Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation, 42894 [06-6518]

Download as PDF 42894 Federal Register / Vol. 71, No. 145 / Friday, July 28, 2006 / Notices data is used to verify the correctness of the separate tax. Form 4972 is also used to make the special 20% capital gain election attributable to pre-1974 participation from the lump-sum distribution. Respondents: Business or other forprofit, individuals and households. Estimated Total Burden Hours: 95,520 hours. OMB Number: 1545–0144. Type of Review: Revision. Title: Undistributed Capital Gains Tax Return. Form: 2438. Description: Form 2438 is used by regulated investment companies to figure capital gains tax on undistributed capital gains designated under IRC section 852(b)3(D). IRS uses this information to determine the correct tax. Respondents: Businesses, individuals and households. Estimated Total Burden Hours: 879 hours. OMB Number: 1545–1837. Type of Review: Extension. Title: Revenue Procedure 2003–36, Industry Issue Program. Description: Revenue Procedure 2003–36 describes the procedures for business taxpayers, industry associations, and other representing business taxpayers to submit issues for resolution under the IRS’s Industry Issues Resolution Program. Respondents: Business or other forprofit institutions. Estimated Total Burden Hours: 2,000 hours. Clearance Officer: Glenn P. Kirkland (202) 622–3428, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. OMB Reviewer: Alexander T. Hunt (202) 395–7316, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. percentage rate to be used in assessing interest charges for outstanding debts owed to the Government. Treasury’s Cash Management Requirements (1 TFM 6–8000) prescribe use of this rate by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, 5 CFR 1315.8 of the Prompt Payment rule on ‘‘Rebates’’ requires that this rate be used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate. Notice is hereby given that the applicable rate is 4.00 percent for the remainder of the calendar year. DATES: The rate will be in effect for the period beginning on July 1, 2006, and ending on December 31, 2006. FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the Agency Enterprise Solutions Division, Financial Management Service, Department of the Treasury, 401 14th Street, SW., Washington, DC 20227 (Telephone: 202–874–6650). SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds to the Treasury for use in connection with Federal Cash Management systems and is based on investment rates set for purposes of Public Law 95–147, 91 Stat. 1227. The rate is computed each year by averaging Treasury Tax and Loan (TT&L) investment rates for the 12month period ending every September 30, rounded to the nearest whole percentage, for applicability effective each January 1. The rate is subject to quarterly revisions if the annual average, on a moving basis, changes by 2 percentage points, which is the case for the quarter ending June 30, 2006. Therefore, the rate in effect for the period July 1, 2006 through December 31, 2006 reflects the average investment rates for the 12-month period that ended June 30, 2006. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. E6–12076 Filed 7–27–06; 8:45 am] Dated: July 18, 2006. Gary Grippo, Assistant Commissioner, Federal Finance. [FR Doc. 06–6518 Filed 7–27–06; 8:45 am] BILLING CODE 4830–01–P BILLING CODE 4810–35–M DEPARTMENT OF THE TREASURY Fiscal Service DEPARTMENT OF VETERANS AFFAIRS Notice of Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation [OMB Control No. 2900–0377] Financial Management Service, Fiscal Service, Treasury. SUMMARY: Pursuant to Section 11 of the Debt Collection Act of 1982, as amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible for computing and publishing the rwilkins on PROD1PC63 with NOTICES AGENCY: VerDate Aug<31>2005 20:17 Jul 27, 2006 Jkt 208001 Proposed Information Collection Activity: Proposed Collection; Comment Request Veterans Benefits Administration, Department of Veterans Affairs. ACTION: Notice. AGENCY: PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 SUMMARY: The Veterans Benefits Administration (VBA), Department of Veterans Affairs (VA), is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including each proposed extension of a currently approved collection, and allow 60 days for public comment in response to the notice. This notice solicits comments on information needed to repurchase a default loan. Written comments and recommendations on the proposed collection of information should be received on or September 26, 2006. DATES: Submit written comments on the collection of information to Nancy J. Kessinger, Veterans Benefits Administration (20M35), Department of Veterans Affairs, 810 Vermont Avenue, NW., Washington, DC 20420 or mailto:irmnkess@vba.va.gov. Please refer to ‘‘OMB Control No. 2900–0377’’ in any correspondence. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Nancy J. Kessinger at (202) 273–7079 or FAX (202) 275–5947. Under the PRA of 1995 (Pub. L. 104–13; 44 U.S.C. 3501–3521), Federal agencies must obtain approval from the Office of Management and Budget (OMB) for each collection of information they conduct or sponsor. This request for comment is being made pursuant to Section 3506(c)(2)(A) of the PRA. With respect to the following collection of information, VBA invites comments on: (1) Whether the proposed collection of information is necessary for the proper performance of VBA’s functions, including whether the information will have practical utility; (2) the accuracy of VBA’s estimate of the burden of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or the use of other forms of information technology. Title: Claim for Repurchase of Loan, VA Form 26–8084. OMB Control Number: 2900–0377. Type of Review: Extension of a currently approved collection. Abstract: Holders of delinquent vendee accounts guaranteed by VA SUPPLEMENTARY INFORMATION: E:\FR\FM\28JYN1.SGM 28JYN1

Agencies

[Federal Register Volume 71, Number 145 (Friday, July 28, 2006)]
[Notices]
[Page 42894]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-6518]


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DEPARTMENT OF THE TREASURY

Fiscal Service


Notice of Rate for Use in Federal Debt Collection and Discount 
and Rebate Evaluation

AGENCY: Financial Management Service, Fiscal Service, Treasury.

SUMMARY: Pursuant to Section 11 of the Debt Collection Act of 1982, as 
amended, (31 U.S.C. 3717), the Secretary of the Treasury is responsible 
for computing and publishing the percentage rate to be used in 
assessing interest charges for outstanding debts owed to the 
Government. Treasury's Cash Management Requirements (1 TFM 6-8000) 
prescribe use of this rate by agencies as a comparison point in 
evaluating the cost-effectiveness of a cash discount. In addition, 5 
CFR 1315.8 of the Prompt Payment rule on ``Rebates'' requires that this 
rate be used in determining when agencies should pay purchase card 
invoices when the card issuer offers a rebate. Notice is hereby given 
that the applicable rate is 4.00 percent for the remainder of the 
calendar year.

DATES: The rate will be in effect for the period beginning on July 1, 
2006, and ending on December 31, 2006.

FOR FURTHER INFORMATION CONTACT: Inquiries should be directed to the 
Agency Enterprise Solutions Division, Financial Management Service, 
Department of the Treasury, 401 14th Street, SW., Washington, DC 20227 
(Telephone: 202-874-6650).

SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds 
to the Treasury for use in connection with Federal Cash Management 
systems and is based on investment rates set for purposes of Public Law 
95-147, 91 Stat. 1227. The rate is computed each year by averaging 
Treasury Tax and Loan (TT&L) investment rates for the 12-month period 
ending every September 30, rounded to the nearest whole percentage, for 
applicability effective each January 1. The rate is subject to 
quarterly revisions if the annual average, on a moving basis, changes 
by 2 percentage points, which is the case for the quarter ending June 
30, 2006. Therefore, the rate in effect for the period July 1, 2006 
through December 31, 2006 reflects the average investment rates for the 
12-month period that ended June 30, 2006.

    Dated: July 18, 2006.
Gary Grippo,
Assistant Commissioner, Federal Finance.
[FR Doc. 06-6518 Filed 7-27-06; 8:45 am]
BILLING CODE 4810-35-M

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