[Federal Register Volume 77, Number 231 (Friday, November 30, 2012)]
[Notices]
[Pages 71450-71451]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-29062]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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 DOL_PRA_PUBLIC@dol.gov.
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:
OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: Contact Michel Smyth by telephone at
202-693-4129 (this is not a toll-free number) or by email at DOL_PRA_PUBLIC@dol.gov.
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