81 FR 11201 - Agency Information Collection Activities; Comment Request; Financial Report for the Endowment Challenge Grant Program and Institutional Service Endowment Activities

DEPARTMENT OF EDUCATION

Federal Register Volume 81, Issue 42 (March 3, 2016)

In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 3501 et seq.), ED is proposing a revision of an existing information collection.

[Federal Register Volume 81, Number 42 (Thursday, March 3, 2016)]
[Notices]
[Pages 11201-11202]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-04675]


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DEPARTMENT OF EDUCATION

[Docket No.: ED-2016-ICCD-0026]


Agency Information Collection Activities; Comment Request; 
Financial Report for the Endowment Challenge Grant Program and 
Institutional Service Endowment Activities

AGENCY: Office of Postsecondary Education (OPE), Department of 
Education (ED).

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995 (44 
U.S.C. chapter 3501 et seq.), ED is proposing a revision of an existing 
information collection.

DATES: Interested persons are invited to submit comments on or before 
May 2, 2016.

ADDRESSES: To access and review all the documents related to the 
information collection listed in this notice, please use http://www.regulations.gov by searching the Docket ID number ED-2016-ICCD-
0026. Comments submitted in response to this notice should be submitted 
electronically through the Federal eRulemaking Portal at http://www.regulations.gov by selecting the Docket ID number or via postal 
mail, commercial delivery, or hand delivery. Please note that comments 
submitted by fax or email and those submitted after the comment period 
will not be accepted. Written requests for information or comments 
submitted by postal mail or delivery should be addressed to the 
Director of the Information Collection Clearance Division, U.S. 
Department of Education, 400 Maryland Avenue SW., LBJ, Room 2E-103, 
Washington, DC 20202-4537.

FOR FURTHER INFORMATION CONTACT: For specific questions related to 
collection activities, please contact Christopher McCormick, 202-502-
7580.

SUPPLEMENTARY INFORMATION: The Department of Education (ED), in 
accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 
3506(c)(2)(A)), provides the general public and Federal agencies with 
an opportunity to comment on proposed, revised, and continuing 
collections of information. This helps the Department

[[Page 11202]]

assess the impact of its information collection requirements and 
minimize the public's reporting burden. It also helps the public 
understand the Department's information collection requirements and 
provide the requested data in the desired format. ED is soliciting 
comments on the proposed information collection request (ICR) that is 
described below. The Department of Education is especially interested 
in public comment addressing the following issues: (1) Is this 
collection necessary to the proper functions of the Department; (2) 
will this information be processed and used in a timely manner; (3) is 
the estimate of burden accurate; (4) how might the Department enhance 
the quality, utility, and clarity of the information to be collected; 
and (5) how might the Department minimize the burden of this collection 
on the respondents, including through the use of information 
technology. Please note that written comments received in response to 
this notice will be considered public records.
    Title of Collection: Financial Report for the Endowment Challenge 
Grant Program & Institutional Service Endowment Activities.
    OMB Control Number: 1840-0564.
    Type of Review: A revision of an existing information collection.
    Respondents/Affected Public: Private Sector.
    Total Estimated Number of Annual Responses: 2,500.
    Total Estimated Number of Annual Burden Hours: 3,125.
    Abstract: This financial reporting form will be utilized for Title 
III Part A, Title III Part B and Title V Program Endowment Activities 
and Title III Part C Endowment Challenge Grant Program. The purpose of 
this Annual Financial Report is to have the grantees report annually 
the kind of investments that have been made, the income earned and 
spent, and whether any part of the Endowment Fund Corpus has been 
spent. This information allows us to give technical assistance and 
determine whether the grantee has complied with the statutory and 
regulatory investment requirements. This collection is being submitted 
as a revision because several small items have been added to the 
reporting form. These new items are intended to clarify questions 
already included in previous versions of this form and are not expected 
to add any significant burden for respondents.

    Dated: February 29, 2016.
Kate Mullan,
Acting Director, Information Collection Clearance Division, Office of 
the Chief Privacy Officer, Office of Management.
[FR Doc. 2016-04675 Filed 3-2-16; 8:45 am]
 BILLING CODE 4000-01-P