[Federal Register Volume 61, Number 202 (Thursday, October 17, 1996)]
[Notices]
[Page 54215]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-26652]


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INTERNATIONAL DEVELOPMENT COOPERATION AGENCY

Submission for OMB Review; Comment Request

AGENCY: Overseas Private Investment Corporation, IDCA.

ACTION: Request for comments.

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SUMMARY: Under the provisions of the Paperwork Reduction Act (44 U.S.C. 
Chapter 35), agencies are required to publish a Notice in the Federal 
Register notifying the public that the Agency is preparing an 
information collection request for OMB review and approval and to 
request public review and comment on the submission. At OPIC's request, 
the Office of Management and Budget (OMB) is reviewing this information 
collection for emergency processing for 90 days, under OMB control 
number 3420-0011.
    Comments are being solicited on the need for the information, its 
practical utility, the accuracy of the Agency's burden estimate, and on 
ways to minimize the reporting burden, including automated collection 
techniques and uses of other forms of technology. The proposed form 
under review is summarized below.

DATES: Comments must be received within 60 calendar days of this 
Notice.

ADDRESSES: Copies of the subject form and the request for review 
prepared for submission to OMB may be obtained from the Agency 
Submitting Officer. Comments on the form should be submitted to the 
Agency Submitting Officer.
FOR FURTHER INFORMATION CONTACT:

OPIC Agency Submitting Officer

    Lena Paulsen, Manager, Information Center, Overseas Private 
Investment Corporation, 1100 New York Avenue, N.W., Washington, D.C. 
20527; 202/336-8565.

SUMMARY OF FORM UNDER REVIEW: 

    Type of Request: Revised form.
    Title: Application for Political Risk Investment Insurance.
    Form Number: OPIC-52.
    Frequency of Use: Once per investor per project.
    Type of Respondents: Business or other institutions (except farms); 
individuals.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 6 hours per project.
    Number of Responses: 160 per year.
    Federal Cost: $4,000 per year.
    Authority for Information Collection: Sections 231, 234(a), 239(d), 
and 240A of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The application is the principal 
document used by OPIC to determine the investor's and project's 
eligibility, assess the environmental impact and developmental effects 
of the project, measure the economic effects for the United States and 
the host country economy, and collect information for underwriting 
analysis.

    Dated: October 11, 1996.
James R. Offutt,
Assistant General Counsel, Department of Legal Affairs.
[FR Doc. 96-26652 Filed 10-16-96; 8:45 am]
BILLING CODE 3210-01-M