Federal Register / Vol. 79, No. 246 / Tuesday, December 23, 2014 / Notices 77053 

number [OPIC–115] on both the 

envelope and in the subject line of the 

letter. Electronic comments and requests 

for copies of the subject form may be 

sent to Fredrick.Nutt@opic.gov, subject 

line [OPIC–115]. 

Summary Form Under Review 

Type of Request: Revision of a 

currently approved information 

collection. 

Title: Application for Project Finance. 

Form Number: OPIC–115. 

Frequency of Use: Once per investor 

per project. 

Type of Respondents: Business or 

other institution (except farms); 

individuals. 

Standard Industrial Classification 

Codes: All. 

Description of Affected Public: U.S. 

companies or citizens investing 

overseas. 

Reporting Hours: 150 hours (0.75 

hours per response). 

Number of Responses: 200 per year. 

Federal Cost: $7638.00 

Authority for Information Collection: 

Sections 231, 234(b)–(c), 239(d), and 

240A of the Foreign Assistance Act of 

1961, as amended. 

Abstract (Needs and Uses): The 

application is the principal document 

used by OPIC to determine the 

investor’s and the project’s eligibility for 

project financing and collect 

information for financial underwriting 

analysis. 

Dated: December 17, 2014. 

Nichole Cadiente, 

Administrative Counsel, Department of Legal 

Affairs. 

[FR Doc. 2014–29980 Filed 12–22–14; 8:45 am] 

BILLING CODE 3210–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Proposed Submission of Information 

Collection for OMB Review; Comment 

Request; Survey of Nonparticipating 

Single Premium Group Annuity Rates 

AGENCY: Pension Benefit Guaranty 

Corporation. 

ACTION: Notice of Intent To Request 

Extension of OMB Approval. 

SUMMARY: The Pension Benefit Guaranty 

Corporation (PBGC) intends to request 

that OMB extend approval (with no 

changes), under the Paperwork 

Reduction Act, of a quarterly survey of 

insurance company rates for pricing 

annuity contracts (OMB control number 

1212–0030; expires March 31, 2015). 

The American Council of Life Insurers 

(ACLI) conducts this voluntary survey 

for PBGC. This notice informs the 

public of PBGC’s intent and solicits 

public comment on the collection of 

information. 

DATES: Comments should be submitted 

by February 23, 2015. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

Federal eRulemaking Portal: http://

www.regulations.gov. Follow the Web 

site instructions for submitting 

comments. 

Email: paperwork.comments@

pbgc.gov. 

Fax: 202–326–4224. 

Mail or Hand Delivery: Office of 

General Counsel, Pension Benefit 

Guaranty Corporation, 1200 K Street 

NW., Washington, DC 20005–4026. 

PBGC will make all comments available 

on its Web site at http://www.pbgc.gov. 

Copies of the collection of 

information may be obtained without 

charge by writing to the Disclosure 

Division, Office of the General Counsel, 

at the above address, visiting the 

Disclosure Division, faxing a request to 

202–326–4042, or calling 202–326–4040 

during normal business hours. (TTY and 

TDD users may call the Federal relay 

service toll-free at 1–800–877–8339 and 

ask to be connected to 202–326–4040.) 

FOR FURTHER INFORMATION CONTACT: Jo 

Amato Burns, Attorney, or Catherine B. 

Klion, Assistant General Counsel, Office 

of the General Counsel, Pension Benefit 

Guaranty Corporation, 1200 K Street 

NW., Washington, DC 20005–4026, 202– 

326–4024. (For TTY/TDD users, call the 

Federal relay service toll-free at 1–800– 

877–8339 and ask to be connected to 

202–326–4024.) 

SUPPLEMENTARY INFORMATION: PBGC’s 

regulations prescribe actuarial valuation 

methods and assumptions (including 

interest rate assumptions) to be used in 

determining the actuarial present value 

of benefits under single-employer plans 

that terminate (29 CFR part 4044) and 

under multiemployer plans that 

undergo a mass withdrawal of 

contributing employers (29 CFR part 

4281). Each month PBGC publishes the 

interest rates to be used under those 

regulations for plans terminating or 

undergoing mass withdrawal during the 

next month. 

The interest rates are intended to 

reflect current conditions in the annuity 

markets. To determine these interest 

rates, PBGC gathers pricing data from 

insurance companies that are providing 

annuity contracts to terminating 

pension plans through a quarterly 

‘‘Survey of Nonparticipating Single 

Premium Group Annuity Rates.’’ The 

ACLI distributes the survey and 

provides PBGC with ‘‘blind’’ data (i.e., 

PBGC is unable to match responses with 

the insurance companies that submitted 

them). PBGC also uses the information 

from the survey in determining the 

interest rates it uses to value benefits 

payable to participants and beneficiaries 

in PBGC-trusteed plans for purposes of 

PBGC’s financial statements. 

The survey is directed at insurance 

companies that have volunteered to 

participate, most or all of which are 

members of ACLI. The survey is 

conducted quarterly and will be sent to 

approximately 22 insurance companies. 

PBGC estimates that about 6 insurance 

companies will respond to the survey 

each quarter, and that each survey will 

require approximately 30 minutes to 

complete and return. PBGC further 

estimates that the average annual 

burden of this collection of information 

is 12 hours and $474. 

OMB has approved this collection of 

information under control number 

1212–0030 through March 31, 2015. 

PBGC intends to request that OMB 

extend its approval for another three 

years. An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid OMB 

control number. 

PBGC is soliciting public comments 

to— 

• Evaluate whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information will have practical utility; 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

collection of information, including the 

validity of the methodology and 

assumptions used; 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submission of 

responses. 

Issued in Washington, DC, this 17th day of 

December, 2014. 

Judith Starr, 

General Counsel, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2014–30002 Filed 12–22–14; 8:45 am] 

BILLING CODE 7708–01–P 

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