[Federal Register Volume 65, Number 49 (Monday, March 13, 2000)]
[Notices]
[Page 13415]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-6022]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 6, 2000.
    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, Public Law 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 12, 2000 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1347.
    Regulation Project Number: FI-7-94 and FI-36-92 Final.
    Type of Review: Extension.
    Title: Arbitrage Restrictions on Tax-Exempt Bonds.
    Description: The Code limits the ability of state and local 
government issuers of tax-exempt bonds to earn and/or keep arbitrage 
profits earned with bond proceeds. This regulation requires 
recordkeeping of certain interest rate hedges so that the hedges are 
taken into account in determining those profits.
    Respondents: State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 3,100.
    Estimated Burden Hours Per Respondent/Recordkeeper: 14 hr., 34 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 42,050 hours.

Clearance Officer: Garrick Shear, Internal Revenue Service, Room 5244, 
1111 Constitution Avenue, NW, Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt, (202) 395-7860, Office of Management 
and Budget, Room 10202, New Executive Office Building, Washington, DC 
20503.

Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 00-6022 Filed 3-10-00; 8:45 am]
BILLING CODE 4830-01-U