Application for Construction Reserve Fund and Annual Statements (CRF)

Forms and Documents

Document	Type	Status	Availability
46 CFR Part 287 Establishment of Construction Reserve Fund 10.1.2023.pdf	Supplementary Document	Uploaded 2024-11-25	Repair queued
46 USC 53503 Establishing a capital Construction Fund.pdf	Supplementary Document	Uploaded 2024-11-21	Repair queued
Published 30-Day FRN for 2133-0032 12.16.2024.pdf	Supplementary Document	Uploaded 2024-12-19	Repair queued
Published 60-Day FRN for 2133-0032 10.8.2024.pdf	Supplementary Document	Uploaded 2024-11-21	Repair queued
Supporting Statement A for 2133-0032 12.10.2024.docx	Supporting Statement A	Uploaded 2024-12-16	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
26625	Application for Construction Reserve Fund and Annual Statements (CRF)		Modified

ICR Details

OMB Control No: 2133-0032	ICR Reference No: 202411-2133-003
Status: Received in OIRA	Previous ICR Reference No: 202107-2133-004
Agency/Subagency: DOT/MARAD	Agency Tracking No:
Title: Application for Construction Reserve Fund and Annual Statements (CRF)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/19/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	12/31/2024
Responses	10	17
Time Burden (Hours)	90	153
Cost Burden (Dollars)	2,250	3,825

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Abstract: The Construction Reserve Fund (CRF), authorized by 46 U.S.C. chapter 533, is a financial assistance program which provides tax deferral benefits to U.S.-flag operators. Eligible parties can defer the gain attributable to the sale or loss of a vessel, provided the proceeds are used to expand or modernize the U.S. merchant fleet. The primary purpose of the CRF is to promote the construction, reconstruction, reconditioning, or acquisition of merchant vessels which are necessary for national defense and to the development of U.S. commerce.

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Authorizing Statute(s): US Code: 46 USC Chapter 533 Name of Law: Construction Reserve Funds
  

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:
	89 FR 80011	10/01/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 101688	12/16/2024
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
Application for Construction Reserve Fund and Annual Statements (CRF)

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ICR Summary of Burden

	Total Request	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	10	17	0	-7	0	0
Annual Time Burden (Hours)	90	153	0	-63	0	0
Annual Cost Burden (Dollars)	2,250	3,825	0	-1,575	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Since the last renewal, the total respondents and responses have reduced from 17 to 10 respectively due to less applicants to the CRF program. Consequently, the total public hours which have reduced from 153 to 90 hours. Additionally, the total cost burden has also reduced from $3,835 to $ 2,250.

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Annual Cost to Federal Government: $25,629

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? No

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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: 12/19/2024

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