[Federal Register Volume 61, Number 97 (Friday, May 17, 1996)]
[Notices]
[Page 24914]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-12461]
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Notices
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains documents other than rules
or proposed rules that are applicable to the public. Notices of hearings
and investigations, committee meetings, agency decisions and rulings,
delegations of authority, filing of petitions and applications and agency
statements of organization and functions are examples of documents
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Federal Register / Vol. 61, No. 97 / Friday, May 17, 1997 / Notices
[[Page 24914]]
DEPARTMENT OF AGRICULTURE
Commodity Credit Corporation
Notice of Request for Extension and Revision of a Currently
Approved Information Collection
AGENCY: Commodity Credit Corporation, USDA.
ACTION: Notice of request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this
notice announces the Commodity Credit Corporation's (CCC) intention to
request an extension for and revision to a currently approved
information collection in support of the CCC/Export Credit Guarantee
Program (GSM-102) and the CCC/Intermediate Export Credit Guarantee
Program (GSM-103) based on re-estimates.
DATES: Comments on this notice must be received by July 16, 1996 to be
assured of consideration.
ADDITIONAL INFORMATION OR COMMENTS: Contact L.T. McElvain, Director,
Commodity Credit Corporation Operations Division, Foreign Agricultural
Service, U.S. Department of Agriculture, AgBox 1035, Washington, DC
20250-1035, telephone (202) 720-6211.
SUPPLEMENTARY INFORMATION: .
Title: CCC/Export Credit Guarantee Program (GSM-102) and CCC/
Intermediate Export Credit Guarantee Program (GSM-103).
OMB Number: 0551-0004
Expiration Date of Approval: October 31, 1996.
Type of Request: Extension and revision of a currently approved
information collection.
Abstract: The primary objective of the GSM-102 and GSM-103 programs
is to expand U.S. agricultural exports by making available export
credit guarantees to encourage U.S. private sector financing of foreign
purchases of U.S. agricultural commodities on credit terms. The CCC
currently has programs operating in more than 25 countries and 6
country regions with more than 950 exporters currently eligible to
participate. Under 7 CFR Part 1493, exporters are required to submit
the following: (1) information required for program participation as
outlined in section 1493.30, (2) export sales information in connection
with applying for a payment guarantee under section 1493.40, (3)
evidence of export in section 1493.80, (4) notice of default and claims
for loss under section 1493.110, and (5) miscellaneous provisions,
including assignment of the proceeds and review of the regulations
found in section 1493.140. In addition, each exporter and exporter's
assignee (U.S. financial institution) must maintain records on all
information submitted to CCC and in connection with sales made under
the GSM-102 and GSM-103 program as outlined in section 1493.140. The
information collected is used by CCC to manage, plan, evaluate and
account for Government resources. The reports and records are required
to ensure the proper and judicious use of public funds.
Estimate of Burden: The public reporting burden for these
collections is estimated to average 3.97 hours per response.
Respondents: U.S. Exporters of U.S. agricultural commodities, U.S.
banks or other financial institutions, producer associations, U.S.
export trade associations, and U.S. Government agencies.
Estimated Number of Respondents: 227 per annum.
Estimated Number of Responses per Respondent: 117 per annum.
Estimated Total Annual Burden of Respondents: 6,473.67 hours.
Copies of this information collection can be obtained from Valerie
Countiss, the Agency Information Collection Coordinator, at (202) 720-
6713.
Requests for comments: Send comments regarding (a) whether the
proposed collection of information is necessary for the proper
performance of the functions of the agency, including whether the
information will have practical utility; (b) the accuracy of the
agency's estimate of the burden of the proposed collection of
information including the validity of the methodology and assumptions
used; (c) ways to enhance the quality, utility and clarity of the
information to be collected; and (d) ways to minimize the burden of the
collection of information on those who are to respond, including
through the use of automated, electronic, mechanical, or other
technological collection techniques or other forms of information
technology. Comments may be sent to L.T. McElvain, Director, Commodity
Credit Corporation Operations Division, Foreign Agricultural Service,
U.S. Department of Agriculture, AgBox 1035, Washington, DC 20250-1035.
All responses to this notice will be summarized and included in the
request for OMB approval. All comments will also become a matter of
public record.
Signed at Washington, DC, May 9, 1996.
Timothy J. Galvin,
Acting Administrator, Foreign Agricultural Service and Acting Vice
President, Commodity Credit Corporation.
[FR Doc. 96-12461 Filed 5-16-96; 8:45 am]
BILLING CODE 3410-05-M
