Selling Government Gadgets? Fill Out This Form First
Published Date: 2/26/2025
Notice
Summary
The Department of Commerce’s Economic Development Administration is asking for public feedback on how it collects info about managing property bought or improved with its funds. This affects about 150 people or groups yearly who request permission to use or release EDA property early. The goal is to keep things clear, fair, and efficient without adding extra hassle or costs.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Must Request Approval for Incidental Use
If you received EDA funding and want to use property bought or improved with that money for an incidental use, you must request EDA's written approval. The agency says about 54 incidental-use requests are filed each year, the rule is described at 13 CFR 314.3(g), and each initial request takes an estimated 45 minutes (with up to two hours if follow-up documentation is needed).
Must Request Early Release of EDA Property Interest
If you want EDA to release its interest in real or tangible property before the property's estimated useful life ends, you must submit a written request and disclose the property's intended future use under 13 CFR 314.10(c). The notice says about 96 such release requests happen each year and each request takes an estimated 45 minutes initially, with up to two hours if additional documentation or follow-up is required.
Paperwork Burden and Mandatory Collection
EDA is collecting information under OMB Control Number 0610-0103 for property-management approvals and releases. The agency estimates 150 respondents per year (54 incidental-use requests and 96 release requests), a total annual burden of 412.5 hours, and states responding is mandatory under the Public Works and Economic Development Act of 1965 (42 U.S.C. 3121 et seq.).
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Key Dates
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