A guaranty agency is a State or
private nonprofit entity that performs certain administrative roles
in the FFEL program. Their reserve funds contain Federal money.
Some agencies are involved in separately funded non-FFEL guaranty
activities. If such an agency uses personnel and resources to
perform both its FFEL and other activities, it must develop and
comply with a plan for allocating costs to ensure that Federal
funds are not used to subsidize the agency's non-FFEL guaranty
activities. The agency will be required to submit its cost
allocation plan to the Secretary upon request.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.