[Federal Register Volume 65, Number 134 (Wednesday, July 12, 2000)]
[Notices]
[Pages 42996-42997]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-17592]


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

EMERGENCY OIL AND GAS GUARANTEED LOAN BOARD


Emergency Oil and Gas Guaranteed Loan Program; Guarantee 
Agreement

ACTION: Proposed collection; comment request.

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

SUMMARY: The Emergency Oil and Gas Guaranteed Loan Board, 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 the 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 September 11, 
2000.

ADDRESSES: Direct all written comments to Linda Engelmeier, 
Departmental Forms Clearance Officer, (202) 482-3272, Email 
[email protected]., Department of Commerce, Room 6086, 14th & 
Constitution Avenue, NW., Washington, DC 20230.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument and instructions should 
be directed to: Daniel J. Rooney, Executive Secretary, Emergency Oil 
and Gas Guaranteed Loan Board, Room 2500, 1401 Constitution Ave, NW., 
Washington, DC 20230; phone: (202) 219-0575, and fax: (202) 219-0585.

SUPPLEMENTARY INFORMATION:

I. Abstract

    Pursuant to ``The Emergency Oil and Gas Guaranteed Loan 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

[[Page 42997]]

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.

II. Method of Collection

    The application forms, the guarantee documents and the National 
Environmental Policy Act submission forms will all be available on the 
Department of Commerce's website. Applicants may download the required 
forms.

III. Data

    OMB Number: 3003-0002.
    Form Number: ELB-1.
    Type of Review: Regular submission.
    Affected Public: Business or other for-profit.
    Estimated Number of Respondents: 23.
    Estimated Time Per Response: 80 hours.
    Estimated Total Annual Burden Hours: 1,475 hours.
    Estimated Total Annual Cost: $124,900 (Government $60,000, 
Respondents $64,900).

IV. Requested 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: July 7, 2000.
Madeleine Clayton,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 00-17592 Filed 7-11-00; 8:45 am]
BILLING CODE 3510-DR-P