[Federal Register Volume 79, Number 212 (Monday, November 3, 2014)]
[Notices]
[Page 65175]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-26045]


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 Notices
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  Federal Register / Vol. 79, No. 212 / Monday, November 3, 2014 / 
Notices  

[[Page 65175]]



DEPARTMENT OF AGRICULTURE

Rural Utilities Service


Information Collection Activity; Comment Request

AGENCY: Rural Utilities Service (RUS), USDA.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 35, as amended), the Rural Utilities Service (RUS) 
invites comments on this information collection for which RUS intends 
to request approval from the Office of Management and Budget (OMB).

DATES: Comments on this notice must be received by January 2, 2015.

FOR FURTHER INFORMATION CONTACT: Michele L. Brooks, Director, Program 
Development and Regulatory Analysis, Rural Utilities Service, 1400 
Independence Ave. SW., STOP 1522, Room 5168 South Building, Washington, 
DC 20250-1522. Telephone: (202) 690-1078. Fax: (202) 720-4120, Email: 
[email protected].

SUPPLEMENTARY INFORMATION: The Office of Management and Budget's (OMB) 
regulation (5 CFR part 1320) implementing provisions of the Paperwork 
Reduction Act of 1995 (Pub. L. 104-13) requires that interested members 
of the public and affected agencies have an opportunity to comment on 
information collection and recordkeeping activities (see 5 CFR 
1320.8(d)). This notice identifies an information collection that RUS 
is submitting to OMB as a revision to an existing collection. Comments 
are invited on: (a) 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; (b) 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; (c) ways to enhance the quality, utility and clarity 
of the information to be collected; and (d) ways to 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. Comments may be sent to: Michele L. Brooks, Director, 
Program Development and Regulatory Analysis, Rural Utilities Service, 
U.S. Department of Agriculture, STOP 1522, Room 5168, 1400 Independence 
Ave. SW., Washington, DC 20250-1522. Fax: (202) 690-1078. Email: 
[email protected].
    Title: Accounting Requirements for Electric and Telecommunications 
Borrowers.
    OMB Control Number: 0572-0003.
    Type of Request: Revision of a currently approved collection.
    Abstract: This collection is primarily a recordkeeping requirement, 
although, the Agency is requiring borrowers to establish an index of 
records. The hours of burden to maintain this index are directly 
related to those portions of the accounting system that are unique to 
the Agency.
    Specifically, 7 CFR Parts 1767 and 1770 establish basic accounting 
requirements for the recording of financial information that must be 
available to the management, investors, and lenders of any business 
enterprise. There are many important financial considerations for the 
retention and preservation of accounting records. One of the most 
important considerations to RUS is that documentation be available so 
that the borrower's records may be audited for proper disbursements of 
funds. 7 CFR Parts 1767 and 1770 prescribe accounting requirements that 
are unique to RUS borrowers.
    Estimate of Burden: Public reporting burden for this collection of 
information is estimated to average 2 hours per response.
    Respondents: Business or other for-profit, Not-for-profit 
institutions.
    Estimated Number of Respondents and Recordkeepers: 650.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Hours per Recordkeeper: 24 hours.
    Estimated Total Annual Burden on Respondents: 2100 hours.
    Estimated Total Annual Burden on Recordkeepers: 26,250 hours.
    Copies of this information collection can be obtained from MaryPat 
Daskal, Program Development and Regulatory Analysis, at (202) 720-7853, 
Fax: (202) 720-4120, Email: [email protected].
    All responses to this notice will be summarized and included in the 
request for OMB approval. All comments will also become a matter of 
public record.

    Dated: October 28, 2014.
Jasper Schneider,
Acting Administrator, Rural Utilities Service.
[FR Doc. 2014-26045 Filed 10-31-14; 8:45 am]
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