[Federal Register Volume 88, Number 74 (Tuesday, April 18, 2023)]
[Notices]
[Page 23727]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08095]


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DEPARTMENT OF TRANSPORTATION

Maritime Administration

[Docket No. DOT-MARAD-2023-0085]


Request for Comments on the Renewal of a Previously Approved 
Information Collection: Capital Construction Fund and Exhibits

AGENCY: Maritime Administration, DOT.

ACTION: 30-Day Federal Register notice.

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SUMMARY: The Maritime Administration (MARAD) invites public comments on 
our intention to request the Office of Management and Budget (OMB) 
approval to renew an information collection in accordance with the 
Paperwork Reduction Act of 1995. The information collected in the 
proposed collection OMB 2133-0027 (Capital Construction Fund and 
Exhibits) is necessary for MARAD to determine an applicant's 
eligibility to enter a Capital Construction Fund (CCF) Agreement, and 
their compliance with the requirements of this program. This collection 
is being revised to include additional respondents, responses, and 
burden hours, due to the recent approval of the Defense Authorization 
Act of 2023 expanding the current pool of eligible CCF program 
participants. We are required to publish this notice in the Federal 
Register by the Paperwork Reduction Act of 1995.

ADDRESSES: Written comments and recommendations for the proposed 
information collections should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Daniel Ladd, (202) 366-1859, Office of 
Financial Approvals, Maritime Administration, 1200 New Jersey Avenue 
SE, Washington, DC 20590, Email: [email protected].

SUPPLEMENTARY INFORMATION: A 60-day Federal Register notice soliciting 
comments on the following information collection was published on 
February 13, 2023 (88 FR 9322).
    Title: Capital Construction Fund and Exhibits.
    OMB Control Number: 2133-0027.
    Type of Request: Renewal of a previously approved information 
collection.
    Abstract: This information collection consists of an application 
for a Capital Construction Fund (CCF) agreement under 46 U.S.C. chapter 
535 and annual submissions of appropriate schedules and exhibits. The 
Capital Construction Fund is a tax-deferred ship construction fund that 
was created to assist owners and operators of U.S.-flag vessels in 
accumulating the large amount of capital necessary for the 
modernization and expansion of the U.S. merchant marine. The program 
encourages construction, reconstruction, or acquisition of vessels 
through the deferment of Federal income taxes on certain deposits of 
money or other property placed into a CCF.
    Respondents: U.S. citizens who own or lease one or more eligible 
vessels and who have or desire to establish a program to provide for 
the acquisition, construction, or reconstruction of a qualified vessel.
    Affected Public: Individuals and businesses.
    Estimated Number of Respondents: 243.
    Estimated Number of Responses: 243.
    Annual Estimated Total Annual Burden Hours: 3,281.
    Frequency of Response: Annually.

(Authority: The Paperwork Reduction Act of 1995; 44 U.S.C. chapter 
35, as amended; and 49 CFR 1.49.)
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    By Order of the Maritime Administrator.
T. Mitchell Hudson, Jr.,
Secretary, Maritime Administration.
[FR Doc. 2023-08095 Filed 4-17-23; 8:45 am]
BILLING CODE 4910-81-P