[Federal Register Volume 75, Number 198 (Thursday, October 14, 2010)]
[Notices]
[Page 63145]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-25788]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce will submit to the Office of Management 
and Budget (OMB) for clearance the following proposal for collection of 
information under the provisions of the Paperwork Reduction Act (44 
U.S.C. Chapter 35).
    Agency: National Oceanic and Atmospheric Administration (NOAA).
    Title: Interim Capital Construction Fund Agreement and Certificate 
Family of Forms.
    OMB Control Number: 0648-0090.
    Form Number(s): 88-14.
    Type of Request: Regular submission (renewal of a currently 
approved information collection).
    Number of Respondents: 500.
    Average Hours per Response: Agreement and application, 30 minutes, 
Schedules A and B, and certificate, 1 hour.
    Burden Hours: 2,500.
    Needs and Uses: 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 for 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for depreciation by the amount withdrawn from the fund for its 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 
stating completion and costs must be submitted.
    Affected Public: Business or other for-profit organizations.
    Frequency: Annually and on occasion.
    Respondent's Obligation: Required to obtain or retain benefits.
    OMB Desk Officer: [email protected].
    Copies of the above information collection proposal can be obtained 
by calling or writing Diana Hynek, Departmental Paperwork Clearance 
Officer, (202) 482-0266, Department of Commerce, Room 6616, 14th and 
Constitution Avenue, NW., Washington, DC 20230 (or via the Internet at 
[email protected]).
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to [email protected].

    Dated: October 7, 2010.
Gwellnar Banks,
Management Analyst, Office of the Chief Information Officer.
[FR Doc. 2010-25788 Filed 10-13-10; 8:45 am]
BILLING CODE 3510-22-P