 

60 percent level for certain types of 

organizations)? If so, what level of 

activity would be acceptable for specific 

organization types? 

(c) Should certification applicants be 

required to have a physical presence in 

their Target Markets (i.e., a branch, an 

office, local partners)? If so, what is an 

acceptable minimum level of presence? 

(4) Accountability Criteria: To be 

certified as a CDFI, an entity must 

maintain accountability to residents of 

its Target Market through representation 

on its governing board or otherwise (12 

CFR 1805.201(b)(5)). 

(a) (i) How many governing and/or 

advisory board members representing a 

Target Market should the CDFI Fund 

require to determine that an entity is 

accountable to its Target Market? 

(ii) How should the geographic size, 

population density of the Target Market, 

and/or board type (governing vs. 

advisory) factor into the number of 

representative board members necessary 

to demonstrate accountability to a 

Target Market? 

(b) Should the CDFI Fund expand or 

restrict the ways that board members 

can be deemed to be representative of a 

Target Market? 

(c) (i) Should the CDFI Fund continue 

to allow certification applicants to 

demonstrate accountability to Target 

Markets through ‘‘other mechanisms’’

(i.e. annual meetings, surveys)? 

(ii) If so, what additional types of 

mechanisms should be considered to 

demonstrate accountability? 

(5) Development Services Criteria: To 

be certified as a CDFI, an entity must 

provide Development Services in 

conjunction with its Financial Products, 

either directly or through an Affiliate, or 

through contract with another provider 

(12 CFR 1805.201(b)(4)). 

(a) What minimum level of 

Development Services should be 

expected of a CDFI (i.e. is one-on-one 

counseling enough or should training be 

more formal/standardized?)? 

(b) Should the CDFI Fund require an 

entity to provide Development Services 

that are linked to each Financial 

Product that it offers? 

(c) Should Development Services 

include broad efforts to increase 

financial education and literacy within 

an entity’s Target Market? 

(6) Non-Governmental Entity Criteria: 

To be certified as a CDFI, an entity 

cannot be an agency or instrumentality 

of the United States, or any State or 

political subdivision thereof. An entity 

that is created by, or that receives 

substantial assistance from, one or more 

government entities may be a CDFI 

provided it is not controlled by such 

entities and maintains independent 

decision-making power over its 

activities (12 CFR 1805.201(b)(6)). 

(a) What minimal levels of 

government support for an entity’s 

operations (e.g., funding and 

capitalization) or government 

involvement in an entity’s lending or 

investment decisions (e.g., underwriting 

criteria or loan approval) should be 

considered acceptable for certification? 

(b) Should governmental ‘‘operations 

support’’ and government ‘‘involvement 

in lending and investment decisions’’ be 

considered separately or should 

evidence of both be required in order to 

deem an entity as having failed to 

satisfy the non-governmental entity 

criteria? 

(7) CDFI Certification Application 

Process: 

(a) Should an electronic, web-based 

CDFI certification application process 

be implemented and, if so, should paper 

applications continue to be accepted? 

(b) (i) Should CDFI certification status 

extend for a fixed period of time before 

it expires? If so, is three (3) years an 

appropriate duration? 

(ii) Should CDFI certification be 

continued indefinitely if the certified 

CDFI does not request an award from 

the CDFI Fund? 

(iii) Is there any policy justification to 

designate different certification periods 

for different types of organizations? If 

so, how long should certification 

periods be for specific types of 

organizations? 

(c) What should be the primary 

components of a recertification process? 

(8) General: What other changes could 

the CDFI Fund make to improve the 

CDFI certification process that has not 

been addressed in the preceding 

questions? 

Authority: 12 U.S.C. 4703, 4703 note, 4704, 

4706, 4707, 4717; 12 CFR part 1805. 

Dated: January 28, 2008. 

Donna J. Gambrell, 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. E8–2008 Filed 2–1–08; 8:45 am] 

BILLING CODE 4810–70–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[IA–62–91] 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning an 

existing final and temporary regulations, 

IA–62–91 (TD 8482), Capitalization and 

Inclusion in Inventory of Certain Costs 

(§§ 1.263A–2 and 1.263A–3). 

DATES: Written comments should be 

received on or before April 4, 2008 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulations should be 

directed to Carolyn N. Brown at Internal 

Revenue Service, room 6129, 1111 

Constitution Avenue, NW., Washington, 

DC 20224, or at (202) 622–6688, or 

through the internet at 

(Carolyn.N.Brown@irs.gov). 

SUPPLEMENTARY INFORMATION: 

Title: Capitalization and Inclusion in 

Inventory of Certain Costs. 

OMB Number: 1545–0987. 

Regulation Project Number: IA–62–

91. 

Abstract: The requirements are 

necessary to determine whether 

taxpayers comply with the cost 

allocation rules of Internal Revenue 

Code section 263A and with the 

requirements for changing their 

methods of accounting. The information 

will be used to verify taxpayers’ changes 

in method of accounting. 


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