Discount Rates for Cost-Effectiveness Analysis of Federal Programs, 4383-4384 [E6-963]
Download as PDF
<![CDATA[
rwilkins on PROD1PC63 with NOTICES
Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Notices
assured of consideration. Comments
received after that date will be
considered to the extent practicable.
ADDRESSES: Written comments
regarding the information collection and
requests for copies of the proposed
information collection request should be
addressed to Suzanne Plimpton, Reports
Clearance Officer, National Science
Foundation, 4201 Wilson Blvd., Rm.
295, Arlington, VA 22230, or by e-mail
to splimpto@nsf.gov.
FOR FURTHER INFORMATION CONTACT:
Suzanne Plimpton on (703) 292–7556 or
send e-mail to splimpto@nsf.gov.
Individuals who use a
telecommunications device for the deaf
(TDD) may call the Federal Information
Relay Service (FIRS) at 1–800–877–8339
between 8 a.m. and 8 p.m., Eastern time,
Monday through Friday.
SUPPLEMENTARY INFORMATION:
Request for Clearance for Program
Evaluation of the National Science
Foundation’s (NSF) Faculty Early Career
Development (CAREER) Program.
Title of Collection: Evaluation of the
National Science Foundation’s (NSF)
Faculty Early Career Development
(CAREER) Program.
OMB Control No.: 3145–(NEW).
Expiration Date of Approval: Not
applicable.
Abstract: The National Science
Foundation (NSF) requests a three-year
clearance for research, evaluation and
data collection (e.g., surveys and
interviews) from actual and potential
applicants to and other stakeholders in
the Faculty Early Career Development
Program (CAREER). CAREER
stakeholders typically are limited to
PhD scientists and engineers and faculty
and administrators from universities
and not-for-profit institutions (e.g.,
museums, non-degree granting
educational or research institutions),
and former NSF employees and
intergovernmental personnel act (IPA)
appointees. A preliminary, predecessor
study to this new evaluation research
was approved through September 2001
as an external (third-party) program
evaluation under the EHR Generic
Clearance (OMB 345–0136). The earlier
CAREER study was conducted by Abt
Associates, Inc., Cambridge, MA, and it
examined only the first three years that
NSF provided CAREER grants to eligible
institutions in Fiscal Years (FY) 1995
through 1997. A copy of Abt’s final
report to NSF entitled Faculty Early
Career Development (CAREER) Program:
External Evaluation Summary Report
(NSF 01–134) was posted in August
2001 on NSF’s Web site and remains
available at: https://www.nsf.gov/pubs/
2001/nsf01134/pdf. The new CAREER
VerDate Aug<31>2005
16:10 Jan 25, 2006
Jkt 205001
program evaluation is estimated to cover
from FY 1995 through FY 2005.
NSF established the CAREER Program
to support career-development for
beginning teacher-scholars in Science,
Technology, Engineering and
Mathematics (STEM), within the context
of the mission of their employing
organization. CAREER typically awards
a grant to support the research and
educational activities conducted by
individual scientists and engineers with
PhDs (or the equivalent). For specific
details and the most updated
information regarding CAREER program
operations, please visit the NSF Web
site at: https://www.nsf.gov/funding/
pgm_summ.jsp?pims_id=5262&fromfund.
NSF has contracted a new program
evaluation of CAREER, to be conducted
by Abt Associates Inc. Through this new
evaluation of the CAREER Program NSF
aims to identify, measure and
document:
(1) The longer-term impacts of this
program on the research activities,
educational activities and career
advancement of CAREER awardees;
(2) the program’s impacts on the
integration of research and education by
individual STEM faculty;
(3) the impacts of the CAREER
program on the institutions (including
at the department or other subinstitutional level) that administer the
NSF funding to a CAREER scientist or
engineer; and
(4) changes within NSF that may be
attributed to the CAREER program’s
operations, benefiting scientists and
engineers, and other CAREER stake
holders.
The primary methods of data
collection will include meta-data
collection from open sources and from
records at NSF and grantee institutions;
surveys, institutional site visits, and inperson and telephone interviews. There
is a bounded (or limited) number of
respondents within the general public
who will be affected by this research,
including current and former CAREER
awardees, scientists and engineers
currently or once eligible to apply to
CAREER, other scientists and engineers
and the STEM research and education
committees. NSF will use the CAREER
program evaluation data and analyses to
respond to requests from Committees of
Visitors (COV), Congress and the Office
of Management and Budget, particularly
as related to the Government
Performance and Results Act (GPRA)
and the Program Effectiveness Rating
Tool (PART). NSF will also use the
program evaluation to improve
communication with CAREER
stakeholders and to share the broader
PO 00000
Frm 00038
Fmt 4703
Sfmt 4703
4383
impacts of the CAREER program with
the general public.
Respondents: Individuals or
households, Business or other for profit,
Federal Government, State, Local or
Tribal Government and not-for-profit
institutions.
Estimated Number of Respondents:
4,000.
Burden on the Public: 2,000 hours.
Dated: January 20, 2006.
Suzanne H. Plimpton,
Reports Clearance Officer, National Science
Foundation.
[FR Doc. 06–712 Filed 1–25–06; 8:45 am]
BILLING CODE 7555–01–M
OFFICE OF MANAGEMENT AND
BUDGET
Discount Rates for Cost-Effectiveness
Analysis of Federal Programs
Office of Management and
Budget.
ACTION: Revisions to Appendix C of
OMB Circular A–94.
AGENCY:
SUMMARY: The Office of Management
and Budget revised Circular A–94 in
1992. The revised Circular specified
certain discount rates to be updated
annually when the interest rate and
inflation assumptions used to prepare
the budget of the United States
Government were changed. These
discount rates are found in Appendix C
of the revised Circular. The updated
discount rates are shown below. The
discount rates in Appendix C are to be
used for cost-effectiveness analysis,
including lease-purchase analysis, as
specified in the revised Circular. They
do not apply to regulatory analysis.
DATES: The revised discount rates are
effective immediately and will be in
effect through January 2007.
FOR FURTHER INFORMATION CONTACT:
Robert B. Anderson, Office of Economic
Policy, Office of Management and
Budget, (202) 395–3381.
James D. Foster,
Associate Director for Economic Policy, Office
of Management and Budget.
Appendix C—Discount Rates for CostEffectiveness, Lease Purchase, and
Related Analyses
Revised January 2006.
Effective Dates. This appendix is updated
annually around the time of the President’s
budget submission to Congress. This version
of the appendix is valid through the end of
January 2007. A copy of the updated
appendix can be obtained in electronic form
through the OMB home page at https://
www.whitehouse.gov/omb/circulars/a094/
E:\FR\FM\26JAN1.SGM
26JAN1
4384
Federal Register / Vol. 71, No. 17 / Thursday, January 26, 2006 / Notices
a94_appx-c.html, the text of the main body
of the Circular is found at https://
www.whitehouse.gov/omb/circulars/a094/
a094.html, and a table of past years’ rates is
located at https://www.whitehouse.gov/omb/
circulars/a094/dischist-2006.pdf. Updates of
the appendix are also available upon request
from OMB’s Office of Economic Policy (202–
395–3381).
Nominal Discount Rates. A forecast of
nominal or market interest rates for 2006
based on the economic assumptions from the
2007 Budget are presented below. These
nominal rates are to be used for discounting
nominal flows, which are often encountered
in lease-purchase analysis.
NOMINAL INTEREST RATES ON TREASURY NOTES AND BONDS OF SPECIFIED MATURITIES
[In percent]
3-year
5-year
7-year
10-year
20-year
30-year
4.7
4.8
4.9
5.0
5.3
5.2
Real Discount Rates. A forecast of real
interest rates from which the inflation
premium has been removed and based on the
economic assumptions from the 2007 Budget
is presented below. These real rates are to be
used for discounting real (constant-dollar)
flows, as often required in cost-effectiveness
analysis.
REAL INTEREST RATES ON TREASURY NOTES AND BONDS OF SPECIFIED MATURITIES
[In percent]
3-year
5-year
7-year
10-year
20-year
30-year
2.5
2.6
2.7
2.8
3.0
3.0
Analyses of programs with terms different
from those presented above may use a linear
interpolation. For example, a four-year
project can be evaluated with a rate equal to
the average of the three-year and five-year
rates. Programs with durations longer than 30
years may use the 30-year interest rate.
[FR Doc. E6–963 Filed 1–25–06; 8:45 am]
BILLING CODE 3110–01–P
RAILROAD RETIREMENT BOARD
rwilkins on PROD1PC63 with NOTICES
Proposed Collection; Comment
Request
SUMMARY: In accordance with the
requirement of Section 3506(c)(2)(A) of
the Paperwork Reduction Act of 1995
which provides opportunity for public
comment on new or revised data
collections, the Railroad Retirement
Board (RRB) will publish periodic
summaries of proposed data collections.
Comments are invited on: (a) Whether
the proposed information collection is
necessary for the proper performance of
the functions of the agency, including
whether the information has practical
utility; (b) the accuracy of the RRB’s
estimate of the burden of the collection
of the information; (c) ways to enhance
the quality, utility, and clarity of the
information to be collected; and (d)
ways to minimize the burden related to
the collection of information on
respondents, including the use of
automated collection techniques or
other forms of information technology.
VerDate Aug<31>2005
16:10 Jan 25, 2006
Jkt 205001
Title and Purpose of Information
Collection
Nonresident Questionnaire; OMB 3220–
0145.
Under Public Laws 98–21 and 98–76,
benefits under the Railroad Retirement
Act payable to annuitants living outside
the United States may be subject to
taxation under United States income tax
laws. Whether the social security
equivalent and non-social security
equivalent portions of Tier I, Tier II,
vested dual benefit, or supplemental
annuity payments are subject to tax
withholding, and whether the same or
different rates are applied to each
payment, depends on a beneficiary’s
citizenship and legal residence status,
and whether exemption under a tax
treaty between the United States and the
country in which the beneficiary is a
legal resident has been claimed. To
effect the required tax withholding, the
Railroad Retirement Board (RRB) needs
to know a nonresidents citizenship and
legal residence status.
To secure the required information,
the RRB utilizes Form RRB–1001,
Nonresident Questionnaire, as a
supplement to an application as part of
the initial application process, and as an
independent vehicle for obtaining the
needed information when an
annuitant’s residence or tax treaty status
changes. Completion is voluntary. One
response is requested of each
respondent.
The RRB estimates that 1,300 Form
RRB–1001’s are completed annually.
The completion time for Form RRB–
1001 is estimated at 30 minutes. No
PO 00000
Frm 00039
Fmt 4703
Sfmt 4703
changes are proposed to Form RRB–
1001.
Additional Information or Comments:
To request more information or to
obtain a copy of the information
collection justifications, forms, and/or
supporting material, please call the RRB
Clearance Officer at (312) 751–3363 or
send an e-mail request to
Charles.Mierzwa@RRB.GOV. Comments
regarding the information collection
should be addressed to Ronald J.
Hodapp, Railroad Retirement Board, 844
N. Rush Street, Chicago, Illinois 60611–
2092 or send an e-mail to
Ronald.Hodapp@RRB.GOV. Comments
should be received within 60 days of
this notice.
Charles Mierzwa,
Clearance Officer.
[FR Doc. E6–946 Filed 1–25–06; 8:45 am]
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 15c2–7; SEC File No. 270–420; OMB
Control No. 3235–0479.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
E:\FR\FM\26JAN1.SGM
26JAN1
]]>Agencies
[Federal Register Volume 71, Number 17 (Thursday, January 26, 2006)]
[Notices]
[Pages 4383-4384]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-963]
=======================================================================
-----------------------------------------------------------------------
OFFICE OF MANAGEMENT AND BUDGET
Discount Rates for Cost-Effectiveness Analysis of Federal
Programs
AGENCY: Office of Management and Budget.
ACTION: Revisions to Appendix C of OMB Circular A-94.
-----------------------------------------------------------------------
SUMMARY: The Office of Management and Budget revised Circular A-94 in
1992. The revised Circular specified certain discount rates to be
updated annually when the interest rate and inflation assumptions used
to prepare the budget of the United States Government were changed.
These discount rates are found in Appendix C of the revised Circular.
The updated discount rates are shown below. The discount rates in
Appendix C are to be used for cost-effectiveness analysis, including
lease-purchase analysis, as specified in the revised Circular. They do
not apply to regulatory analysis.
DATES: The revised discount rates are effective immediately and will be
in effect through January 2007.
FOR FURTHER INFORMATION CONTACT: Robert B. Anderson, Office of Economic
Policy, Office of Management and Budget, (202) 395-3381.
James D. Foster,
Associate Director for Economic Policy, Office of Management and
Budget.
Appendix C--Discount Rates for Cost-Effectiveness, Lease Purchase, and
Related Analyses
Revised January 2006.
Effective Dates. This appendix is updated annually around the
time of the President's budget submission to Congress. This version
of the appendix is valid through the end of January 2007. A copy of
the updated appendix can be obtained in electronic form through the
OMB home page at https://www.whitehouse.gov/omb/circulars/a094/
[[Page 4384]]
a94--appx-c.html, the text of the main body of the Circular is found
at https://www.whitehouse.gov/omb/circulars/a094/a094.html, and a
table of past years' rates is located at https://www.whitehouse.gov/
omb/circulars/a094/dischist-2006.pdf. Updates of the appendix are
also available upon request from OMB's Office of Economic Policy
(202-395-3381).
Nominal Discount Rates. A forecast of nominal or market interest
rates for 2006 based on the economic assumptions from the 2007
Budget are presented below. These nominal rates are to be used for
discounting nominal flows, which are often encountered in lease-
purchase analysis.
Nominal Interest Rates on Treasury Notes and Bonds of Specified Maturities
[In percent]
----------------------------------------------------------------------------------------------------------------
3-year 5-year 7-year 10-year 20-year 30-year
----------------------------------------------------------------------------------------------------------------
4.7 4.8 4.9 5.0 5.3 5.2
----------------------------------------------------------------------------------------------------------------
Real Discount Rates. A forecast of real interest rates from
which the inflation premium has been removed and based on the
economic assumptions from the 2007 Budget is presented below. These
real rates are to be used for discounting real (constant-dollar)
flows, as often required in cost-effectiveness analysis.
Real Interest Rates on Treasury Notes and Bonds of Specified Maturities
[In percent]
----------------------------------------------------------------------------------------------------------------
3-year 5-year 7-year 10-year 20-year 30-year
----------------------------------------------------------------------------------------------------------------
2.5 2.6 2.7 2.8 3.0 3.0
----------------------------------------------------------------------------------------------------------------
Analyses of programs with terms different from those presented
above may use a linear interpolation. For example, a four-year
project can be evaluated with a rate equal to the average of the
three-year and five-year rates. Programs with durations longer than
30 years may use the 30-year interest rate.
[FR Doc. E6-963 Filed 1-25-06; 8:45 am]
BILLING CODE 3110-01-P
