60988 Federal Register / Vol. 65, No. 199 / Friday, October 13, 2000 / Notices

each licensee to conduct a fullparticipation exercise every 2 years.

This issue was accepted for review

under 10 CFR 2.206, as stated in a letter

dated August 31, 2000.

The Director of the Office of Nuclear

Reactor Regulation has addressed the

technical concerns provided by the

Petitioner. The licensee prepared and

submitted to the NRC for staff review an

extensive operational assessment.

However, since the licensee voluntarily

made the decision to replace the IP2

steam generators prior to plant restart,

there was no need to complete a review

of the ConEd report for the purpose of

determining whether the plant could

restart and operate with the existing

steam generators. Therefore, the intent

of this part of the Petition was, in effect,

granted. The NRC and Federal

Emergency Management Agency have

concluded that the onsite and offsite

emergency plans for IP2, including the

provisions for potassium iodide,

provide reasonable assurance that

appropriate protective measures can be

taken to protect the health and safety of

the public in the event of a radiological

emergency at the site. Therefore, there is

no basis to order the licensee to take

additional measures to distribute or

stockpile potassium iodide tablets in the

vicinity of IP2. Finally, the NRC staff

has determined that the fullparticipation exercise conducted by IP2

on June 24, 1998, met the biennial

requirement for both onsite and offsite

participation. Therefore, these two

requests are not granted. The complete

explanation of the staff’s conclusions is

contained in the ‘‘Director’s Decision

Pursuant to 10 CFR 2.206’’ (DD–00–04).

The complete text of the Director’s

Decision is available for public

inspection at the Commission’s Public

Document Room, located at One White

Flint North, 11555 Rockville Pike (first

floor), Rockville, Maryland, and will be

accessible electronically from the

agencywide documents access and

management system (ADAMS) public

library component on the NRC web site,

http://www.nrc.gov (the electronic

reading room).

A copy of the Decision will be filed

with the Secretary of the Commission

for the Commission’s review in

accordance with 10 CFR 2.206(c) of the

Commission’s regulations. As provided

for by this regulation, the Decision will

constitute the final action of the

Commission 25 days after the date of

issuance of the Decision unless the

Commission, on its own motion,

institutes a review of the Decision

within that time.

Dated at Rockville, Maryland, this 6th day

of October 2000.

For the Nuclear Regulatory Commission.

Samuel J. Collins,

Director, Office of Nuclear Reactor

Regulation.

[FR Doc. 00–26338 Filed 10–12–00; 8:45 am]

BILLING CODE 7590–01–P

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 (www.pbgc.gov).

DATES: The interest rate for determining

the variable-rate premium under part

4006 applies to premium payment years

beginning in October 2000. The interest

assumptions for performing

multiemployer plan valuations

following mass withdrawal under part

4281 apply to valuation dates occurring

in November 2000. 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 fourth quarter

(October through December) of 2000.

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 October 2000 is 4.96 percent (i.e., 85

percent of the 5.83 percent yield figure

for September 2000).

The following table lists the assumed

interest rates to be used in determining

variable-rate premiums for premium

payment years beginning between

November 1999 and October 2000.

For premium payment years

beginning in:

The assumed interest rate is:

November 1999 ........................ 5.32

December 1999 ........................ 5.23

January 2000 ............................ 5.40

February 2000 .......................... 5.64

March 2000 ............................... 5.30

April 2000 ................................. 5.14

May 2000 .................................. 4.97

June 2000 ................................. 5.23

July 2000 .................................. 5.04

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

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

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

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

fourth quarter (October through

Federal Register / Vol. 65, No. 199 / Friday, October 13, 2000 / Notices 60989

1The Commission has proposed that rule 30d–2

be redesignated as rule 30e–2. See Role of

Independent Directors of Investment Companies,

Securities Act Rel. No. 7754; Exchange Act Rel. No.

42007; Investment Company Act Rel. No. 24082

(Oct. 14, 1999) [64 FR 59826 (Nov. 3, 1999)]. The

proposal has not been adopted as of the date of this

notice.

2Management investment companies are defined

in section 4(3) of the Investment Company Act as

any investment company other than a face-amount

certificate company or a unit investment trust, as

those terms, are defined in sections 4(1) and 4(2)

of the Investment Company Act. See 15 U.S.C. 80a–

4.

December) 2000, as announced by the

IRS, is 9 percent.

The following table lists the late

payment interest rates for premiums and

employer liability for the specified time

periods:

From— Through—

Interest

rate

(percent)

10/1/94 ......... 3/31/95 .............. 9

4/1/95 ........... 6/30/95 .............. 10

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 ........... 12/31/00 ............ 9

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 fourth

quarter (October through December) of

2000 (i.e., the rate reported for

September 15, 2000) is 9.50 percent.

The following table lists the

withdrawal liability underpayment and

overpayment interest rates for the

specified time periods:

From— Through—

Interest

rate

(percent)

10/1/94 ......... 12/31/94 ............ 7.75

1/1/95 ........... 3/31/95 .............. 8.50

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 ........... 12/31/00 ............ 9.50

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

November 2000 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 6th day

of October 2000.

John Seal,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 00–26329 Filed 10–12–00; 8:45 am]

BILLING CODE 7708–01–P

SECURITIES AND EXCHANGE

COMMISSION

Proposed Collection; Comment

Request

Upon Written Request, Copies Available

From: Securities and Exchange Commission,

Office of Filings and Information Services,

Washington, DC 20549.

Extension: Rule 30d–2, SEC File No. 270–

437, OMB Control No. 3235–0494.

Notice is hereby given that, pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501–3520), the Securities

and Exchange Commission (the

‘‘Commission’’) is soliciting comments

on the collection of information

summarized below. The Commission

plans to submit this existing collection

of information to the Office of

Management and Budget for extension

and approval.

Section 30(e) of the Investment

Company Act of 1940 [15 U.S.C. 80a–

29(e)] (the ‘‘Investment Company Act’’

or ‘‘Act’’) and rule 30d–2 1 thereunder

[17 CFR 270.30d–2] require unit

investment trusts (‘‘UITs’’) that invest

substantially all of their assets in

securities of a management investment

company (‘‘fund’’) to send a report to

shareholders at least semi-annually

containing financial information on the

underlying fund.2 Rule 30d–2 requires

that the reports contain the financial

statements that are required by rule

30d–1 [17 CFR 270.30d–1] to be

included in the report of the underlying

fund for the same fiscal period. Rule

30d–1 requires that the reports contain

the financial statements required by a

fund’s registration form. Rule 30d–2,

however, permits, under certain

conditions, delivery of a single

shareholder report to investors who

share an address (‘‘householding’’) to

satisfy the delivery requirements of the

rule. The purpose of the householding

provisions of the rule is to reduce the

amount of duplicative reports delivered

to investors sharing the same address.

Rule 30d–2 permits householding of

annual and semi-annual reports by UITs

to satisfy the delivery requirements of

rule 30d–2 if, in addition to the other

conditions set forth in the rule, the UIT

has obtained from each investor written

or implied consent to the householding

of shareholder reports. The rule requires

UITs that wish to household

shareholder reports with implied

consent to send a notice to each investor

stating that the investors in the

household will receive one report in the

future unless the investors provide

contrary instructions. In addition, at

least once a year, UITs relying on the

rule for householding must explain to

investors who have provided written or

implied consent how they can revoke

their consent. Preparing and sending the

initial notice and the annual

explanation of the right to revoke are

collections of information.

The rule requires UITs that invest

substantially all of their assets in

securities of a fund to transmit to

shareholders at least semi-annually

reports containing financial statements

and certain other information in order to

apprise current shareholders of the

operational and financial condition of

the UIT. Absent the requirement to

disclose all material information in

reports, investors would be unable to

obtain accurate information upon which

to base investment decisions and

consumer confidence in the securities

industry might be adversely affected.

Requiring the submission of these

reports to the Commission permits us to

verify compliance with securities law

requirements.

Rule 30d–2 allows UITs to household

shareholder reports if certain conditions