[Federal Register: April 30, 1999 (Volume 64, Number 83)] [Notices] [Page 23262-23263] From the Federal Register Online via GPO Access [wais.access.gpo.gov] [DOCID:fr30ap99-36] ======================================================================= ----------------------------------------------------------------------- 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 and request for comments. ----------------------------------------------------------------------- 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 June 29, 1999 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: September 30, 1999. 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. These CCC programs are currently available with respect to exporters to more than 25 countries and 12 country regions with more than 1,500 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 programs as set forth 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 2.62 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: 5,440.48 hours. Copies of this information collection can be obtained from Kimberly Chisley, the Agency Information Collection Coordinator, at (202) 720- 2568. Requests for comments: Comments are requested 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. [[Page 23263]] 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 April 21, 1999. Timothy J. Galvin, Acting Administrator, Foreign Agricultural Service and Acting Vice President, Commodity Credit Corporation. [FR Doc. 99-10812 Filed 4-29-99; 8:45 am] BILLING CODE 3410-10-P