Document ID: SEC-2006-0915-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-07-20T04:00Z

[Federal Register: July 20, 2006 (Volume 71, Number 139)]
[Notices]               
[Page 41281]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20jy06-89]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension: Form SB-1; OMB Control No. 3235-0423; SEC File No. 270-
374.

    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 collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Small business issuers use Form SB-1 (17 CFR 239.9), as defined in 
Rule 405 (17 CFR 230.405) of the Securities Act of 1933 (``Securities 
Act'') (15 U.S.C. 77a et seq.), to register up to $10 million of 
securities to be sold for cash, if they have not registered more than 
$10 million in securities offerings in any continuous 12-month period, 
including the transaction being registered. The information to be 
collected is intended to ensure the adequacy of information available 
to investors in the registration of securities and assures public 
availability of the information. Approximately 17 respondents file Form 
SB-1 annually at an estimated 708 hours per response for a total of 
12,036 annual burden hours. We further estimate that 25% of the total 
burden (3,009 hours) is prepared by the company and the remaining 75% 
of the total burden hours is prepared by outside counsel retained by 
the company.
    Written comments are invited on: (a) Whether this proposed 
collections of information is necessary for the proper 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 of the collection of information collection 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 comments to R. Corey Booth, Director/
Chief Information Officer, Securities and Exchange Commission, C/O 
Shirley Martinson 6432 General Green Way, Alexandria, Virginia 22312; 
or send an e-mail to: PRA_Mailbox@sec.gov.

     Dated: June 28, 2006.
 J. Lynn Taylor,
 Assistant Secretary.
 [FR Doc. E6-11496 Filed 7-19-06; 8:45 am]

BILLING CODE 8010-01-P