37406 Federal Register / Vol. 75, No. 124 / Tuesday, June 29, 2010 / Notices 

1 75 FR 19619 (April 15, 2010). 

2 7 U.S.C. 1 et seq. 3 7 U.S.C. 6(c). 

4The Commission has provided exemptions for 

gold and silver products in three prior cases. See 

Order Exempting the Trading and Clearing of 

Certain Products Related to SPDR® Gold Trust 

Shares, 73 FR 31981 (June 5, 2008), Order 

Exempting the Trading and Clearing of SPDR Gold 

Futures Contracts, 73 FR 31979 (June 5, 2008), and 

Order Exempting the Trading and Clearing of 

Certain Products Related to iShares® COMEX Gold 

Trust Shares and iShares® Silver Trust Shares, 73 

FR 79830 (December 30, 2008). 

• Objective: A climate-literate public 

that understands its vulnerabilities to a 

changing climate and makes informed 

decisions. 

• Long-term goal: Weather-Ready 

Nation - Society is prepared for and 

responds to weather-related events. 

• Objective: Reduced loss of life, 

property, and disruption from highimpact events. 

• Objective: Improved water resource 

management. 

• Objective: Improved transportation 

efficiency and safety. 

• Objective: Healthy people and 

communities through improved air and 

water quality. 

• Objective: Secure, reliable 

infrastructure for energy, 

communications, and agriculture. 

• Long-term goal: Healthy Oceans - 

Vibrant marine fisheries, habitats, and 

biodiversity sustained within healthy 

and productive ecosystems. 

• Objective: Improved understanding 

of ecosystems to inform resource 

management decisions. 

• Objective: Recovered, rebuilt, and 

sustained living marine resources. 

• Objective: Healthy habitats that 

sustain resilient and thriving marine 

resources and communities. 

• Objective: Safe and sustainable 

seafood for healthy populations. 

• Long-term goal: Resilient Coastal 

Communities and Economies - Coastal 

and Great Lakes communities that are 

environmentally and economically 

sustainable. 

• Objective: Resilient coastal 

communities that can adapt to the 

impacts of hazards and climate change. 

• Objective: Comprehensive ocean 

and coastal planning and management. 

• Objective: Safe, efficient and 

environmentally sound marine 

transportation. 

• Objective: Improved coastal water 

quality supporting human health and 

coastal ecosystem services. 

• Objective: Safe, environmentally 

sound Arctic access and resource 

management. 

As a whole, NOAA’s capacity to 

achieve these goals and objectives will 

depend upon the continued 

strengthening and integration of 

NOAA’s enterprise-wide science and 

technology, stronger partnerships and 

stakeholder engagement, and effective 

organizational and administrative 

functions. Over the next five years, 

NOAA will also direct its capabilities 

toward objectives for society in each of 

these components of its enterprise. 

• NOAA’s Science & Technology 

Enterprise: 

• Objective: A holistic understanding 

of the Earth system through research. 

• Objective: Accurate and reliable 

data from sustained and integrated earth 

observing systems. 

• Objective: An integrated 

environmental modeling system. 

• NOAA’s Engagement Enterprise: 

• Objective: An engaged and 

educated public with an improved 

capacity to make scientifically informed 

environmental decisions. 

• Objective: Integrated services 

meeting the evolving demands of 

regional stakeholders. 

• Objective: Full and effective use of 

international partnerships and policy 

leadership to achieve NOAA’s mission 

objectives. 

• NOAA’s Organization & 

Administration Enterprise: 

• Objective: Diverse and constantly 

evolving capabilities in NOAA’s 

workforce. 

• Objective: A modern information 

technology infrastructure for a scientific 

enterprise. 

• Objective: Sound, life-cycle 

management of capital investments. 

II. Request for Comments 

NOAA invites comments on its: 

mission statement; vision of the future; 

long-term strategic goals and five-year 

objectives; enterprise components and 

five-year objectives; and strategic 

partnerships. NOAA prefers that you 

submit comments online via the NGSP 

website, www.noaa.gov/ngsp, where you 

may post general comments on the plan, 

comment on any particular section, as 

well as vote on the comments posted by 

others. This method will help NOAA 

understand which aspects of the plan 

deserve the most attention in 

developing a final version. You may 

also mail comments to: National 

Oceanic and Atmospheric 

Administration, Office of Program 

Planning and Integration, 1315 East 

West Highway, Room 15749, Silver 

Spring, Maryland 20910 or email 

comments to 

strategic.planning@noaa.gov. 

Dated: June 24, 2010 

Susan A. Kennedy, 

Deputy Director of Strategic Planning, Office 

of Program Planning and Integration, 

National Oceanic and Atmospheric 

Administration. 

[FR Doc. 2010–15768 Filed 6–28–10; 8:45 am] 

BILLING CODE 3510–NW–S 

COMMODITY FUTURES TRADING 

COMMISSION 

Order Exempting the Trading and 

Clearing of Certain Products Related to 

ETFS Physical Swiss Gold Shares and 

ETFS Physical Silver Shares 

AGENCY: Commodity Futures Trading 

Commission. 

ACTION: Final order. 

SUMMARY: On April 15, 2010, the 

Commodity Futures Trading 

Commission (‘‘CFTC’’ or the 

‘‘Commission’’) published for public 

comment in the Federal Register 1 a 

proposal to exempt the trading and 

clearing of certain contracts called 

‘‘options’’ and other contracts called 

‘‘security futures’’ on each of ETFS 

Physical Swiss Gold Shares (‘‘Gold 

Products’’) and ETFS Physical Silver 

Shares (‘‘Silver Products’’) (collectively, 

‘‘Gold and Silver Products’’), which 

would be traded on national securities 

exchanges (as to options) and 

designated contract markets registered 

with the Securities and Exchange 

Commission (‘‘SEC’’) as limited purpose 

national securities exchanges (as to 

security futures), and in either case 

cleared through the Options Clearing 

Corporation (‘‘OCC’’) in its capacity as a 

registered securities clearing agency, 

from the provisions of the Commodity 

Exchange Act (‘‘CEA’’) 2 and the 

regulations thereunder, to the extent 

necessary to permit them to be so traded 

and cleared. Authority for this 

exemption is found in Section 4(c) of 

the CEA.3 The Commission also 

requested comment on whether it 

should amend all orders issued 

exempting the trading and clearing of 

options on gold and silver share-based 

products from CEA provisions and 

Commission regulations thereunder, to 

impose market and large trader 

reporting requirements under 

Commission regulations to the trading 

and clearing of the options in order to 

assist the Commission in monitoring 

and addressing, among other things, the 

effect on designated contract markets of 

trading in such products.4

DATES: Effective Date: June 14, 2010 


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Federal Register / Vol. 75, No. 124 / Tuesday, June 29, 2010 / Notices 37407 

5 7 U.S.C. 7a–1 

6 15 U.S.C. 78q–l. 

7 7 U.S.C. 7a–2(c), 17 C.F.R. §§ 39.4(a), 40.5. 

8See Section 5 of the CEA, 7 U.S.C. 7. 

9 15 U.S.C. 78f(g). 

10See Securities Exchange Act Release No. 61591 

(February 25, 2010), 75 FR 9981 (March 4, 2010) 

(File No. SR–OCC–2009–20 filed with both the 

Commission and the Securities and Exchange 

Commission (‘‘SEC’’)). See also Securities Exchange 

Act Release No. 61483 (February 3, 2010), 75 FR 

6753 (February 10, 2010)(SEC approval of securities 

exchanges’ listing and trading options on ETFS 

Physical Swiss Gold Shares and ETFS Physical 

Silver Shares). 

11Section 4(c)(1) of the CEA, 7 U.S.C. 6(c)(1), 

provides in full that: 

In order to promote responsible economic or 

financial innovation and fair competition, the 

Commission by rule, regulation, or order, after 

notice and opportunity for hearing, may (on its own 

initiative or on application of any person, including 

any board of trade designated or registered as a 

contract market or derivatives transaction execution 

facility for transactions for future delivery in any 

commodity under section 7 of this title) exempt any 

agreement, contract, or transaction (or class thereof) 

that is otherwise subject to subsection (a) of this 

section (including any person or class of persons 

offering, entering into, rendering advice or 

rendering other services with respect to, the 

agreement, contract, or transaction), either 

unconditionally or on stated terms or conditions or 

for stated periods and either retroactively or 

prospectively, or both, from any of the requirements 

of subsection (a) of this section, or from any other 

provision of this chapter (except subparagraphs 

(c)(ii) and (D) of section 2(a)(1) of this title, except 

that the Commission and the Securities and 

Exchange Commission may by rule, regulation, or 

order jointly exclude any agreement, contract, or 

transaction from section 2(a)(1)(D) of this title), if 

the Commission determines that the exemption 

would be consistent with the public interest. 

12HOUSE CONF. REPORT NO. 102–978, 1992 

U.S.C.C.A.N. 3179, 3213 (‘‘4(c) Conf. Report’’). 

13Section 4(c)(2) of the CEA, 7 U.S.C. 6(c)(2), 

provides in full that: 

The Commission shall not grant any exemption 

under paragraph (1) from any of the requirements 

of subsection (a) of this section unless the 

Commission determines that— 

(A) The requirement should not be applied to the 

agreement, contract, or transaction for which the 

exemption is sought and that the exemption would 

be consistent with the public interest and the 

purposes of this Act; and 

(B) the agreement, contract, or transaction— 

(i) will be entered into solely between appropriate 

persons; and 

(ii) will not have a material adverse effect on the 

ability of the Commission or any contract market or 

derivatives transaction execution facility to 

discharge its regulatory or self-regulatory duties 

under this Act. 

FOR FURTHER INFORMATION CONTACT: 

Robert B. Wasserman, Associate 

Director, 202–418–5092, 

rwasserman@cftc.gov, or Lois J. Gregory, 

Special Counsel, 202–418–5569, 

lgregory@cftc.gov, Division of Clearing 

and Intermediary Oversight, Commodity 

Futures Trading Commission, Three 

Lafayette Centre, 1151 21st Street, NW., 

Washington, DC 20581. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

The OCC is both a Derivatives 

Clearing Organization (‘‘DCO’’) 

registered pursuant to Section 5b of the 

CEA,5 and a securities clearing agency 

registered pursuant to Section 17A of 

the Securities Exchange Act of 1934 

(‘‘the ’34 Act’’).6

OCC has filed with the CFTC, 

pursuant to Section 5c(c) of the CEA 

and Commission Regulations 39.4(a) 

and 40.5 thereunder,7 a request for 

approval of rules and rule amendments 

that would enable OCC (1) to clear and 

settle contracts called ‘‘options’’ 

(‘‘Options’’) on Gold and Silver Products 

traded on national securities exchanges, 

in its capacity as a registered securities 

clearing agency (and not in its capacity 

as a DCO) and (2) to clear and settle 

contracts called ‘‘security futures’’ 

(‘‘Security Futures’’) on Gold and Silver 

Products traded on designated contract 

markets 8 registered with the SEC as 

limited purpose national securities 

exchanges pursuant to Section 6(g) of 

the ’34 Act 9 (‘‘DCMs’’) as security 

futures subject to the CEA and CFTC 

regulations thereunder governing 

security futures, in OCC’s capacity as a 

registered securities clearing agency 

(and not in its capacity as a DCO).10

Section 5c(c)(3) provides that the CFTC 

must approve such rules and rule 

amendments submitted for approval 

unless it finds that the rules or rule 

amendments would violate the CEA. 

In each case, the shares of the ETFS 

Physical Swiss Gold Shares and the 

ETFS Physical Silver Shares are 

designed to reflect the performance of 

the price of gold and silver bullion, 

respectively, less the expenses of 

operations. The shares represent 

entitlement to a specified quantity of 

physical gold or silver bullion, or, in 

certain circumstances, the proceeds 

from the sale of such quantity of such 

physical gold or silver bullion. 

The gold and silver bullion is held in 

vault by or on behalf of the custodian. 

All physical gold and silver conforms to 

the London Bullion Market 

Association’s rules for good delivery. 

II. Section 4(c) of the Commodity 

Exchange Act 

Section 4(c)(1) of the CEA empowers 

the CFTC to ‘‘promote responsible 

economic or financial innovation and 

fair competition’’ by exempting any 

transaction or class of transactions from 

any of the provisions of the CEA 

(subject to exceptions not relevant here) 

where the Commission determines that 

the exemption would be consistent with 

the public interest.11 The Commission 

may grant such an exemption by rule, 

regulation or order, after notice and 

opportunity for hearing, and may do so 

on application of any person or on its 

own initiative. 

Section 4(c) does not require the 

Commission determine the 

jurisdictional status of the Options and 

Security Futures on Gold and Silver 

Products. In enacting Section 4(c), 

Congress noted that the goal of the 

provision ‘‘is to give the Commission a 

means of providing certainty and 

stability to existing and emerging 

markets so that financial innovation and 

market development can proceed in an 

effective and competitive manner.’’ 12

Permitting Options and Security Futures 

on Gold and Silver Products to trade on 

national securities exchanges (as to 

Options) and DCMs (as to Security 

Futures) and to be cleared by OCC in its 

capacity as a securities clearing agency, 

as discussed above, may foster both 

financial innovation and competition. 

The Options and Security Futures on 

Gold and Silver Products described 

above are novel instruments. Given, 

among other things, the fact that the 

Commission has previously exempted 

similar Gold and Silver Products, the 

Commission believes that this is an 

appropriate case for issuing an 

exemption without issuing a finding as 

to the nature of these particular 

instruments. 

Section 4(c)(2) provides that the 

Commission may grant exemptions only 

when it determines: that the 

requirements for which an exemption is 

being provided should not be applied to 

the agreements, contracts or transactions 

at issue, and the exemption is consistent 

with the public interest and the 

purposes of the CEA; that the 

agreements, contracts or transactions 

will be entered into solely between 

appropriate persons; and that the 

exemption will not have a material 

adverse effect on the ability of the 

Commission or any contract market or 

derivatives transaction execution 

facility to discharge its regulatory or 

self-regulatory responsibilities under the 

CEA.13

In the April 15, 2010 Federal Register 

release, the CFTC requested comment as 

to whether this exemption from the 

requirements of the CEA and regulations 

thereunder should be granted in the 

context of these transactions. The CFTC 

also requested comment as to whether 

national securities exchanges that list 

Options on Gold and Silver Products 

should comply with market reporting 

requirements and brokers and traders 

that carry accounts or trade in Options 

on Gold and Silver products should 


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37408 Federal Register / Vol. 75, No. 124 / Tuesday, June 29, 2010 / Notices 

14See Parts 15 through 21 of the Commission’s 

regulations. 

15Chicago Board Options Exchange (CBOE) and 

International Securities Exchange (ISE). 

16All five comments are available on the 

Commission’s Web site, under comment file 10–04, 

at http://www.cftc.gov/LawRegulation/ 

PublicComments/10-004.html. 

17See footnote 4, supra. The other public 

commenter submitted an article suggesting that the 

silver and gold futures markets were being 

manipulated. There was no reference, however, to 

Options on Gold or Silver Products. 

18CEA § 3(b), 7 U.S.C. § 5(b). See also CEA 

§ 4(c)(1), 7 U.S.C. § 6(c)(1) (purpose of exemptions 

is ‘‘to promote responsible economic or financial 

innovation and fair competition.’’). 

19 44 U.S.C. 3507(d). 

20 7 U.S.C. 19(a). 

comply with large trader reporting 

requirements.14

Five comments were received: One 

from OCC, two from national securities 

exchanges,15 and two from private 

citizens.16 Two of the comments (OCC 

and CBOE) support the current 

exemption, but urge the Commission to 

deal with the status of commodity-based 

ETFs on a categorical rather than a caseby-case basis. The Commission will 

consider this suggestion. 

OCC and CBOE also argue that any 

large trader reporting requirements 

imposed by the Commission would 

result in unnecessary and duplicative 

regulatory burdens, while ISE (which 

also supports the proposed exemption) 

notes that securities options exchanges 

have large option position reporting 

requirements in place, and that the 

Commission should consider 

coordinating these protections between 

markets in order to address its concern 

regarding the effective regulation of 

interconnected markets. By contrast, 

one public commenter (who opposes 

granting the exemption) suggests that, if 

the exemption is granted, it is crucial 

that reporting requirements be imposed. 

The Commission will consider these 

comments in deciding what action to 

take and or to propose with respect to 

market and large trader reporting for the 

trading and clearing of Options Gold 

and Silver Products and similar options 

on gold and silver products for which 

exemptions have previously been 

granted.17

III. Findings and Conclusions 

After considering the complete record 

in this matter, the Commission has 

determined that the requirements of 

Section 4(c) have been met. First, the 

exemption is consistent with the public 

interest and with the purposes of the 

CEA, including ‘‘promot[ing] 

responsible innovation and fair 

competition among boards of trade, 

other markets and market 

participants.’’ 18 Particularly in light of 

the exemptions previously granted by 

the Commission with respect to Options 

and Security Futures on Gold and Silver 

Products, it appears consistent with 

these and the other purposes of the 

CEA, and with the public interest, for 

the mode of trading and clearing these 

Options and Security Futures—whether 

the mode applicable to options on 

securities or commodities, or to security 

futures or futures—to be determined by 

competitive market forces. 

Second, Options and Security Futures 

on Gold and Silver Products will be 

entered into solely between appropriate 

persons. Section 4(c)(3) includes within 

the term ‘‘appropriate persons’’ a 

number of specified categories of 

persons, and also in subparagraph (K) 

thereof ‘‘such other persons that the 

Commission determines to be 

appropriate in light of * * * the 

applicability of appropriate regulatory 

protections.’’ National securities 

exchanges and OCC, as well as their 

members who will intermediate Options 

on Gold and Silver Products, are subject 

to extensive and detailed regulation by 

the SEC under the ‘34 Act. Similarly, 

DCMs and OCC, as well as their 

members who will intermediate 

Security Futures on Gold and Silver 

Products, are subject to regulation by 

the SEC and CFTC. Given that the 

Options and Security Futures on Gold 

and Silver Products will be traded on 

national securities exchanges (as to 

Options) and DCMs (as to Security 

Futures), the regulatory protections 

available under securities laws and 

regulations governing security futures, 

and the goal of promoting fair 

competition, the Options and Security 

Futures on Gold and Silver Products 

will be traded by appropriate persons. 

Third, in light of the previous 

exemptions granted for similar gold and 

silver products, the grant of this 

exemption would not have a material 

adverse effect on the ability of the 

Commission or any DCM to carry out 

their regulatory responsibilities under 

the CEA. 

Therefore, upon due consideration, 

pursuant to its authority under Section 

4(c) of the CEA, the Commission hereby 

issues this Order and exempts the 

trading of Options on Gold and Silver 

Products on national securities 

exchanges and the trading of Security 

Futures on Gold and Silver Products on 

DCMs registered with the SEC as limited 

purpose national securities exchanges, 

and the clearing of both the Options and 

Security Futures through the Options 

Clearing Corporation (‘‘OCC’’) in its 

capacity as a registered securities 

clearing agency, from the provisions of 

the CEA and the regulations thereunder, 

to the extent necessary to permit the 

Options and Security Futures to be so 

traded and cleared. 

This Order is subject to termination or 

revision, on a prospective basis, if the 

Commission determines upon further 

information that this exemption is not 

consistent with the public interest. If the 

Commission believes such exemption 

becomes detrimental to the public 

interest, the Commission may revoke 

this Order on its own motion. 

IV. Related Matters 

A. Paperwork Reduction Act 

The Paperwork Reduction Act of 1995 

(‘‘PRA’’) 19 imposes certain requirements 

on federal agencies (including the 

Commission) in connection with their 

conducting or sponsoring any collection 

of information as defined by the PRA. 

The proposed exemptive order would 

not, if approved, require a new 

collection of information from any 

entities that would be subject to the 

proposed order. 

B. Cost-Benefit Analysis 

Section 15(a) of the CEA,20 as 

amended by Section 119 of the 

Commodity Futures Modernization Act 

of 2000, requires the Commission to 

consider the costs and benefits of its 

action before issuing an order under the 

CEA. By its terms, Section 15(a) as 

amended does not require the 

Commission to quantify the costs and 

benefits of an order or to determine 

whether the benefits of the order 

outweigh its costs. Rather, Section 15(a) 

simply requires the Commission to 

‘‘consider the costs and benefits’’ of its 

action. 

Section 15(a) of the CEA further 

specifies that costs and benefits shall be 

evaluated in light of five broad areas of 

market and public concern: protection 

of market participants and the public; 

efficiency, competitiveness, and 

financial integrity of futures markets; 

price discovery; sound risk management 

practices; and other public interest 

considerations. Accordingly, the 

Commission could in its discretion give 

greater weight to any one of the five 

enumerated areas and could in its 

discretion determine that, 

notwithstanding its costs, a particular 

order was necessary or appropriate to 

protect the public interest or to 

effectuate any of the provisions or to 

accomplish any of the purposes of the 

CEA. 

The Commission has considered the 

costs and benefits of the order in light 


emcdonald on DSK2BSOYB1PROD with NOTICES4
Federal Register / Vol. 75, No. 124 / Tuesday, June 29, 2010 / Notices 37409 

21See also Previous Orders, 73 FR at 31982 (June 

5, 2008), 73 FR at 3 FR at 31980 (June 5, 2008), and 

73 FR at 79832 (December 30, 2008). 

22One commenter questioned whether the 

Commission’s conclusions regarding sound risk 

management practices at OCC were unduly reliant 

on supervision by others. In fact, the Commission 

itself conducts supervision of OCC and its risk 

management practices. 

of the specific provisions of Section 

15(a) of the CEA, as follows: 21

1. Protection of market participants 

and the public. National securities 

exchanges, OCC, and their members 

who would intermediate the abovedescribed Options and Security Futures 

on Gold and Silver Products are subject 

to extensive regulatory oversight. 

2. Efficiency, competition, and 

financial integrity. The exemptive order 

may enhance market efficiency and 

competition since it could encourage 

potential trading of Options and 

Security Futures on Gold and Silver 

Products through modes other than 

those normally applicable; that is, 

designated contract markets or 

derivatives transaction execution 

facilities. Financial integrity will not be 

affected since the Options and Security 

Futures on Gold and Silver Products 

will be cleared by OCC, a DCO and SECregistered clearing agency, 

intermediated by SEC-registered brokerdealers. 

3. Price discovery. Price discovery 

may be enhanced through market 

competition. 

4. Sound risk management practices. 

The Options and Security Futures on 

Gold and Silver Products will be subject 

to OCC’s current risk-management 

practices including its margining 

system. In addition, OCC is supervised 

by both the SEC and the Commission, 

and the Commission has found OCC’s 

risk management practices, including its 

margining system, generally sound.22

5. Other public interest 

considerations. The exemptive order 

appears likely to encourage 

development of derivative products 

through market competition without 

unnecessary regulatory burden. 

The Commission requested comment 

on its application of these factors in the 

proposing release. As noted above, one 

comment was received. 

After considering these factors, the 

Commission has determined to issue 

this order. 

Issued in Washington, DC, on June 14, 

2010 by the Commission. 

Sauntia S. Warfield, 

Assistant Secretary of the Commission. 

[FR Doc. 2010–14818 Filed 6–28–10; 8:45 am] 

BILLING CODE 6351–01–P 

CORPORATION FOR NATIONAL AND 

COMMUNITY SERVICE 

Information Collection; Submission for 

OMB Review, Comment Request 

AGENCY: Corporation for National and 

Community Service. 

ACTION: Notice. 

SUMMARY: The Corporation for National 

and Community Service (hereinafter the 

‘‘Corporation’’), has submitted a public 

information collection request (ICR), 

titled the Application for the President’s 

Higher Education Community Service 

Honor Roll, to the Office of Management 

and Budget (OMB) for review and 

approval in accordance with the 

Paperwork Reduction Act of 1995, 

Public Law 104–13, (44 U.S.C. Chapter 

35). Copies of this ICR, with applicable 

supporting documentation, may be 

obtained by calling the Corporation, 

Kevin Michael Days, at (202) 606–6899. 

Individuals who use a 

telecommunications device for the deaf 

(TTY–TDD) may call (202) 606–3472 

between 8:30 a.m. and 5 p.m. eastern 

time, Monday through Friday. 

ADDRESSES: Comments may be 

submitted, identified by the title of the 

information collection activity, to the 

Office of Information and Regulatory 

Affairs, Attn: Ms. Sharon Mar, OMB 

Desk Officer for the Corporation for 

National and Community Service, by 

any of the following two methods 

within 30 days from the date of 

publication in this Federal Register: 

(1) By fax to: (202) 395–6974, 

Attention: Ms. Sharon Mar, OMB Desk 

Officer for the Corporation for National 

and Community Service; and 

(2) Electronically by e-mail to: 

smar@omb.eop.gov. 

SUPPLEMENTARY INFORMATION: The OMB 

is particularly interested in comments 

which: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the Corporation, including 

whether the information will have 

practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

• Propose ways to enhance the 

quality, utility, and clarity of the 

information to be collected; and 

• Propose ways to minimize the 

burden of the collection of information 

on those who are to respond, including 

through the use of appropriate 

automated, electronic, mechanical, or 

other technological collection 

techniques or other forms of information 

technology, e.g., permitting electronic 

submissions of responses. 

Comments 

A 60-day public comment Notice was 

published in the Federal Register on 

March 30, 2010. This comment period 

ended June 1, 2010. No public 

comments were received from this 

Notice. 

Description: The Corporation is 

seeking approval of the Application for 

the President’s Higher Education 

Community Service Honor Roll. The 

President’s Higher Education 

Community Service Honor Roll program 

is designed to identify and reward 

exemplary higher education community 

service programs and practices. This 

program helps fulfill the Corporation’s 

strategic goals of engaging Americans, 

particularly millions of college students, 

in service, and ensuring that all higher 

education institutions provide, or 

stimulate the creation of resources to 

coordinate service, service-learning, and 

community partnerships. During this 

fifth year of the Honor Roll program, the 

application will include a special focus 

area that will highlight the national 

service priorities of the Administration 

and the Edward M. Kennedy Serve 

America Act, by encouraging higher 

education institutions’ efforts to tackle 

priorities ranging from increasing high 

school graduation rates to fostering 

economic opportunity. 

Type of Review: Renewal. 

Agency: Corporation for National and 

Community Service. 

Title: Application for the President’s 

Higher Education Community Service 

Honor Roll. 

OMB Number: 3045- 0120. 

Agency Number: None. 

Affected Public: Degree-granting 

colleges and universities located in the 

U.S. and its territories. 

Total Respondents: 4,500. 

Frequency: Annual. 

Average Time per Response: Averages 

1 hour. 

Estimated Total Burden Hours: 4,500 

hours. 

Total Burden Cost (capital/startup): 

None. 

Total Burden Cost (operating/ 

maintenance): None. 

Dated: June 23, 2010. 

Elson Nash, 

Associate Director, Learn and Serve America. 

[FR Doc. 2010–15693 Filed 6–28–10; 8:45 am] 

BILLING CODE 6050–$$–P 


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