This is a new
collection based on a recently completed rule- making. The FCC will
promulgate specific guidance to LECs after determining that a
Represcription of Rate of Returns is required. FCC will provide OMB
with copies of these materials. FCC will also notify OMB of
requirements for electronic filing and expected percentage of
materials that will be filed in this fashion.
Inventory as of this Action
Requested
Previously Approved
08/31/1998
08/31/1998
5
0
0
50,000
0
0
0
0
0
The Order revises the part 65 rules
governing the procedures and methodologies for prescribing and
enforcing the rate of return for certain LECs. Specifically, the
Order replaces the existing rule, which initiates represcription
proceedings biennially, with a semiautomatic trigger activated by
changes in capital cost; modifies the paper hearing rules set out
in part 65; streamlines the methodologies used to estimate the cost
of capital; and removes the automatic refund rule.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.