Document ID: DOT-OST-2012-0078-0001
Agency: dot
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals: Short Term Lending Program - Application for Loan Guarantee
Posted Date: 2012-05-31T04:00Z

[Federal Register Volume 77, Number 105 (Thursday, May 31, 2012)]
[Notices]
[Pages 32170-32172]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-13208]

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DEPARTMENT OF TRANSPORTATION

Office of the Secretary

[Docket: DOT-OST-2012-0078]

Notice of Request for Renewal of Previously Approved Collection; 
Short Term Lending Program--Application for Loan Guarantee

AGENCY: Office of the Secretary, Department of Transportation (DOT).

ACTION: Notice and request for comments.

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SUMMARY: In compliance with the Paperwork Reduction Act of 1995, Public 
Law 104-13, (44 U.S.C. 3501 et seq.) this notice announces that the 
Information Collection Request, abstracted below, will be forwarded to 
the Office of Management and Budget for the renewal of the Short Term 
Lending Program--Application for Loan Guarantee. A 60 day Federal 
Register Notice (77 FR 14459) was published March 9, 2012 (DOT-OST 
2008-0244). The agency did not receive any comments.

DATES: Written comments should be submitted by July 2, 2012 and sent to 
OMB.

FOR FURTHER INFORMATION CONTACT: Nancy Strine, Manager Financial 
Assistance Division, Office of Small and Disadvantaged Business 
Utilization, Office of the Secretary, U.S. Department of 
Transportation, 1200 New Jersey Avenue SE., Room W56-448, Washington, 
DC 20590. Phone number 202-366-1930. Fax number 202-366-7228. Office 
hours are from 8:00 a.m. to 4:30 p.m., Monday through Friday, except 
Federal holidays.
    Comments: Comments should be sent to OMB: Attention DOT/OST Desk 
Officer, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Docket Library, 725 17th Street NW., Washington, 
DC 20503 or fax to: 202-395-5806. Please make reference to OMB Control 
No. 2104-0555 Docket DOT-OST-2012-0078.

SUPPLEMENTARY INFORMATION: 
    Title: Short Term Lending Program--Application for Loan Guarantee.
    OMB Control No: 2105-0555.
    Number of Respondents: 100.
    Number of Responses: 100.
    Total Annual Burden: 1400.
    Abstract: OSDBU's Short Term Lending Program (STLP) offers 
certified Disadvantaged Business Enterprises (DBEs) and other certified 
Small Businesses (8a, women-owned, small disadvantaged, HUBZone, 
veteran owned, and service disabled veteran

[[Page 32171]]

owned) the opportunity to obtain short term working capital at variable 
interest rates for transportation-related projects. The STLP provides 
Participating Lenders (PLs) a guarantee, up to 75%, on a revolving line 
of credit up to a $750,000 maximum. These loans are provided through 
lenders that serve as STLP Participating Lenders (PLs). The term on the 
line of credit is up to one (1) year, which may be renewed for five (5) 
years. A potential or renewal STLP participant must submit a guaranteed 
loan application package.
    This collection renewal combines two applications, the former 
``Short-term Lending Program Application for a New Loan Guarantee'' and 
the ``Application for Loan Guarantee Renewal'' into one Short Term 
Lending Program Application for a Loan Guarantee. There should no 
longer be any confusion since a set of explicit instructions has been 
added to the application. All attempts have been made to make it easier 
to read, understand, and use. The application form is now a PDF 
fillable form. The information collected is used to determine the 
applicant's eligibility and is necessary to approve or deny a loan. We 
are required to publish this notice in the Federal Register by the 
Paperwork Reduction Act of 1995.
    Respondents: Certified Disadvantaged Business Enterprises (DBEs) 
and other certified Small Businesses (8a, women-owned, small 
disadvantaged, HUBZone, veteran owned, and service disabled veteran 
owned) interested in financing their transportation-related contracts.
    DOT Form 2301-1(REV.1). Short Term Lending Program Application for 
Loan Guarantee: A potential or renewal STLP participant must submit a 
guaranteed loan application package. The guaranteed loan application 
includes the STLP application and supporting documentation to be 
collected from the checklist in the application. The application may be 
obtained directly from OSDBU, the Regional Small Business 
Transportation Resource Centers, from a PL, or online from the agency's 
Web site, currently at http://www.osdbu.dot.gov/financial/stlp.cfm.
    Respondents: 100.
    Frequency: Once.
    Estimated Average Burden per Response: 2 hours.
    Estimated Total Annual Burden Hours: 200 hours.
    Supporting documentation. Required documentation shall include, but 
is not limited to, the following items:

    a. Business, trade, or job performance reference letters;
    b. DBE or other eligible certification letters;
    c. Aging report of receivables and payables;
    d. Business tax returns;
    e. Business financial statements;
    f. Personal income tax returns;
    g. Personal financial statements;
    h. Schedule of work in progress (WIP);
    i. Signed and dated copy of transportation-related contracts;
    j. Business debt schedule;
    k. Cash flow projections;
    l. Owner(s) and a key management resumes.

    Respondents: 100.
    Frequency: Once.
    Estimated Average Burden per Response: 12 hours.
    Estimated Total Annual Burden Hours: 1200 hours.
    Title: STLP--Participating Lender (PL) forms.
    Number of Respondents: 100.
    Number of Responses: 100.
    Total Annual Burden: 2925 hours.
    Respondents: Participating Lenders that are in the process or have 
entered into cooperative agreements with DOT's OSDBU under 49 CFR part 
22 DOT-OST-2008-0236 entitled, ``Short Term Lending Program''.
    Abstract: The Office of the Secretary, Office of Small and 
Disadvantaged Business Utilization (OSDBU), invites public comments on 
our intention to request the Office of Management and Budget's (OMB) 
approval to renew a collection of the STLP Participating Lender (PL) 
forms. The information collected administers the loans guaranteed under 
the STLP. The information collected keeps the Participating Lender's 
(PLs) in compliance with the terms established in the Cooperative 
Agreement between DOT and the PLs. Every attempt was made to make these 
forms easier to read, understand, and use.
    This renewal collection involves the use of the ``Short Term 
Lending Program Bank Verification Loan Activation Form''; ``Short Term 
Lending Program Bank Acknowledgement Extension Request Form''; ``Short 
Term Lending Program Bank Acknowledgement Loan Close-Out Form''; 
``Guaranty Loan Status Report''; ``Pending Loan Status Report''; 
``Drug-Free Workplace Act Certification for a Grantee Other than an 
Individual''; ``Certification Regarding Lobbying for Contracts, Grants, 
Loans, and Cooperative Agreements''; ``Office of Small and 
Disadvantaged Business Utilization U.S. Department of Transportation 
Short Term Lending Program Certification Regarding Debarment, 
Suspension''; ``Cooperative Agreement between the U.S. Department of 
Transportation and the Participating Lender''; and ``U.S. Department of 
Transportation Office of Small and Disadvantaged Utilization Short Term 
Lending Program Guarantee Agreement''.
    DOT Form 2303-1. Short-Term Lending Program Bank Verification Loan 
Activation Form. The PL Respondent must submit to OSDBU a Loan 
Activation Form that indicates the date in which the loan has been 
activated.
    Respondents: 100.
    Frequency: Annually, up to five years.
    Estimated Average Burden per Response: \1/2\ hour.
    Estimated Total Annual Burden Hours: 50 hours.
    DOT Form 2310-1. Short-Term Lending Program Bank Acknowledgement 
Extension Request Form. An extension of the original loan guarantee for 
a maximum period of ninety (90) days may be requested, in writing, by 
the PL Respondent using the STLP Extension Request Form.
    Respondents: 100.
    Frequency: Annually, up to five years.
    Estimated Average Burden per Response: \1/2\ hour.
    Estimated Total Annual Burden Hours: 50 hours.
    DOT Form 2304-1. Short-Term Lending Program Bank Acknowledge Loan 
Close-Out. The PL Respondent must submit to OSDBU a Loan Close-Out Form 
upon full repayment of the STLP loan or when the loan guarantee 
expires.
    Respondents: 100.
    Frequency: Annually, up to five years.
    Estimated Average Burden per Response: \1/2\ hour.
    Estimated Total Annual Burden Hours: 50 hours.
    DOT Form 2305-1. Guaranty Loan Status Report. PL Respondent submits 
a monthly status of active guaranteed loans to OSDBU.
    Respondents: 100.
    Frequency: Monthly.
    Estimated Average Burden per Response: 1 hour.
    Estimated Total Annual Burden Hours: 1200 hours.
    DOT Form 2306-1. Pending Loan Status Report. PL Respondent submits 
monthly loan(s) in process report to OSDBU.
    Respondents: 100.
    Frequency: Monthly.
    Estimated Average Burden per Response: 1 hour.
    Estimated Total Annual Burden Hours: 1200 hours.
    DOT Form 2307-1. Drug-Free Workplace Act Certification for a 
Grantee Other than an Individual Form. The PL certifies it is a drug-
free workplace by executing this certification.
    Respondents: 100.

[[Page 32172]]

    Frequency: Once.
    Estimated Average Burden per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 25 hours.
    DOT Form 2308-1. Certification Regarding Lobbying for Contracts, 
Grants, Loans, and Cooperative Agreement. PL Respondent must certify 
that no Federal funds will be utilized for lobbying by executing this 
form.
    Respondents: 100.
    Frequency: Once.
    Estimated Average Burden per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 25 hours.
    DOT Form 2309-1. Certification Regarding Debarment, Suspension 
Form. The PL Respondent must not currently be debarred or suspended 
from participation in a government contract or delinquent on a 
government debt by submitting a current SBA Form 1624 or its 
equivalent.
    Respondents: 100.
    Frequency: Once.
    Estimated Average Burden per Response: 15 minutes.
    Estimated Total Annual Burden Hours: 25 hours.
    DOT Form 2313-1. Cooperative Agreement between the United States 
Department of Transportation and the Bank (Participating Lender). This 
is the official agreement between the U.S. DOT and the Participating 
Lender (Bank) which spells out the terms; deliverables; audit, 
investigation, and review; record retention; duration of agreement; 
expiration of agreement; suspension of agreement; termination; DOT's 
representative; and miscellaneous conditions.
    Respondents: 100.
    Frequency: Every two years.
    Estimated Average Burden per Response: 1 hour.
    Estimated Total Annual Burden Hours: 100 hours.
    DOT Form 2313-2. Cooperative Agreement between the United States 
Department of Transportation and the Community Development Financial 
Institution (CDFI). This is the official agreement between the U.S. DOT 
and the Community Development Financial Institution (CDFI), an eligible 
Participating Lender or which spells out the terms; Deliverables; 
Audit, Investigation, and Review; Record Retention; Duration of 
Agreement; Expiration of Agreement; Suspension of Agreement; 
Termination; DOT's Representative; and Miscellaneous Conditions.
    Respondents: 100.
    Frequency: Every two years.
    Estimated Average Burden per Response: 1 hour.
    Estimated Total Annual Burden Hours: 100 hours.
    DOT Form 2314-1. Department of Transportation Office of Small and 
Disadvantaged Business Utilization (OSDBU) Short Term Lending Program 
Guarantee Agreement Form. This document is the seventy-five (75%) loan 
guarantee from the U.S. Department of Transportation to the specific 
Participating Lender Respondent. It also contains Annex A which is the 
Participating Lender's default mechanism.
    Respondents: 100.
    Frequency: Every year.
    Estimated Average Burden per Response: 1 hour.
    Estimated Total Annual Burden Hours: 100 hours.
    Comments are invited on: whether the proposed collection renewal of 
information is necessary for the proper performance of the functions of 
the Department, including whether the information will have practical 
utility; the accuracy of the Department's estimate of the burden of the 
proposed information collection; ways to enhance the quality, utility 
and clarity of the information to be collected; and ways to minimize 
the burden of the collection of information on respondents, including 
the use of automated collection techniques or other forms of 
information technology. A comment to OMB is most effective if OMB 
receives it within 30 days of publication.

    Issued in Washington, DC, on May 25, 2012.
Patricia Lawton,
PRA Program Manager, Office of the Secretary, Department of 
Transportation.
[FR Doc. 2012-13208 Filed 5-30-12; 8:45 am]
BILLING CODE 4910-9X-P