[Federal Register Volume 75, Number 46 (Wednesday, March 10, 2010)]
[Notices]
[Pages 11115-11116]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-5116]


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DEPARTMENT OF COMMERCE

National Oceanic and Atmospheric Administration


Proposed Information Collection; Comment Request; Interim Capital 
Construction Fund Agreement and Certificate Family of Forms

AGENCY: National Oceanic and Atmospheric Administration (NOAA), DOC.

ACTION: Notice.

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SUMMARY: The Department of Commerce, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the general public 
and other Federal agencies to take this opportunity to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995.

DATES: Written comments must be submitted on or before May 10, 2010.

[[Page 11116]]


ADDRESSES: Direct all written comments to Diana Hynek, Departmental 
Paperwork Clearance Officer, Department of Commerce, Room 6625, 14th 
and Constitution Avenue, NW., Washington, DC 20230 (or via the Internet 
at <a href="/cdn-cgi/l/email-protection#ee8aa697808b85ae8a818dc0898198"><span class="__cf_email__" data-cfemail="b2d6facbdcd7d9f2d6ddd19cd5ddc4">[email protected]</span></a>).

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the information collection instrument and instructions should 
be directed to Richard Vangorder, (301) 713-2393 or 
<a href="/cdn-cgi/l/email-protection#e0b2898388819284ceb6818e878f92848592a08e8f8181ce878f96"><span class="__cf_email__" data-cfemail="9dcff4fef5fceff9b3cbfcf3faf2eff9f8efddf3f2fcfcb3faf2eb">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION:

I. Abstract

    The respondents will be commercial fishing industry individuals, 
partnerships, and corporations which are applying for or have entered 
into Capital Construction Fund Agreements with the Secretary of 
Commerce allowing deferral of Federal taxation on fishing vessel income 
deposited into the fund for use in the acquisition, construction, or 
reconstruction of fishing vessels. Deferred taxes are recaptured by 
reducing an agreement vessel's basis for depreciation by the amount 
withdrawn from the fund for its acquisition, construction, or 
reconstruction. The information collected from agreement holders is 
used to determine their eligibility to participate in the Capital 
Construction Fund Program pursuant to 50 CFR part 259.
    At the completion of construction/reconstruction, a certificate to 
that effect must be submitted.

II. Method of Collection

    The information will be collected on forms submitted electronically 
or by mail.

III. Data

    OMB Control Number: 0648-0090.
    Form Number: NOAA Form 88-14.
    Type of Review: Regular submission.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 1,000.
    Estimated Time per Response: 3.5 hours for agreements; and 1 hour 
for certificate.
    Estimated Total Annual Burden Hours: 2,250.
    Estimated Total Annual Cost to Public: $3,600 in recordkeeping/
reporting costs.

IV. Request for Comments

    Comments are invited on: (a) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
(including hours and cost) of the proposed collection of information; 
(c) ways to enhance the quality, utility, and clarity of the 
information to be collected; and (d) ways to minimize the burden of the 
collection of information on respondents, including through the use of 
automated collection techniques or other forms of information 
technology.
    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval of this information 
collection; they also will become a matter of public record.

    Dated: March 5, 2010.
Gwellnar Banks,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2010-5116 Filed 3-9-10; 8:45 am]
BILLING CODE 3510-22-P


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