[Federal Register Volume 63, Number 169 (Tuesday, September 1, 1998)]
[Notices]
[Pages 46465-46466]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-23488]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4369-N-08]


Notice of Proposed Information Collection for Public Comment

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below will be submitted to the Office of Management and Budget (OMB) 
for review, as required by the Paperwork Reduction Act. The Department 
is soliciting public comments on the subject proposal.

DATES: Comments due: November 2, 1998.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: Reports Liaison Officer, Shelia 
E. Jones, Department of Housing & Urban Development, 451 7th Street, 
SW, Room 7230, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT:
Tony Johnston, Deputy Director, Financial Management Division, Office 
of Block Grant Assistance, Room 7180, Department of Housing and Urban 
Development, 451 Seventh Street, SW, Washington, DC 20410, telephone 
(202) 708-1871. Hearing- or speech-impaired individuals may access this 
number via TTY by calling the Federal Information Relay Service at 1-
800-877-8399. Fax inquiries may be sent to Mr. Johnston at (202) 708-
1789. (Other than the ``800'' number, these telephone numbers are not 
toll-free.)

SUPPLEMENTARY INFORMATION: The Department will submit the proposed 
information collection to OMB for review, as required by the Paperwork 
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended).
    This Notice is soliciting comments from members of the public and 
affected

[[Page 46466]]

agencies concerning the proposed collection of information to: (1) 
Evaluate whether the proposed collection of information is necessary 
for the proper performance of the functions of the agency, including 
whether the information will have practical utility; (2) Evaluate the 
accuracy of the agency's estimate of the burden of the proposed 
collection of information; (3) Enhance the quality, utility, and 
clarity of the information to be collected; and (4) Minimize the burden 
of the collection of information on those who are to respond; including 
through the use of appropriate automated collection techniques or other 
forms of information technology, e.g., permitting electronic submission 
of responses.
    This Notice also lists the following information:
    Title of Proposal: Loan Guarantee Recovery Fund.
    OMB Control Number, if applicable: 2506-0159.
    Description of the need for the information and proposed use: To 
appropriately determine whether entities that submit applications for 
assistance under the Loan Guarantee Recovery Fund (Section 4 of the 
Church Arson Prevention Act of 1996) are eligible applicants and submit 
applications otherwise in compliance with the regulations, certain 
information is required. Among other necessary criteria, HUD must 
determine whether: (1) the financial institution is eligible as defined 
at 24 CFR Section 573.2 of the regulations; (2) the borrower is 
eligible as defined under 24 CFR Section 573.2; (3) the loan will 
assist in addressing damage or destruction caused by acts of arson or 
terrorism; (4) the activities which will be assisted by the guaranteed 
loans are eligible activities under Sec. 573.3; (5) the financial 
institution utilizes sufficient underwriting standards; and (6) the 
assisted activities will comply with all applicable environmental laws 
and requirements.
    Agency form numbers, if applicable: N/A.
    Members of affected public: Financial institutions such as banks, 
trust companies, savings and loan associations, credit unions, mortgage 
companies, or other issuers regulated by the Federal Deposit Insurance 
Corporation, the Office of Thrift Supervision, the Credit Union 
Administration, or the U.S. Comptroller of the Currency. Certain not-
for-profit organizations affected by acts of arson or terrorism.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: A total of 100 respondents are 
expected and the total estimated burden hours is 9440.
    Status of the proposed information collection: The Department does 
not have a critical mass of respondents to serve as a source of 
information from which conclusions can be drawn with respect to the 
accuracy of its current estimates.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35, as amended.

    Dated: August 27, 1998.
Saul N. Ramirez,
Assistant Secretary for Community Planning and Development.
[FR Doc. 98-23488 Filed 8-31-98; 8:45 am]
BILLING CODE 4210-29-M