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[Federal Register Volume 63, Number 90 (Monday, May 11, 1998)]
[Notices]
[Page 25814]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-12414]

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DEPARTMENT OF AGRICULTURE

Commodity Credit Corporation

Notice of Request for Extension and Revision of a Currently 
Approved Information Collection

AGENCY: Commodity Credit Corporation, USDA.

ACTION: Notice and request for comments.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, this 
notice announces the Commodity Credit Corporation's (CCC) intention to 
request an extension for and revision to a currently approved 
information collection in support of the CCC Supplier Credit Guarantee 
Program (SCGP), a variant of the Export Credit Guarantee Program (GSM-
102), based on reestimates.

DATES: Comments on this notice must be received by July 10, 1998 to be 
assured of consideration.

ADDITIONAL INFORMATION OR COMMENTS: Contact L. T. McElvain, Director, 
Commodity Credit Corporation Operations Division, Foreign Agricultural 
Service, U.S. Department of Agriculture, AgBox 1035, Washington, DC 
20250-1035, telephone (202) 720-6211.

SUPPLEMENTARY INFORMATION: 
    Title: CCC/Supplier Credit Guarantee Program (SCGP).
    OMB Number: 0551-0037.
    Expiration Date of Approval: September 30, 1998.
    Type of Request: Extension and revision of a currently approved 
information collection.
    Abstract: The primary objective of the SCGP is to expand U.S. 
agricultural exports by making available export credit guarantees to 
encourage U.S. private sector financing of foreign purchases of U.S. 
agricultural commodities on credit terms. Furthermore, the SCGP is 
designed to assist exporters of U.S. agricultural commodities who wish 
to provide relatively short term (up to 180 days) credits to their 
importers evidenced by promissory notes executed by such importers. The 
CCC currently offers the SCGP for exports to at least 8 countries and 6 
country regions, with more than 1,000 exporters currently eligible to 
participate. Under 7 CFR Part 1493, exporters are required to submit 
the following: (1) Information about the exporter for program 
participation, (2) export sales information in connection with applying 
for a payment guarantee, (3) information regarding the actual export of 
the commodity, (evidence of export report), (4) notice of default and 
claims for loss, and (5) other documents, if applicable, including 
notice assignment of the right to receive proceeds under the export 
credit guarantee. In addition, each exporter and exporter's assignee 
(U.S. financial institution) must maintain records on all information 
submitted to CCC and in connection with sales made under the SCGP. The 
information collected is used by CCC to manage, plan, evaluate and 
account for Government resources. The reports and records are required 
to ensure the proper and judicious use of public funds.
    Estimate of Burden: The public reporting burden for these 
collections is estimated to average 3.37 hours per response.
    Respondents: U.S. Exporters of U.S. agricultural commodities, U.S. 
banks or other financial institutions, producer associations, U.S. 
export trade associations, and U.S. Government agencies.
    Estimated Number of Respondents: 50 annum.
    Estimated Number of Responses per Respondent: 25 per annum.
    Estimated Total Annual Burden of Respondents: 674 hours.
    Copies of this information collection can be obtained from Valerie 
Countiss, the Agency Information Collection Coordinator, at (202) 720-
6713.
    Requests for comments: Send comments regarding (a) whether the 
proposed collection of information is necessary for the proper 
performance of the functions of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the proposed collection of 
information including the validity of the methodology and assumptions 
used; (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 those who are to respond, including 
through the use of automated, electronic, mechanical, or other 
technological collection techniques or other forms of information 
technology. Comments may be sent to L.T. McElvain, Director, Commodity 
Credit Corporation Operations Division, Foreign Agricultural Service, 
U.S. Department of Agriculture, AgBox 1035, Washington, DC 20250-1035.
    All responses to this notice will be summarized and included in the 
request for OMB approval. All comments will also become a matter of 
public record.

    Signed at Washington, DC. April 30, 1998.
Lon Hatamiya,
Administrator, Foreign Agricultural Service and Vice President, 
Commodity Credit Corporation.
[FR Doc. 98-12414 Filed 5-8-98; 8:45 am]
BILLING CODE 3410-05-M
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