[Federal Register Volume 71, Number 196 (Wednesday, October 11, 2006)]
[Notices]
[Pages 59805-59806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-16716]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5037-N-69]


Notice of Submission of Proposed Information Collection to OMB; 
Application for the Transfer of Physical Assets

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

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SUMMARY: The proposed information collection requirement described 
below

[[Page 59806]]

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 Application for the Transfer of Physical Assets is completed 
and submitted to HUD by prospective purchasers of properties with 
mortgage either HUD-insured or HUD-held prior to conveying the title. 
The form cites all the supportive documentation that must be submitted 
to HUD for approval. HUD uses the information submitted to determine 
the suitability of new owners and managers of multifamily projects and 
to ensure the legal and administrative sufficiency of the proposal.

DATES: Comments Due Date: October 11, 2006.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
approval Number (2502-0275) 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: Lillian Deitzer, Departmental Reports 
Management Officer, QDAM, Department of Housing and Urban Development, 
451 Seventh Street, SW., Washington, DC 20410; e-mail [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 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: Application for the Transfer of Physical Assets.
    OMB Approval Number: 2502-0275.
    Form Numbers: HUD-92266.
    Description of the Need for the Information and Its Proposed Use:
    The Application for the Transfer of Physical Assets is completed 
and submitted to HUD by prospective purchasers of properties with 
mortgages either HUD-insure or HUD-held prior to conveying the title. 
The form cites all the supportive documentation that must be submitted 
to HUD for approval. HUD uses the information submitted to determine 
the suitability of new owners and managers of multifamily projects and 
to ensure the legal and administrative sufficiency of the proposal.
    Frequency of Submission: On Occasion.

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                                         Number of          Annual             Hours per
                                        respondents       responses      x      response      =    Burden hours
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Reporting Burden....................             350                1   ..              92   ..          32,200
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    Total Estimated Burden Hours: 32,200.
    Status: Extension of a currently approved collection.
    Authority: Section 3507 of the Paperwork Reduction Act of 1995, 44 
U.S.C. 35, as amended.

    Dated: October 4, 2006.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act Officer, Office of the Chief 
Information Officer.
[FR Doc. E6-16716 Filed 10-10-06; 8:45 am]
BILLING CODE 4210-67-P