[Federal Register Volume 68, Number 219 (Thursday, November 13, 2003)]
[Notices]
[Pages 64319-64320]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-28380]


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DEPARTMENT OF COMMERCE

National Oceanic and Atmospheric Administration

[I.D. 110503C]


Proposed Information Collection; Comment Request; Interim Capital 
Construction Fund Agreement and Certificate Family of Forms

AGENCY: National Oceanic and Atmospheric Administration (NOAA).

ACTION: Notice.

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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 January 12, 
2004.

ADDRESSES: Direct all written comments to Diana Hynek, Departmental 
Paperwork Clearance Officer, Department of Commerce, Room 6625, 14th 
and Constitution Avenue, NW., Washington, DC 20230 (or via the Internet 
at [email protected]).

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument and instructions should 
be directed to Charles L. Cooper, Financial Services Division, Office 
of Constituency Services, National Marine Fisheries Service, 1315 East 
West Highway, Silver Spring, MD 20910 at 301-713-2396, ext. 213, or at 
[email protected].

SUPPLEMENTARY INFORMATION:

I. Abstract

    The respondents will be commercial fishing industry individuals, 
partnerships, and corporations that want to enter into Capital 
Construction Fund agreements with the Secretary of Commerce. Such 
agreements allow deferral of Federal taxation on fishing vessel income 
deposited into a fund for the respondent for use in the acquisition, 
construction, or reconstruction of a fishing vessel. 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the amount withdrawn from the fund for its acquisition, construction, 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 information collected from agreement holders is 
used to determine their eligibility to participate in the Capital 
Construction Fund Program pursuant to 50 CFR part 259.
    At the completion of the construction/reconstruction, a certificate 
to that effect must be submitted.

II. Method of Collection

    The information will be collected on forms: the Fishing Vessel 
Capital Construction Fund 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: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,000.
    Estimated Time Per Response: 3.5 hours for agreement; and 1 hour 
for a certificate.
    Estimated Total Annual Burden Hours: 2,250.
    Estimated Total Annual Cost to Public: $3,145.

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

[[Page 64320]]

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: November 4, 2003.
Gwellnar Banks,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 03-28380 Filed 11-12-03; 8:45 am]
BILLING CODE 3510-22-S