Updated Request for Public Comment: BEA Program Award Reporting Form

January 27, 2010

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 Fund (the CDFI Fund), an office within the Department of the Treasury, is soliciting comments concerning the Bank Enterprise Award (BEA) Program Award Reporting Form. This notice replaces the notice posted in the Federal Register, Vol. 75, No. 2, Tuesday, January 5, 2010 (75 FR 517). Please disregard the former notice.

This report should be referenced for the purpose of providing comments on the use of the report to collect information only; it should not be completed and submitted to fulfill Recovery Act reporting requirements. Written comments should be received on or before March 29, 2010 to be assured of consideration.

The purpose of the BEA Program is to provide an incentive to insured depository institutions to increase their activities in the form of loans, investments, services, and technical assistance within distressed communities and provide financial assistance to community development financial institutions through grants, stock purchases, loans, deposits, and other forms of financial and technical assistance. Applicants submit applications and are evaluated in accordance with statutory and regulatory requirements (12 CFR 1806). Beginning in the fiscal year 2009 funding round, BEA awardees are required to use an amount equivalent to the BEA Award amount for BEA Qualified Activities, as defined in the BEA Program regulations. Awardees with awards over $50,000 are required to report to the CDFI Fund on these Qualified Activities.

The BEA Program Award Reporting Form may be obtained from the BEA Program page of the CDFI Fund’s website at http://www.cdfifund.gov. Requests for additional information should be directed to Jodie Harris, Associate Program Manager, Community Development Financial Institutions Fund, U.S. Department of the Treasury, 601 Thirteenth Street, NW, Suite 200 South, Washington, D.C. 20005, or call (202) 622-6355. Please note that this is not a toll free number.

View Related Federal Register Notice

View BEA Program Award Reporting Form

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