FI-7-94 and FI-36-92 (Final) Arbitrage Restrictions on Tax-Exempt Bonds

ICR 200906-1545-017

OMB: 1545-1347

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-06-16
IC Document Collections
ICR Details
1545-1347 200906-1545-017
Historical Active 200604-1545-012
TREAS/IRS db-1347-017
FI-7-94 and FI-36-92 (Final) Arbitrage Restrictions on Tax-Exempt Bonds
Extension without change of a currently approved collection   No
Regular
Approved without change 08/09/2009
Retrieve Notice of Action (NOA) 06/29/2009
  Inventory as of this Action Requested Previously Approved
08/31/2012 36 Months From Approved 08/31/2009
3,100 0 3,100
42,050 0 42,050
0 0 0

The Code limits the ability of state and local government issuers of tax-exempt bonds to earn and/or keep arbitrage profits earned with bond proceeds. This regulation requires recordkeeping of certain interest rate hedges so that the hedges are taken into account in determining those profits.

US Code: 26 USC 144 Name of Law: Qualified Small Issue Bond; Qualified Student Loan Bond; Qualified Redevelopment Bond
  
None

Not associated with rulemaking

  74 FR 11815 03/19/2009
74 FR 30677 06/26/2009
No

1
IC Title Form No. Form Name
FI-7-94 and FI-36-92 (Final) Arbitrage Restrictions on Tax-Exempt Bonds

  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 3,100 3,100 0 0 0 0
Annual Time Burden (Hours) 42,050 42,050 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
No
Uncollected
Rebecca Harrigal 202 622-3980

  No

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.
06/29/2009


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