The collected information is necessary to evaluate an applicantÂs request to purchase inventory property and is used by the agency to determine an applicantÂs eligibility to lease or purchase inventory property and to ensure payment of the lease or purchase amount.
As a result of the information collection analysis completed for this renewal request, the total burden hours for FLP were increased by 119. The current annual burden hours are 551, and the previous burden hours was 432. The current number of respondents is 314, and the previous number of respondents was 280. The previous number of responses was 290 and the current number of responses is 325 so the number of responses has increased by 35 in this request. The increase is primarily due to an overall increase in agency inventory property since approval of the previous burden request.
The largest increase is to the number of respondents who will review FSA-2593 "Standard Sales Contract" as part of anticipated sales of FSA inventory property. Additionally, a large increase in burden hours is due to the increase in travel time associated with customers who will drive to their local office to provide the information requested in this collection. Other items were increased slightly to reflect the increasing number of borrowers which are being serviced by the agency and are therefore subject to the information collection contained in this request.
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.