THIS INFORMATION
PACKAGE IS APPROVED WITH THE FOLLOWING CONDITIONS: 1) ANY CHANGES
IN THE ANNUAL OPERATING REPORT (AOR) AND/OR THE DEBT MANAGEMENT
REPORT (DMR) MADE AS A RESULT OF THIS PROPOSED RULEMAKING MUST BE
FORWARDED TO OMB FOR CLEARANCE BEFORE THEY CAN BE USED, AND 2) THE
AGENCY MUST SUBMIT FOR OMB CLEARANCE ALL NEW INFORMATION COLLECTION
INSTRUMENTS PRODUCED BY THIS RULEMAKING AND ADDRESS HOW THE
INFORMATION COLLECTED WILL BE USED TO DETERMINE INSTITUTIONAL
COMPLIANCE WITH DUE DILIGENCE REQUIREMENTS.
Inventory as of this Action
Requested
Previously Approved
06/30/1992
06/30/1992
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THE PROPOSED RULE PROTECTS THE FEDERAL
GOVERNMENT'S INTEREST IN THE LO FUND BY REQUIRING NURSING SCHOOLS
TO IMPROVE THEIR LOAN FUND MANAGEMEN BY REPORTING EXCESS CASH IN
THEIR LOAN FUND AT LEAST SEMI-ANNUALLY AND PROMPTLY REPORTING
UNCOLLECTIBLE LOANS TO PHS FOR REVIEW AND APPROVAL PRIOR TO WRITE
OFF.
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.