Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension of Employee Retirement Income Security Act Prohibited Transaction Class Exemption 96-62, Process for Expedited Approval of an Exemption for Prohibited Transaction, 19791-19792 [2011-8434]
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Federal Register / Vol. 76, No. 68 / Friday, April 8, 2011 / Notices
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension
of Employee Retirement Income
Security Act Class Exemption 81–8 for
Investment of Plan Assets in Certain
Types of Short-Term Investments
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled,
‘‘Employee Retirement Income Security
Act Class Exemption 81–8 for
Investment of Plan Assets in Certain
Types of Short-Term Investments,’’ to
the Office of Management and Budget
(OMB) for review and approval for
continued use in accordance with the
Paperwork Reduction Act of 1995 (Pub.
L. 104–13, 44 U.S.C. chapter 35).
DATES: Submit comments on or before
May 9, 2011.
ADDRESSES: A copy of this ICR, with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained from the RegInfo.gov
Web site, https://www.reginfo.gov/
public/do/PRAMain, on the day
following publication of this notice or
by contacting Michel Smyth by
telephone at 202–693–4129 (this is not
a toll-free number) or sending an e-mail
to DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request
to the Office of Information and
Regulatory Affairs, Attn: OMB Desk
Officer for the Department of Labor,
Employee Benefits Security
Administration (EBSA), Office of
Management and Budget, Room 10235,
Washington, DC 20503, Telephone:
202–395–6929/Fax: 202–395–6881
(these are not toll-free numbers), e-mail:
OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION: Contact
Michel Smyth by telephone at 202–693–
4129 (this is not a toll-free number) or
by e-mail at
DOL_PRA_PUBLIC@dol.gov.
SUMMARY:
Employee
Retirement Income Security Act Class
Exemption 81–8 permits the investment
of plan assets that involve the purchase
or other acquisition, holding, sale,
exchange or redemption by or on behalf
of an employee benefit plan of certain
types of short-term investments. The
Department has included in the class
srobinson on DSKHWCL6B1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
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16:41 Apr 07, 2011
Jkt 223001
exemption two basic disclosure
requirements. Both affect only the
portion of the exemption dealing with
repurchase agreements. The first
requirement calls for the repurchase
agreements between the seller and the
plan to be in writing. The repurchase
agreements have a duration of one year
or less and may be in the form of a
blanket agreement that covers the
transactions for the year. The written
agreement is intended to put the plan on
notice of possible fees associated with
the redemption of open-end mutual
fund shares. The second requirement
obliges the seller of such repurchase
agreements to provide the most recent
financial statements to the plan at the
time of the sale and as the statements
are issued. The seller must also
represent, either in the repurchase
agreement or prior to each repurchase
agreement transaction, that as of the
time the transaction is negotiated, there
has been no material adverse change in
the seller’s financial condition since the
date the most recent financial statement
was furnished that has not been
disclosed to the plan fiduciary with
whom the written agreement is made.
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information if the
collection of information does not
display a valid OMB control number.
See 5 CFR 1320.5(a) and 1320.6. The
DOL obtains OMB approval for this
information collection under OMB
Control Number 1210–0061. The current
OMB approval is scheduled to expire on
April 30, 2011; however, it should be
noted that information collections
submitted to the OMB receive a monthto-month extension while they undergo
review. For additional information, see
the related notice published in the
Federal Register on November 10, 2010
(75 FR 69130).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within 30 days of publication of
this notice in the Federal Register. In
order to ensure appropriate
consideration, comments should
reference OMB Control Number 1210–
0061. The OMB is particularly
interested in comments that:
PO 00000
Frm 00052
Fmt 4703
Sfmt 4703
19791
• 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;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: Employee Benefits Security
Administration (EBSA).
Title of Collection: Employee
Retirement Income Security Act Class
Exemption 81–8 for Investment of Plan
Assets in Certain Types of Short-Term
Investments.
OMB Control Number: 1210–0061.
Affected Public: Private Sector—
Businesses or other for-profits.
Total Estimated Number of
Respondents: 61,000.
Total Estimated Number of
Responses: 305,000.
Total Estimated Annual Burden
Hours: 76,000.
Total Estimated Annual Costs Burden:
$87,000.
Dated: April 4, 2011.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2011–8385 Filed 4–7–11; 8:45 am]
BILLING CODE 4510–29–P
DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Extension
of Employee Retirement Income
Security Act Prohibited Transaction
Class Exemption 96–62, Process for
Expedited Approval of an Exemption
for Prohibited Transaction
ACTION:
Notice.
The Department of Labor
(DOL) is submitting the Employee
Benefits Security Administration
(EBSA) sponsored information
collection request (ICR) titled,
‘‘Employee Retirement Income Security
SUMMARY:
E:\FR\FM\08APN1.SGM
08APN1
19792
Federal Register / Vol. 76, No. 68 / Friday, April 8, 2011 / Notices
Act Prohibited Transaction Class
Exemption 96–62, Process for Expedited
Approval of an Exemption for
Prohibited Transaction,’’ to the Office of
Management and Budget (OMB) for
review and approval for continued use
in accordance with the Paperwork
Reduction Act of 1995 (Pub. L. 104–13,
44 U.S.C. chapter 35).
DATES: Submit comments on or before
May 9, 2011.
ADDRESSES: A copy of this ICR, with
applicable supporting documentation;
including a description of the likely
respondents, proposed frequency of
response, and estimated total burden
may be obtained from the RegInfo.gov
Web site, https://www.reginfo.gov/
public/do/PRAMain, on the day
following publication of this notice or
by contacting Michel Smyth by
telephone at 202–693–4129 (this is not
a toll-free number) or sending an e-mail
to DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request
to the Office of Information and
Regulatory Affairs, Attn: OMB Desk
Officer for the Department of Labor,
Employee Benefits Security
Administration (EBSA), Office of
Management and Budget, Room 10235,
Washington, DC 20503, Telephone:
202–395–6929/Fax: 202–395–6881
(these are not toll-free numbers), e-mail:
OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT:
Contact Michel Smyth by telephone at
202–693–4129 (this is not a toll-free
number) or by e-mail at
DOL_PRA_PUBLIC@dol.gov.
Prohibited
Transaction Class Exemption 96–62
provides for accelerated approval of an
exemption permitting a plan to engage
in a transaction which might otherwise
be prohibited following a demonstration
to the DOL that the transaction: (1) Is
substantially similar in all material
respects to at least two other
transactions for which the DOL recently
granted administrative relief from the
same restriction; and (2) presents little,
if any, opportunity for abuse or risk of
loss to a plan’s participants and
beneficiaries. Under the class
exemption, a party may proceed with a
transaction in as little as 78 days from
the acknowledgment of receipt by the
DOL of a written submission filed in
accordance with the terms of the class
exemption.
This information collection is subject
to the PRA. A Federal agency generally
cannot conduct or sponsor a collection
of information, and the public is
generally not required to respond to an
srobinson on DSKHWCL6B1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Mar<15>2010
16:41 Apr 07, 2011
Jkt 223001
information collection, unless it is
approved by the OMB under the PRA
and displays a currently valid OMB
Control Number. In addition,
notwithstanding any other provisions of
law, no person shall generally be subject
to penalty for failing to comply with a
collection of information if the
collection of information does not
display a valid OMB control number.
See 5 CFR 1320.5(a) and 1320.6. The
DOL obtains OMB approval for this
information collection under OMB
Control Number 1210–0098. The current
OMB approval is scheduled to expire on
April 30, 2011; however, it should be
noted that information collections
submitted to the OMB receive a monthto-month extension while they undergo
review. For additional information, see
the related notice published in the
Federal Register on November 10, 2010
(75 FR 69130).
Interested parties are encouraged to
send comments to the OMB, Office of
Information and Regulatory Affairs at
the address shown in the ADDRESSES
section within 30 days of publication of
this notice in the Federal Register. In
order to ensure appropriate
consideration, comments should
reference OMB Control Number 1210–
0098. The OMB is particularly
interested in comments that:
• 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;
• Evaluate the accuracy of the
agency’s estimate of the burden of the
proposed collection of information,
including the validity of the
methodology and assumptions used;
• Enhance the quality, utility, and
clarity of the information to be
collected; and
• Minimize the burden of the
collection of information on those who
are to respond, including through the
use of appropriate automated,
electronic, mechanical, or other
technological collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Agency: Employee Benefits Security
Administration (EBSA).
Title of Collection: Employee
Retirement Income Security Act
Prohibited Transaction Class Exemption
96–62, Process for Expedited Approval
of an Exemption for Prohibited
Transaction.
OMB Control Number: 1210–0098.
Affected Public: Private sector—
Businesses or other for-profits.
PO 00000
Frm 00053
Fmt 4703
Sfmt 4703
Total Estimated Number of
Respondents: 33.
Total Estimated Number of
Responses: 15,279.
Total Estimated Annual Burden
Hours: 295.
Total Estimated Annual Costs Burden:
$51,000.
Dated: April 5, 2011.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2011–8434 Filed 4–7–11; 8:45 am]
BILLING CODE 4510–29–P
LEGAL SERVICES CORPORATION
Notice of Intent To Award—Grant
Awards for the Provision of Civil Legal
Services to Eligible Clients in
Louisiana (Service Area LA–1)
Beginning June 2011
Legal Services Corporation.
Announcement of intention to
make FY 2011 Competitive Grant
Awards.
AGENCY:
ACTION:
The Legal Services
Corporation (LSC) hereby announces its
intention to award grants and contracts
to provide economical and effective
delivery of high quality civil legal
services to eligible clients in Louisiana
(service area LA–1) beginning June
2011. Service area LA–1 comprises the
following Louisiana parishes: Ascension
Parish, Assumption Parish, East Baton
Rouge Parish, East Feliciana Parish,
Iberville Parish, Lafourche Parish,
Pointe Coupee Parish, St. James Parish,
St. John the Baptist Parish, Terrebonne
Parish, West Baton Rouge Parish, and
West Feliciana Parish.
DATES: All comments and
recommendations must be received on
or before the close of business on May
9, 2011.
ADDRESSES: Legal Services
Corporation—Competitive Grants, Legal
Services Corporation; 3333 K Street,
NW., Third Floor; Washington, DC
20007.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Reginald Haley, Office of Program
Performance, at (202) 295–1545, or
haleyr@lsc.gov.
Pursuant
to LSC’s announcement of funding
availability on January 11, 2011 (76 FR
7), LSC intends to award funds to the
following organizations to provide civil
legal services in the indicated service
areas. Amounts are subject to change.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\08APN1.SGM
08APN1
]]>Agencies
[Federal Register Volume 76, Number 68 (Friday, April 8, 2011)]
[Notices]
[Pages 19791-19792]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-8434]
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DEPARTMENT OF LABOR
Office of the Secretary
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension of Employee Retirement Income
Security Act Prohibited Transaction Class Exemption 96-62, Process for
Expedited Approval of an Exemption for Prohibited Transaction
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of Labor (DOL) is submitting the Employee
Benefits Security Administration (EBSA) sponsored information
collection request (ICR) titled, ``Employee Retirement Income Security
[[Page 19792]]
Act Prohibited Transaction Class Exemption 96-62, Process for Expedited
Approval of an Exemption for Prohibited Transaction,'' to the Office of
Management and Budget (OMB) for review and approval for continued use
in accordance with the Paperwork Reduction Act of 1995 (Pub. L. 104-13,
44 U.S.C. chapter 35).
DATES: Submit comments on or before May 9, 2011.
ADDRESSES: A copy of this ICR, with applicable supporting
documentation; including a description of the likely respondents,
proposed frequency of response, and estimated total burden may be
obtained from the RegInfo.gov Web site, https://www.reginfo.gov/public/do/PRAMain, on the day following publication of this notice or by
contacting Michel Smyth by telephone at 202-693-4129 (this is not a
toll-free number) or sending an e-mail to DOL_PRA_PUBLIC@dol.gov.
Submit comments about this request to the Office of Information and
Regulatory Affairs, Attn: OMB Desk Officer for the Department of Labor,
Employee Benefits Security Administration (EBSA), Office of Management
and Budget, Room 10235, Washington, DC 20503, Telephone: 202-395-6929/
Fax: 202-395-6881 (these are not toll-free numbers), e-mail: OIRA_submission@omb.eop.gov.
FOR FURTHER INFORMATION CONTACT: Contact Michel Smyth by telephone at
202-693-4129 (this is not a toll-free number) or by e-mail at DOL_PRA_PUBLIC@dol.gov.
SUPPLEMENTARY INFORMATION: Prohibited Transaction Class Exemption 96-62
provides for accelerated approval of an exemption permitting a plan to
engage in a transaction which might otherwise be prohibited following a
demonstration to the DOL that the transaction: (1) Is substantially
similar in all material respects to at least two other transactions for
which the DOL recently granted administrative relief from the same
restriction; and (2) presents little, if any, opportunity for abuse or
risk of loss to a plan's participants and beneficiaries. Under the
class exemption, a party may proceed with a transaction in as little as
78 days from the acknowledgment of receipt by the DOL of a written
submission filed in accordance with the terms of the class exemption.
This information collection is subject to the PRA. A Federal agency
generally cannot conduct or sponsor a collection of information, and
the public is generally not required to respond to an information
collection, unless it is approved by the OMB under the PRA and displays
a currently valid OMB Control Number. In addition, notwithstanding any
other provisions of law, no person shall generally be subject to
penalty for failing to comply with a collection of information if the
collection of information does not display a valid OMB control number.
See 5 CFR 1320.5(a) and 1320.6. The DOL obtains OMB approval for this
information collection under OMB Control Number 1210-0098. The current
OMB approval is scheduled to expire on April 30, 2011; however, it
should be noted that information collections submitted to the OMB
receive a month-to-month extension while they undergo review. For
additional information, see the related notice published in the Federal
Register on November 10, 2010 (75 FR 69130).
Interested parties are encouraged to send comments to the OMB,
Office of Information and Regulatory Affairs at the address shown in
the ADDRESSES section within 30 days of publication of this notice in
the Federal Register. In order to ensure appropriate consideration,
comments should reference OMB Control Number 1210-0098. The OMB is
particularly interested in comments that:
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;
Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used;
Enhance the quality, utility, and clarity of the
information to be collected; and
Minimize the burden of the collection of information on
those who are to respond, including through the use of appropriate
automated, electronic, mechanical, or other technological collection
techniques or other forms of information technology, e.g., permitting
electronic submission of responses.
Agency: Employee Benefits Security Administration (EBSA).
Title of Collection: Employee Retirement Income Security Act
Prohibited Transaction Class Exemption 96-62, Process for Expedited
Approval of an Exemption for Prohibited Transaction.
OMB Control Number: 1210-0098.
Affected Public: Private sector--Businesses or other for-profits.
Total Estimated Number of Respondents: 33.
Total Estimated Number of Responses: 15,279.
Total Estimated Annual Burden Hours: 295.
Total Estimated Annual Costs Burden: $51,000.
Dated: April 5, 2011.
Michel Smyth,
Departmental Clearance Officer.
[FR Doc. 2011-8434 Filed 4-7-11; 8:45 am]
BILLING CODE 4510-29-P
