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ED invites comments on the submission for OMB review: Guaranty Agency Quarterly /Annual Report and Guaranty Agency Financial Report.

Attachments:
PublicationDate: 11/29/99
FRPart:
RegPartsAffected:
PageNumbers: 66615-66616
Summary: ED invites comments on the submission for
OMB review: Guaranty Agency Quarterly /Annual Report and Guaranty
Agency Financial Report.
CommentDueDate:

  
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[

[Federal Register: November 29, 1999 (Volume 64, Number 228)]
[Notices]
[Page 66615-66616]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29no99-40]

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DEPARTMENT OF EDUCATION


Submission for OMB Review; Comment Request

AGENCY: Department of Education.

SUMMARY: The Leader, Information Management Group, Office of the Chief
Information Officer invites comments on the submission for OMB review
as required by the Paperwork Reduction Act of 1995.

DATES: Interested persons are invited to submit comments on or before
December 29, 1999.

ADDRESSES: Written comments should be addressed to the Office of
Information and Regulatory Affairs, Attention: Danny Werfel, Desk
Officer, Department of Education, Office of Management and Budget, 725
17th Street, NW, Room 10235, New Executive Office Building, Washington,
DC 20503 or should be electronically mailed to the internet address
DWERFEL@OMB.EOP.GOV.

SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act
of 1995 (44 U.S.C. Chapter 35) requires that the Office of Management
and Budget (OMB) provide interested Federal agencies and the public an
early opportunity to comment on information collection requests. OMB
may amend or waive the requirement for public consultation to the
extent that public participation in the approval process would defeat
the purpose of the information collection, violate State or Federal
law, or substantially interfere with any agency's ability to perform
its statutory obligations. The Leader, Information Management Group,
Office of the Chief Information Officer, publishes that notice
containing proposed information collection requests prior to submission
of these requests to OMB. Each proposed information collection, grouped
by office, contains the following: (1) Type of review requested, e.g.
new, revision, extension, existing or reinstatement; (2) Title; (3)
Summary of the collection; (4) Description of the need for, and
proposed use of, the information; (5) Respondents and frequency of
collection; and (6) Reporting and/or Recordkeeping burden. OMB invites
public comment.

Dated: November 22, 1999.
William E. Burrow,
Leader, Information Management Group, Office of the Chief Information
Officer.

Office of Student Financial Assistance Programs

Type of Review: Extension.
Title: Guaranty Agency Quarterly/Annual Report.
Frequency: Monthly.
Affected Public: Not-for-profit institutions; State; local or
Tribal Gov't, SEAs or LEAs.
Reporting and Recordkeeping Burden:
Responses: 36.
Burden Hours: 9,000.
Abstract: The Guaranty Agency Quarterly/Annual Report is submitted
by 36 agencies operating a student loan insurance program under
agreement with the Department of Education. These reports are used to
evaluate agency operations, make payments to agencies as authorized by
law, and to make reports to Congress. Form 1130 has been significantly
altered due to the results of Congressional Reauthorization.

[[Page 66616]]

Requests for copies of the proposed information collection request
should be addressed to Vivian Reese, Department of Education, 400
Maryland Avenue, SW, Room 5624, Regional Office Building 3, Washington,
DC 20202-4651, or should be electronically mailed to the internet
address OCIO__IMG__Issues@ed.gov, or should be faxed to 202-708-9346.
Written comments or questions regarding burden and/or the
collection activity requirements should be directed to Jacqueline
Montague at 202-708-5359 or by e-mail at jackie__montague@ed.gov.
Individuals who use a telecommunications device for the deaf (TDD) may
call the Federal Information Relay Service (FIRS) at 1-800-877-8339.

Office of Student Financial Assistance Programs

Type of Review: New.
Title: Guaranty Agency Financial Report.
Frequency: Monthly.
Affected Public: Businesses or other for-profit; State; local or
Tribal Gov't, SEAs or LEAs.
Reporting and Recordkeeping Burden:
Responses: 36.
Burden Hours: 33,660.
Abstract: The Guaranty Agency Financial Report will be used to
request payments from and make payments to the Department of Education
under the Federal Family Education Loan (FFEL) program authorized by
Title IV, Part B of the Higher Education Act (HEA) of 1965, as amended.
The report will also be used to monitor the agency's financial
activities, including activities concerning its federal fund; operating
fund and the agency's restricted account. Recent negotiated rulemaking
sessions had a major impact on the development of this form because of
significant changes to guaranty agency reporting requirements, and
reporting on two new funds, the Federal Fund and Operating Fund.
Guaranty agency representatives spent three full days in Washington, DC
working with ED on the development of this form 2000.
Requests for copies of the proposed information collection request
should be addressed to Vivian Reese, Department of Education, 400
Maryland Avenue, SW, Room 5624, Regional Office Building 3, Washington,
DC 20202-4651, or should be electronically mailed to the internet
address OCIO__IMG__Issues@ed.gov, or should be faxed to 202-708-9346.
Questions regarding burden and/or the collection activity
requirements should be directed to Jacqueline Montague at 202-708-5359
or by e-mail at jackie__montague@ed.gov. Individuals who use a
telecommunications device for the deaf (TDD) may call the Federal
Information Relay Service (FIRS) at 1-800-877-8339.

[FR Doc. 99-30859 Filed 11-26-99; 8:45 am]
BILLING CODE 4000-01-P




]

Last Modified: 11/28/1999