The agency work
work toward modernizing the requirement to have three fully
executed paper copies of application documents and supporting
schedules. The agency has been given 18 months approval due to
non-compliance with the Government Paperwork Elimination Act
(GPEA).
Inventory as of this Action
Requested
Previously Approved
03/31/2020
36 Months From Approved
09/30/2018
10
0
10
1,500
0
1,500
0
0
0
“The Title XI Obligation Guarantees –
46 CFR Part 298 collection is required to obtain benefits. In order
to streamline the process, the applicant will fill out form MA-163
to request financing for a vessel, or MA-163A when requesting
financing to modernize a shipyard. The information provided is used
by individual offices within MARAD to evaluate each applicant
within that offices sphere of responsibility. This information is
recorded and can be used later to compare similar sector
applications. It can also be used if the applicant decides to
submit an additional application to ensure consistency. This
information is submitted as needed and when requested. The
information received from MA-163 and MA-163A includes a description
of vessel or shipyard and intended use of the vessel or
improvements intended for the shipyard, the total cost of the
project, the amount the applicant is looking to receive from MARAD
and the timeframe they will pay MARAD back and the interest. Also,
the applicant must submit the shipyard, company history, Past
Business Activities, Business Relationships, A Market Study, as
well as anything else that would help the individual offices within
MARAD evaluate each application.
US Code:
46
USC 537 Name of Law: Loans and Guarantees
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:
(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;
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.