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.