Agency information collection activities: Submission for OMB review; comment request,

[Federal Register: March 20, 1998 (Volume 63, Number 54)]

[Notices]

[Page 13722]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr20mr98-180]

DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

March 16, 1998.

The Department of Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Pub. L. 104-13. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 2110, 1425 New York Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before April 20, 1998 to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545-1219.

Form Number: IRS Form 8038-T.

Type of Review: Extension.

Title: Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate.

Description: Form 8038-T is used by issuers of tax exempt bonds to report and pay the arbitrage rebate and to elect and/or pay various penalties associated with arbitrage bonds. These issuers include state and local governments.

Respondents: State, Local or Tribal Governments.

Estimated Number of Respondents/Recordkeepers: 2,500.

Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--11 hours, 0 minutes Learning about the law or the form--6 hours, 34 minutes Preparing, copying, assembling, and sending the form to the IRS-7 hours, 1 minute

Frequency of Response: Other (at least once every five years).

Estimated Total Reporting/Recordkeeping Burden: 61,450 hours.

Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.

OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management and Budget, Room 10226, New Executive Office Building, Washington, DC 20503. Lois K. Holland, Departmental Reports, Management Officer.

[FR Doc. 98-7193Filed3-19-98; 8:45 am]

BILLING CODE 4830-01-P