8964 Federal Register / Vol. 90, No. 22 / Tuesday, February 4, 2025 / Notices 

30 1,000 (estimated number of event notices 

requiring outside counsel) × 4 (estimated number of 

hours for outside attorney to assist in the 

preparation of such event notice) × $400 (hourly 

wage for an outside attorney) = $1,600,000. The 

Commission recognizes that the costs of retaining 

outside professionals may vary depending on the 

nature of the professional services, but for purposes 

of this PRA analysis we estimate that costs of 

outside counsel would be an average of $400 per 

hour. 

31 $17,654,000 (estimated annual cost for issuer’s 

use of designated agent to submit filings) + 

$1,600,000 (estimated annual cost for issuers to 

employ outside counsel in the examination, 

preparation, and filing of certain event notices) = 

$19,254,000. 

Commission estimates that issuers will 

retain outside counsel to assist with 

filing approximately 1,000 event notices 

in each of the next three years. The 

Commission further believes that, for 

those 1,000 complex event notices in 

which issuers and obligated persons 

seek assistance from outside counsel, 

one-half of the burden of preparation of 

the event notices will be carried by 

issuers internally (four hours), and the 

other half of the burden will be carried 

by outside professionals retained by the 

issuer (four hours). The Commission 

further estimates that the average hourly 

cost for an issuer’s use of outside 

counsel is $400 per hour. Therefore, the 

Commission estimates the average total 

annual cost incurred by issuers to retain 

outside counsel to assist in the 

evaluation and preparation of certain 

event notices will be $1,600,000.30

Thus, the total estimated cost to issuers 

to comply with the rule is 

$19,254,000.31

Finally, based on recently obtained 

data provided by the MSRB, the 

Commission estimates that the MSRB 

will incur total annual costs of 

approximately $1,238,000 to operate the 

continuing disclosure service for the 

MSRB’s Electronic Municipal Market 

Access (‘‘EMMA’’) system, including 

hardware, software, and external thirdparty costs such as cloud service 

provider costs. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

The public may view and comment 

on this information collection request 

at: https://www.reginfo.gov/public/do/ 

PRAViewICR?ref_nbr=202410-3235-009 

or send an email comment to 

MBX.OMB.OIRA.SEC_desk_officer@

omb.eop.gov within 30 days of the day 

after publication of this notice by March 

7, 2025. 

Dated: January 29, 2025. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2025–02163 Filed 2–3–25; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF STATE 

[Public Notice: 12646] 

Notice of Determinations; Culturally 

Significant Objects Being Imported for 

Exhibition—Determinations: ‘‘What 

Drawing Can Be: Four Responses’’ 

Exhibition 

SUMMARY: Notice is hereby given of the 

following determinations: I hereby 

determine that certain objects being 

imported from abroad pursuant to an 

agreement with their foreign owner or 

custodian for temporary display in the 

exhibition ‘‘What drawing can be: four 

responses’’ at the Menil Drawing 

Institute, The Menil Collection, 

Houston, Texas, and at possible 

additional exhibitions or venues yet to 

be determined, are of cultural 

significance, and, further, that their 

temporary exhibition or display within 

the United States as aforementioned is 

in the national interest. I have ordered 

that Public Notice of these 

determinations be published in the 

Federal Register. 

FOR FURTHER INFORMATION CONTACT: 

Reed Liriano, Program Coordinator, 

Office of the Legal Adviser, U.S. 

Department of State (telephone: 202– 

632–6471; email: section2459@

state.gov). The mailing address is U.S. 

Department of State, L/PD, 2200 C Street 

NW (SA–5), Suite 5H03, Washington, 

DC 20522–0505. 

SUPPLEMENTARY INFORMATION: The 

foregoing determinations were made 

pursuant to the authority vested in me 

by the Act of October 19, 1965 (79 Stat. 

985; 22 U.S.C. 2459), Executive Order 

12047 of March 27, 1978, the Foreign 

Affairs Reform and Restructuring Act of 

1998 (112 Stat. 2681, et seq.; 22 U.S.C. 

6501 note, et seq.), Delegation of 

Authority No. 234 of October 1, 1999, 

Delegation of Authority No. 236–3 of 

August 28, 2000, and Delegation of 

Authority No. 257–1 of December 11, 

2015. 

Rafik K. Mansour, 

Deputy Assistant Secretary for Policy, Bureau 

of Educational and Cultural Affairs, 

Department of State. 

[FR Doc. 2025–02200 Filed 2–3–25; 8:45 am] 

BILLING CODE 4710–05–P 

DEPARTMENT OF STATE 

[Public Notice: 12647] 

Notice of Determinations; Culturally 

Significant Objects Being Imported for 

Exhibition—Determinations: ‘‘Rosa 

Barba: The Ocean of One’s Pause’’ 

Exhibition 

SUMMARY: Notice is hereby given of the 

following determinations: I hereby 

determine that certain objects being 

imported from abroad pursuant to an 

agreement with their foreign owner or 

custodian for temporary display in the 

exhibition ‘‘Rosa Barba: The Ocean of 

One’s Pause’’ at The Museum of Modern 

Art, New York, New York, and at 

possible additional exhibitions or 

venues yet to be determined, are of 

cultural significance, and, further, that 

their temporary exhibition or display 

within the United States as 

aforementioned is in the national 

interest. I have ordered that Public 

Notice of these determinations be 

published in the Federal Register. 

FOR FURTHER INFORMATION CONTACT: 

Reed Liriano, Program Coordinator, 

Office of the Legal Adviser, U.S. 

Department of State (telephone: 202– 

632–6471; email: section2459@

state.gov). The mailing address is U.S. 

Department of State, L/PD, 2200 C Street 

NW (SA–5), Suite 5H03, Washington, 

DC 20522–0505. 

SUPPLEMENTARY INFORMATION: The 

foregoing determinations were made 

pursuant to the authority vested in me 

by the Act of October 19, 1965 (79 Stat. 

985; 22 U.S.C. 2459), Executive Order 

12047 of March 27, 1978, the Foreign 

Affairs Reform and Restructuring Act of 

1998 (112 Stat. 2681, et seq.; 22 U.S.C. 

6501 note, et seq.), Delegation of 

Authority No. 234 of October 1, 1999, 

Delegation of Authority No. 236–3 of 

August 28, 2000, and Delegation of 

Authority No. 257–1 of December 11, 

2015. 

Rafik K. Mansour, 

Deputy Assistant Secretary for Policy, Bureau 

of Educational and Cultural Affairs, 

Department of State. 

[FR Doc. 2025–02199 Filed 2–3–25; 8:45 am] 

BILLING CODE 4710–05–P 

U.S.-CHINA ECONOMIC AND 

SECURITY REVIEW COMMISSION 

Notice of Open Public Hearing 

AGENCY: U.S.-China Economic and 

Security Review Commission. 

ACTION: Notice of open public hearing. 


lotter on DSK11XQN23PROD with NOTICES1