Justification for Nonsubstantive Change

1505-0263 Change Request Justification - PSP2 Application Portal 2021-01-08.docx

CARES Act Loan and Payroll Support Programs for Air Carriers and Other Eligible Businesses

Justification for Nonsubstantive Change

OMB: 1505-0263

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Department of the Treasury

Information Collection Request – Justification for Non-Substantive Change



Air Carrier Loan and Payroll Support Programs

OMB No. 1505-0263

Jan 8, 2021



Treasury requests a non-substantive change of OMB Control No. 1505-0263 in order to add a new instrument: the Payroll Support Program Extension (PSP2) Application Online Portal. This application was described and the burden for it estimated in the previously approved revision of 1505-0263, however the online portal was not sufficiently developed in time to include the screenshots in the previous revision. Along with the inclusion of this new instrument, Treasury is requesting approval for the full burden estimated in the previously approved supporting statement and copied for reference below.



Reporting

# Respondents

# Responses Per Respondent


Total annual Responses

Hours per response

Total Burden in Hours

Cost to Respondent

($49.54 per hour*)

PSP2 Applications and Agreements

570

1

570

2

1,140

$56,476

PSP2 Applications for Certain PSP1 Participants

30

1

30

1

30

$1486

Loan Program, PSP1, and PSP2 Compliance Reporting and Recordkeeping

1,100

4

4,400

4

17,600

$871,904

TOTAL

1,700


5,000


18,770

$929,866

* Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, Accountants and Auditors, on the Internet at https://www.bls.gov/ooh/business-and-financial/accountants-and-auditors.htm (visited December 28, 2020). Base wage of $34.40/hour increased by 44% to account for fully-loaded employer cost of employee compensation (benefits, etc.)



File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
AuthorClark, Spencer
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File Created2021-11-21

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