[Federal Register Volume 65, Number 82 (Thursday, April 27, 2000)]
[Notices]
[Pages 24685-24686]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-10483]


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EMERGENCY OIL AND GAS GUARANTEED LOAN BOARD


Submission for OMB Review; Comment Request

    The Emergency Oil and Gas Guaranteed Loan Board has submitted to 
the Office of Management and Budget (OMB) for clearance the following 
proposal for collection of information under the provisions of the 
Paperwork Reduction Act (44 U.S.C. Chapter 35). This collection has 
been submitted under the emergency Paperwork Reduction Act procedures.

[[Page 24686]]

    Agency: Emergency Oil and Gas Guaranteed Loan Board.
    Title: Guarantee Agreement.
    Agency Form Number: None.
    OMB Approval Number: None.
    Type of Request: New collection--Emergency Review.
    Burden: 1,475 hours.
    Number of Respondents: 20.
    Average Hours per Response: 80.
    Needs and Uses: Pursuant to ``The Emergency Oil and Gas Guaranteed 
Loan Program Act of 1999,'' Chapter 2, Public Law 106-51, the Emergency 
Oil and Gas Guaranteed Loan Board developed a guarantee agreement that 
must be signed by qualified oil and gas companies that receive loan 
guarantees. The information being collected will be used and is 
necessary to ensure that the applicant is meeting the conditions of the 
guarantee agreement and to protect the Federal government from default 
and/or fraud. The information is also required as supporting 
documentation for annual or other audits that may be conducted by or on 
behalf of the Board or by the General Accounting Office (GAO) for as 
long as the guarantee agreement is in effect.
    Affected Public: Businesses.
    Frequency: Quarterly and, if applicable, in the event of 
noncompliance with terms of the guarantee agreement.
    Respondent's Obligation: Voluntary but required to obtain a loan 
guarantee.
    OMB Desk Officer: David Rostker, (202) 395-3897.
    Copies of the above information collection proposal can be obtained 
by calling or writing Linda Engelmeier, DOC Forms Clearance Officer, 
(202) 482-3272, Department of Commerce, Room 5027, 14th and 
Constitution Avenue, NW, Washington, DC 20230.
    Written comments and recommendations for the proposed information 
collection should be sent to David Rostker, OMB Desk Officer, Room 
10202, New Executive Office Building, 725 17th Street, NW, Washington, 
DC 20503. A clearance has been requested by May 12, 2000.

    Dated: April 21, 2000.
Linda Engelmeier,
Departmental Forms Clearance Officer, Office of the Chief Information 
Officer.
[FR Doc. 00-10483 Filed 4-26-00; 8:45 am]
BILLING CODE 3510-BP-P