Submission for OMB Review; Comment Request

INTERNATIONAL DEVELOPMENT COOPERATION AGENCY

Overseas Private Investment Corporation

Submission for OMB Review; Comment Request

AGENCY: Overseas Private Investment Corporation, IDCA.

ACTION: Request for Comments.

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SUMMARY: This is a revised Notice which supersedes the Notice published

May 1, 1996, in 61 FR 19319. The Notice has been revised to extend the

public comment request period to 60 days. At OPIC's request, the Office

of Management and Budget (OMB) is reviewing this information collection

for emergency processing for 90 days, under OMB control number 3420-

0011.

Under the provisions of the Paperwork Reduction Act (44 U.S.C.

chapter 35), agencies are required to publish a Notice in the Federal

Register notifying the public that the Agency is preparing an

information collection request for OMB review and approval and to

request public review and comment on the submission.

Comments are being solicited on the need for the information, its

practical utility, the accuracy of the Agency's burden estimate, and on

ways to minimize the reporting burden, including automated collection

techniques and uses of other forms of technology.

The proposed form under review is summarized below.

DATES: Comments must be received within 60 calendar days of this

Notice.

ADDRESSES: Copies of the subject form and the request for review

prepared for submission to OMB may be obtained from the Agency

Submitting Officer. Comments on the form should be submitted to the

Agency Submitting Officer.

FOR FURTHER INFORMATION CONTACT:

OPIC Agency Submitting Officer: Lena Paulsen, Manager, Information

Center, Overseas Private Investment Corporation, 1100 New York Avenue

NW., Washington, DC 20527; 202/336-8565.

SUMMARY OF FORM UNDER REVIEW:

Type of Request: Revised form.

Title: Application for Political Risk Investment Insurance.

Form Number: OPIC-52.

Frequency of Use: Once per investor per project.

Type of Respondents: Business or other institutions (Except farms);

individuals.

Standard Industrial Classification Codes: All.

Description of Affected Public: U.S. companies or citizens

investing overseas.

Reporting Hours: 5 hours per project.

Number of Responses: 160 per year.

Federal Cost: $3,200 per year.

Authority for Information Collection: Sections 231, 234(a), 239(d),

and 240A of the Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): The application is the principal

document used by OPIC to determine the investor's and project's

eligibility, assess the environmental impact and developmental effects

of the project, measure the economic effects for the United States and

the host country economy, and collect information for underwriting

analysis.

Dated: May 8, 1996.

James R. Offutt,

Assistant General Counsel, Department of Legal Affairs.

[FR Doc. 96-11969 Filed 5-13-96; 8:45 am]

BILLING CODE 3210-01-M