[Federal Register Volume 70, Number 196 (Wednesday, October 12, 2005)]
[Notices]
[Pages 59362-59363]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-5589]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-4971-N-52]


Notice of Submission of Proposed Information Collection to OMB; 
Multifamily Financial Management Template

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.
    The Uniform Financial Reporting Standards (UFRS) regulation 
requires HUD's multifamily housing program participants to submit 
financial data electronically, using generally accepted accounting 
principles, in a prescribed format. Electronic submissions of this data 
require use of a template. HUD uses this information to monitor the 
owners' compliance with regulatory requirements and to assess fiscal 
performance.

DATES: Comments Due Date: November 14, 2005.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0551) 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]; or 
Lillian Deitzer at [email protected] or telephone (202) 708-
2374. This is not a toll-free number. Copies of available documents 
submitted to OMB may be obtained from Mr. Eddins or Ms. Deitzer or from 
HUD's Web site at http://hlannwp031.hud.gov/po/i/icbts/collectionsearch.cfm.

SUPPLEMENTARY INFORMATION: This notice informs the public that the 
Department of Housing and Urban Development has submitted to OMB a 
request for approval of the information collection described below. 
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 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: Multifamily Financial Management Template.
    OMB Approval Number: 2502-0551.
    Form Numbers: None.
    Description of the Need for the Information and Its Proposed Use: 
The Uniform Financial Reporting Standards (UFRS) regulation requires 
HUD's multifamily housing program participants to submit financial data 
electronically, using generally accepted accounting principles, in a 
prescribed format. Electronic submissions of this data require use of a 
template. HUD uses this information to monitor the owners' compliance 
with regulatory requirements and to assess fiscal performance.
    Frequency of Submission: Annually.

                                                Reporting Burden
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                                                            Annual             Hours per
                Number of respondents                     responses      x      response      =    Burden hours
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21,505...............................................               1   ..            2.58   ..          55,676
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[[Page 59363]]

    Total Estimated Burden Hours: 55,676.
    Status: Revision if a currently approved collection.

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

    Date: October 5, 2005.
Wayne Eddins,
Departmental Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
 [FR Doc. E5-5589 Filed 10-11-05; 8:45 am]
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