[Federal Register Volume 63, Number 54 (Friday, March 20, 1998)]
[Notices]
[Page 13722]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-7193]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

March 16, 1998.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Pub. L. 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before April 20, 1998 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1219.
    Form Number: IRS Form 8038-T.
    Type of Review: Extension.
    Title: Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate.
    Description: Form 8038-T is used by issuers of tax exempt bonds to 
report and pay the arbitrage rebate and to elect and/or pay various 
penalties associated with arbitrage bonds. These issuers include state 
and local governments.
    Respondents: State, Local or Tribal Governments.
    Estimated Number of Respondents/Recordkeepers: 2,500.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--11 hours, 0 minutes
Learning about the law or the form--6 hours, 34 minutes
Preparing, copying, assembling, and sending the form to the IRS-7 
hours, 1 minute

    Frequency of Response: Other (at least once every five years).
    Estimated Total Reporting/Recordkeeping Burden: 61,450 hours.
    Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 98-7193 Filed 3-19-98; 8:45 am]
BILLING CODE 4830-01-P