[Federal Register Volume 68, Number 219 (Thursday, November 13, 2003)]
[Notices]
[Pages 64361-64362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-28451]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4820-N-48]


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

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, 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: January 12, 2004.

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 8001, Washington, DC 20410 or 
[email protected].

FOR FURTHER INFORMATION CONTACT: Kimberly Sanford-Munson, Office of 
Asset Management, Policy and Participation Standards Division, 
Department of Housing and Urban Development, 451 7th Street, SW., 
Washington, DC 20410, telephone (202) 708-3730 ext. 5122 (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 64362]]

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: The 
information collection is necessary for HUD to assess the need for 
remedial actions to correct project deficiencies or to prevent a 
potential default of the project mortgage. The information collection 
is also used to monitor compliance with contractual agreements and to 
analyze cash flow trends as well as occupancy and rent collection 
levels. When a project is experiencing rent collection problems, 
expenses directly affect this income. Therefore, HUD is responsible for 
reviewing monthly trends in a project's expenses and income to prevent 
potential problems.
    Agency form numbers, if applicable: HUD-93479, HUD-93480, HUD-
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 estimated total number of burden 
hours needed to prepare the information collection is 168,000; the 
number of respondents is 4,000 generating 48,000 annual responses; the 
frequency of response is monthly; and the estimated time needed to 
prepare the responses varies from 1 hour to 1\1/2\ hours.
    Status of the proposed information collection: Extension of a 
currently approved collection.

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

    Dated: November 5, 2003.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing-Deputy Federal Housing 
Commissioner.
[FR Doc. 03-28451 Filed 11-12-03; 8:45 am]
BILLING CODE 4210-27-M