Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Financial Report for the Endowment Challenge Grant Program & Institutional Service Endowment Activities, 27422 [2016-10697]

Agencies

• DEPARTMENT OF EDUCATION

[Federal Register Volume 81, Number 88 (Friday, May 6, 2016)]
[Notices]
[Page 27422]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-10697]



[[Page 27422]]

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DEPARTMENT OF EDUCATION

[Docket No.: ED-2016-ICCD-0026]


Agency Information Collection Activities; Submission to the 
Office of Management and Budget for Review and Approval; Comment 
Request; Financial Report for the Endowment Challenge Grant Program & 
Institutional Service Endowment Activities

AGENCY: Office of Postsecondary Education (OPE), Department of 
Education (ED).

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 3501 et seq.), ED is proposing a revision of an existing 
information collection.

DATES: Interested persons are invited to submit comments on or before 
June 6, 2016.

ADDRESSES: To access and review all the documents related to the 
information collection listed in this notice, please use https://www.regulations.gov by searching the Docket ID number ED-2016-ICCD-
0026. Comments submitted in response to this notice should be submitted 
electronically through the Federal eRulemaking Portal at https://www.regulations.gov by selecting the Docket ID number or via postal 
mail, commercial delivery, or hand delivery. Please note that comments 
submitted by fax or email and those submitted after the comment period 
will not be accepted. Written requests for information or comments 
submitted by postal mail or delivery should be addressed to the 
Director of the Information Collection Clearance Division, U.S. 
Department of Education, 400 Maryland Avenue SW., LBJ, Room 2E-103, 
Washington, DC 20202-4537.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Christopher McCormick, 202-502-
7580.

SUPPLEMENTARY INFORMATION: The Department of Education (ED), in 
accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 
3506(c)(2)(A)), provides the general public and Federal agencies with 
an opportunity to comment on proposed, revised, and continuing 
collections of information. This helps the Department assess the impact 
of its information collection requirements and minimize the public's 
reporting burden. It also helps the public understand the Department's 
information collection requirements and provide the requested data in 
the desired format. ED is soliciting comments on the proposed 
information collection request (ICR) that is described below. The 
Department of Education is especially interested in public comment 
addressing the following issues: (1) Is this collection necessary to 
the proper functions of the Department; (2) will this information be 
processed and used in a timely manner; (3) is the estimate of burden 
accurate; (4) how might the Department enhance the quality, utility, 
and clarity of the information to be collected; and (5) how might the 
Department minimize the burden of this collection on the respondents, 
including through the use of information technology. Please note that 
written comments received in response to this notice will be considered 
public records.
    Title of Collection: Financial Report for the Endowment Challenge 
Grant Program & Institutional Service Endowment Activities.
    OMB Control Number: 1840-0564.
    Type of Review: A revision of an existing information collection.
    Respondents/Affected Public: Private Sector.
    Total Estimated Number of Annual Responses: 2,500.
    Total Estimated Number of Annual Burden Hours: 3,125.
    Abstract: This financial reporting form will be utilized for Title 
III Part A, Title III Part B and Title V Program Endowment Activities 
and Title III Part C Endowment Challenge Grant Program. The purpose of 
this Annual Financial Report is to have the grantees report annually 
the kind of investments that have been made, the income earned and 
spent, and whether any part of the Endowment Fund Corpus has been 
spent. This information allows us to give technical assistance and 
determine whether the grantee has complied with the statutory and 
regulatory investment requirements. This collection is being submitted 
as a revision because several small items have been added to the 
reporting form. These new items are intended to clarify questions 
already included in previous versions of this form and are not expected 
to add any significant burden for respondents.

Kate Mullan,
 Acting Director, Information Collection Clearance Division, Office of 
the Chief Privacy Officer, Office of Management.
[FR Doc. 2016-10697 Filed 5-5-16; 8:45 am]
 BILLING CODE 4000-01-P