Overseas Private Investment Corporation; 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.

-----------------------------------------------------------------------

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 September 2, 1997, in 62 FR 169, p. 46372, at which time a

60-calendar day comment period was announced. This comment period ended

November 3, 1997. 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 December 22, 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

Carol Brock, Records Manager, Overseas Private Investment

Corporation, 1100 New York Avenue, NW., Washington, DC 20527; 202/336-

8563.

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: Extension of a currently approved collection.

Title: Contractors & Exporters Program: Application for Political

Risk Investment Insurance.

Form Number: OPIC-81.

Frequency of Use: One 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: 4 hours per form.

Number of Responses: 15 per year.

Federal Cost: $300 annually.

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 for the contractors and

exporters program 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: November 7, 1997.

James R. Offutt,

Assistant General Counsel, Department of Legal Affairs.

[FR Doc. 97-30579 Filed 11-20-97; 8:45 am]

BILLING CODE 3210-01-M