[Federal Register Volume 73, Number 44 (Wednesday, March 5, 2008)]
[Notices]
[Pages 11942-11943]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-4179]


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

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5188-N-03]


Notice of Proposed Information; Collection: Comment Request; 
Section 4 Loan Guarantee Recovery Fund

AGENCY: Office of the Assistant Secretary for Community Planning and 
Development, 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: May 5, 2008.

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: Pamela M. Williams, Reports 
Liaison Officer, Department of Housing and Urban Development, 451 
Seventh Street, SW., Room 7234, Washington, DC 20410.

FOR FURTHER INFORMATION CONTACT: Thann Young, Office of Rural Housing 
and Economic Development, Office of Community Planning and Development, 
Department of Housing and Urban Development, 451 7th Street, SW., Room 
7137 Washington, DC 20410; telephone number (202) 708-2290 
(this is not a toll-free number).

SUPPLEMENTARY INFORMATION: The Department will submit 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 
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: Section 4 Loan Guarantee Recovery Fund.
    OMB Control Number, if applicable: 2506-0159.
    Description of the Need for the Information and Proposed Use: This 
request for OMB approval seeks clearance for information collections 
related to HUD's Loan Guarantee Recovery Fund, a rule that implements 
section 4 of the ``Church Arson Prevention Act of 1996'' (Pub. L. 104-
155, approved July 3, 1996) at CFR part 573.
    HUD has responsibility under the Act and implementing regulations 
to assist eligible nonprofit organizations in rebuilding their 
properties, which were damaged by acts of arson or terrorism by 
guaranteeing loans that these organizations receive from financial 
institutions. With financial assistance, eligible nonprofit 
organizations may use guaranteed loan funds for a wide range of 
activities, including (1) the acquisition of real or personal property; 
(2) the rehabilitation of real property; (3) the construction, 
reconstruction or replacement of real property improvement; (4) site 
preparation; (5) architectural, engineering, and security expenses; and 
(6) refinancing existing indebtedness. With the information provided, 
HUD must ensure it performs properly with respect to determinations 
regarding the eligibility of financial institutions and nonprofit 
organizations, the eligibility of the activities to be carried out, the 
certifications required by the law and the implementing regulations. 
The Department must also ensure from the information provided

[[Page 11943]]

that entities applying for and receiving loan guarantee assistance 
understand the requirements and the responsibilities with respect to 
the Act and the regulations.
    Agency Form Numbers (if applicable): HUD-40076-LGA.
    Members of Affected Public: Certain nonprofit organizations whose 
properties have been damaged by an act or acts of arson or terrorism.
    Estimation of the total number of hours needed to prepare the 
information collection including number of respondents, frequency of 
response, and hours of response:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                Number of     Response      Total      Hours per      Annual                    Annual
                                                               respondents   frequency    responses     response      burden    Hourly rate     costs
--------------------------------------------------------------------------------------------------------------------------------------------------------
Non-Profit Applications......................................            1            1            1           40           40          $25       $1,000
HUD-40076-LGA................................................           12            1           12          .75            8  ...........  ...........
Financial Institutions (FI) Applications.....................            1            1            1           32           32           25          800
FI Reports...................................................           16           12          192            2          384           25        9,600
FI Recordkeeping.............................................           16           12          192            2          384           25        9,600
                                                              ------------------------------------------------------------------------------------------
    Totals...................................................           45  ...........          398  ...........          848  ...........      $21,000
--------------------------------------------------------------------------------------------------------------------------------------------------------

    Frequency of Submission: Monthly and Annually.
    Status of the proposed information collection:
    Status of the proposed information collection: Extension of a 
currently approved collection.

    Authority: Section 3506 of the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35, as amended.

    Dated: February 27, 2008.
Nelson R. Breg[oacute]n,
General Deputy Assistant Secretary for Community Planning and 
Development.
 [FR Doc. E8-4179 Filed 3-4-08; 8:45 am]
BILLING CODE 4210-67-P