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: 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 March 21, 1997, in 62 FR 13589, at which time a 60-calendar

day comment period was announced. This comment period ended on May 21,

1997. No comments were received in response to the notice.

This information collection submission has not been solicited 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 collected techniques and uses of other forms of technology.

The proposed form under review is summarized below.

DATES: Comments must be received on or before July 3, 1997.

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.

FOR FURTHER INFORMATION CONTACT:

OPIC Agency Submitting Officer: Lena Paulsen, Manager, Information

Center, Overseas Private Investment Corporation, 1100 New York Avenue,

N.W., Washington, D.C. 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, N.W.,

Washington, D.C. 20503, 202/395-5871.

Summary of Form Under Review

Type of Request: New form.

Title: Small Business Application for Financing.

Form Number: OPIC 220.

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: 3 hours per project.

Number of Responses: 100 per year.

Federal Cost: $3,000.00 per year.

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

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

[[Page 30339]]

Abstract (Needs and Uses): The application is sent to U.S.

companies requesting information concerning OPIC's finance program. The

information provided by these companies is reviewed by OPIC finance

officers to determine the soundness of the proposed project and the

applicants qualification for receiving OPIC financial assistance.

Dated: May 22, 1997.

James R. Offutt,

Assistant General Counsel, Department of Legal Affairs.

[FR Doc. 97-14356 Filed 6-2-97; 8:45 am]

BILLING CODE 3210-01-M