[Federal Register: February 10, 2004 (Volume 69, Number 27)]
[Notices]
[Page 6271]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10fe04-74]
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DEPARTMENT OF DEFENSE
Office of the Secretary
Extension of a Currently Approved Collection; Comment Request
AGENCY: Office of the Secretary of Defense.
ACTION: Notice.
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In compliance with Section 3506(c)(2)(A) of the Paperwork Reduction
Act of 1995, the Office of the Deputy Under Secretary of Defense
(Installations and Environment), Office of Economic Adjustment
announces the proposed extension of a public information collection and
seeks public comment on the provisions thereof. 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 shall have practical utility; (b) the accuracy
of the agency's estimate of the burden of the proposed information
collection; (b) the accuracy of the agency's estimate of the burden of
the proposed information collection; (c) ways to enhance the quality,
utility, and clarity of the information to be collected; and (d) ways
to minimize the burden of the information collection on respondents,
including through the use of automated collection techniques or other
forms of information technology.
DATES: Consideration will be given to all comments received by April
12, 2004.
ADDRESSES: Written comments and recommendations on the proposed
information collection should be sent to the Director, Office of
Economic Adjustment, 400 Army Navy Drive, Suite 200, Arlington, VA
22202-4704.
FOR FURTHER INFORMATION CONTACT: To request more information on this
proposed information collection or to obtain a copy of the proposal,
please write to the above address, or call the Director, Office of
Economic Adjustment at (703) 604-6020.
Title and OMB Number: Revitalizing Base Closure Communities,
Economic Development Conveyance Annual Financial Statement; OMB Number
0790-0004.
Needs and Uses: The information collection requirement is necessary
to verify that Local Redevelopment Authority (LRA) recipients of no-
cost Economic Development Conveyances (EDCs) are in compliance with the
requirement that the LRA reinvest proceeds from the use of EDC property
for seven years.
Affected Public: State, Local or Tribal Governments; and Not-for-
Profit Institutions.
Annual Burden Hours: 3,160.
Number of Respondents: 79.
Responses Per Respondent: 1.
Average Burden Per Response: 40 hours.
Frequency: Annual.
SUPPLEMENTARY INFORMATION:
Summary of Information Collection
Respondents are LRAs that have executed no-cost EDC agreements with
a Military Department that transferred property from a closed military
installation. As provided by Section 2821(a)(3)(B)(i) of the National
Defense Authorization Act for Fiscal Year 2000 (Pub. L. 106-65), such
agreements require that the LRA reinvest the proceeds from any sale,
lease or equivalent use of EDC property (or any portion thereof) during
at least the first seven years after the date of the initial transfer
of the property to support the economic redevelopment of, or related
to, the installation. The Secretary of Defense may recoup from the LRA
such portion of these proceeds not used to support the economic
redevelopment of, or related to, the installation. LRA's are subject to
this same seven-year reinvestment requirement if their EDC agreement is
modified to reduce the debt owed to the Federal Government. Military
Departments monitor LRA compliance with this provision by requiring an
annual financial statement certified by an independent Certified Public
Accountant. No specific form is required.
Dated: February 4, 2004.
L.M. Bynum,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 04-2754 Filed 2-9-04; 8:45 am]
BILLING CODE 5001-06-M