[Federal Register: February 12, 2004 (Volume 69, Number 29)]
[Notices]               
[Page 6947-6948]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12fe04-30]                         

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DEPARTMENT OF DEFENSE

Office of the Secretary

 
Extension of a Currently Approved Collection; Comment Request

AGENCY: Office of the Secretary of Defense, DoD.

ACTION: Notice.

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    In compliance with section 3506(c)(2)(A) of the Paperwork Reduction 
Act of 1995, the Office of the Deputy Under Secretary of Defense 
(Installations and Environment), Office of Economic Adjustment 
announces the proposed extension of a public information collection and 
seeks public comment on the provisions thereof. Comments are invited 
on: (a) Whether the proposed collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information shall have practical utility; (b) the accuracy 
of the agency's estimate of the burden of the proposed information 
collection; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; and (d) ways to minimize the burden of 
the information collection on respondents, including through the use of 
automated collection techniques or other forms of information 
technology.

DATES: Consideration will be given to all comments received by April 
12, 2004.

ADDRESSES: Written comments and recommendations on the proposed 
information collection should be sent to the Director, Office of 
Economic Adjustment, 400 Army Navy Drive, Suite 200, Arlington, VA 
22202-4704.

FOR FURTHER INFORMATION CONTACT: To request more information on this 
proposed information collection or to obtain a copy of the proposal, 
please write to the above address, or call the Director, Office of 
Economic Adjustment at (703) 604-6020.
    Title and OMB Number: Revitalizing Base Closure Communities, 
Economic Development Conveyance Annual Financial Statement; OMB Number 
0790-0004.
    Needs and Uses: The information collection requirement is necessary 
to verify that Local Redevelopment Authority (LRA) recipients of no-
cost Economic Development Conveyances (EDCs) are in compliance with the 
requirement that the LRA reinvest proceeds from the use of EDC property 
for seven years.
    Affected Public: State, local or tribal governments; and Not-for-
profit institutions.
    Annual Burden Hours: 3,160.
    Number of Respondents: 79.
    Responses Per Respondent: 1.
    Average Burden Per Response: 40 hours.
    Frequency: Annual.

SUPPLEMENTARY INFORMATION:

Summary of Information Collection

    Respondents are LRAs that have executed no-cost EDC agreements with 
a Military Department that transferred property from a closed military 
installation. As provided by section 2821(a)(3)(B)(i) of the National 
Defense Authorization Act for Fiscal Year 2000 (Pub. L. 106-65), such 
agreements require that the LRA reinvest the proceeds from any sale, 
lease or equivalent use of EDC property (or any portion thereof) during 
at least the first seven years after the date of the initial transfer 
of the property to support the economic redevelopment of, or related 
to, the installation. The Secretary of Defense may recoup from the LRA 
such portion of these proceeds not used to support the economic 
redevelopment of, or related to, the installation. LRA's are subject to 
this same seven-year reinvestment requirement if their EDC agreement is 
modified to reduce the debt owed to the Federal Government. Military 
Departments monitor LRA compliance with this provision by requiring an 
annual financial statement certified by an independent Certified Public 
Accountant. No specific form is required.


[[Page 6948]]


    Dated: February 5, 2004.
L.M. Bynum,
Alternate OSD Federal Register Liaison Officer, Department of Defense.
[FR Doc. 04-3017 Filed 2-11-04; 8:45 am]

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