Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Relating to Escrow Funds and Other Similar Funds, 68300-68301 [2019-26914]
Download as PDF
<![CDATA[
68300
Federal Register / Vol. 84, No. 240 / Friday, December 13, 2019 / Notices
including a description of any lien
release process that would occur prior
to closing on the RRIF loan to render
currently pledged collateral
unencumbered.
(vi) Environmental Clearance: Section
B6 and Attachment B–6 of the Letter of
Interest must demonstrate that either
NEPA review is complete or the project
qualifies for a Categorical Exclusion
under NEPA, in which case Attachment
B–6 must include a completed Federal
Railroad Administration Categorical
Exclusion worksheet with its Letter of
Interest. For projects involving
replacement of existing railroad bridges,
supporting documentation must be
provided that assesses the eligibility of
the bridge for listing in the National
Register of Historic Places and
addressing compliance with Section 106
of the National Historic Preservation
Act.
(vii) Domestic Preference: Section
B4(a) of the Letter of Interest must
demonstrate that the steel, iron, and
manufactured goods used in the project
will be produced in the United States in
accordance with the Federal Railroad
Administration ‘‘RRIF Buy America’’
policy, which follows 49 U.S.C.
24405(a). Projects that require a waiver
are not eligible for the RRIF Express
Program, however, prospective
borrowers can seek a loan from the
overall RRIF program for projects that
require a waiver.
(viii) Project Readiness: Section B4(c)
of the Letter of Interest must
demonstrate the prospective borrower’s
ability to commence the contracting
process for construction of the project
(e.g., issuance of a final RFP) by not
later than 90 days after the date on
which a RRIF credit instrument is
obligated for the project.
V. Letter of Interest Process and Review
and Next Steps
jbell on DSKJLSW7X2PROD with NOTICES
A. Submission of Letters of Interest
All prospective borrowers seeking
acceptance into the RRIF Express
Program should submit a Letter of
Interest following the instructions
described in this notice of funding
opportunity. The Letter of Interest
should be annotated with ‘‘RRIF
EXPRESS’’ immediately following the
Applicant Name in the SUMMARY
INFORMATION section on page one of the
Letter of Interest. The Letter of Interest
must, among other things:
(i) Describe the project and its
components, location, and purpose in
Section B, and include as Attachment
B–2 the project budget organized
according to construction elements from
preliminary engineering estimates, and
VerDate Sep<11>2014
17:42 Dec 12, 2019
Jkt 250001
including costs as appropriate for
property, vehicles, professional services,
allocated and unallocated contingency,
and finance charges;
(ii) Outline the proposed financial
plan in Section C, and include the
financial model, that addresses such
aspects as model assumptions, annual
cash flows, balance sheets, income
statements and repayment schedules for
the duration of the loan, as well as
coverage ratios and debt metrics. The
model should allow reviewers the
flexibility to evaluate scenarios in the
native spreadsheet (Microsoft Excel, or
equivalent) format and be included in
the application as Attachment C–1;
(iii) Provide information regarding
satisfaction of other statutory eligibility
requirements of the RRIF credit
program; and
(iv) Provide information regarding
satisfaction of the RRIF Express Program
eligibility criteria (as described in
Section IV above).
Prospective RRIF Express borrowers
should describe in Letter of Interest
Section D8 if the project will (1)
decrease transportation costs and
improve access, especially for rural
communities or communities in
Opportunity Zones,11 through reliable
and timely access to employment
centers and job opportunities; (2)
improve long-term efficiency, reliability
or costs in the movement of workers or
goods; (3) increase the economic
productivity of land, capital, or labor,
including assets in Opportunity Zones;
(4) result in long-term job creation and
other economic opportunities; or (5)
help the United States compete in a
global economy by facilitating efficient
and reliable freight movement. Projects
that bridge gaps in service in rural areas,
and projects that attract private
economic development, all support
local or regional economic
competitiveness.
Letters of Interest must be submitted
using the latest form on the Build
America Bureau website: https://
www.transportation.gov/content/buildamerica-bureau. Other RRIF Express
pilot program information including any
additional terms, conditions, and
requirements can be found on the Build
America Bureau website at: https://
www.transportation.gov/buildamerica/
rrif-express. The Bureau may contact a
prospective borrower for clarification of
specific information included in the
Letter of Interest. The Bureau will
review all Letters of Interest properly
11 See https://www.cdfifund.gov/Pages/
Opportunity-Zones.aspx for more information on
Opportunity Zones.
PO 00000
Frm 00201
Fmt 4703
Sfmt 4703
filed and received in the submission
time window provided herein.
B. Review and Evaluation
Each Letter of Interest that is properly
filed and received will be evaluated for
completeness and eligibility for the
RRIF Express Program using the criteria
in this notice. This initial step of the
review process will include (1) an
evaluation as to whether the proposed
project and applicant satisfy RRIF
statutory eligibility requirements, and
(2) an evaluation as to whether the
proposed project and applicant satisfy
the RRIF Express Program eligibility
criteria.
The Letters of Interest determined to
be eligible for the RRIF Express Program
will then be advanced to the Bureau’s
creditworthiness review process, which
is an in-depth creditworthiness review
of the project sponsor and the revenue
stream proposed to repay the RRIF
credit assistance as described in the
Programs Guide. The Secretary reserves
the right to limit the number of
applications from a single entity or
subordinates of a single parent or
holding company. Prospective RRIF
borrowers whose RRIF Express Program
Letters of Interest are determined to be
ineligible, but whose projects are
otherwise statutorily eligible for
standard RRIF credit assistance, have
the option to be considered under the
overall RRIF program.
Issued in Washington, DC, on November
12, 2019.
Elaine L. Chao,
Secretary of Transportation.
[FR Doc. 2019–26743 Filed 12–12–19; 8:45 am]
BILLING CODE 4910–9X–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
Relating to Escrow Funds and Other
Similar Funds
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the 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. Currently, the IRS is
SUMMARY:
E:\FR\FM\13DEN1.SGM
13DEN1
Federal Register / Vol. 84, No. 240 / Friday, December 13, 2019 / Notices
soliciting comments concerning the
burden related to requirements that
escrow accounts, settlement funds, and
similar funds be subject to current
taxation either as grantor trusts or
otherwise.
Written comments should be
received on or before January 13, 2020
to be assured of consideration.
ADDRESSES: Direct all written comments
to Philippe Thomas, Internal Revenue
Service, Room 6529, 1111 Constitution
Avenue NW, Washington, DC 20224.
Requests for additional information or
copies of the regulations should be
directed to R. Joseph Durbala, at Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW, Washington,
DC 20224, or through the internet, at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Escrow Funds and Other
Similar Funds.
OMB Number: 1545–1631.
Regulation Project Number: TD 9249.
Abstract: This document contains
final regulations relating to the taxation
and reporting of income earned on
qualified settlement funds and certain
other escrow accounts, trusts, and
funds, and other related rules. The final
regulations affect qualified settlement
funds, escrow accounts established in
connection with sales of property,
disputed ownership funds, and the
parties to these escrow accounts, trusts,
and funds.
Current Actions: There is no change to
the burden previously approved by
OMB. This form is being submitted for
renewal purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, not-for-profit institutions
and Federal, state, local or tribal
governments.
Estimated Number of Respondents:
9,300.
Estimated Time per Respondent: 24
min.
Estimated Total Annual Burden
Hours: 3,720.
The following paragraph applies to all
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 if their contents may become
material in the administration of any
internal revenue law. Generally, tax
returns and tax return information are
jbell on DSKJLSW7X2PROD with NOTICES
DATES:
VerDate Sep<11>2014
17:42 Dec 12, 2019
Jkt 250001
confidential, as required by 26 U.S.C.
6103.
Desired Focus of Comments: The
Internal Revenue Service (IRS) 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 using
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., by
permitting electronic submissions of
responses.
Comments submitted in response to
this notice will be summarized and/or
included in the ICR for OMB approval
of the extension of the information
collection; they will also become a
matter of public record.
Approved: December 10, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019–26914 Filed 12–12–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
Pilot Program for Dental Health Care
Access
Department of Veterans Affairs.
Notice of Intent and request for
comments.
AGENCY:
ACTION:
Upon Congressional approval,
VA intends to develop and implement
a pilot program designed to increase
veteran access to health care and
support services at no additional cost to
VA or veterans. The initial
demonstration project VA proposes
under this pilot program is to improve
dental health care access for veterans by
connecting them with communitybased, pro bono or discounted, dental
service providers. The objective of this
pilot demonstration is to improve
overall health by increasing access to
dental services for enrolled veterans
currently ineligible for dental services
SUMMARY:
PO 00000
Frm 00202
Fmt 4703
Sfmt 4703
68301
through VA. Improving the state of
veteran health will be evaluated through
assessment of emergency medical care
visits. Thus, the anticipated impact of
this pilot program is to improve quality
of health while decreasing health care
related costs associated with the
provision of emergency care.
ADDRESSES: Written comments may be
submitted through https://
www.regulations.gov; by mail or hand
delivery to the Director, Office of
Regulation Policy and Management
(00REG), Department of Veterans
Affairs, 810 Vermont Avenue NW,
Room 1064, Washington, DC 20420; or
by fax to 202–273–9026. Comments
should indicate that they are submitted
in response to ‘‘Notice of Intent and
request for comments’’. During the
comment period, comments may also be
viewed online through the Federal
Docket Management System at
www.regulations.gov.
DATES: Comments must be received on
or before January 13, 2020.
FOR FURTHER INFORMATION CONTACT:
Michael Akinyele, MBA, SES, VA Chief
Innovation Officer, VA Innovation
Center (VIC) (008E), Office of Enterprise
Integration, 810 Vermont Ave. NW,
Washington, DC 20420. Email:
innovation@va.gov; Phone: (202) 461–
0462. (This is not a toll-free number.)
SUPPLEMENTARY INFORMATION:
1. Introduction
On June 6, 2018, section 152 of Public
Law 115–182, the John S. McCain III,
Daniel K. Akaka, and Samuel R. Johnson
VA Maintaining Internal Systems and
Strengthening Integrated Outside
Networks Act of 2018, or the VA
MISSION Act of 2018 (hereinafter the
MISSION Act), amended title 38 of the
United States Code (U.S.C.) by adding a
new section 1703E, Center for
Innovation for Care and Payment (the
Center). Section 1703E(f) allows VA to
waive requirements in subchapters I, II,
and III of chapter 17, title 38, U.S.C., as
VA determines necessary for the
purposes of carrying out pilot programs
under this section. Before waiving any
such authority, VA will submit to
Congress a report on a request for a
waiver that describes the specific
authorities to be waived, the standard or
standards to be used in lieu of the
waived authorities, the reasons for such
waiver or waivers, and other matters
including metrics, cost estimates (both
budgets and savings), and schedules.
VA published a proposed rule (RIN
2900–AQ56) on the Center on July 29,
2019 (84 FR 36507). VA published a
final rule implementing its authority on
October 25, 2019 (84 FR 57327); this
E:\FR\FM\13DEN1.SGM
13DEN1
]]>Agencies
[Federal Register Volume 84, Number 240 (Friday, December 13, 2019)]
[Notices]
[Pages 68300-68301]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26914]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request Relating to Escrow Funds and Other
Similar Funds
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is
[[Page 68301]]
soliciting comments concerning the burden related to requirements that
escrow accounts, settlement funds, and similar funds be subject to
current taxation either as grantor trusts or otherwise.
DATES: Written comments should be received on or before January 13,
2020 to be assured of consideration.
ADDRESSES: Direct all written comments to Philippe Thomas, Internal
Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC
20224. Requests for additional information or copies of the regulations
should be directed to R. Joseph Durbala, at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224, or
through the internet, at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Escrow Funds and Other Similar Funds.
OMB Number: 1545-1631.
Regulation Project Number: TD 9249.
Abstract: This document contains final regulations relating to the
taxation and reporting of income earned on qualified settlement funds
and certain other escrow accounts, trusts, and funds, and other related
rules. The final regulations affect qualified settlement funds, escrow
accounts established in connection with sales of property, disputed
ownership funds, and the parties to these escrow accounts, trusts, and
funds.
Current Actions: There is no change to the burden previously
approved by OMB. This form is being submitted for renewal purposes
only.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions and Federal, state,
local or tribal governments.
Estimated Number of Respondents: 9,300.
Estimated Time per Respondent: 24 min.
Estimated Total Annual Burden Hours: 3,720.
The following paragraph applies to all 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 if 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.
Desired Focus of Comments: The Internal Revenue Service (IRS) 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 using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.
Approved: December 10, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019-26914 Filed 12-12-19; 8:45 am]
BILLING CODE 4830-01-P
