[Federal Register Volume 80, Number 7 (Monday, January 12, 2015)]
[Notices]
[Page 1493]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-00246]
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Notices
Federal Register
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This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
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Federal Register / Vol. 80, No. 7 / Monday, January 12, 2015 /
Notices
[[Page 1493]]
DEPARTMENT OF AGRICULTURE
Submission for OMB Review; Comment Request
January 5, 2015.
The Department of Agriculture has submitted the following
information collection requirement(s) to Office of Management and
Budget (OMB) for review and clearance under the Paperwork Reduction Act
of 1995, Public Law 104-13. Comments regarding (a) whether the
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
burden including the validity of the methodology and assumptions used;
(c) ways to enhance the quality, utility and clarity of the information
to be collected; (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 should
be addressed to: Desk Officer for Agriculture, Office of Information
and Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, 725 17th Street NW., Washington, DC 20502. Commenters
are encouraged to submit their comments to OMB via email to:
[email protected] or fax (202) 395-5806 and to Departmental
Clearance Office, USDA, OCIO, Mail Stop 7602, Washington, DC 20250-
7602. Comments regarding these information collections are best assured
of having their full effect if received within 30 days of this
notification. Copies of the submission(s) may be obtained by calling
(202) 720-8681.
An agency may not conduct or sponsor a collection of information
unless the collection of information displays a currently valid OMB
control number and the agency informs potential persons who are to
respond to the collection of information that such persons are not
required to respond to the collection of information unless it displays
a currently valid OMB control number.
Rural Utilities Service
Title: Accounting Requirements for RUS Electric and
Telecommunications Borrowers.
OMB Control Number: 0572-0003.
Summary of Collection: Rural Utilities Service (RUS) is a credit
agency of the U.S. Department of Agriculture that makes loans (direct
and guaranteed) to finance electric and telecommunications facilities
in rural areas. This collection is primarily a recordkeeping
requirement. 7 CFR parts 1767 and 1770 set forth basic accounting
requirements for maintaining financial accounting records on an accrual
basis that are unique to RUS borrowers. The agency is requiring
borrowers to establish an index of records. RUS does not own or operate
rural electric facilities. Its function is to provide, through self-
liquidating loans and technical assistance, adequate and dependable
electric and telecommunications service to rural people under rates and
conditions that permit productive use of these utility services. RUS
borrowers, as all businesses, need accounting systems for their own
internal use as well as external use. Such records are maintained as
part of normal business practices. Without systems, no records would
exist, for example, or what they own or what they owe. Such records
systems provide borrowers with information that is required by the
manager and board of directors to operate on a daily basis, to complete
their tax returns, and to support requests to state regulatory
commissions for rate approvals.
Need and Use of the Information: Currently there are approximately
650 active electric borrowers and 400 RUS telecommunications borrowers.
Borrowers may utilize any information technology that meets their
records management needs. RUS uses the information to evaluate a
borrower's financial performance, to determine whether current loans
are at risk, and to determine the credit worthiness of future loans. If
basic financial records were not maintained, the borrower, its
investors, and RUS would be unable to evaluate a borrower's financial
performance.
Description of Respondents: Not-for-profit institutions.
Number of Respondents: 1,050.
Frequency of Responses: Recordkeeping; Reporting: On Occasion.
Total Burden Hours: 28,350.
Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. 2015-00246 Filed 1-9-15; 8:45 am]
BILLING CODE 3410-15-P