Application for Construction Reserve Fund and Annual Statements (CRF)

Forms and Documents

Document Name	Status
30-day FRN.pdf Supplementary Document	2020-09-16
CRF SUPPORTING STATEMENT_2020.docx Supporting Statement A	2020-09-09
CFR-2017-title46-vol8-part287.pdf Supplementary Document	2020-09-09
CFR-2017-title46-vol8-part287.pdf Supplementary Document	2020-09-09
60-Day FRN.pdf Supplementary Document	2020-09-09

IC Document Collections

IC ID	Document Title	Status
26625	Application for Construction Reserve Fund and Annual Statements (CRF)	Modified

ICR Details

OMB Control No: 2133-0032	ICR Reference No: 202009-2133-002
Status: Active	Previous ICR Reference No: 201805-2133-002
Agency/Subagency: DOT/MARAD	Agency Tracking No: 2133-0032
Title: Application for Construction Reserve Fund and Annual Statements (CRF)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 10/30/2020
	Date Received in OIRA: 09/23/2020
Terms of Clearance: Approved for 1 year as the agency works to develop a privacy impact assessment on its electronic collection of information.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2021	36 Months From Approved	11/30/2020
Responses	17	0	17
Time Burden (Hours)	153	0	153
Cost Burden (Dollars)	3,825	0	0

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Abstract: The Construction Reserve Fund (CRF), authorized by 46 U.S.C. Chapter 533 (the Act), is a financial assistance program which provides tax benefits to owners and operators of U.S.-flag ships. The application is required from all citizens who own or operate vessels in the U.S. foreign or domestic commerce who desire 'tax' benefits under the CRF program. Annual statements are required from each respondent. The information provided in the application will be used by the Maritime Administration (MARAD), Office of Financial Approvals, to determine if an applicant qualified for the benefits. The annual statement is used by MARAD to assure that account holders are satisfying the requirements of the program and to keep agency leaders informed of the scope and scale of use of the program. The collection is reporting (not a survey).

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Authorizing Statute(s): US Code: 46 USC Chapter 533 Name of Law: Construction Reserve Funds
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 37150	06/19/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	85 FR 57292	09/15/2020
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Application for Construction Reserve Fund and Annual Statements (CRF)

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	17	17	0	0	0	0
Annual Time Burden (Hours)	153	153	0	0	0	0
Annual Cost Burden (Dollars)	3,825	0	0	3,825	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $38,873

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/23/2020

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