PUBLIC NOTICE
     FEDERAL COMMUNICATIONS COMMISSION
     1919 M STREET N.W.
     WASHINGTON, D.C.  20554
     
     News media information 202/418-0500.
            

PUBLIC INFORMATION COLLECTION REQUIREMENTS SUBMITTED TO
OFFICE OF MANAGEMENT      AND BUDGET FOR REVIEW



The Federal Communications Commission has submitted the following information collection requirement
to OMB for review and clearance under the Paperwork Reduction Act of 1980 (44 U.S.C. 3507).

Copies of this submission may be purchased from the Commission's copy contractor, International
Transcription Service, Inc., 2100 M Street, N.W., Suite 140, Washington, DC  20037, (202) 857-3800.  For
further information on this submission contact Judy Boley, Federal Communications Commission, (202)
418-0214.  Persons wishing to comment on this information collection should contact Timothy Fain, Office
of Management and Budget, Room 10236 NEOB, Washington, DC  20503, (202) 395-3561.


Please note:  On February 25, 1994 The Commission issued a Final Rule (contained in the First Report and
Order to  PP Docket 93-253) implementing Section 309(1) of the Communications Act - Competitive
Bidding. This rule requires that an application for voluntary transfer of control or assignment under
Sections 1.924, 21.38, 22.39, 90.153, 94.47,  and 95.821 where the license was acquired by the
transferor or assignor through a system of random selection shall together with its application for transfer of
control or assignment, file with the Commission the associated contracts for sale, option agreements,
management agreements, or other documents disclosing the consideration that the applicant would receive
in return for the transfer or assignment of its license.  This information should include not only a monetary
purchase price, but also any future, contingent, in-kind, or other consideration (e.g., management or
consulting contracts either with or without an option to purchase; below-market financing).   These limited
reporting requirements will enable the Commission to evaluate whether further restrictions are needed.  

At that time the Commission determined the new or modified information collection and/or record
retention requirements imposed by this Rule were not subject to the Paperwork Reduction Act of 1980 44
U.S.C. 3501 - 3520.  Upon further evaluation, the Commission is now requesting expedited  OMB review
of this item by April 18, 1995, under the provisions of 5 CFR 1320.18.

OMB Number:                               None
Title:     Implementation of Section 309(j) of the Communications Act, Competitive
           Bidding, PP Docket 93-253, First Report and Order
Action:    Existing collection in use without OMB control number. 
Respondents:                              Business or other for-profit                                                                    
Frequency of Response:  On occassion
Estimated Annual Burden: 1,100 respondents; 1 hour per response; 1,100 hours total annual burden. 
                 
Needs and Uses:                            The Commission will use the information to determine whether the public
                                          interest would be served by granting a transfer of control or an assigment of a
                                          license awarded through lottery procedures.

           The foregoing estimates include the time for reviewing instructions, searching
           existing data sources, gathering and maintaining the data needed, and completing
           and reviewing the burden estimates or any other aspect of the collection of
           information including suggestions for reducing the burden to the Federal
           Communications Commission, Records Management Branch, Paperwork
           Reduction Project, Washington, DC 20554.








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