Monthly Report of Excess Income and Annual Report of Uses of Excess Income

Forms and Documents

Document Name	Status
Supporting Statement A (3).docx Supporting Statement A	2013-06-26
42 USC 3535.docx Supplementary Document	2013-06-20
24 CFR 236.docx Supplementary Document	2013-06-20
24 CFR 236.60.docx Supplementary Document	2013-06-20
12 USC 1715z-1.docx Supplementary Document	2013-06-20

IC Document Collections

IC ID	Document Title	Status
27023	Monthly Report of Excess Income and Annual Report of Uses of Excess Income	Modified

ICR Details

OMB Control No: 2502-0086	ICR Reference No: 201305-2502-008
Status: Historical Active	Previous ICR Reference No: 201005-2502-001
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Monthly Report of Excess Income and Annual Report of Uses of Excess Income
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 with change	Conclusion Date: 09/11/2013
	Date Received in OIRA: 07/03/2013
Terms of Clearance: As shown by the changes to the collection, HUD shall accurately account for the burden to the Federal government.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2016	36 Months From Approved	09/30/2013
Responses	10,842	0	20,173
Time Burden (Hours)	3,128	0	5,493
Cost Burden (Dollars)	0	0	0

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Abstract: Project owners are permitted to retain Excess Income for projects under terms and conditions established by HUD. Owners must submit a written request to retain some or all their Excess Income. The request must be submitted at least 90 days before the beginning of each fiscal year, or 90 days before any other time during a fiscal year that the owner plans to begin retaining excess income for that fiscal year.

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Authorizing Statute(s): US Code: 42 USC 3543 Name of Law: The Housing and Community Development Act of 1987
   US Code: 12 USC 1715z-1 Name of Law: Rental Housing Projects
  

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:
	78 FR 18622	03/27/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 40313	07/03/2013
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
Monthly Report of Excess Income and Annual Report of Uses of Excess Income

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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	10,842	20,173	0	0	-9,331	0
Annual Time Burden (Hours)	3,128	5,493	0	0	-2,365	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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: The decrease in use of this data collection reflects the decline of active loans in the 236 program portfolio. These loans are thirty and forty years old, and paying out or refinancing at a rapid rate.

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Annual Cost to Federal Government: $36,976

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]? No

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

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 07/03/2013

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