95-15447. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 60, Number 121 (Friday, June 23, 1995)]
[Notices]
[Pages 32731-32732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15447]



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DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for 
Review

June 12, 1995.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1980, Public Law 96-511. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

    OMB Number: 1545-1262.
    Form Number: IRS Form 8038-Q.
    Type of Review: Reinstatement. [[Page 32732]] 
    Title: Issuer's Information Return for Qualified Mortgage Bonds 
(QMBs).
    Description: Form 8038-Q is used by issuers of qualified mortgage 
bonds to report information to the Internal Revenue Service applicable 
to each federally-subsidized mortgage loan financed through the 
issuance of a bond and to furnish certain required information to the 
mortgagors (borrowers). These issuers include state and local 
governments.
    Respondents: State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 74,500.
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--5 hr., 30 min.
    Learning about the law or the form--2 hr., 23 min.
    Preparing, Copying, assembling, and sending the form to the IRS and 
to the borrower or holder--2 hr., 35 min.
    Frequency of Response: Other (a filing for each federally-
subsidized mortgage granted).
    Estimated Total Reporting/Recordkeeping Burden: 1,673,600 hours.
    Clearance Officer: Garrick Shear, [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC 
20224.
    OMB Reviewer: Milo Sunderhauf, [phone], Office of Management 
and Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 95-15447 Filed 6-22-95; 8:45 am]
BILLING CODE 4830-01-P