Notice2024-02702
60-Day Notice of Proposed Information Collection: Accounting Requirements for RUS Electric and Telecommunications Borrowers; OMB Control No.: 0572-0003
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 9, 2024
Issuing agencies
Agriculture DepartmentRural Utilities Service
Abstract
The Rural Utilities Service (RUS) announces its' intention to request a revision of a currently approved information collection and invites comments on this information collection.
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 28 (Friday, February 9, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 28 (Friday, February 9, 2024)]
[Notices]
[Pages 9117-9118]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-02702]
-----------------------------------------------------------------------
DEPARTMENT OF AGRICULTURE
Rural Utilities Service
[Docket No. RUS-23-ELECTRIC-0026]
60-Day Notice of Proposed Information Collection: Accounting
Requirements for RUS Electric and Telecommunications Borrowers; OMB
Control No.: 0572-0003
AGENCY: Rural Utilities Service, USDA.
ACTION: Notice; request for comments.
-----------------------------------------------------------------------
SUMMARY: The Rural Utilities Service (RUS) announces its' intention to
request a revision of a currently approved information collection and
invites comments on this information collection.
DATES: Comments on this notice must be received by April 9, 2024 to be
assured of consideration.
ADDRESSES: Comments may be submitted through the Federal eRulemaking
Portal at: <a href="https://www.regulations.gov">https://www.regulations.gov</a>. To comment, in the ``Search''
box, enter the docket number: ``RUS-23-ELECTRIC-0026.'' You will be
taken to the ``Search Results'' page and a link to the Notice. To
submit a comment, click on the ``Comments'' button under the Notice
document name (this will be under the ``Documents'' tab if not already
brought there). When you comment, you must complete all the required
information, and include the Agency name and docket number. When done
commenting, select the ``Submit Comment'' button at the bottom of the
page. Information on commenting is available in the ``Commenter's
Checklist'' located at the top of the comment page or by viewing the
FAQ tab. All comments submitted, from all sources, will be posted,
without change to <a href="https://www.regulations.gov">https://www.regulations.gov</a>. Comments containing
profanity, vulgarity, threats, or other inappropriate language or
content will not be considered. The Agency requests that no business
proprietary information, copyrighted information, or personally
identifiable information be submitted in response to this Notice.
FOR FURTHER INFORMATION CONTACT: Crystal Pemberton, Management Analyst,
Branch 1, Rural Development Innovation Center--Regulations Management
Division, United States Department of Agriculture, 1400 Independence
Avenue SW, South Building, Washington, DC 20250-1522. Telephone: (202)
260-8621, Email: <a href="/cdn-cgi/l/email-protection#adeedfd4ded9ccc183fdc8c0cfc8dfd9c2c3edd8dec9cc83cac2db"><span class="__cf_email__" data-cfemail="5714252e2423363b7907323a353225233839172224333679303821">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Office of Management and Budget's (OMB)
regulation (5 CFR part 1320) implementing provisions of the Paperwork
Reduction Act of 1995 (Pub. L. 104-13) requires that interested members
of the public and affected agencies have an opportunity to comment on
information collection and recordkeeping activities (see, 5 CFR
1320.8(d)). This notice identifies the following information collection
that RUS is submitting to OMB as a revision to an existing collection
with Agency adjustment.
Title: Accounting Requirements for Electric and Telecommunications
Borrowers.
OMB Control Number: 0572-0003.
Expiration Date of Approval: August 31, 2024.
Type of Request: Revision of a currently approved information
collection.
Estimate of Burden: Public reporting burden for this collection of
information is estimated to average 2 hours per response. The
recordkeeping burden for this collection of information is estimated to
average 25 hours per response.
Respondents: Business or other for-profit, Not-for-profit
institutions.
Estimated Number of Respondents: 1,252.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Burden on Respondents: 2,504 hours.
Estimated Total Annual Burden on Recordkeepers: 31,300 hours.
Abstract: The Rural Utilities Service (RUS) is a credit agency of
the USDA which makes direct and guaranteed loans to finance electric
and telecommunications facilities in rural areas. Accounting
requirements that are unique to RUS borrowers are contained in 7 CFR
parts 1767 and 1770 which
[[Page 9118]]
establish basic accounting requirements for the recording of financial
information that must be available to the management, investors, and
lenders of any business enterprise. This collection is primarily a
record keeping requirement, although the Agency is requiring borrowers
to establish an index of records. The hours of burden to maintain this
index are directly related to the portions of the accounting system
that are unique to the Agency. There are many important financial
considerations for retention and preservation of accounting records.
One of the most important considerations to RUS is that documentation
be available so that the borrower's records may be audited for proper
disbursements of funds.
Comments are invited on:
(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 the burden of the
collection of information including the validity of the methodology and
assumptions used;
(c) ways to enhance the quality, utility and clarity of the
information to be collected; and
(d) ways to minimize the burden of the collection of information on
respondents, including the use of appropriate automated, electronic,
mechanical, or other technological collection techniques or other forms
of information technology. All responses to this notice will be
summarized and included in the request for OMB approval. All comments
will become a matter of public record.
Copies of this information collection can be obtained from Crystal
Pemberton, Management Analyst, Rural Development Innovation Center--
Regulations Management Division, at (202) 260-8621. Email:
<a href="/cdn-cgi/l/email-protection#4506373c363124296b152028272037312a2b05303621246b222a33"><span class="__cf_email__" data-cfemail="e7a4959e9493868bc9b7828a858295938889a792948386c9808891">[email protected]</span></a>.
All responses to this notice will be summarized and included in the
request for OMB approval. All comments will also become a matter of
public record.
Andrew Berke,
Administrator, Rural Utilities Service.
[FR Doc. 2024-02702 Filed 2-8-24; 8:45 am]
BILLING CODE 3410-XV-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on February 9, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.