[Federal Register Volume 67, Number 209 (Tuesday, October 29, 2002)]
[Notices]
[Pages 65992-65993]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-27417]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4739-N-44]


Notice of Proposed Information Collection: Comment Request; 
Computation of Surplus Cash Distributions and Residual Receipts and 
Funds Authorizations

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

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: December 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 number (202) 708-3730 
(this is not a toll-free number).

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: Computation of Surplus Cash Distributions and 
Residual Receipts and Funds Authorizations.
    OMB Control Number, if applicable: HUD-52537 & HUD-92466.
    Description of the need for the information and proposed use: 
Pursuant to the Regulatory Agreement for Multifamily Housing insured 
mortgages, under Sections 207, 220, 221(d)(4), 231, 232, and 236, 
owners are required to adhere to certain guidelines regarding Surplus 
Cash and to establish a Residual Receipt Account. These receipts are 
completed and submitted to HUD by owners of insured multifamily 
projects. The information collected is used by HUD personnel, owners, 
and non-profit entities for the disbursement of funds.

[[Page 65993]]

    Agency form numbers, if applicable: None.
    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 is 20,000 
generating 20,000 annual responses; the frequency of response is 
annually; the estimated time to prepare the information collection is 
approximately 2 hours; and the estimated total number of annual burden 
hours is 40,000.
    Status of the proposed information collection: New Collection.

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

    Dated: October 21, 2002.
John C. Weicher,
Assistant Secretary for Housing--Federal Housing Commissioner.
[FR Doc. 02-27417 Filed 10-28-02; 8:45 am]
BILLING CODE 4210-27-M