96-15160. Overseas Private Investment Corporation; Submission for OMB Review; Comment Request

[Federal Register Volume 61, Number 116 (Friday, June 14, 1996)]
[Notices]
[Page 30257]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15160]



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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 is preparing an 
information collection request for OMB review and approval and to 
request public review and comment on the submission. Comments are 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 by no later than August 13, 1996.

ADDRESSES: Copies of the subject form and the request for review 
prepared for submission to OMB may be obtained from the Agency 
Submitting Officer. Comments on the form should be submitted to the 
Agency Submitting Officer.

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.

Summary of Form Under Review

    Type of Request: Revision.
    Title: Sponsor Disclosure Report--In Support of an Application for 
Financing.
    Form Number: OPIC 129.
    Frequency of Use: Once per project sponsor per project.
    Type of Respondents: Individuals, Business, or other institutions.
    Standard Industrial Classification Codes: All.
    Description of Affected Public: U.S. Companies or Individuals 
investing overseas in emerging economies.
    Reporting Hours: 4 hours per project.
    Number of Responses: 70 per year.
    Federal Cost: $1,200.
    Authority for Information Collection: Sections 231 and 234 (b) and 
(c) of the Foreign Assistance Act of 1961, as amended.
    Abstract (Needs and Uses): The Sponsor Disclosure Report--In 
Support of an Application for Financing, requests information as 
required per OPIC's governing legislation. Such information is needed 
to determine whether a project and its sponsor meet eligibility 
criteria for OPIC financing, specifically with regard to 
creditworthiness, effects on the U.S. economy, and legislative and 
regulatory compliance.

    Dated: June 11, 1996.
James R. Offutt,
Assistant General Counsel, Department of Legal Affairs.
[FR Doc. 96-15160 Filed 6-13-96; 8:45 am]
BILLING CODE 3210-01-M