Maintained for Historical Purposes

This resource is being maintained for historical purposes only and is not currently applicable.

Summary: Student Assistance General Provisions--Subpart K--Cash Management

Publication Date: May 21, 2008

Page Numbers: 29493-29494

Summary: Student Assistance General Provisions--Subpart K--Cash Management

Posted on 05-21-2008


[Federal Register: May 21, 2008 (Volume 73, Number 99)]
[Notices]               
[Page 29493-29494]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21my08-38]                         

-----------------------------------------------------------------------

DEPARTMENT OF EDUCATION

 
Notice of Proposed Information Collection Requests

AGENCY: Department of Education.

ACTION: Notice of Proposed Information Collection Requests.

-----------------------------------------------------------------------

SUMMARY: The IC Clearance Official, Regulatory Information Management 
Services, Office of Management, invites comments on the proposed 
information collection requests as required by the Paperwork Reduction 
Act of 1995.

DATES: An emergency review has been requested in accordance with the 
Act (44 U.S.C. Chapter 3507 (j)), since public harm is reasonably 
likely to result if normal clearance procedures are followed. Approval 
by the Office of Management and Budget (OMB) has been requested by June 
12, 2008.

ADDRESSES: Written comments regarding the emergency review should be 
addressed to the Office of Information and Regulatory Affairs, 
Attention: Bridget Dooling, Desk Officer, Department of Education, 
Office of Management and Budget; 725 17th Street, NW., Room 10222, New 
Executive Office Building, Washington, DC 20503 or faxed to (202) 395-
6974.

SUPPLEMENTARY INFORMATION: Section 3506 of the Paperwork Reduction Act 
of 1995 (44 U.S.C. Chapter 35) requires that the Director of OMB 
provide interested Federal agencies and the public an early opportunity 
to comment on information collection requests. The Office of Management 
and Budget (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 IC Clearance 
Official, Regulatory Information Management Services, Office of 
Management, publishes this notice containing proposed information 
collection requests at the beginning of the Departmental review of the 
information collection. 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. ED invites 
public comment.
    The Department of Education is especially interested in public 
comment addressing the following issues: (1) Is this collection 
necessary to the proper functions of the Department; (2) will this 
information be processed and used in a timely manner, (3) is the 
estimate of burden accurate; (4) how might the Department enhance the 
quality, utility, and clarity of the information to be collected, and 
(5) how might the Department minimize the burden of this collection on respondents, 
including through the use of information technology.

    Dated: May 15, 2008.
Angela C. Arrington, IC Clearance Official, Regulatory Information Management Services, 
Office of Management.

Federal Student Aid

    Type of Review: Revision.
    Title: Student Assistance General Provisions--Subpart K--Cash 
Management.
    Abstract: These regulations comprise the existing provisions of the 
Student Assistance General Provisions guidance regarding cash 
management. Information collection under these regulations relates to 
cash management requirements and practices for institutions 
participating in the Title IV, Higher Education Act (HEA), programs. 
This request is for approval of reporting and recordkeeping 
requirements contained in the attached final regulations related to the 
administrative requirements of the Regulations Governing the Student 
Assistance General Provisions as revised by the TEACH Grant final 
regulations. The information collection requirements in these 
regulations are necessary to determine eligibility to receive program 
benefits and to prevent fraud and abuse of program funds.
    Additional Information: The U.S. Department of Education (the 
Department) requests that OMB grant an emergency clearance of 1845-
0038. This emergency clearance is necessary due to new burden created 
from regulatory changes resulting from 34 CFR 668.165, the new 
regulations for the Teacher Education Assistance for College and Higher 
Education (TEACH) Grant Program. 34 CFR 668.165 requires institutions 
to notify recipients of when and the amount of their Teach Grant 
disbursements, in addition to their right to cancel or reduce their 
grant amount, as well as procedures the institution has adopted for the 
recipient to contact their school about cancellation or grant 
reduction. The associated information collection provisions relating to 
these requirements are accounted for in 1845-0038. These regulatory 
changes resulted from public comments in response to the Notice of 
Proposed Rulemaking published in the Federal Register on March 21, 2008 
(73 FR 15336). The Department requests emergency clearance by June 12, 
2008 so it can implement procedures to make Teach Grants available by 
the statutory effective date of July 1, 2008.
    Frequency: On Occasion.
    Affected Public: Businesses or other for-profit; Not-for-profit 
institutions; State, Local, or Tribal Gov't, SEAs or LEAs.
    Reporting and Recordkeeping Hour Burden:

Responses: 108,834.
Burden Hours: 978,333.

    Requests for copies of the proposed information collection request 
may be accessed from http://edicsweb.ed.gov, by selecting the ``Browse 
Pending Collections'' link and by clicking on link number 3691. When 
you access the information collection, click on ``Download 
Attachments'' to view. Written requests for information should be 
addressed to U.S. Department of Education, 400 Maryland Avenue, SW., 
LBJ, Washington, DC 20202-4537. Requests may also be electronically 
mailed to the Internet address ICDocketMgr@ed.gov or faxed to 202-401-
0920. Please specify the complete title of the information collection 
when making your request.
    Comments regarding burden and/or the collection activity 
requirements should be electronically mailed to ICDocketMgr@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. E8-11350 Filed 5-20-08; 8:45 am]

BILLING CODE 4000-01-P
Attachments/Enclosures:

Last Modified: 05/20/2008