Federal Register / Vol. 66, No. 94 / Tuesday, May 15, 2001 / Rules and Regulations 26791

contain characteristic sedimentary

sandstones and mudrocks that usually

bear a red or brownish appearance from

an abundance of iron oxide minerals

(hematite and limonite). None of these

geologic formations exist in the Long

Island viticultural area.

• Climate:

There is evidence in the record

showing that the moderating influence

of the Long Island viticultural area’s

surrounding water is evident in the

temperature data. In terms of average

temperatures, the viticultural area

shows the highest average annual winter

temperature compared to the

surrounding areas. The Long Island

viticultural area’s average low

temperature over thirty years is 43.5

degrees Fahrenheit (43.5°F), 2.5°F

warmer than the area of Westchester

County and downstate New York, and

2.2°F warmer annually than the average

from New Jersey. The Long Island

viticultural area is also over 4°F warmer

on average than Connecticut.

The Long Island viticultural area also

has the least extreme winter low

temperatures than its surrounding areas

with the lowest average being ¥5.67°F.

New Jersey was 1.63°F colder at ¥7.3°F.

Westchester/Downstate New York and

Connecticut were seen to have winter

low temperatures considerably colder

than the Long Island viticultural area.

Connecticut can experience

temperatures as low as ¥13.5°F which

is 7.83°F colder than the Long Island

viticultural area. Westchester/Downstate

New York proved to be the coldest with

low temperatures reaching ¥15.3°F in

some years which is 9.63°F colder than

the Long Island viticultural area.

Based on the standard University of

California at Davis (UCD) temperature

summation definition of climatic

regions or zones, the Long Island

viticultural area would appear to fall

into high Region II (less than 3,000

degree days). Connecticut on the

average is a borderline Region II with

some years having Region I (less than

2,500 degree days) conditions. New

Jersey is solidly classified as a Region III

(less than 3,500 degree days), with some

locations approaching Region IV (less

than 4000 degree days) status in warmer

years. The Long Island viticultural area

historically has an average of 166 more

degree-days than Westchester/

Downstate NY and as much as 324 more

degree-days than Connecticut.

On average, the Long Island

viticultural area experiences 204 frostfree days during the growing season.

This is 31 days longer than New Jersey,

37 days longer than Westchester/

Downstate NY and as much as 50 days

longer than the Connecticut average.

The Long Island viticultural area can

therefore have as much as four to seven

weeks more growing season than any of

the surrounding land masses.

On an average annual basis, the Long

Island viticultural area has the lowest

levels of precipitation of all the

surrounding areas with 42 inches

annually. The annual difference is 3.4

inches less than Westchester/Downstate

NY, 3.8 inches less than New Jersey and

4.1 inches less than Connecticut. The

reason for this difference is attributed to

the moderating influence of Long Island

Sound waters.

3. Regulatory Analyses and Notices

Is This a Significant Regulatory Action

as Defined by Executive Order 12866?

It has been determined that this final

rule is not a significant regulatory action

as defined in Executive Order 12866.

Accordingly, this final rule is not

subject to the analysis required by this

Executive Order.

How Does the Regulatory Flexibility Act

Apply to This Proposed Rule?

It is hereby certified that this

regulation will not have a significant

economic impact on a substantial

number of small entities. Any benefit

derived from the use of a viticultural

area name is the result of the

proprietor’s own efforts and consumer

acceptance of wines from a particular

area. No new requirements are imposed.

Accordingly, a regulatory flexibility

analysis is not required.

Does the Paperwork Reduction Act

Apply to This Proposed Rule?

The Paperwork Reduction Act of

1995, 44 U.S.C. Chapter 35, and its

implementing regulations, 5 CFR part

1320, do not apply to this final rule

because no requirement to collect

information is imposed.

4. Drafting Information

The principal author of this document

is Lisa M. Gesser, Regulations Division,

Bureau of Alcohol, Tobacco and

Firearms.

List of Subjects in 27 CFR Part 9

Administrative practices and

procedures, Consumer protection,

Viticultural areas, and Wine.

Authority and Issuance

Title 27, Code of Federal Regulations,

Part 9, American Viticultural Areas, is

amended as follows:

PART 9—AMERICAN VITICULTURAL

AREAS

Paragraph 1. The authority citation

for part 9 continues to read as follows:

Authority: 27 U.S.C. 205.

Subpart C—Approved American

Viticultural Areas

Par. 2. Subpart C is amended by

adding § 9.170 to read as follows:

§ 9.170 Long Island

(a) Name. The name of the viticultural

area described in this section is ‘‘Long

Island.’’

(b) Approved Maps. The appropriate

maps for determining the boundary of

the Long Island viticultural area are

three United States Geological Survey

(U.S.G.S.) topographic maps (Scale:

1:250,000). They are titled:

(1) ‘‘New York, N.Y.; N.J.; Conn.,’’

1960 (revised 1979);

(2) ‘‘Hartford, Conn.; N.Y.; N.J.;

Mass.,’’ 1962 (revised 1975); and

(3) ‘‘Providence, R.I.; Mass.; Conn.;

N.Y.,’’ 1947 (revised 1969).

(c) Boundaries. The Long Island

viticultural area includes approximately

1,170 square miles or 749,146 acres and

is made up of the counties of Nassau

and Suffolk, New York, including all off

shore islands in those counties.

Bradley A. Buckles,

Director.

Approved: April 19, 2001.

Timothy E. Skud,

Acting Deputy Assistant Secretary,

(Regulatory, Tariff and Trade Enforcement).

[FR Doc. 01–12161 Filed 5–14–01; 8:45 am]

BILLING CODE 4810–31–P

PENSION BENEFIT GUARANTY

CORPORATION

29 CFR Parts 4022 and 4044

Benefits Payable in Terminated SingleEmployer Plans; Allocation of Assets

in Single-Employer Plans; Interest

Assumptions for Valuing and Paying

Benefits

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Final rule.

SUMMARY: The Pension Benefit Guaranty

Corporation’s regulations on Benefits

Payable in Terminated Single-Employer

Plans and Allocation of Assets in

Single-Employer Plans prescribe interest

assumptions for valuing and paying

benefits under terminating singleemployer plans. This final rule amends

26792 Federal Register / Vol. 66, No. 94 / Tuesday, May 15, 2001 / Rules and Regulations

the regulations to adopt interest

assumptions for plans with valuation

dates in June 2001. Interest assumptions

are also published on the PBGC’s web

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

EFFECTIVE DATE: June 1, 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: The

PBGC’s regulations prescribe actuarial

assumptions—including interest

assumptions—for valuing and paying

plan benefits of terminating singleemployer plans covered by title IV of

the Employee Retirement Income

Security Act of 1974. The interest

assumptions are intended to reflect

current conditions in the financial and

annuity markets.

Three sets of interest assumptions are

prescribed: (1) A set for the valuation of

benefits for allocation purposes under

section 4044 (found in Appendix B to

part 4044), (2) a set for the PBGC to use

to determine whether a benefit is

payable as a lump sum and to determine

lump-sum amounts to be paid by the

PBGC (found in Appendix B to part

4022), and (3) a set for private-sector

pension practitioners to refer to if they

wish to use lump-sum interest rates

determined using the PBGC’s historical

methodology (found in Appendix C to

part 4022).

Accordingly, this amendment (1) adds

to Appendix B to part 4044 the interest

assumptions for valuing benefits for

allocation purposes in plans with

valuation dates during June 2001, (2)

adds to Appendix B to part 4022 the

interest assumptions for the PBGC to

use for its own lump-sum payments in

plans with valuation dates during June

2001, and (3) adds to Appendix C to

part 4022 the interest assumptions for

private-sector pension practitioners to

refer to if they wish to use lump-sum

interest rates determined using the

PBGC’s historical methodology for

valuation dates during June 2001.

For valuation of benefits for allocation

purposes, the interest assumptions that

the PBGC will use (set forth in

Appendix B to part 4044) will be 6.60

percent for the first 20 years following

the valuation date and 6.25 percent

thereafter. These interest assumptions

represent an increase (from those in

effect for May 2001) of 0.20 percent for

the first 20 years following the valuation

date and are otherwise unchanged.

The interest assumptions that the

PBGC will use for its own lump-sum

payments (set forth in Appendix B to

part 4022) will be 5.00 percent for the

period during which a benefit is in pay

status, 4.25 percent during the sevenyear period directly preceding the

benefit’s placement in pay status, and

4.00 percent during any other years

preceding the benefit’s placement in pay

status. These interest assumptions

represent an increase (from those in

effect for May 2001) of 0.25 percent for

the period during which a benefit is in

pay status and the seven-year period

directly preceding the benefit’s

placement in pay status and are

otherwise unchanged.

For private-sector payments, the

interest assumptions (set forth in

Appendix C to part 4022) will be the

same as those used by the PBGC for

determining and paying lump sums (set

forth in Appendix B to part 4022).

The PBGC has determined that notice

and public comment on this amendment

are impracticable and contrary to the

public interest. This finding is based on

the need to determine and issue new

interest assumptions promptly so that

the assumptions can reflect, as

accurately as possible, current market

conditions.

Because of the need to provide

immediate guidance for the valuation

and payment of benefits in plans with

valuation dates during June 2001, the

PBGC finds that good cause exists for

making the assumptions set forth in this

amendment effective less than 30 days

after publication.

The PBGC has determined that this

action is not a ‘‘significant regulatory

action’’ under the criteria set forth in

Executive Order 12866.

Because no general notice of proposed

rulemaking is required for this

amendment, the Regulatory Flexibility

Act of 1980 does not apply. See 5 U.S.C.

601(2).

List of Subjects

29 CFR Part 4022

Employee benefit plans, Pension

insurance, Pensions, Reporting and

recordkeeping requirements.

29 CFR Part 4044

Employee benefit plans, Pension

insurance, Pensions.

In consideration of the foregoing, 29

CFR parts 4022 and 4044 are amended

as follows:

PART 4022—BENEFITS PAYABLE IN

TERMINATED SINGLE-EMPLOYER

PLANS

1. The authority citation for part 4022

continues to read as follows:

Authority: 29 U.S.C. 1302, 1322, 1322b,

1341(c)(3)(D), and 1344.

2. In appendix B to part 4022, Rate Set

92, as set forth below, is added to the

table. (The introductory text of the table

is omitted.)

Appendix B to Part 4022—Lump Sum

Interest Rates For PBGC Payments

* * * * *

Rate set

For plans with a valuation

date Immediate

annuity rate

(percent)

Deferred annuities (percent)

On or after Before i1 i2 i3 n1 n2

* * * * * **

92 6–1–01 7–1–01 5.00 4.25 4.00 4.00 7 8

3. In appendix C to part 4022, Rate Set

92, as set forth below, is added to the

table. (The introductory text of the table

is omitted.)

Federal Register / Vol. 66, No. 94 / Tuesday, May 15, 2001 / Rules and Regulations 26793

Appendix C to Part 4022—Lump Sum

Interest Rates For Private-Sector

Payments

* * * * *

Rate set

For plans with a valuation

date Immediate

annuity rate

(percent)

Deferred annuities (percent)

On or after Before i1 i2 i3 n1 n2

* * * * * **

92 6–1–01 7–1–01 5.00 4.25 4.00 4.00 7 8

PART 4044—ALLOCATION OF

ASSETS IN SINGLE-EMPLOYER

PLANS

4. The authority citation for part 4044

continues to read as follows:

Authority: 29 U.S.C. 1301(a), 1302(b)(3),

1341, 1344, 1362.

5. In appendix B to part 4044, a new

entry, as set forth below, is added to the

table. (The introductory text of the table

is omitted.)

Appendix B to Part 4044—Interest

Rates Used To Value Benefits

* * * * *

For valuation

dates occurring in

the month—

The values of it are:

it for t = it for t = it for t =

* * * * * **

June 2001 .0660 1–20 .0625 >20 N/A N/A

Issued in Washington, DC, on this 8th day

of May 2001.

Joseph H. Grant,

Acting Executive Director, Pension Benefit

Guaranty Corporation.

[FR Doc. 01–12198 Filed 5–14–01; 8:45 am]

BILLING CODE 7708–01–P

DEPARTMENT OF DEFENSE

Department of the Air Force

32 CFR Part 989

Environmental Impact Analysis

Process (EIAP); Correction

AGENCY: Department of the Air Force,

DoD.

ACTION: Final rule; correction.

SUMMARY: The Department of the Air

Force published in the Federal Register

of March 28, 2001, a document

concerning correcting amendments.

This document corrects the inadvertent

change to correcting amendment 17.

DATES: Effective on May 15, 2001.

FOR FURTHER INFORMATION CONTACT: Mr.

Jack Bush (HQ USAF/ILEB), 1260 Air

Force Pentagon, Washington, DC 20330–

1260, (703) 604–0553.

SUPPLEMENTARY INFORMATION: In FR Doc.

01–7671 published on March 28, 2001

(66 FR 16868) make the following

correction. On page 16868, correcting

amendment 17, § 989.18, paragraph (a),

third to last sentence correct ‘‘AF/ILEV’’

to read ‘‘USAF/ILEV.’’

Dated: May 10, 2001.

Janet A. Long,

Air Force Federal Register Liaison Officer.

[FR Doc. 01–12200 Filed 5–14–01; 8:45 am]

BILLING CODE 5001–05–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 117

[CGD 08–01–005]

RIN 2115–AE47

Drawbridge Operation Regulation;

Illinois Waterway, Illinois

AGENCY: Coast Guard, DOT.

ACTION: Temporary final rule.

SUMMARY: The Commander, Eighth

Coast Guard District is temporarily

changing the regulation governing the

McDonough Street Bridge, mile 287.3;

Jefferson Street Bridge, mile 287.9; Cass

Street Bridge, mile 288.1; Jackson Street

Bridge, mile 288.4 and the Ruby Street

Bridge, mile 288.7, Illinois Waterway.

The drawbridges, with the exception of

the Jefferson Street Bridge, will be

allowed to remain closed to navigation

from 7:30 a.m. to 9 a.m. and 4 p.m. to

5:30 p.m., Monday through Saturday.

The Jefferson Street Bridge will remain

in the open-to-navigation position. This

temporary rule is issued to facilitate

land traffic management while

emergency repairs are made to the

Jefferson Street Bridge.

DATES: This rule is effective from 7:30

a.m., March 30, 2001 until 7:30 a.m. on

July 2, 2001.

ADDRESSES: Unless otherwise indicated,

documents referred to in this notice will

be available for inspection and copying

at room 2.107f in the Robert A. Young

Federal Building at Eighth Coast Guard

District, Bridge Branch, 1222 Spruce

Street, St. Louis, MO 63103–2832,

between 7 a.m. and 4 p.m., Monday

through Friday, except Federal holidays.

FOR FURTHER INFORMATION CONTACT:

Roger K. Wiebusch, Bridge

Administrator, Eighth Coast Guard

District, Bridge Branch, 1222 Spruce

Street, St. Louis, MO 63103–2832,

Telephone (314) 539–3900, extension

378.

SUPPLEMENTARY INFORMATION:

Regulatory Information

In accordance with 5 U.S.C. 553, a

notice of proposed rulemaking has not

been published and good cause exists

for making this rule effective in less

than 30 days from publication. The

change has been implemented to

address the emergency situation

resulting in extensive damage to the

Jefferson Street Bridge caused by a

vessel allision. Thus, following normal

rule making procedures would be

impractical. Delaying implementation of