98-4622. Proposed Collection; Comment Request Entitled Contract Financing

[Federal Register Volume 63, Number 36 (Tuesday, February 24, 1998)]
[Notices]
[Page 9212]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4622]



[[Page 9212]]

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DEPARTMENT OF DEFENSE

GENERAL SERVICES ADMINISTRATION

NATIONAL AERONAUTICS AND SPACE ADMINISTRATION

[OMB Control No. 900-0138]


Proposed Collection; Comment Request Entitled Contract Financing

AGENCIES: Department of Defense (DOD), General Services Administration 
(GSA), and National Aeronautics and Space Administration (NASA).

ACTION: Notice of request for comments regarding a revision to an 
existing OMB clearance.

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SUMMARY: Under the provisions of the Paperwork Reduction Act of 1995 
(44 U.S.C. Chapter 35), the Federal Acquisition Regulation (FAR) 
Secretariat will be submitting to the Office of Management and Budget 
(OMB) a request to review and approve a revision to a currently 
approved information collection requirement concerning Contract 
Financing. The clearance currently expires on May 31, 1998.

DATES: Comments may be submitted on or before April 27, 1998.

FOR FURTHER INFORMATION CONTACT: Jerry Olson, Federal Acquisition 
Policy Division, GSA [phone].

ADDRESSES: Comments regarding this burden estimate or any other aspect 
of this collection of information, including suggestions for reducing 
this burden, should be submitted to: FAR Desk Officer, OMB, Room 10102, 
NEOB, Washington, DC 20503, and a copy to the General Services 
Administration, FAR Secretariat, 1800 F Street, NW, Room 4037, 
Washington, DC 20405. Please cite OMB Control No. 9000-0138, Contract 
Financing, in all correspondence.

SUPPLEMENTARY INFORMATION:

A. Purpose

    The Federal Acquisition Streamlining Act of 1994, Pub. L. 103-355, 
provided authorities that streamlined the acquisition process and 
minimize burdensome government-unique requirements. Sections 2001 and 
2051 of the Federal Acquisition Streamlining Act of 1994 substantially 
changed the statutory authorities for Government financing of 
contracts. Sections 2001(f) and 2051(e) provide specific authority for 
Government financing of purchases of commercial items, and sections 
2001(b) and 2051(b) substantially revised the authority for Government 
financing of purchases of non-commercial items.
    Sections 2001(f) and 2051(e) provide specific authority for 
Government financing of purchases of commercial items. These paragraphs 
authorize the Government to provide contract financing with certain 
limitations.
    Sections 2001(b) and 2051(b) also amended the authority for 
Government financing of non-commercial purchases by authorizing 
financing on the basis of certain classes of measures of performance.
    To implement these changes, DOD, NASA, and GSA amended the Federal 
Acquisition Regulation by revising Subparts 32.0, 32.1, and 32.5; by 
adding new Subparts 32.2 and 32.10; and by adding new clauses to 
52.232.
    The coverage enables the Government to provide financing to assist 
in the performance of contracts for commercial items and provide 
financing for non-commercial items based on contractor performance.

B. Annual Reporting Burden

    Public reporting burden for this collection of information is 
estimated to average 2 hours per request for commercial financing and 2 
hours per request for performance-based financing, including the time 
for reviewing instructions, searching existing data sources, gathering 
and maintaining the data needed, and completing and reviewing the 
collection of information.
    The annual reporting burden for Commercial Financing is estimated 
as follows: Respondents, 1,000; responses per respondent, 5; total 
annual responses, 5,000; preparation hours per response, 2; and total 
response burden hours, 10,000.
    The annual reporting burden for Performance-Based Financing is 
estimated as follows: Respondents, 500; responses per respondent, 12; 
total annual responses, 6,000; preparation hours per response, 2; and 
total response burden hours, 12,000.

Obtaining Copies of Proposals

    Requester may obtain a copy of the justification from the General 
Services Administration, FAR Secretariat (MVRS), 1800 F Street, NW, 
Room 4037, Washington, DC 20405, telephone [phone]. Please cite 
OMB Control No. 9000-0138, Contract Financing, in all correspondence.

    Dated: February 19, 1998.
Sharon A. Kiser,
FAR Secretariat.
[FR Doc. 98-4622 Filed 2-23-98; 8:45 am]
BILLING CODE 6820-34-P