SECTION 12. PAPERWORK

REDUCTION ACT

The collections of information contained in this Notice have been reviewed and approved by the Office of Management and Budget in accordance with the paperwork Reduction Act (44 U.S.C. 3507) under control number 1545–2160. 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.

The collections of information in this Notice are in sections 3, 5, 6, 7, and 8.b. of

this Notice. This information is required to implement and administer the New Clean Renewable Energy Bond (New CREBs) program under § 54C of the Code. Information collected under sections 3, 5, 7, and 8.b. of this Notice will be used by the IRS to determine (1) an Applicant’s eligibility to receive an allocation of volume cap for New CREBs and (2) the amount of available volume cap that may be allocated to each Applicant. Information collected under section 6 of this Notice will be used by the IRS to provide the public with information on how the volume cap has been allocated and to facilitate oversight of the New CREBs program. The collections of information are voluntary under section 6 of this Notice and required to obtain a benefit under sections 3, 5, 7, and 8.b. The likely respondents are state or local governments, certain public electric utilities, and certain mutual or cooperative electric companies.

The estimated total annual reporting and/or recordkeeping burden is 900 hours.

The estimated burden per collection per respondent/recordkeeper varies from 0.5 hours to 4 hours, depending on the type of collection and individual circumstances, with an estimated average of 2.25 hours. The estimated number of respondents and/or recordkeepers is 400.

The estimated annual frequency of responses (used for reporting requirements only) is 100.

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 section 6103.