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 May 12, 1998, in 63 FR #91, p. 26208, at which time a 60-

calendar day comment period was announced. This comment period ended

July 13, 1998. 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 within 30 calendar days of this

Notice.

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 Brook, 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: Revised form.

Title: Project Information Report.

Form Number: : OPIC-71.

Frequency of Use: On occasion; a function of the sampling criteria.

Maximum use is once per investor per contract.

Type of Respondents: Business or other institutions (except farms).

Standard Industrial Classification Codes: All.

Description of Affected Public: U.S. companies investing overseas.

Reporting Hours: 7 hours per project.

Number of Responses: 25 per year.

Federal Cost: $1,600 per year.

Authority for Information Collection: Title 22 U.S.C. 2191(k)(2)

and 2199 (h), Foreign Assistance Act of 1961, as amended.

Abstract (Needs and Uses): The Project Information Report is

necessary to elicit and record the information on the developmental,

environmental and U.S. economic effects of OPIC-assisted projects. The

information will be used by OPIC's staff and management solely as a

basis for monitoring these projects, and reporting the results in

aggregate form, as required by Congress.

Dated: July 14, 1998.

James R. Offutt,

Assistant General Counsel, Department of Legal Affairs.

[FR Doc. 98-19288 Filed 7-17-98; 8:45 am]

BILLING CODE 3210-01-M