[Federal Register Volume 75, Number 143 (Tuesday, July 27, 2010)]
[Notices]
[Page 44003]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-18400]
[[Page 44003]]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5383-N-15]
Financial Standards for Housing Agency-Owned Insurance Entities
AGENCY: Office of the Assistant Secretary for Public and Indian
Housing, HUD.
ACTION: Notice.
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SUMMARY: The proposed information collection requirement described
below will be submitted to the Office of Management and Budget (OMB)
for review, as required by the Paperwork Reduction Act. The Department
is soliciting public comments on the subject proposal.
DATES: Comments Due Date: September 27, 2010.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name/or OMB
Control number and should be sent to: Leroy McKinney, Jr., Departmental
Reports Management Officer, QDAM, Department of Housing and Urban
Development, 451 7th Street, SW., Room 4178, Washington, DC 20410-5000;
telephone 202.402.5564, (this is not a toll-free number) or email Mr.
McKinney at [email protected]. Persons with hearing or speech
impairments may access this number through TTY by calling the toll-free
Federal Information Relay Service at (800) 877-8339. (Other than the
HUD USER information line and TTY numbers, telephone numbers are not
toll-free.)
FOR FURTHER INFORMATION CONTACT: Dacia Rogers, Office of Policy,
Programs and Legislative Initiatives, PIH, Department of Housing and
Urban Development, 451 7th Street, SW., Room 4116, Washington, DC
20410; telephone 202-402-3374, (this is not a toll-free number).
SUPPLEMENTARY INFORMATION: The Department will submit the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. Chapter 35, as amended). This notice
is soliciting comments from members of the public and affected agencies
concerning the proposed collection of information to: (1) Evaluate
whether the proposed collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information will have practical utility; (2) evaluate the accuracy
of the agency's estimate of the burden of the proposed collection of
information; (3) enhance the quality, utility, and clarity of the
information to be collected; and (4) minimize the burden of the
collection of information on those who are to respond, including
through the use of appropriate automated collection techniques or other
forms of information technology; e.g., permitting electronic submission
of responses.
This Notice also lists the following information:
Title of Proposal: Financial Standards for Housing Agency-Owned
Insurance Entities.
OMB Control Number: 2577-0186.
Description of the need for the information and proposed use:
Collection of this information is required by the HUD Appropriations
Act for FY 1992, Public Law 102.139, 105 Stat. 736 (approved October
28, 1991). The Act provided that public housing agencies (PHAs) could
purchase insurance coverage without regard to competitive selection
procedures, if the insurance was purchased from a nonprofit insurance
entity owned and controlled by PHAs approved by HUD, in accordance with
standards established by regulation. A PHA-owned insurance entity
selected by a PHA to provide coverage must submit a certification to
HUD, stating that the entity management and underwriting staff have
certain levels of experience. For initial approvals, the entity must
also submit proper organizational documentation. The nonprofit entity
must submit copies of audits every year, actuarial reviews every year,
and management reviews every three years.
Agency form number: N/A.
Members of affected public: Public Housing Agencies.
Estimation of the total number of hours needed to prepare the
information collection including number of respondents: The estimated
number of respondents is 29 annually with one response per respondent.
The average number for each response is 6.55 hours, for a total
reporting burden of 190 hours.
Status of the proposed information collection: Extension of
currently approved collection.
Authority: Section 3506 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35, as amended.
Dated: July 20, 2010.
Merrie Nichols-Dixon,
Acting Deputy Assistant Secretary for Policy, Programs, and Legislative
Initiatives.
[FR Doc. 2010-18400 Filed 7-26-10; 8:45 am]
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