Rail Depreciation Studies

ICR 202002-2140-006

OMB: 2140-0028

Federal Form Document

IC Document Collections
IC ID
Document
Title
Status
204362 Modified
ICR Details
2140-0028 202002-2140-006
Active 201602-2140-007
STB
Rail Depreciation Studies
Revision of a currently approved collection   No
Regular
Approved without change 04/28/2020
Retrieve Notice of Action (NOA) 02/28/2020
  Inventory as of this Action Requested Previously Approved
04/30/2023 36 Months From Approved 04/30/2020
7 0 7
875 0 3,500
175,000 0 262,500

Under 49 U.S.C. § 11143, railroads may only include, under operating expenses, depreciation charges for those classes of property for which the Board has prescribed a rate of depreciation. Pursuant to the Board's authority under § 11145, Class I (large) rail carriers are required to submit to the Board Rail Depreciation Studies. Information in these studies is not available from any other source. The Board uses the information in these studies to prescribe depreciation rates.

US Code: 49 USC 11145 Name of Law: Reports by rail carriers, lessors, and associations
  
None

Not associated with rulemaking

  84 FR 67990 12/12/2019
85 FR 11441 02/27/2020
No

1
IC Title Form No. Form Name
Rail Depreciation Studies

  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 7 7 0 0 0 0
Annual Time Burden (Hours) 875 3,500 0 -2,625 0 0
Annual Cost Burden (Dollars) 175,000 262,500 0 -87,500 0 0
No
Yes
Using Information Technology
Recently, the Board's staff reviewed respondents' time and costs to provide the required rail depreciation to the Board and determined that improvements in accounting, programming, and information technology (used by these large companies) has reduced both the hourly and non-hourly burdens on respondents. These changes are reflected in this ICR.

$0
No
    No
    No
No
No
No
Uncollected
Christopher Oehrle 202 245-0375 [email protected]

  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.
02/28/2020


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