Extension without change of a currently approved collection
No
Regular
09/23/2024
Requested
Previously Approved
36 Months From Approved
09/30/2024
5
10
750
1,500
25,000
50,000
In accordance with 46 U.S.C. chapter 537, MARAD is authorized to execute a full faith and credit guarantee by the United States of debt obligations issued to finance or refinance the construction or reconstruction of vessels. In addition, the program allows for financing shipyard modernization and improvement projects
Respondents: Individuals/businesses interested in obtaining loan guarantees for construction or reconstruction of vessels as well as businesses interested in shipyard modernization and improvements.
US Code:
46 USC 537
Name of Law: Loans and Guarantees
Since the last renewal, there has been change in the public burden reported in this collection. Specifically, the total respondents and burden hours have reduced from 10 and 1,500 hours in 2021, to 5 respondents and a total of 750 hours respectively in the current renewal. Consequently, the cost burden has also reduced from 50,000 to 25,000.
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.