Interim Final Rule: Section 2821 of
the National Defense Authorization Act of FY 2000 (Pub. L. 106-65)
authorizes DoD to transfer base closure property to LRAs at no cost
to stimulate economic redevelopment and long-term job creation.
Existing EDC agreements also may be modified due to a change in
economic circumstances.s No cost EDC agreements require the LRA to
rein- vest proceeds from use of the EDC property, for a 7-year
period as documented in an annual financial statement certified by
an independent CPA. For rural communities, the Military Department
may modify the annual financial reporting requirement.
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.