The regulations that provide guidance
to state and local governments that issue qualified zone academy
bonds and to banks, insurance companies, and other taxpayers that
hold those bonds on the program requirements for qualified zone
academy bonds. The final regulations implement the amendments to
section 1397E and provide guidance on the maximum term, permissible
use of proceeds, and remedial actions for qualified zone academy
bonds.
US Code:
26
USC 7805 Name of Law: Rules and regulations
US Code: 26
USC 1397E Name of Law: Credit to holders of qualified zone
academy bonds.
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.