[Federal Register Volume 69, Number 93 (Thursday, May 13, 2004)]
[Notices]
[Pages 26616-26617]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-10808]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4903-N-34]


Notice of Submission of Proposed Information Collection to OMB; 
Monitoring Residual Receipts Accounts

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below has been 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.
    HUD is requesting OMB approval to collect information from 
multifamily projects with HUD-insured and HUD-held mortgages. The 
Department must collect information on residual receipts accounts in 
order to ensure the appropriate management of funds.

DATES: Comments Due Date: June 14, 2004.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-Pending) and should be sent to: HUD Desk Officer, 
Office of Management and Budget, New Executive Office Building, 
Washington, DC 20503; fax: 202-395-6974.

FOR FURTHER INFORMATION CONTACT: Wayne Eddins, Reports Management 
Officer, AYO, Department of Housing and Urban Development, 451 Seventh 
Street, SW., Washington, DC 20410; e-mail [email protected]; 
telephone (202) 708-2374. This is not a toll-free number. Copies of 
available documents submitted to OMB may be obtained from Mr. Eddins.

SUPPLEMENTARY INFORMATION: This Notice informs the public that the U.S. 
Department of Housing and Urban Development (HUD) has submitted to OMB, 
for emergency processing, a survey instrument to obtain information 
from faith based and community organizations on their likelihood and 
success at applying for various funding programs. This Notice is 
soliciting comments from members of the public and affecting agencies 
concerning the proposed collection of information to: (1) Evaluate 
whether the proposed collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information will have practical utility; (2) Evaluate the

[[Page 26617]]

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 
through 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: Monitoring Residual Receipts Accounts.
    OMB Approval Number: 2502-Pending.
    Form Numbers: None.
    Description of the Need for the Information and Its 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, owners, and non-
profit entities for the disbursement of funds.
    Respondents: Business or other for-profit, and Not-for-profit 
institutions.
    Frequency of Submission: Annually.

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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =   Burden  hours
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Reporting Burden....................          20,000           20,000   ..               2   ..          40,000
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    Total Estimated Burden Hours: 40,000.
    Status: Request for approval of an existing information collection 
in use without an OMB control number.

    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 
44 U.S.C. 35, as amended.

    Dated: May 6, 2004.
Wayne Eddins,
Departmental PRA Compliance Officer, Office of the Chief Information 
Officer.
[FR Doc. 04-10808 Filed 5-12-04; 8:45 am]
BILLING CODE 4210-72-P