Fractional Aircraft Ownership Programs

Forms and Documents

Document	Type	Status	Availability
91K Authorizations-Limitations Templates.doc	Supplementary Document	Uploaded 2015-02-13	Repair queued
2120-0684 2015_revised.doc	Supporting Statement A	Uploaded 2015-09-15	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
25846	Fractional Aircraft Ownership Programs	Instruction	Modified

ICR Details

OMB Control No: 2120-0684	ICR Reference No: 201502-2120-002
Status: Historical Active	Previous ICR Reference No: 201307-2120-003
Agency/Subagency: DOT/FAA	Agency Tracking No:
Title: Fractional Aircraft Ownership Programs
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 09/15/2015
	Date Received in OIRA: 03/30/2015
Terms of Clearance: The agency updated their burden estimates.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2018	36 Months From Approved	09/30/2015
Responses	50,324	0	25,626
Time Burden (Hours)	18,499	0	19,609
Cost Burden (Dollars)	31,253	0	34,527

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Abstract: Fractional Ownership is a program that offers increased flexibility in aircraft ownership. Owners purchase shares of an aircraft and agree to share their aircraft with others having an ownership share in that same aircraft. Owners agree to put their aircraft into a "pool" of other shared aircraft and to lease their aircraft to another owner in that pool. The aircraft owners use a common management company to mantain the aircraft and administer the leasing of the aircraft among the owners.

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Authorizing Statute(s): US Code: 49 USC 40101 Name of Law: Policy
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 72056	12/04/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 7524	02/10/2015
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Fractional Aircraft Ownership Programs

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	50,324	25,626	0	0	24,698	0
Annual Time Burden (Hours)	18,499	19,609	0	0	-1,110	0
Annual Cost Burden (Dollars)	31,253	34,527	0	0	-3,274	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There are changes that reflect a reduction in the total number of part 91K operators and the increased number of aircraft to the one operator operating under part 91K and not part 135. This lowered the cumulative burden by roughly 10%. The estimate for 91.1015 and 91.1029 were improperly calculated previously and has been adjusted accordingly.

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Annual Cost to Federal Government: $99,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/30/2015

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