[Federal Register Volume 62, Number 43 (Wednesday, March 5, 1997)]
[Notices]
[Pages 10109-10110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5346]


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DEPARTMENT OF TRANSPORTATION
Maritime Administration
[Docket No. M-030]


Information Collection Available for Public Comments and 
Recommendations

Action: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Maritime Administration's (MARAD's) intentions to 
request extension of approval for three years of a currently approved 
information collection.

DATES: Comments should be submitted on or before May 5, 1997.

FOR FURTHER INFORMATION CONTACT: David Lippold, Division of Capital 
Assets Management, Office of Ship Financing, Maritime Administration, 
MAR-533, Room 8122, 400 Seventh Street, S.W., Washington, DC 20590. 
Telephone (202) 366-5744 or FAX (202) 366-3954. Copies of this 
collection can also be obtained from that office.

SUPPLEMENTARY INFORMATION:

    Title of Collection: Capital Construction Fund and Exhibits.
    Type of Request: Extension of currently approved information 
collection.
    OMB Control Number: 2133-0027.
    Form Number: No Maritime Administration form is required; only a 
format specified in 46 CFR Part 390, ``Capital Construction Fund''.
    Expiration Date of Approval: April 30, 1997.
    Summary of Collection of Information: The collection consists of 
application for a Capital Construction Fund agreement under section 607 
of the Merchant Marine Act, 1936 as amended, and annual submissions of 
appropriate schedules and exhibits. The Capital Construction Fund is a 
tax deferred ship construction fund that was created to assist owners 
and operators of U.S.-flag vessels in accumulating the large amount of 
capital necessary for the modernization and expansion of the U.S. 
merchant marine. The program encourages construction, reconstruction, 
or acquisition of vessels through the deferment of Federal income taxes 
on certain deposits of money or property placed into a CCF.
    Need and Use of the Information: The collected information is used 
by the Maritime Administration to determine an applicant's eligibility 
to enter into a CCF Agreement.
    Description of Respondents: U.S. citizens which own or lease one or 
more

[[Page 10110]]

eligible vessels and that have a program to provide for the 
acquisition, construction or reconstruction of a qualified vessel as 
defined in section 607(k)(2) of the Act.
    Annual Responses: 130.
    Annual Burden: 15.4 hours average per year per respondent.
    Comments: Send all comments regarding this information collection 
to Joel C. Richard, Department of Transportation, Maritime 
Administration, MAR-120, Room 7210, 400 Seventh Street, S.W., 
Washington, D.C. 20590. Send comments regarding whether this 
information collection is necessary for proper performance of the 
function of the agency and will have practical utility, accuracy of the 
burden estimates, ways to minimize this burden, and ways to enhance 
quality, utility, and clarity of the information to be collected.

    By Order of the Maritime Administrator.

    Dated: February 27, 1997.
Joel C. Richard,
Secretary.
[FR Doc. 97-5346 Filed 3-4-97; 8:45 am]
BILLING CODE 4910-81-P