Application for Project Finance

Forms and Documents

Document Name	Status
Form OPIC-115 Application for Project Finance Form	Modified
OPIC Form 115 -- Marked copy 2-23-18.docx Supplementary Document	2018-03-05
OPIC 115 - Supporting Statement.docx Supporting Statement A	2018-03-05

IC Document Collections

IC ID	Document Title	Status
35919	Application for Project Finance Form	Modified

ICR Details

OMB Control No: 3420-0015	ICR Reference No: 201803-3420-001
Status: Active	Previous ICR Reference No: 201503-3420-002
Agency/Subagency: OPIC	Agency Tracking No: OPIC-115
Title: Application for Project Finance
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/26/2018
	Date Received in OIRA: 03/05/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2021	36 Months From Approved	04/30/2018
Responses	220	0	200
Time Burden (Hours)	330	0	150
Cost Burden (Dollars)	24,750	0	11,250

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Abstract: The application is the principal document used by OPIC to determine the investor's and the project's eligibility for project financing and collect information for financial underwriting analysis.

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Authorizing Statute(s): US Code: 22 USC 231, 234(b)-(c), 239(d), 240A Name of Law: Foreign Assitance Act of 1961
  

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:
	82 FR 58456	12/12/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 9032	03/02/2018
Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
Application for Project Finance	OPIC-115	Application for Project Finance

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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	220	200	0	20	0	0
Annual Time Burden (Hours)	330	150	0	180	0	0
Annual Cost Burden (Dollars)	24,750	11,250	0	13,500	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: Though the data collection itself has not changed, the assumption of the time per response has changed from 45 minutes to 1.5 hours to reflect feedback OPIC has received from applicants indicating that it takes more time than had been previously estimated for a respondent to answer the questions carefully and thoroughly. The number of responses has been increased from 200 to 220 to reflect the most recent annualized date from out collection systems. The amendment to the instructions for supporting documentation made in response to public comments received by OPIC is not expected to impact the estimated burden.

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Annual Cost to Federal Government: $11,809

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 03/05/2018

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