[Federal Register Volume 89, Number 147 (Wednesday, July 31, 2024)]
[Notices]
[Pages 61585-61586]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16865]



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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple Departmental Offices Information 
Collection Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of information collection; request for comment.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before August 30, 2024 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    1. Title: Treasury International Capital Form SLT, ``Aggregate 
Holdings, Purchases and Sales, and Fair Value Changes of Long-Term 
Securities by U.S. and Foreign Residents''.
    OMB Control Number: 1505-0235.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Form SLT is part of the Treasury International Capital 
(TIC) reporting system, which is required by law (22 U.S.C. 286f; 22 
U.S.C. 3103; E.O. 10033; 31 CFR part 128) for the purpose of providing 
timely information on international capital movements. Form SLT is used 
to collect monthly data on cross-border ownership by U.S. and foreign 
residents of long-term securities, purchases and sales of long-term 
securities, and changes in fair value of long-term securities, for 
portfolio investment purposes. These data are used by the U.S. 
Government in the formulation of international and financial policies 
and for the preparation of the U.S. balance of payments accounts and 
the U.S. international investment position. Form SLT is filed by U.S.-
resident custodians, U.S.-resident issuers of long-term securities, and 
U.S.-resident end-investors (including endowments, foundations, pension 
funds, mutual funds, and other investment managers/advisors/sponsors) 
in long-term foreign securities.
    Form: Treasury International Capital Form SLT.
    Affected Public: Businesses or other for-profits, Not-for-profit 
Institutions.
    Estimated Number of Respondents: 429.
    Frequency of Response: Monthly.
    Estimated Total Number of Annual Responses: 5,148.
    Estimated Time per Response: 14.5 hours.
    Estimated Total Annual Burden Hours: 74,882.
    2. Title: Coronavirus State and Local Fiscal Recovery Funds 
Program.
    OMB Control Number: 1505-0271.
    Type of Review: Revision of a currently approved collection.
    Description: Sections 602 and 603 of the Social Security Act (the 
``Act''), as added by section 9901 of the American Rescue Plan Act of 
2021, Public Law 117-2 (Mar. 11, 2021) authorized the Coronavirus State 
Fiscal Recovery Fund (``CSFRF'') and Coronavirus Local Fiscal Recovery 
Fund (``CLFRF'') respectively (referred to as the ``Coronavirus State 
and Local Fiscal Recovery Funds'' or ``SLFRF''). The SLFRF provided 
$350 billion in total funding for the U.S. Department of the Treasury 
(``Treasury'') to make payments to States (defined to include the 
District of Columbia), U.S. Territories (defined to include Puerto 
Rico, U.S. Virgin Islands, Guam, Northern Mariana Islands, and American 
Samoa), Tribes, Metropolitan cities, Counties, Consolidated 
Governments, and (through States) Non-entitlement units of local 
government (collectively the ``eligible entities'') to (1) respond to 
the COVID-19 public health emergency or its negative economic impacts, 
including providing assistance to households, small business, 
nonprofits, and impacted industries, such as tourism, travel, and 
hospitality; (2) respond to workers performing essential work during 
the COVID-19 pandemic by providing premium pay to eligible workers of 
the State, U.S. Territory, Tribal government, Metropolitan city, 
County, or Non-entitlement units of local government who are performing 
essential work or by providing grants to eligible employers that have 
eligible workers; (3) provide of government services, to the extent 
COVID-19 caused a reduction of revenues collected in the most recent 
full fiscal year of the State, U.S. Territory, Tribal government, 
Metropolitan city, County, or Non-entitlement units of local 
government; or (4) make necessary investments in water, sewer, or 
broadband infrastructure, (5) provide emergency relief from natural 
disasters or the negative economic impacts of natural disasters 
including temporary emergency housing, food assistance, financial 
assistance for lost wages, and other immediate needs; (6) use funds for 
projects eligible under 26 programs administered by the Department of 
Transportation (``Surface Transportation projects''), or (7) use funds 
for projects eligible under Title I of the Housing and Community 
Development Act of 1974 (``Title I projects'').
    Title I projects require the implementing recipients to submit to 
Treasury a National Environmental Review Act (NEPA) Environmental 
Certification form under certain circumstances. This form can be found 
on the Treasury website.
    To administer the SLFRF program, a Project and Expenditure (P&E) 
Report is required to be submitted by recipients quarterly or annually 
based on their ``reporting tier'' provided in the Compliance and 
Reporting Guidance. The first quarterly reports were due January 31, 
2022 for certain recipients. The first annual reports were due April 
30, 2022. The P&E Report has been updated periodically to accommodate 
new reporting needs corresponding to updated program guidance offered 
through interim final rules (IFRs) and frequently asked questions 
(FAQs) and will be continuously updated throughout the program's period 
of performance. Existing and anticipated future updates are reflected 
in the estimated time per response for reporting.
    Final program reports will be due in accordance to guidelines 
established in 2 CFR 200.344, and property, real property, and 
equipment disposition procedures must be followed in accordance with 2 
CFR 200.311, 200.313, and 200.314, as well as in accordance with 
additional guidance issued by Treasury.
    Form: Award and Payment Forms and associated forms; Annual Recovery 
Performance Plan and Distribution Templates; Annual and Quarterly 
Project and Expenditure Reports, National Environmental Protection Act 
(NEPA) Review Certification Form for Title I projects, disposition and

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associated forms, and the Impact Story submission form.
    Affected Public: State, Territorial, Tribal, and certain Local 
Governments.
    Estimated Number of Respondents: 30,000.
    Frequency of Response: As required.
    Estimated Total Number of Annual Responses: 82,874.
    Estimated Time per Response: 15 minutes to 1 hour for Award and 
Payment forms, up to 100 hours for Annual Recovery Plan Performance 
Reports, up to 15 hours for annual and quarterly Project and 
Expenditure Reports, up to 2 hours for Title I NEPA Environmental 
Reviews, and up to 1 hour for optional impact story submissions, in 
addition to time spent on previously collected items.
    Estimated Total Annual Burden Hours: 628,494.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-16865 Filed 7-30-24; 8:45 am]
BILLING CODE 4810-AK-P