[Federal Register Volume 64, Number 83 (Friday, April 30, 1999)]
[Notices]
[Pages 23262-23263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-10812]


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DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation


Notice of Request for Extension and Revision of a Currently 
Approved Information Collection

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Commodity Credit Corporation's (CCC) intention to 
request an extension for and revision to a currently approved 
information collection in support of the CCC/ Export Credit Guarantee 
Program (GSM-102) and the CCC/ Intermediate Export Credit Guarantee 
Program (GSM-103) based on re-estimates.

DATES: Comments on this notice must be received by June 29, 1999 to be 
assured of consideration.

ADDITIONAL INFORMATION OR COMMENTS: Contact L. T. McElvain, Director, 
Commodity Credit Corporation Operations Division, Foreign Agricultural 
Service, U.S. Department of Agriculture, AgBox 1035, Washington, DC 
20250-1035, telephone (202) 720-6211.

SUPPLEMENTARY INFORMATION:
    Title: CCC/Export Credit Guarantee Program (GSM-102) and CCC/
Intermediate Export Credit Guarantee Program (GSM-103).
    OMB Number: 0551-0004.
    Expiration Date of Approval: September 30, 1999.
    Type of Request: Extension and revision of a currently approved 
information collection.
    Abstract: The primary objective of the GSM-102 and GSM-103 programs 
is to expand U.S. agricultural exports by making available export 
credit guarantees to encourage U.S. private sector financing of foreign 
purchases of U.S. agricultural commodities on credit terms. These CCC 
programs are currently available with respect to exporters to more than 
25 countries and 12 country regions with more than 1,500 exporters 
currently eligible to participate. Under 7 CFR Part 1493, exporters are 
required to submit the following: (1) Information required for program 
participation as outlined in section 1493.30, (2) export sales 
information in connection with applying for a payment guarantee under 
section 1493.40, (3) evidence of export in section 1493.80, (4) notice 
of default and claims for loss under section 1493.110, and (5) 
miscellaneous provisions, including assignment of the proceeds and 
review of the regulations found in section 1493.140. In addition, each 
exporter and exporter's assignee (U.S. financial institution) must 
maintain records on all information submitted to CCC and in connection 
with sales made under the GSM-102 and GSM-103 programs as set forth in 
section 1493.140. The information collected is used by CCC to manage, 
plan, evaluate and account for Government resources. The reports and 
records are required to ensure the proper and judicious use of public 
funds.
    Estimate of Burden: The public reporting burden for these 
collections is estimated to average 2.62 hours per response.
    Respondents: U.S. Exporters of U.S. agricultural commodities, U.S. 
banks or other financial institutions, producer associations, U.S. 
export trade associations, and U.S. Government agencies.
    Estimated Number of Respondents: 227 per annum.
    Estimated Number of Responses per Respondent: 117 per annum.
    Estimated Total Annual Burden of Respondents: 5,440.48 hours.
    Copies of this information collection can be obtained from Kimberly 
Chisley, the Agency Information Collection Coordinator, at (202) 720-
2568.
    Requests for comments: Comments are requested regarding: (a) 
Whether the proposed collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the proposed collection of 
information including the validity of the methodology and assumptions 
used; (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 those who are to respond, including 
through the use of automated, electronic, mechanical, or other 
technological collection techniques or other forms of information 
technology.

[[Page 23263]]

Comments may be sent to L.T. McElvain, Director, Commodity Credit 
Corporation Operations Division, Foreign Agricultural Service, U.S. 
Department of Agriculture, AgBox 1035, Washington, DC 20250-1035.
    All responses to this notice will be summarized and included in the 
request for OMB approval. All comments will also become a matter of 
public record.

    Signed at Washington, DC April 21, 1999.
Timothy J. Galvin,
Acting Administrator, Foreign Agricultural Service and Acting Vice 
President, Commodity Credit Corporation.
[FR Doc. 99-10812 Filed 4-29-99; 8:45 am]
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