Request for Comments on Renewal of Capital Construction Fund Information Collection (OMB 2133-0027)
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The U.S. Maritime Administration (MARAD) is soliciting public comments on its plan to renew an existing information collection approved by the Office of Management and Budget (OMB), identified as OMB Control Number 2133-0027, titled 'Capital Construction Fund and Exhibits.' This notice is published in the Federal Register as required under the Paperwork Reduction Act of 1995. The Capital Construction Fund (CCF) program allows U.S.-flag vessel operators to defer federal income taxes on earnings deposited into the fund, provided those funds are later used for the construction, reconstruction, or acquisition of qualified vessels. The information collection covered under OMB 2133-0027 is necessary for MARAD to assess an applicant's eligibility to enter into a CCF Agreement and to verify ongoing compliance with program requirements. Since the last renewal of this collection, MARAD reports a reduction in the total number of respondents, responses, and associated burden hours, indicating a decrease in program participation or administrative activity. The agency is now seeking public and agency comments before submitting its renewal request to OMB.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- MARAD is renewing OMB Control Number 2133-0027 ('Capital Construction Fund and Exhibits') — no substantive policy changes proposed
- Since last renewal, total number of respondents, responses, and burden hours have decreased (specific figures not disclosed in notice)
- Public and affected agency comments are being solicited before OMB submission as required by the Paperwork Reduction Act of 1995
+ 2 more changes with Pro
Obligations
What this law requires
MARAD must publish a notice in the Federal Register soliciting public comments on the renewal of OMB Control Number 2133-0027 (Capital Construction Fund and Exhibits) information collection
MARAD must obtain and consider comments from the public and affected agencies before submitting the renewal request to OMB
MARAD must submit a renewal request to the Office of Management and Budget (OMB) for approval of information collection OMB 2133-0027
MARAD must use the information collected under OMB 2133-0027 to determine applicant eligibility to enter into a Capital Construction Fund (CCF) Agreement
MARAD must use the information collected under OMB 2133-0027 to verify ongoing compliance with Capital Construction Fund program requirements