[Federal Register Volume 63, Number 163 (Monday, August 24, 1998)]
[Notices]
[Pages 45091-45092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-22564]


=======================================================================
-----------------------------------------------------------------------

INTERNATIONAL DEVELOPMENT COOPERATION AGENCY


Overseas Private Investment Corporation Submission for OMB 
Review; Comment Request

AGENCY: Overseas Private Investment Corporation, IDCA.

ACTION: Request for comments.

-----------------------------------------------------------------------

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 has prepared an 
information collection request for OMB review and approval and has 
requested public review and comment on the submission. OPIC published 
its first Federal Register Notice on this information collection 
request on June 16, 1998, in 63 FR #115, p. 32896, at which time a 60-
calendar day comment period was announced. This comment period ended 
August 17, 1998. No comments were received in response to this Notice.
    This information collection submission has now been submitted to 
OMB for review. Comments are again 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 on or before September 23, 1998.

ADDRESSES: Copies of the subject form and the request for review 
submitted to OMB may be obtained from the Agency Submitting Officer. 
Comments on the form should be submitted to the OMB Reviewer.

FOR FURTHER INFORMATION CONTACT:
    OPIC Agency Submitting Officer: Carol Brock, Records Manager, 
Overseas Private Investment Corporation, 1100 New York Avenue, NW., 
Washington, DC 20527; 202/336-8563.
    OMB Reviewer: Victoria Wassmer, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Docket Library, Room 10102, 725 17th Street, NW., 
Washington, DC 20503, 202/395-5871.

SUMMARY OF FORM UNDER REVIEW: 

[[Page 45092]]

    Type of Request: Reinstatement, without change, of a previously 
approved collection for which approval is expiring.
    Title: Application for Financing.
    Form Number: OPIC-115.
    Frequency of Use: Once per investor per project.
    Type of Respondents: Business or other institutions; individuals.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. companies or citizens 
investing overseas.
    Reporting Hours: 3 hours per project.
    Number of Responses: 300 per year.
    Federal Cost: $14,796 per year.
    Authority for Information Collection: Sections 231 and 234 (b) and 
(c) 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: August 18, 1998.
James R. Offutt,
Assistant General Counsel, Department of Legal Affairs.
[FR Doc. 98-22564 Filed 8-21-98; 8:45 am]
BILLING CODE 3210-01-M