Federal Register / Vol. 79, No. 195 / Wednesday, October 8, 2014 / Notices 60893 

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: October 2, 2014. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2014–24078 Filed 10–7–14; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

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 

information collection requirements 

related to arbitrage restrictions on taxexempt bonds. 

DATES: Written comments should be 

received on or before December 8, 2014 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Christie Preston, Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulation should be 

directed to Allan Hopkins, Internal 

Revenue Service, room 6129, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or through the internet at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Arbitrage Restrictions on taxExempt Bonds. 

OMB Number: 1545–1490. Regulation 

Project Number: FI–28–96 (TD 8801). 

Abstract: This regulation provides 

guidance concerning the arbitrage 

restrictions applicable to tax-exempt 

bonds issued by state and local 

governments and contains rules 

regarding the use of proceeds of state 

and local bonds to acquire higher 

yielding investments. The regulation 

provides safe harbors for establishing 

the fair market value of all investments 

purchased for yield restricted 

defeasance escrows. Further, the 

regulation requires that issuers must 

retain certain records and information 

with the bond documents. The 

recordkeeping requirements are 

necessary for the IRS to determine that 

an issuer of tax-exempt bonds has not 

paid more than fair market value for 

nonpurpose investments under section 

148 of the Internal Revenue Code. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of 

currently approved collection. 

Affected Public: State, local, or tribal 

governments, and not-for-profit 

institutions. 

Estimated Number of Respondents: 

1,400. 

Estimated Time per Respondent: 1 

hour. 

Estimated Total Annual Burden 

Hours: 1,425. 

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: September 23, 2014. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2014–24071 Filed 10–7–14; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

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)). The IRS is soliciting 

comments concerning information 

collection requirements related to 

continuation coverage requirements 

application to group health plans. 

DATES: Written comments should be 

received on or before December 8, 2014 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Christie Preston, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of this regulation should be 

directed to Allan Hopkins, Internal 

Revenue Service, Room 6129, 1111 

Constitution Avenue NW., Washington, 

DC 20224, or through the internet at 

Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Continuation Coverage 

Requirements Application to Group 

Health Plans. 

OMB Number: 1545–1581. 

Regulation Project Number: REG– 

209485–86 (TD8812). 

Abstract: The regulations require 

group health plans to provide notices to 

individuals who are entitled to elect 

COBRA (The Consolidated Omnibus 

Budget Reconciliation Act of 1985) 

continuation coverage of their election 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
60894 Federal Register / Vol. 79, No. 195 / Wednesday, October 8, 2014 / Notices 

rights. Individuals who wish to obtain 

the benefits provided under the statute 

are required to provide plans notices in 

the cases of divorce from the covered 

employee, a dependent child’s ceasing 

to be dependent under the terms of the 

plan, and disability. Most plans will 

require that elections of COBRA 

continuation coverage be made in 

writing. In cases where qualified 

beneficiaries are short by an 

insignificant amount in a payment made 

to the plan, the regulations require the 

plan to notify the qualified beneficiary 

if the plan does not wish to treat the 

tendered payment as full payment. If a 

health care provider contacts a plan to 

confirm coverage of a qualified 

beneficiary, the regulations require that 

the plan disclose the qualified 

beneficiary’s complete rights to 

coverage. 

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, individuals or 

households, and not-for-profit 

institutions. 

Estimated Number of Respondents: 

1,800,000. 

The estimated time per respondent 

varies from 30 seconds to 330 hours, 

depending on individual circumstances, 

with an estimated average of 14 

minutes. 

Estimated Total Annual Burden 

Hours: 404,640. 

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: September 23, 2014. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2014–24070 Filed 10–7–14; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 8924 

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 Form 

8924, Excise Tax on Certain Transfers of 

Qualifying Geothermal or Mineral 

Interests. 

DATES: Written comments should be 

received on or before December 8, 2014 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Christie Preston, Internal Revenue 

Service, room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Allan Hopkins, at 

Internal Revenue Service, room 6129, 

1111 Constitution Avenue NW., 

Washington, DC 20224, or through the 

internet at Allan.M.Hopkins@irs.gov. 

SUPPLEMENTARY INFORMATION: Title: 

Excise Tax on Certain Transfers of 

Qualifying Geothermal or Mineral 

Interests. 

OMB Number: 1545–2099. 

Form Number: Form 8924. 

Abstract: Form 8924, Excise Tax on 

Certain Transfers of Qualifying 

Geothermal or Mineral Interests, is 

required by Section 403 of the Tax 

Relief and Health Care Act of 2006 

which imposes an excise tax on certain 

transfers of qualifying mineral or 

geothermal interests. 

Current Actions: There are no changes 

to the form previously approved by 

OMB. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Businesses and other 

for-profit organizations. 

Estimated Number of Respondents: 

20. 

Estimated Time per Respondent: 5 

hours 33 minutes. 

Estimated Total Annual Burden 

Hours: 111. 

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: October 2, 2014. 

Christie Preston, 

IRS Reports Clearance Officer. 

[FR Doc. 2014–24073 Filed 10–7–14; 8:45 am] 

BILLING CODE 4830–01–P 


asabaliauskas on DSK5VPTVN1PROD with NOTICES