[Federal Register Volume 67, Number 126 (Monday, July 1, 2002)]
[Notices]
[Pages 44229-44230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-16518]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-N-20]


Notice of Proposed Information Collection: Comment Request; 
Multifamily Financial Management Template

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commission, 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: August 30, 2002.

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., L'Enfant Plaza Building, Room 8003, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Beverly J. Miller, Director, Office of 
Asset Management, Department of Housing and Urban Development, 451 7th 
Street SW., Washington, DC 20410, telephone (202) 708-3730 (this is not 
a toll free number) for copies of the proposed forms and other 
available information.

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

[[Page 44230]]

information technology, e.g., permitting electronic submission of 
responses.
    This Notice also lists the following information:
    Title of Proposal: Multifamily Financial Management Template.
    OMB Control Number, if applicable: 2502-New (formerly 2535-0107).
    Description of the need for the information and proposed use: The 
Uniform Financial Reporting Standards (UFRS) for HUD Housing Programs 
requires HUD multifamily housing program participants to submit 
financial data electronically, using General Accepted Accounting 
Principles (GAAP), in a prescribed format. Electronic submission of 
this data requires the use of a template. The Multifamily Financial 
Management template includes updates that increase the efficiency of 
the data collection and reduces the burden hours for the respondents. 
HUD will continue to use the financial information collected from 
multifamily property owners to evaluate their financial condition. 
Requiring multifamily property owners to report electronically has 
enabled HUD to provide a more comprehensive financial assessment of the 
multifamily property owners receiving Federal funds.
    Agency form numbers, if applicable: None.
    Estimated of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours off response: The estimated total number of annual 
hours needed to prepare the information collection is 53,784; the 
number of respondents is 20,774 generating 20,774 annual responses; the 
frequency of response is annually; and the number of hours per response 
is approximately 2.50 hours.
    Status of the proposed information collection: Revision of a 
currently approved collection. (This collection was transferred from 
the Real Estate Assessment Center to the Assistant Secretary for 
Housing-Federal Housing Commission.)

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

    Dated: June 25, 2002.
John C. Weicher,
Assistant Secretary for Housing-Federal Housing Commissioner.
[FR Doc. 02-16518 Filed 6-28-02; 8:45 am]
BILLING CODE 4210-27-M