97-17793. Submission for OMB Review; Comment Request

[Federal Register Volume 62, Number 131 (Wednesday, July 9, 1997)]
[Notices]
[Page 36843]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17793]



[[Page 36843]]

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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 on or before September 8, 1997.

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, NW., Washington, DC 
20527; 202/336-8565.

Summary of Form Under Review

    Type of Request: Revised form.
    Title: Application for Political Risk Investment Insurance.
    Form Number: OPIC-52.
    Frequency of Use: Once 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? 6 hours per project plus an additional 2 hours for 
oil & gas projects.
    Number of Responses: 160 per year.
    Federal Cost: $4,000 per year.
    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 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: July 2, 1997.
James R. Offutt,
Assistant General Counsel, Department of Legal Affairs.
[FR Doc. 97-17793 Filed 7-8-97; 8:45 am]
BILLING CODE 3210-01-M