Federal Register / Vol. 72, No. 14 / Tuesday, January 23, 2007 / Notices 2923 

Abstract: The Safe, Accountable, 

Flexible Efficient Transportation Equity 

Act—A Legacy for Users (SAFETEA–

LU; H.R. 3, Section 5601) requires the 

BTS to provide ‘‘data, statistics, and 

analysis to transportation decisionmakers’’ and to ensure that the statistics 

‘‘are designed to support transportation 

decision-making by the Federal 

Government, State and local 

governments, metropolitan planning 

organizations, transportation-related 

associations, the private sector 

(including the freight community), and 

the public.’’ The Survey of State 

Funding for Public Transportation 

provides data that are used to create an 

annual summary report of state funding 

for transit in the 50 states and the 

District of Columbia. Each state DOT 

will provide the source of funding for 

transit programs (e.g., gas tax, sales tax, 

license fees), the programs funded (e.g., 

bus operations, rail operations), the 

amount of funding per program, the 

eligible uses for the funding (capital 

expenses, operating expenses, both), 

and how funds are distributed 

(discretionary, formula-based). The 

information in this report is widely used 

and is requested by Congress, state 

legislatures and local governing bodies. 

The information is useful in showing 

state comparisons in types of public 

transportation programs as well as 

commitment to fund public 

transportation capital and operating 

costs. 

ADDRESSES: The agency seeks public 

comments on its proposed information 

collection. Comments should address 

whether the information will have 

practical utility; the accuracy of the 

agency’s estimate of the burden of the 

proposed information collection; ways 

to enhance the quality, utility and 

clarity of the information to be 

collected; and ways to minimize the 

burden of the collection of information 

on respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

Send comments to the Office of 

Information and Regulatory Affairs, 

Office of Management and Budget, 725–

17th Street, NW., Washington, DC 

20503, Attention: RITA Desk Officer. 

Issued in Washington, DC on this 17th day 

of January, 2007. 

William Bannister, 

Assistant Director, Office of Advanced 

Studies, Research and Advanced Technology 

Administration, Bureau of Transportation 

Statistics, U.S. Department of Transportation. 

[FR Doc. E7–912 Filed 1–22–07; 8:45 am] 

BILLING CODE 4910–HY–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[FI–46–89] 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning an 

existing final regulation, FI–46–89 (T.D. 

8641), Treatment of Acquisition of 

Certain Financial Institutions; Certain 

Tax Consequences of Federal Financial 

Assistance to Financial Institutions 

(§§ 1.597–2 and 1.597–4, 1.597–6 and 

1.597–7). 

DATES: Written comments should be 

received on or before March 26, 2007 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Glenn P. Kirkland, Internal Revenue 

Service, Room 6516, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulation should be 

directed to Carolyn N. Brown at (202) 

622–6688, or Carolyn.N.Brown@irs.gov, 

or Internal Revenue Service, Room 

6516, 1111 Constitution Avenue, NW., 

Washington, DC 20224. 

SUPPLEMENTARY INFORMATION: 

Title: Treatment of Acquisition of 

Certain Financial Institutions; Certain 

Tax Consequences of Federal Financial 

Assistance to Financial Institutions. 

OMB Number: 1545–1300. 

Regulation Project Number: FI–46–89. 

Abstract: Recipients of Federal 

financial assistance (FFA) must 

maintain an account of FFA that is 

deferred from inclusion in gross income 

and subsequently recaptured. This 

information is used to determine the 

recipient’s tax liability. Also, tax not 

subject to collection must be reported 

and information must be provided if 

certain elections are made. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and the Federal 

Government. 

Estimated Number of Respondents: 

500. 

Estimated Time per Respondent: 4 

hours, 24 minutes. 

Estimated Total Annual Burden 

Hours: 2,200. 

The Following Paragraph Applies to 

All of the Collections of Information 

Covered by This Notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request for Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. 

Comments Are Invited On: (a) 

Whether the collection of information is 

necessary for the proper performance of 

the functions of the agency, including 

whether the information shall have 

practical utility; (b) the accuracy of the 

agency’s estimate of the burden of the 

collection of information; (c) ways to 

enhance the quality, utility, and clarity 

of the information to be collected; (d) 

ways to minimize the burden of the 

collection of information on 

respondents, including through the use 

of automated collection techniques or 

other forms of information technology; 

and (e) estimates of capital or start-up 

costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: January 11, 2007. 

Glenn P. Kirkland, 

IRS Reports Clearance Officer. 

[FR Doc. E7–853 Filed 1–22–07; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

[REG–104691–97] 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

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