The Capital Construction Fund Program
allows commercial fishermen to enter into agreements with the
Secretary of Commerce to establish accounts to fund the
construction, reconstruction, or replacement of a fishing vessel.
Monies placed into the accounts receive tax deferral benefits.
Persons must apply for the program to establish their
eligibility.
US Code:
46 USC
27 Name of Law: Merchant Marine Act of 1936
The burden actually has not
changed, other than small increase in cost due to postage rate
increases. The original collection was split into the agreement and
related documents, and the certificate, for added clarity.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.