OPIC should avoid unnecessary reinstatement requests. This collection should be reported as a violation in OMB's annual Information Collection Budget (ICB).
Inventory as of this Action
Requested
Previously Approved
12/31/2015
36 Months From Approved
30
0
0
450
0
0
33,750
0
0
The project information report is being reinstated, it is necessary to elicit and record the information on the developmental, environmental, and U.S. economic effects of OPIC-assisted projects. OPIC mgmt & amp; amp; amp; amp; staff uses the information for monitoring projects & reporting.
The collection is being reinstated, do to business processes. The burden increase is an estimated annualized cost to respondents (75/hr x 450 hours)= $33,750. Annual reporting is not required: information is collected only once per investment.
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.