[Federal Register Volume 62, Number 171 (Thursday, September 4, 1997)]
[Notices]
[Pages 46714-46715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-23419]


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DEPARTMENT OF COMMERCE

National Oceanic and Atmospheric Administration


Fisheries Capital Construction Fund Agreement, Application, and 
Certificate of Construction/Reconstruction

ACTION: Proposed collection; comment request.

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SUMMARY: The Department of Commerce, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments must be submitted on or before November 3, 
1997.

ADDRESSES: Direct all written comments to Linda Engelmeier, 
Departmental Forms Clearance Officer, Department of Commerce, Room 
5327, 14th and Constitution Avenue, NW, Washington DC 20230.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument(s) and instructions 
should be directed to Charles L. Cooper, Financial Services Division, 
Office of Sustainable Fisheries, National Marine Fisheries Service, 
1315 East West Highway, Silver Spring, Maryland 20910, (301) 713-2396.

SUPPLEMENTARY INFORMATION:

I. Abstract

    Respondents will be commercial fishing industry individuals, 
partnerships, or corporations which want to enter into Capital 
Construction Fund agreements with the Secretary of Commerce allowing 
deferral of Federal taxation on fishing vessel income deposited into 
the fund for use in the acquisition, construction, or reconstruction of 
fishing vessels. Deferred taxes are recaptured by reducing an agreement 
vessel's basis for depreciation by the amount withdrawn from the fund 
for its acquisition, construction, or reconstruction. The

[[Page 46715]]

information collected from applicants on these forms is used to 
determine their eligibility to participate in the Capital Construction 
Fund Program pursuant to 50 CFR Part 259.

II. Method of Collection

    The collection of information will be collected on Fishing Vessel 
CCF Application, the Interim Capital Construction Fund Agreement, and 
the Certificate of Construction/Reconstruction.

III. Data

    OMB Number: 0648-0090.
    Form Number: NOAA Form 88-14.
    Type of Review: Regular Submission.
    Affected Public: Businesses and other for profit organizations--
commercial fishermen, partnerships, and corporations with Capital 
Construction Fund agreements.
    Estimated Number of Respondents: 1,000.
    Estimated Time Per Response: 2.25 hours.
    Estimated Total Annual Burden Hours: 2,250.
    Estimated Total Annual Cost to Public: No capital, operations, or 
maintenance costs are expected.

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
(including hours and cost) of the proposed collection of information; 
(c) ways to enhance the quality, utility, and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
automated collection techniques or other forms of information 
technology.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; they also will become a matter of public record.

    Dated: August 26, 1997.
Linda Engelmeier,
Acting Departmental Forms Clearance Officer, Office of Management and 
Organization.
[FR Doc. 97-23419 Filed 9-3-97; 8:45 am]
BILLING CODE 3510-22-P