[Federal Register Volume 77, Number 231 (Friday, November 30, 2012)]
[Notices]
[Pages 71450-71451]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29062]


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DEPARTMENT OF LABOR

Office of the Secretary


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Prohibited Transaction Class Exemptions for 
Multi-Employer Plans & Multi-Employer Apprenticeship Plans, PTE 76-1, 
PTE 77-10, and PTE 78-6

ACTION: Notice.

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SUMMARY: The Department of Labor (DOL) is submitting the Employee 
Benefits Security Administration (EBSA) sponsored information 
collection request (ICR) titled, ``Prohibited Transaction Class 
Exemptions for Multi-Employer Plans & Multi-Employer Apprenticeship 
Plans, PTE 76-1, PTE 77-10, PTE 78-6'' to the Office of Management and 
Budget (OMB) for review and approval for continued use in accordance 
with the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. 3501 et 
seq.).

DATES: Submit comments on or before December 31, 2012.

ADDRESSES: A copy of this ICR with applicable supporting documentation; 
including a description of the likely respondents, proposed frequency 
of response, and estimated total burden may be obtained from the 
RegInfo.gov Web site, http://www.reginfo.gov/public/do/PRAMain, on the 
day following publication of this notice or by contacting Michel Smyth 
by telephone at 202-693-4129 (this is not a toll-free number) or 
sending an email to [email protected].
    Submit comments about this request to the Office of Information and 
Regulatory Affairs, Attn: OMB Desk Officer for DOL-EBSA, Office of 
Management and Budget, Room 10235, 725 17th Street NW., Washington, DC 
20503, Fax: 202-395-6881 (this is not a toll-free number), email: 
[email protected].

FOR FURTHER INFORMATION CONTACT: Contact Michel Smyth by telephone at 
202-693-4129 (this is not a toll-free number) or by email at [email protected].

    Authority:  44 U.S.C. 3507(a)(1)(D).

SUPPLEMENTARY INFORMATION: Prohibited Transaction Exemption (PTE) 76-1 
permits a multi-employer employee benefit plan, under specific 
conditions, to negotiate with a contributing employer to accept a 
delinquent contribution and to settle a delinquency; to make a 
construction loan to a contributing employer; and to lease property and 
purchase services and goods from a party in interest, including a 
contributing employer and an employee association. PTE 77-10 expands 
the scope of relief provided under PTE 76-1 part C for leasing property 
and purchasing goods and services. PTE 78-6 provides an exemption to a 
multi-employer apprenticeship plan for purchasing personal property or 
leasing real property from a contributing employer. All three 
exemptions impose recordkeeping requirements on plans as a condition to 
availability of the relief.
    This information collection is subject to the PRA. A Federal agency 
generally cannot conduct or sponsor a collection of information, and 
the public is generally not required to respond to an information 
collection, unless it is approved by the OMB under the PRA and displays 
a currently valid OMB Control Number. In addition, notwithstanding any 
other provisions of law, no person shall generally be subject to 
penalty for failing to comply with a collection of information if the 
collection of information does not display a valid Control Number. See 
5 CFR 1320.5(a) and 1320.6. The DOL

[[Page 71451]]

obtains OMB approval for this information collection under Control 
Number 1210-0058. The current approval is scheduled to expire on 
November 30, 2012; however, it should be noted that existing 
information collection requirements submitted to the OMB receive a 
month-to-month extension while they undergo review. For additional 
information, see the related notice published in the Federal Register 
on June 25, 2012 (77 FR 37922).
    Interested parties are encouraged to send comments to the OMB, 
Office of Information and Regulatory Affairs at the address shown in 
the ADDRESSES section within 30 days of publication of this notice in 
the Federal Register. In order to help ensure appropriate 
consideration, comments should mention OMB Control Number 1210-0058. 
The OMB is particularly interested in comments that:
     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;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including through the use of appropriate 
automated, electronic, mechanical, or other technological collection 
techniques or other forms of information technology, e.g., permitting 
electronic submission of responses.
    Agency: DOL-EBSA.
    Title of Collection: Prohibited Transaction Class Exemptions for 
Multi-Employer Plans & Multi-Employer Apprenticeship Plans, PTE 76-1, 
PTE 77-10, and PTE 78-6.
    OMB Control Number: 1210-0058.
    Affected Public: Private Sector--businesses or other for-profits 
and not-for-profit institutions.
    Total Estimated Number of Respondents: 5,718.
    Total Estimated Number of Responses: 5,718.
    Total Estimated Annual Burden Hours: 1,430.
    Total Estimated Annual Other Costs Burden: $0.

    Dated: November 19, 2012.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2012-29062 Filed 11-29-12; 8:45 a.m.]
BILLING CODE 4510-29-P