Overseas Private Investment Corporation; Submission for OMB Review; Comment Request

INTERNATIONAL DEVELOPMENT CORPORATION 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: 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 has prepared an

information collection request for OMB review and approval and has

requested public review and comment on the submission. OPIC published

its first Federal Register Notice on this information collection

request on June 14, 1996, in 61 FR 30257, at which time a 60 calendar-

day comment period was announced. This comment period ended on August

13, 1996. No comments were received in response to this Notice. This

information collection submission has now been submitted to OMB for

review. Comments are again 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 on or before September 19, 1996.

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

submitted to OMB may be obtained from the Agency Submitting Officer.

Comments on the form should be submitted to the OMB Reviewer and 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.

OMB Reviewer: Victoria Wassmer, Office of Information and

Regulatory Affairs, Office of Management and Budget, New Executive

Office Building, Docket Library, Room 10102, 725 17th Street, NW.,

Washington, DC 20503, 202/395-5871.

Summary of Form Under Review

Type of Request: Revision.

[[Page 43076]]

Title: Sponsor Disclosure Report in Support of an Application for

Financing.

Form Number: OPIC-129.

Frequency of Use: Once per project sponsor per project.

Type of Respondents: Individuals, business or other institutions.

Standard Industrial Classification Codes: All.

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

investing overseas in emerging economies.

Reporting Hours: 4 hours per project.

Number of Responses: 70 per year.

Federal Cost: $1,200 per year.

Authority for Information Collection: Sections 231 and 234 (b) and

(c) of the Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): The Sponsor Disclosure Report In Support

of an Application for Financing requests information as required per

OPIC's governing legislation. Such information is needed to determine

whether a project and its sponsor meet eligibility criteria for OPIC

financing, specifically with regard to creditworthiness, effects on the

U.S. economy, and legislative and regulatory compliance.

Dated: August 14, 1996.

Marc Monheimer,

Senior Commercial Counsel, Department of Legal Affairs.

[FR Doc. 96-21136 Filed 8-19-96; 8:45 am]

BILLING CODE 3210-01-M