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Request for Public Comment: Certification of Material Events Form
September 21, 2009
Washington, DC - The U.S. Department of 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, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions (CDFI) Fund is soliciting comments on the Certification of Material Events Form.
This form should be referenced for the purpose of providing comments on the use of the form to collect information only; it should not be completed and submitted as a certification of a material event. Written comments should be received on or before December 15, 2009 to be assured of consideration.
The Material Events form is to be used by CDFI Fund Awardees, applicants, and certified Community Development Entities (CDEs) and CDFIs, to report potential Material Events to the CDFI Fund. A “Material Event” is an occurrence that affects an organization’s strategic direction, mission, or business operation and, thereby, its status as a certified CDE and/or CDFI, and/or its compliance with the terms and conditions of its allocation or assistance agreement.
This specific information collection will capture information related to CDE/New Markets Tax Credit material events, as well as CDFI material events, in a single form. The revised document will provide a more comprehensive list of potential material events, to inform CDEs and CDFIs of the events that need to be reported to the CDFI Fund and will require the CDE or CDFI to affirmatively indicate, through a series of specific questions, whether or not the event will have an impact on areas of operations that are of particular concern to the CDFI Fund. This information will enable the CDFI Fund to better manage the Material Events review process and monitor the effects of Material Events on certification or compliance status.
» View Related Federal Register Notice
Materials for Public Comment:
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[CDFI-2009-48]
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