Surety and Reinsuring Companies; Fees, 77258 [05-24561]

Download as PDF 77258 Federal Register / Vol. 70, No. 249 / Thursday, December 29, 2005 / Notices Type of Review: Regular. Affected Public: Business or other forprofit institutions. Estimated Number of Respondents: 15 (2 forms ea.). Estimated Time Per Respondent: 30 minutes (15 minutes ea. form). Estimated Total Annual Burden Hours: 7. Comments: Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the 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 collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance and purchase of services to provide information. business. These fees are determined in accordance with the Office of Management and Budget Circular A–25, as amended. The change in fees is the result of a thorough analysis of costs associated with the Surety Bond Branch. The new fee rate schedule is as follows: (1) Examination of a company’s application for a Certificate of Authority as an acceptable surety as an acceptable reinsuring company on Federal bonds— $7,500. (2) Determination of a company’s continued qualification for annual renewal of its Certificate of Authority— $4,400. (3) Examination of a company’s application for recognition as an Admitted Reinsurer (except on excess risks running to the United States)— $2,650. (4) Determination of a company’s continued qualification for annual renewal of its authority as an Admitted Reinsurer—$1,875. Questions concerning this notice should be directed to the Surety Bond Branch, Financial Accounting and Services Division, Financial Management Service Department of the Treasury, 3700 East West Highway, Room 6F01, Hyattsville, MD 20782, Telephone (202) 874–6850. Gary Grippo, Assistant Commissioner, Federal Finance. [FR Doc. 05–24560 Filed 12–28–05; 8:45 am] Dated: December 22, 2005. Wanda J. Rogers, Assistant Commissioner Financial Operations, Financial Management Service. [FR Doc. 05–24561 Filed 12–28–05; 8:45 am] BILLING CODE 4810–35–M BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY Fiscal Service DEPARTMENT OF THE TREASURY Surety and Reinsuring Companies; Fees Internal Revenue Service Financial Management Service, Fiscal Service, Department of the Treasury. ACTION: Application and Renewal Fees Imposed on Surety Companies and Reinsuring Companies; Increase in Fees Imposed. Proposed Collection; Comment Request for Revenue Procedure 97–15 AGENCY: Effective December 31, 2005, The Department of the Treasury, Financial Management Service, is increasing the fees it imposes on and collects from surety companies and reinsuring companies. FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874–6765. SUPPLEMENTARY INFORMATION: The fees imposed and collected, as referred to in 31 CFR 223.22, cover the costs incurred by the Government for services performed relative to qualifying corporate sureties to write Federal wwhite on PROD1PC65 with NOTICES SUMMARY: VerDate Aug<31>2005 18:56 Dec 28, 2005 Jkt 208001 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Revenue Procedure 97–15, section 103—Remedial Payment Closing Agreement Program. PO 00000 Frm 00141 Fmt 4703 Sfmt 4703 Written comments should be received on or before February 27, 2006 to be assured of consideration. ADDRESSES: Direct all written comments to Glenn Kirkland Internal Revenue Service, room 6516, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Larnice Mack at Internal Revenue Service, room 6512, 1111 Constitution Avenue NW., Washington, DC 20224, or at (202) 622–3179, or through the Internet at (Larnice.Mack@irs.gov). DATES: SUPPLEMENTARY INFORMATION: Title: Section 103—Remedial Payment Closing Agreement Program. OMB Number: 1545–1528. Revenue Procedure Number: Revenue Procedure 97–15. Abstract: This information is required by the Internal Revenue Service to verify compliance with sections 57, 103, 142, 144, 145, and 147 of the Internal Revenue Code of 1986, as applicable (including any corresponding provision, if any, of the Internal Revenue Code of 1954). This information will be used by the Service to enter into a closing agreement with the issuer of certain state or local bonds to establish the closing agreement amount. Current Actions: There are no changes being made to the revenue procedure at this time. Type of Review: Extension of a currently approved collection. Affected Public: State, local or tribal government, and not-for-profit institutions. Estimated Number of Respondents: 50. Estimated Time Per Respondent: 1 hour, 30 minutes. Estimated Total Annual Burden Hours: 75. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments Comments submitted in response to this notice will be summarized and/or included in the request for OMB E:\FR\FM\29DEN1.SGM 29DEN1

Agencies

[Federal Register Volume 70, Number 249 (Thursday, December 29, 2005)]
[Notices]
[Page 77258]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-24561]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Surety and Reinsuring Companies; Fees

AGENCY: Financial Management Service, Fiscal Service, Department of the 
Treasury.

ACTION: Application and Renewal Fees Imposed on Surety Companies and 
Reinsuring Companies; Increase in Fees Imposed.

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SUMMARY: Effective December 31, 2005, The Department of the Treasury, 
Financial Management Service, is increasing the fees it imposes on and 
collects from surety companies and reinsuring companies.

FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874-6765.

SUPPLEMENTARY INFORMATION: The fees imposed and collected, as referred 
to in 31 CFR 223.22, cover the costs incurred by the Government for 
services performed relative to qualifying corporate sureties to write 
Federal business. These fees are determined in accordance with the 
Office of Management and Budget Circular A-25, as amended. The change 
in fees is the result of a thorough analysis of costs associated with 
the Surety Bond Branch.
    The new fee rate schedule is as follows:
    (1) Examination of a company's application for a Certificate of 
Authority as an acceptable surety as an acceptable reinsuring company 
on Federal bonds--$7,500.
    (2) Determination of a company's continued qualification for annual 
renewal of its Certificate of Authority--$4,400.
    (3) Examination of a company's application for recognition as an 
Admitted Reinsurer (except on excess risks running to the United 
States)--$2,650.
    (4) Determination of a company's continued qualification for annual 
renewal of its authority as an Admitted Reinsurer--$1,875.
    Questions concerning this notice should be directed to the Surety 
Bond Branch, Financial Accounting and Services Division, Financial 
Management Service Department of the Treasury, 3700 East West Highway, 
Room 6F01, Hyattsville, MD 20782, Telephone (202) 874-6850.

    Dated: December 22, 2005.
Wanda J. Rogers,
Assistant Commissioner Financial Operations, Financial Management 
Service.
[FR Doc. 05-24561 Filed 12-28-05; 8:45 am]
BILLING CODE 4810-35-M