[Federal Register Volume 87, Number 150 (Friday, August 5, 2022)]
[Notices]
[Pages 48008-48009]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16778]


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DEPARTMENT OF EDUCATION

[Docket No.: ED-2022-SCC-0071]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Financial Report for the Endowment Challenge Grant Program and 
Institutional Service Endowment Activities

AGENCY: Office of Postsecondary Education (OPE), Department of 
Education (ED).

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, ED is 
proposing an extension without change of a currently approved 
collection.

DATES: Interested persons are invited to submit comments on or before 
September 6, 2022.

ADDRESSES: Written comments and recommendations for proposed 
information collection requests should be sent within 30 days of 
publication of this notice to www.reginfo.gov/public/do/PRAMain. Find 
this information collection request (ICR) by selecting ``Department of 
Education'' under ``Currently Under Review,'' then check the ``Only 
Show ICR for Public Comment'' checkbox. Reginfo.gov provides two links 
to view documents related to this information collection request. 
Information collection forms and instructions may be found by clicking 
on the ``View Information Collection (IC) List'' link. Supporting 
statements and other supporting documentation may be found by clicking 
on the ``View Supporting Statement and Other Documents'' link.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Beverly Baker, (202) 453-6162.

SUPPLEMENTARY INFORMATION: The Department, in accordance with the 
Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), 
provides the general public and Federal agencies with an opportunity to 
comment on proposed, revised, and continuing collections of 
information. This helps

[[Page 48009]]

the Department assess the impact of its information collection 
requirements and minimize the public's reporting burden. It also helps 
the public understand the Department's information collection 
requirements and provide the requested data in the desired format. ED 
is soliciting comments on the proposed ICR that is described below. The 
Department is especially interested in public comments addressing the 
following issues: (1) is this collection necessary to the proper 
functions of the Department; (2) will this information be processed and 
used in a timely manner; (3) is the estimate of burden accurate; (4) 
how might the Department enhance the quality, utility, and clarity of 
the information to be collected; and (5) how might the Department 
minimize the burden of this collection on the respondents, including 
through the use of information technology. Please note that written 
comments received in response to this notice will be considered public 
record.
    Title of Collection: Financial Report for the Endowment Challenge 
Grant Program and Institutional Service Endowment Activities.
    OMB Control Number: 1840-0564.
    Type of Review: Extension without change of a currently approved 
collection.
    Respondents/Affected Public: Private Sector.
    Total Estimated Number of Annual Responses: 2,500.
    Total Estimated Number of Annual Burden Hours: 3,125.
    Abstract: This financial reporting form will be utilized for Title 
III Part A, Title III Part B and Title V Program Endowment Activities 
and Title III Part C Endowment Challenge Grant Program. The purpose of 
this Financial Report is to have the grantees report annually the kinds 
of investments that have been made, the income earned and spent, and 
whether any part of the Endowment Fund Corpus has been spent. This 
information allows us to give technical assistance and determine 
whether the grantee has complied with the statutory and regulatory 
investment requirements.

    Dated: August 1, 2022.
Kun Mullan,
PRA Coordinator, Strategic Collections and Clearance, Governance and 
Strategy Division, Office of Chief Data Officer, Office of Planning, 
Evaluation and Policy Development.
[FR Doc. 2022-16778 Filed 8-4-22; 8:45 am]
BILLING CODE 4000-01-P