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Federal Register / Vol. 86, No. 152 / Wednesday, August 11, 2021 / Rules and Regulations TABLE 23COAST GUARD COSTS SAVINGS ON A NOMINAL BASIS AND DISCOUNTED AT 7%Continued Coast guard cost savings
Nominal terms
7% Discounted rate 1

Year 9
Year 10

8,615.52
8,615.52

4,686.27
4,379.69

Total
Annualized

86,155.20

60,511.81
8,615.52

1 In
2020 dollar terms.

Summary of Cost Savings We show the total cost savings, for both the private sector and government,
in nominal and discounted terms, in table 24.

TABLE 24TOTAL COST SAVINGS PRIVATE SECTOR PLUS GOVERNMENT ON A NOMINAL BASIS AND DISCOUNTED AT 7%
Total private sector + coast guard cost savings Year Year Year Year Year Year Year Year Year Year
7% Discounted rate 1

1
2
3
4
5
6
7
8
9
10

$48,009.73
48,009.73
48,009.73
48,009.73
48,009.73
48,009.73
48,009.73
48,009.73
48,009.73
48,009.73

$44,868.91
41,933.56
39,190.24
36,626.39
34,230.28
31,990.91
29,898.05
27,942.10
26,114.11
24,405.71

Total
Annualized

480,097.32

337,200.27
48,009.73

1 In
2020 dollar terms.

B. Small Entities
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Nominal terms
Under the Regulatory Flexibility Act, we have considered whether this final rule will have a significant economic impact on a substantial number of small entities. The term small entities comprises small businesses, not-forprofit organizations that are independently owned and operated and are not dominant in their fields, and governmental jurisdictions with populations of less than 50,000.
The Coast Guard will allow MTR
facilities and LNG and LHG facilities to submit their Operations Manuals, Emergency Manuals, and amendments in electronic format. These facilities will experience a cost savings. We estimate that this final rule will provide cost savings to 703 MTR facilities, and 60
LNG and LHG facilities.
This final rule will reduce the time and cost burden for regulated LNG, LHG, and MTR facilities to submit Operations Manuals and Emergency Manuals and amendments for the purposes of 33 CFR parts 127, 154, and 156. The final rule enables these facilities to submit the required documentation electronically, enabling facilities to save time associated with mailing and processing printed
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manuals. In addition, it permits facilities to place electronic copies of their manuals and amendments at their marine transfer areas, resulting in a savings to facilities that choose this route because they will not have to print manuals and amendments and place them physically at those locations.
We examined the LNG/LHG and MTR
facility populations separately to provide a detailed analysis. With respect to the LNG/LHG population, we estimate that 54 facilities a year will be impacted by the final rule, or 45 percent of the 121 total number of LNG and LHG
facilities.111 A search of the MISLE
database revealed a total of 85 unique owners for these 121 LNG and LHG
facilities.112 Of these unique owners, 15
were found to be small businesses, as defined by the Small Business Administration SBA Table of Small 111 Of the 60 LNG/LHG facilities, we assume 54
will submit their documentation in electronic format and 6 in print. Of the 703 MTR facilities, 527
are expected to submit their documents in electronic format and 176 in print. See the discussion under the Affected Population section of this RA. 54 divided by 121 equals 45 percent.
112 We conducted this search of the MISLE
database in mid-December 2020.

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Size Standards. 113 We were unable to find employee or revenue information for 16 entities. Entities for which data was not available were assumed to be small entities. Assuming that the proportion of owners is directly related to the number of impacted owners, taking 45 percent of the 85 unique owners yields a total of 38 unique owners who will be affected by the final rule.114 We estimate total nominal cost savings per year for LNG/LHG facilities to be $3,465 per year, as shown in table 18.115 This totals $91.18 per owner per year.116 There were no small LNG/LHG
facilities for which gross sales data existed for which costs savings exceeded 1 percent of gross revenue.
With respect to the MTR facility population, we estimate that 527
113 As of the latest available SBA Table of Size Standards at the time we performed this analysis.
That table was effective as of Aug. 19, 2019 and is available at https www.sba.gov/document/
support-table-size-standards.
114 Rounded to nearest whole number. 85
multiplied by 45 percent equals 38.25 rounded to 38.
115 From table 18, rounded to closest whole dollar.
116 $3,465 divided by 38 equals $91.18 per impacted owner per year.

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