51836 Federal Register / Vol. 70, No. 168 / Wednesday, August 31, 2005 / Notices 

Dated: August 19, 2005. 

T.H. Gilmour, 

Rear Admiral, U.S. Coast Guard, Assistant 

Commandant for Marine Safety, Security and 

Environmental Protection. 

[FR Doc. 05–17426 Filed 8–29–05; 12:21 pm] 

BILLING CODE 4910–15–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Customs and Border Protection 

Quarterly IRS Interest Rates Used in 

Calculating Interest on Overdue 

Accounts and Refunds on Customs 

Duties 

AGENCY: Customs and Border Protection, 

Department of Homeland Security. 

ACTION: General notice. 

SUMMARY: This notice advises the public 

of the quarterly Internal Revenue 

Service interest rates used to calculate 

interest on overdue accounts 

(underpayments) and refunds 

(overpayments) of customs duties. For 

the calendar quarter beginning July 1, 

2005, the interest rates for overpayments 

will be 5 percent for corporations and 6 

percent for non-corporations, and the 

interest rate for underpayments will be 

6 percent. This notice is published for 

the convenience of the importing public 

and Customs and Border Protection 

personnel. 

EFFECTIVE DATE: July 1, 2005. 

FOR FURTHER INFORMATION CONTACT: 

Trong Quan, National Finance Center, 

Collections Section, 6026 Lakeside 

Boulevard, Indianapolis, Indiana 46278; 

telephone (317) 614–4516. 

SUPPLEMENTARY INFORMATION: 

Background 

Pursuant to 19 U.S.C. 1505 and 

Treasury Decision 85–93, published in 

the Federal Register on May 29, 1985 

(50 FR 21832), the interest rate paid on 

applicable overpayments or 

underpayments of customs duties must 

be in accordance with the Internal 

Revenue Code rate established under 26 

U.S.C. 6621 and 6622. Section 6621 was 

amended (at paragraph (a)(1)(B) by the 

Internal Revenue Service Restructuring 

and Reform Act of 1998, Pub. L. 105–

206, 112 Stat. 685) to provide different 

interest rates applicable to 

overpayments: one for corporations and 

one for non-corporations. 

The interest rates are based on the 

Federal short-term rate and determined 

by the Internal Revenue Service (IRS) on 

behalf of the Secretary of the Treasury 

on a quarterly basis. The rates effective 

for a quarter are determined during the 

first-month period of the previous 

quarter. 

In Revenue Ruling 2005–35, the IRS 

determined the rates of interest for the 

calendar quarter beginning July 1, 2005, 

and ending September 30, 2005. The 

interest rate paid to the Treasury for 

underpayments will be the Federal 

short-term rate (3%) plus three 

percentage points (3%) for a total of six 

percent (6%). For corporate 

overpayments, the rate is the Federal 

short-term rate (3%) plus two 

percentage points (2%) for a total of five 

percent (5%). For overpayments made 

by non-corporations, the rate is the 

Federal short-term rate (3%) plus three 

percentage points (3%) for a total of six 

percent (6%). These interest rates are 

subject to change for the calendar 

quarter beginning October 1, 2005, and 

ending December 31, 2005. 

For the convenience of the importing 

public and Customs and Border 

Protection personnel the following list 

of IRS interest rates used, covering the 

period from before July of 1974 to date, 

to calculate interest on overdue 

accounts and refunds of customs duties, 

is published in summary format. 

Beginning 

date 

Ending 

date 

Under payments 

(percent) 

Over payments 

(percent) 

Corporate 

overpayments 

(Eff. 1–1–99) 

(percent) 

070174 ...................................................... 063075 ...................................................... 6 6 ............................

070175 ...................................................... 013176 ...................................................... 9 9 ............................

020176 ...................................................... 013178 ...................................................... 7 7 ............................

020178 ...................................................... 013180 ...................................................... 6 6 ............................

020180 ...................................................... 013182 ...................................................... 12 12 ............................

020182 ...................................................... 123182 ...................................................... 20 20 ............................

010183 ...................................................... 063083 ...................................................... 16 16 ............................

070183 ...................................................... 123184 ...................................................... 11 11 ............................

010185 ...................................................... 063085 ...................................................... 13 13 ............................

070185 ...................................................... 123185 ...................................................... 11 11 ............................

010186 ...................................................... 063086 ...................................................... 10 10 ............................

070186 ...................................................... 123186 ...................................................... 9 9 ............................

010187 ...................................................... 093087 ...................................................... 9 8 ............................

100187 ...................................................... 123187 ...................................................... 10 9 ............................

010188 ...................................................... 033188 ...................................................... 11 10 ............................

040188 ...................................................... 093088 ...................................................... 10 9 ............................

100188 ...................................................... 033189 ...................................................... 11 10 ............................

040189 ...................................................... 093089 ...................................................... 12 11 ............................

100189 ...................................................... 033191 ...................................................... 11 10 ............................

040191 ...................................................... 123191 ...................................................... 10 9 ............................

010192 ...................................................... 033192 ...................................................... 9 8 ............................

040192 ...................................................... 093092 ...................................................... 8 7 ............................

100192 ...................................................... 063094 ...................................................... 7 6 ............................

070194 ...................................................... 093094 ...................................................... 8 7 ............................

100194 ...................................................... 033195 ...................................................... 9 8 ............................

040195 ...................................................... 063095 ...................................................... 10 9 ............................

070195 ...................................................... 033196 ...................................................... 9 8 ............................

040196 ...................................................... 063096 ...................................................... 8 7 ............................

070196 ...................................................... 033198 ...................................................... 9 8 ............................

040198 ...................................................... 123198 ...................................................... 8 7 ............................

010199 ...................................................... 033199 ...................................................... 7 7 6 

040199 ...................................................... 033100 ...................................................... 8 8 7 

040100 ...................................................... 033101 ...................................................... 9 9 8 

040101 ...................................................... 063001 ...................................................... 8 8 7 

Federal Register / Vol. 70, No. 168 / Wednesday, August 31, 2005 / Notices 51837 

Beginning 

date 

Ending 

date 

Under payments 

(percent) 

Over payments 

(percent) 

Corporate 

overpayments 

(Eff. 1–1–99) 

(percent) 

070101 ...................................................... 123101 ...................................................... 7 7 6 

010102 ...................................................... 123102 ...................................................... 6 6 5 

010103 ...................................................... 093003 ...................................................... 5 5 4 

100103 ...................................................... 033104 ...................................................... 4 4 3 

040104 ...................................................... 063004 ...................................................... 5 5 4 

070104 ...................................................... 093004 ...................................................... 4 4 3 

100104 ...................................................... 033105 ...................................................... 5 5 4 

040105 ...................................................... 093005 ...................................................... 6 6 5 

Dated: August 25, 2005. 

Robert C. Bonner, 

Commissioner, Customs and Border 

Protection. 

[FR Doc. 05–17247 Filed 8–30–05; 8:45 am] 

BILLING CODE 9110–06–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Federal Emergency Management 

Agency 

Agency Information Collection 

Activities: Proposed Collection; 

Comment Request 

AGENCY: Federal Emergency 

Management Agency, Emergency 

Preparedness and Response Directorate, 

U.S. Department of Homeland Security. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Federal Emergency 

Management Agency, 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 continuing 

information collections. In accordance 

with the Paperwork Reduction Act of 

1995 (44 U.S.C. 3506(c)(2)(A)), this 

notice seeks comments concerning the 

renewal of FEMA’s National Flood 

Insurance Program’s (NFIP) Biennial 

Report forms (FEMA Form 81–28, 

FEMA Form 81–29, FEMA Form 81–

29A). Under 44 CFR 59.22(b)(2), the 

Federal Emergency Management Agency 

(FEMA) requires that communities 

participating in the National Flood 

Insurance Program (NFIP) submit an 

annual or biennial report describing the 

progress made during the year in the 

implementation and enforcement of 

floodplain management regulations. 

Currently, FEMA has determined that 

this data will be collected on a biennial 

reporting cycle and the data collection 

is now referred to as the Biennial 

Report. 

SUPPLEMENTARY INFORMATION: Under 44 

CFR 59.22(b)(2), the Federal Emergency 

Management Agency (FEMA) requires 

that communities participating in the 

National Flood Insurance Program 

(NFIP) submit an annual or biennial 

report describing the progress made 

during the year in the implementation 

and enforcement of floodplain 

management regulations. Currently, 

FEMA has determined that this data 

will be collected on a biennial reporting 

cycle and the data collection is now 

referred to as the Biennial Report. As a 

supplement to the Biennial Report, 

FEMA has been mandated under 

Section 575 of the National Flood 

Insurance Reform Act of 1994 (NFIRA) 

to assess the need to revise and update 

all floodplain areas and flood risk zones 

identified, delineated, or established 

under section 1360 of the National 

Flood Insurance Act of 1968. 

The NFIP Biennial Report enables 

FEMA to meet its regulatory 

requirement under 59.22(b)(2). It also 

enables FEMA to be more responsive to 

the on-going changes that occur in each 

participating community’s flood hazard 

area. These changes include, but are not 

limited to, new corporate boundaries, 

changes in flood hazard areas, new 

floodplain management measures, and 

changes in rate of floodplain 

development. It is also used to evaluate 

the effectiveness of the community’s 

floodplain management activities. The 

evaluation is accomplished by analyzing 

information provided by the 

community, such as the number of 

variances and floodplain permits 

granted by each community in 

relationship to other information 

contained in the Biennial Report, as 

well as other data available in FEMA’s 

Community Information System (CIS). 

The Biennial Report also provides an 

opportunity for NFIP participating 

communities to request technical 

assistance in implementing a floodplain 

management program. FEMA regional 

offices use this information as a means 

to know which communities need 

support and guidance. In addition, the 

NFIP Biennial Report is one of the tools 

used to assist FEMA in meeting its 

regulatory requirement under Section 

575 of the NFIRA. A ‘‘yes’’ answer to 

Items A–D in Section I of the report will 

provide the basis for FEMA to follow-up 

by contacting the community for 

clarification and/or elaboration 

regarding changes and activities 

occurring in a community’s flood 

hazard area. This information will be 

used in ranking and prioritizing one 

community’s mapping needs against all 

other communities in the NFIP and for 

determining how the limited flood 

hazard mapping funds are allocated for 

map updates. 

Collection of Information 

Title: The National Flood Insurance 

Program-Biennial Report. 

Type of Information Collection: 

Extension of a currently approved 

collection. 

OMB Number: 1660–0003. 

Form Numbers: FEMA Form 81–28, 

FEMA Form 81–29, FEMA Form 81–

29A. 

Abstract: The NFIP Biennial Report 

enables FEMA to meet its regulatory 

requirement under 59.22(b)(2). It also 

enables FEMA to be more responsive to 

the on-going changes that occur in each 

participating community’s flood hazard 

area. These changes include, but are not 

limited to, new corporate boundaries, 

changes in flood hazard areas, new 

floodplain management measures, and 

changes in rate of floodplain 

development. It is also used to evaluate 

the effectiveness of the community’s 

floodplain management activities. The 

evaluation is accomplished by analyzing 

information provided by the 

community, such as the number of 

variances and floodplain permits 

granted by each community in 

relationship to other information 

contained in the Biennial Report, as 

well as other data available in FEMA’s 

Community Information System (CIS). 

The Biennial Report also provides an 

opportunity for NFIP participating 

communities to request technical 

assistance in implementing a floodplain