36808 Federal Register / Vol. 66, No. 135 / Friday, July 13, 2001 / Notices

organizations that have as a purpose the

furnishing of legal assistance to eligible

clients, and from private attorneys,

groups of private attorneys or law firms,

state or local governments, and substate

regional planning and coordination

agencies which are composed of

substate areas and whose governing

boards are controlled by locally elected

officials.

The solicitation package, containing

the grant application, guidelines,

proposal content requirements and

specific selection criteria, is available at

www.ain.lsc.gov.

Dated: July 10, 2001.

Victor M. Fortuno,

Vice President for Legal Affairs, General

Counsel and Corporate Secretary.

[FR Doc. 01–17610 Filed 7–12–01; 8:45 am]

BILLING CODE 7050–01–P

NATIONAL AERONAUTICS AND

SPACE ADMINISTRATION

[Notice 01–088]

NASA Advisory Council (NAC), Space

Science Advisory Committee (SScAC);

Meeting

AGENCY: National Aeronautics and

Space Administration.

ACTION: Notice of meeting.

SUMMARY: In accordance with the

Federal Advisory Committee Act, Pub.

L. 92–463, as amended, the National

Aeronautics and Space Administration

announces a forthcoming meeting of the

NASA Advisory Council, Space Science

Advisory Committee.

DATES: Wednesday, July 25, 2001, 8:30

a.m. to 5:30 p.m.; Thursday, July 26,

2001, 8:30 a.m. to 5:30 p.m.; and Friday,

July 27, 2001, 8:30 a.m. to Noon.

ADDRESSES: NASA Headquarters, 300 E

Street, SW., Conference Room 6H46,

Washington, DC 20546.

FOR FURTHER INFORMATION CONTACT: Ms.

Marian Norris, Code SB, National

Aeronautics and Space Administration,

Washington, DC 20546, 202/358–4452.

SUPPLEMENTARY INFORMATION: The

meeting will be open to the public up

to the capacity of the room. The agenda

for the meeting includes the following:

—Associate Administrator’s Program

Status Report

—Subcommittee Reports

—OSS Program Status

—IT Security Issues

—Technology Programs Update

—Space Operations Status

—Research Programs Review

It is imperative that the meeting be

held on these dates to accommodate the

scheduling priorities of the key

participants. Visitors will be requested

to sign a visitor’s register.

Dated: July 9, 2001.

Beth M. McCormick,

Advisory Committee Management Officer,

National Aeronautics and Space

Administration.

[FR Doc. 01–17509 Filed 7–12–01; 8:45 am]

BILLING CODE 7510–01–U

PENSION BENEFIT GUARANTY

CORPORATION

Interest Assumption for Determining

Variable-Rate Premium; Interest on

Late Premium Payments; Interest on

Underpayments and Overpayments of

Single-Employer Plan Termination

Liability and Multiemployer Withdrawal

Liability; Interest Assumptions for

Multiemployer Plan Valuations

Following Mass Withdrawal

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Notice of interest rates and

assumptions.

SUMMARY: This notice informs the public

of the interest rates and assumptions to

be used under certain Pension Benefit

Guaranty Corporation regulations. These

rates and assumptions are published

elsewhere (or are derivable from rates

published elsewhere), but are collected

and published in this notice for the

convenience of the public. Interest rates

are also published on the PBGC’s Web

site (http://www.pbgc.gov).

DATES: The interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in July 2001. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in August 2001. The interest rates for

late premium payments under part 4007

and for underpayments and

overpayments of single-employer plan

termination liability under part 4062

and multiemployer withdrawal liability

under part 4219 apply to interest

accruing during the third quarter (July

through September) of 2001.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General

Counsel, Office of the General Counsel,

Pension Benefit Guaranty Corporation,

1200 K Street, NW., Washington, DC

20005, 202–326–4024. (For TTY/TDD

users, call the Federal relay service tollfree at 1–800–877–8339 and ask to be

connected to 202–326–4024.)

SUPPLEMENTARY INFORMATION:

Variable-Rate Premiums

Section 4006(a)(3)(E)(iii)(II) of the

Employee Retirement Income Security

Act of 1974 (ERISA) and § 4006.4(b)(1)

of the PBGC’s regulation on Premium

Rates (29 CFR part 4006) prescribe use

of an assumed interest rate in

determining a single-employer plan’s

variable-rate premium. The rate is the

‘‘applicable percentage’’ (currently 85

percent) of the annual yield on 30-year

Treasury securities for the month

preceding the beginning of the plan year

for which premiums are being paid (the

‘‘premium payment year’’). The yield

figure is reported in Federal Reserve

Statistical Releases G.13 and H.15.

The assumed interest rate to be used

in determining variable-rate premiums

for premium payment years beginning

in July 2001 is 4.82 percent (i.e., 85

percent of the 5.67 percent yield figure

for June 2001)

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

August 2000 and July 2001.

For premium payment years

beginning in:

The assumed

interest rate is:

August 2000 ......................... 4.97

September 2000 ................... 4.86

October 2000 ........................ 4.96

November 2000 .................... 4.93

December 2000 .................... 4.91

January 2001 ........................ 4.67

February 2001 ...................... 4.71

March 2001 ........................... 4.63

April 2001 ............................. 4.54

May 2001 .............................. 4.80

June 2001 ............................. 4.91

July 2001 .............................. 4.82

Late Premium Payments;

Underpayments and Overpayments of

Single-Employer Plan Termination

Liability

Section 4007(b) of ERISA and

§ 4007.7(a) of the PBGC’s regulation on

Payment of Premiums (29 CFR part

4007) require the payment of interest on

late premium payments at the rate

established under section 6601 of the

Internal Revenue Code. Similarly,

§ 4062.7 of the PBGC’s regulation on

Liability for Termination of Singleemployer Plans (29 CFR part 4062)

requires that interest be charged or

credited at the section 6601 rate on

underpayments and overpayments of

employer liability under section 4062 of

ERISA. The section 6601 rate is

established periodically (currently

quarterly) by the Internal Revenue

Service. The rate applicable to the third

quarter (July through September) of

2001, as announced by the IRS, is 7

percent.

Federal Register / Vol. 66, No. 135 / Friday, July 13, 2001 / Notices 36809

1 15 U.S.C. 78s(b)(3)(C).

2 15 U.S.C. 78s(b)(3)(A).

3Securities Exchange Act Release No. 44489

(June 28, 2001), 66 FR 35683 (July 6, 2001).

4 Id.

5 17 CFR 200.30–3(a)(58).

1 15 U.S.C. 78k–1(a)(3)(B).

2 17 CFR 240.11Aa3–2.

The following table lists the late

payment interest rates for premiums and

employer liability for the specified time

periods:

From— Through—

Interest

rate

(percent)

7/1/95 .......... 3/31/96 ............... 9

4/1/96 .......... 6/30/96 ............... 8

7/1/96 .......... 3/31/98 ............... 9

4/1/98 .......... 12/31/98 ............. 8

1/1/99 .......... 3/31/99 ............... 7

4/1/99 .......... 3/31/00 ............... 8

4/1/00 .......... 3/31/01 ............... 9

4/1/01 .......... 6/30/01 ............... 8

7/1/01 .......... 9/30/01 ............... 7

Underpayments and Overpayments of

Multiemployer Withdrawal Liability

Section 4219.32(b) of the PBGC’s

regulation on Notice, Collection, and

Redetermination of Withdrawal

Liability (29 CFR part 4219) specifies

the rate at which a multiemployer plan

is to charge or credit interest on

underpayments and overpayments of

withdrawal liability under section 4219

of ERISA unless an applicable plan

provision provides otherwise. For

interest accruing during any calendar

quarter, the specified rate is the average

quoted prime rate on short-term

commercial loans for the fifteenth day

(or the next business day if the fifteenth

day is not a business day) of the month

preceding the beginning of the quarter,

as reported by the Board of Governors

of the Federal Reserve System in

Statistical Release H.15 (‘‘Selected

Interest Rates’’). The rate for the third

quarter (July through September) of

2001 (i.e., the rate reported for June 15,

2001) is 7.00 percent.

The following table lists the

withdrawal liability underpayment and

overpayment interest rates for the

specified time periods:

From Through

Interest

rate

(percent)

4/1/95 .......... 9/30/95 ............... 9.00

10/1/95 ........ 3/31/96 ............... 8.75

4/1/96 .......... 6/30/97 ............... 8.25

7/1/97 .......... 12/31/98 ............. 8.50

1/1/99 .......... 9/30/99 ............... 7.75

10/1/99 ........ 12/31/99 ............. 8.25

1/1/00 .......... 3/31/00 ............... 8.50

4/1/00 .......... 6/30/00 ............... 8.75

7/1/00 .......... 3/31/01 ............... 9.50

4/1/01 .......... 6/30/01 ............... 8.50

7/1/01 .......... 9/30/01 ............... 7.00

Multiemployer Plan Valuations

Following Mass Withdrawal

The PBGC’s regulation on Duties of

Plan Sponsor Following Mass

Withdrawal (29 CFR part 4281)

prescribes the use of interest

assumptions under the PBGC’s

regulation on Allocation of Assets in

Single-employer Plans (29 CFR part

4044). The interest assumptions

applicable to valuation dates in August

2001 under part 4044 are contained in

an amendment to part 4044 published

elsewhere in today’s Federal Register.

Tables showing the assumptions

applicable to prior periods are codified

in appendix B to 29 CFR part 4044.

Issued in Washington, DC, on this 10th day

of July 2001.

John Seal,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 01–17575 Filed 7–12–01; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 44528; File No. SR–CBOE–

2001–31]

In the Matter of Chicago Board Options

Exchange, Incorporated; Order of

Summary Abrogation

July 9, 2001.

Notice is hereby given that the

Securities and Exchange Commission

(‘‘Commission’’), pursuant to section

19(b)(3)(C) of the Securities Exchange

Act of 1934 (‘‘Act’’),1 is summarily

abrogating a rule of the Chicago Board

Options Exchange, Incorporated

(‘‘CBOE’’ or ‘‘Exchange’’).

On June 11, 2001, the CBOE filed with

the Commission a rule change (‘‘Rule

Change’’) establishing a new fee to be

imposed on clearing firms. The new fee

applies to each contract that the clearing

firm sends to the Exchange’s Public

Automated Routing (‘‘PAR’’) system in a

given month, if the total number of

contracts cancelled by the firm on the

PAR system that month exceeds 40% of

the total number of contracts that the

firm sent to PAR in that same month.

The fee does not apply to any clearing

firm that sends fewer than 4,000

contracts to PAR in a given month. The

CBOE designated the Rule Change to

take effect upon filing with the

Commission pursuant to section

19(b)(3)(A) of the Act.2

On July 6, 2001, the Commission

published notice of the filing and

immediate effectiveness of the Rule

Change (‘‘Notice’’).3 In the Notice, the

Commission specifically noted that

section 19(b)(3)(C) of the Act provides

that, within 60 days of the filing of the

Rule Change, the Commission may

summarily abrogate the Rule Change if

it appears to the Commission that such

action is necessary or appropriate in the

public interest, for the protection of

investors, or otherwise in furtherance of

the purposes of the Act.4

It appears that the Rule Change raises

questions as to whether the fee is

consistent with the Act. Accordingly,

the Commission believes that the

procedures provided by section 19(b)(2)

will provide a more appropriate

mechanism for determining whether the

Rule Change is consistent with the

provisions of the Act. Therefore, the

Commission finds that it is appropriate

in the public interest, for the protection

of investors, and otherwise in

furtherance of the purposes of the Act

to abrogate the Rule Change.

It Is Therefore Ordered, pursuant to

section 19(b)(3)(C) of the Act, that the

Rule Change (File No. SR–CBOE–2001–

31) is summarily abrogated as of this

date, and that, if the CBOE chooses to

refile the Rule Change, it do so pursuant

to section 19(b)(2) of the Act.

For the Commission, by the Division of

Market Regulation, pursuant to delegated

authority.5

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 01–17516 Filed 7–12–01; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Release No. 34–44521; File No. 4–443]

Joint Industry Plan; Order Approving a

Proposed Options Listing Procedures

Plan by the American Stock Exchange

LLC, Chicago Board Options

Exchange, Incorporated, International

Securities Exchange LLC, The Options

Clearing Corporation, Pacific

Exchange, Inc., and Philadelphia Stock

Exchange, Inc.

July 6, 2001.

I. Introduction

On January 11, 2001, pursuant to

section 11A(a)(3)(B) of the Securities

Exchange Act of 1934 (‘‘Act’’) 1 and Rule

11Aa3–2 thereunder,2 the American

Stock Exchange LLC (‘‘Amex’’), Chicago

Board Options Exchange, Inc. (‘‘CBOE’’),

International Securities Exchange LLC

(‘‘ISE’’), The Options Clearing