Document ID: SEC-2006-1071-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-08-21T04:00Z

[Federal Register: August 21, 2006 (Volume 71, Number 161)]
[Notices]               
[Page 48565]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21au06-81]                         

=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collections; Comment Request

Upon written request; copies available from: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extensions:
    Form T-1, OMB Control No. 3235-0110, SEC File No. 270-121
    Form T-2, OMB Control No. 3235-0111, SEC File No. 270-122
    Form T-3, OMB Control No. 3235-0105, SEC File No. 270-123
    Form T-4, OMB Control No. 3235-0107, SEC File No. 270-124

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission 
(``Commission'') is soliciting comments on the collections of 
information summarized below. The Commission plans to submit these 
existing collections of information to the Office of Management and 
Budget for approval.
    Form T-1 (17 CFR 269.1) is a statement of eligibility and 
qualification under the Trust Indenture Act of 1939 (15 U.S.C. 77aaa et 
seq.) of a corporation designated to act as a trustee. The information 
is used to determine whether the trustee is qualified to serve under 
the indenture. Form T-1 takes approximately 15 hours per response to 
prepare and is filed by 13 respondents. We estimate that 25% of the 15 
burden hours (4 hours per response) is prepared by the company for a 
total reporting burden of 52 hours (4 hours per response x 13 
responses). The remaining 75% of the burden hours is attributed to 
outside cost.
    Form T-2 (17 CFR 269.2) is a statement of eligibility of an 
individual trustee to serve under an indenture relating to debt 
securities offered publicly. The information is used to determine 
whether the trustee is qualified to serve under the indenture. Form T-2 
takes approximately 9 hours per response to prepare and is filed by 36 
respondents. We estimate that 25% of the 9 burden hours (2 hours per 
responses) is prepared by the filer for a total reporting burden of 72 
hours (2 hours per response x 36 responses). The remaining 75% of the 
burden hours is attributed to outside cost.
    Form T-3 (17 CFR 269.3) is an application for qualification of an 
indenture under the Trust Indenture Act of 1939 (15 U.S.C. 77aaa et 
seq.). The information provided by Form T-3 is used by the staff to 
decide whether to qualify an indenture relating to securities offered 
to the public in an offering registered under the Securities Act of 
1933 (15 U.S.C. 77a et seq.). Form T-3 takes approximately 43 hours per 
response to prepare and is filed by 78 respondents. We estimate that 
25% of the 43 burden hours (11 hours per response) is prepared by the 
filer for a total reporting burden of 858 hours (11 hours per response 
x 78 responses). The remaining 75% of the burden hours is attributed to 
outside cost.
    Form T-4 (17 CFR 269.4) is used to apply for an exemption pursuant 
to Section 304(c) (15 U.S.C. 77ddd (c)) of the Trust Indenture Act of 
1939 (77 U.S.C. 77aaa et seq.) and is transmitted to shareholders. Form 
T-4 takes approximately 5 hours per response to prepare and is filed by 
3 respondents. We estimate that 25% of the 5 burden hours (1 hour per 
response) is prepared by the filer for a total reporting burden of 3 
hours (1 hour per response x 3 responses). The remaining 75% of the 
burden hours is attributed to outside cost.
    Written comments are invited on: (a) Whether these proposed 
collections of information are necessary for the performance of the 
functions of the agency, including whether the information will have 
practical utility; (b) the accuracy of the agency's estimate of the 
burden imposed by the collections of information; (c) ways to enhance 
the quality, utility, and clarity of the information collected; and (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. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comment to R. Corey Booth, Director/
Chief Information Officer, Securities and Exchange Commission, C/O 
Shirley Martinson 6432 General Greenway, Alexandria, Virginia 22312; or 
send an e-mail to: PRA_Mailbox@sec.gov.

     Dated: August 14, 2006.
Nancy M. Morris,
Secretary.
 [FR Doc. E6-13723 Filed 8-18-06; 8:45 am]

BILLING CODE 8010-01-P