[Federal Register Volume 65, Number 137 (Monday, July 17, 2000)]
[Notices]
[Page 44066]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-17969]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4565-N-17]


Notice of Proposed Information Collection: Comment Request; 
Monthly Reports for Establishing Net Income

AGENCY: Office of the Assistant Secretary for Housing, 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 Date: September 15, 2000.

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: Wayne Eddins, Reports Management 
Officer, Department of Housing and Urban Development, 451 7th Street, 
SW, Washington, DC 20410, telephone (202) 708-5221 (this is not a toll-
free number) for copies of the proposed forms and other available 
information.

FOR FURTHER INFORMATION CONTACT: Willie Spearmon, Department of Housing 
and Urban Development, 451 7th Street, SW, Washington, DC 20410, 
telephone (202) 708-3000, (this is not a toll-free number) for copies 
of the proposed forms and other available.

SUPPLEMENTARY INFORMATION: The Department is submitting 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 agencies concerning the proposed collection of information to: 
(1) Evaluate whether the proposed collection 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 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: Monthly Reports for Establishing Net Income.
    OMB Control Number, if applicable: 2502-0108.
    Description of the need for the information and proposed use: Field 
Office staff use Monthly Accounting Reports to assess the need for 
remedial actions to correct project deficiencies or to prevent a 
potential default of the project of the project mortgage. HUD Forms 
93480 and 93481 are related to the project owners costs. When a project 
is experiencing rent collection problems, expenses directly effect this 
income. Loan Servicers are responsible for reviewing trends in a 
project's expenses and income.
    Agency form numbers, if applicable: HUD-93479, 93480, 93481.
    Estimation of the total numbers of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response: The number of respondents for each 
form (HUD-93479, 93480, and 93481) is 4,000, the frequency of responses 
per form is one per month (12 yearly). The number of responses for the 
3 forms is 48,000, for a total of 144,000 responses per year. The hours 
per response is 1.50 hours for HUD-93479, 1 hour for forms HUD-93480 
and HUD-93481, estimating the annual burden hours requested to be 
168,000.
    Status of the proposed information collection: Reinstatement, 
without change, of previously approved collection for which approved 
has expired.

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

    Dated: July 6, 2000.
William C. Apgar,
Assistant Secretary for Housing-FHC.
[FR Doc. 00-17969 Filed 7-14-00; 8:45 am]
BILLING CODE 4210-27-M