Overseas Private Investment Corporation (OPIC).
Request for comments.
Under the provision 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 Agency is preparing an information collection request for OMB review and approval and to request public review and comment on the submission.
At OPIC's request, OMB is reviewing this information collection for emergency processing for 90 days, under OMB control number 3420-0015
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 for other forms of technology. The proposed form under review is summarized below.
Comments must be received within 30 calendar days of this notice.
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.Start Further Info
FOR FURTHER INFORMATION CONTACT:
OPIC Agency Submitting Officer: Bruce Campbell, Record Manager, Overseas Private Investment Corporation, 1100 New York Avenue, NW., Washington, DC 20527; 202-336-8563.
Summary Form Under Review
Type of Request: Revised form.
Title: Application for Financing.
Form Number: OPIC 115.
Frequency of Use: Once per investor per project.
Type of Respondents: Business or other institution (except farms); individuals.
Standard Industrial Classification Codes: All.
Description Affected Public: U.S. companies or citizens investing overseas.
Reporting Hours: 3.5 hours per project.
Number of Responses: 300 per year.
Federal Cost: $15,750.
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 the project's eligibility for debt financing, assess the environmental impact and developmental effects of the project, measure the economic effects for the U.S. and the host country economy, and collection information for underwriting analysis.Start Signature
Dated: March 20, 2003.
Senior Counsel & FOIA Director.
[FR Doc. 03-7157 Filed 3-25-03; 8:45 am]
BILLING CODE 3210-01-M