Federal Register / Vol. 62, No. 62 / Tuesday, April 1, 1997 / Notices 15539

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

Proposed Information Collection

Request; Submitted for Public

Comment and Recommendations;

Prohibited Transaction Class

Exemption 78–6

ACTION: Notice.

SUMMARY: The Department of Labor, as

part of its continuing effort to reduce

paperwork and respondent burden,

provides the general public and Federal

agencies with an opportunity to

comment on proposed and/or

continuing collections of information in

accordance with the Paperwork

Reduction Act of 1995 (PRA 95) 44

U.S.C. 3506(c)(2)(A). This program

helps to ensure that requested data can

be provided in the desired format,

reporting burden (time and financial

resources) is minimized, collection

instruments are clearly understood, and

the impact of collection requirements on

respondents can be properly assessed.

Currently, the Pension and Welfare

Benefits Administration is soliciting

comments concerning the proposed

extension of a currently approved

collection of information, Prohibited

Transaction Class Exemption 78–6. A

copy of the proposed information

collection request can be obtained by

contacting the employee listed below in

the contact section of this notice.

DATES: Written comments must be

submitted on or before June 2, 1997. The

Department of Labor is particularly

interested in comments which:

• Evaluate whether the proposed

collection of information is necessary

for the proper performance of the

functions of the agency, 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;

• Enhance the quality, utility, and

clarify the information to be collected;

and

• 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.

ADDRESSES: Gerald B. Lindrew,

Department of Labor, Pension and

Welfare Benefits Administration, 200

Constitution Avenue, NW, Washington,

D.C. 20210, (202) 219–7933, FAX (202)

219–4745.

SUPPLEMENTARY INFORMATION:

I. Background

Prohibited Transaction Class

Exemption 78–6 allows (a) purchase of

personal property by a multiple

employer welfare benefit plan

maintained for the purpose of providing

apprenticeship or other training

programs (hereinafter referred to as an

apprenticeship plan) from an employer

who makes contributions to such plan

(hereinafter referred to as a contributing

employer) or from a wholly-owned

subsidiary of such an employer, (b) the

leasing of personal property by an

apprenticeship plan from a contributing

employer or from a wholly owned

subsidiary of such an employer, and (c)

the leasing of real property (other than

office space within the contemplation of

section 408(b)(2) of the Employee

Retirement Income Security Act of 1974

(the Act)) by an apprenticeship plan

from a contributing employer, a wholly

owned subsidiary of such an employer,

or from an employee organization any of

whose members’ work results in

contributions being made to the

apprenticeship plan. In the absence of

this exemption, certain aspects of these

transactions might be prohibited by

sections 406(a)(1) (A), (C) and (D) of the

Act.

II. Current Actions

This existing collection of information

should be continued because without

the relief provided by this exemption,

such apprenticeship plans would have

difficulty operating in accordance with

the purposes for which they were

established. The recordkeeping

requirements incorporated within the

class exemption are intended to protect

the interests of plan participants and

beneficiaries. The exemption has one

basic information collection condition.

The exemption requires that

apprenticeship plans which enter into

transactions covered by the exemption

must maintain the records of such

transactions for a period of six years

from the termination of such

transactions.

Type of Review: Extension.

Agency: Pension and Welfare Benefits

Administration.

Title: Prohibited Transaction Class

Exemption 78–6.

OMB Number: 1210–0080.

Recordkeeping: 6 years.

Affected Public: Business or other forprofit, Not-for-profit institutions,

Individuals.

Total Respondents: 1,000.

Frequency: On occasion.

Total Responses: 5,000

Average Time Per Response: 5

minutes

Estimated Total Burden Hours: 417

Total Burden Cost (capital/start-up):

$0.00

Total Burden Cost (operating/

maintenance): $0.00

Comments submitted in response to

this notice will be summarized and/or

included in the request for Office of

Management and Budget approval of the

information collection request; they will

also become a matter of public record.

Dated: March 26, 1997.

Gerald B. Lindrew,

Deputy Director, Pension and Welfare

Benefits Administration, Office of Policy and

Research.

[FR Doc. 97–8195 Filed 3–31–97; 8:45 am]

BILLING CODE 4510–29–P

Pension and Welfare Benefits

Administration Proposed Information

Collection Request; Submitted for

Public Comment and

Recommendations; Prohibited

Transaction Class Exemption 94–20

ACTION: Notice.

SUMMARY: The Department of Labor, as

part of its continuing effort to reduce

paperwork and respondent burden,

provides the general public and Federal

agencies with an opportunity to

comment on proposed and/or

continuing collections of information in

accordance with the Paperwork

Reduction Act of 1995 (PRA 95), 44

U.S.C. 3506(c)(2)(A). This program

helps to ensure that requested data can

be provided in the desired format,

reporting burden (time and financial

resources) is minimized, collection

instruments are clearly understood, and

the impact of collection requirements on

respondents can be properly assessed.

Currently, the Pension and Welfare

Benefits Administration is soliciting

comments concerning the proposed

extension of a currently approved

collection of information, Prohibited

Transaction Class Exemption 94–20. A

copy of the proposed information

collection request can be obtained by

contacting the employee listed below in

the contact section of this notice.

DATES: Written comments must be

submitted on or before June 2, 1997.

The Department of Labor is

particularly interested in comments

which:

• Evaluate whether the proposed

collection of information is necessary

for the proper performance of the