Revitalizing Base Closure Communities, Economic Development Conveyance Annual Financial Statement

Forms and Documents

Document	Type	Status	Availability
0790-0004 SS.doc	Supporting Statement A	Uploaded 2008-01-31	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
5656	Revitalizing Base Closure Communities, Economic Development Conveyance Annual Financial Statement		Modified

ICR Details

OMB Control No: 0790-0004	ICR Reference No: 200801-0790-001
Status: Historical Active	Previous ICR Reference No: 200405-0790-001
Agency/Subagency: DOD/OS	Agency Tracking No:
Title: Revitalizing Base Closure Communities, Economic Development Conveyance Annual Financial Statement
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/08/2008
	Date Received in OIRA: 01/31/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2011	36 Months From Approved	04/30/2008
Responses	79	0	79
Time Burden (Hours)	3,160	0	3,160
Cost Burden (Dollars)	987,500	0	0

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Abstract: Section 2821 of the National Defense Authorization Act for FY 2000 (Pub. L. 106-65) authorizes DoD to transfer base closure property to Local Reuse Authorities (LRAs) under Economic Development Conveyances (EDCs) at no cost to stimulate economic redevelopment and long-term job creation, and to modify existing EDCs. No cost EDC agreements require the LRA to reinvest proceeds from use of the EDC property for 7 years. The Military Departments require an annual financial statement certified by an independent CPA to monitor this provision. The annual reporting requirement may be modified for rural communities.

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Authorizing Statute(s): PL: Pub.L. 106 - 65 2821 Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 55179	09/28/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 6130	02/01/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Revitalizing Base Closure Communities, Economic Development Conveyance Annual Financial Statement

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	79	79	0	0	0	0
Annual Time Burden (Hours)	3,160	3,160	0	0	0	0
Annual Cost Burden (Dollars)	987,500	0	0	0	987,500	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $12,488

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 01/31/2008

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