This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

19429 

Vol. 71, No. 72 

Friday, April 14, 2006 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Food and Drug Administration 

21 CFR Part 520 

Oral Dosage Form New Animal Drugs; 

Fenbendazole Granules 

AGENCY: Food and Drug Administration, 

HHS. 

ACTION: Final rule. 

SUMMARY: The Food and Drug 

Administration (FDA) is amending the 

animal drug regulations to reflect 

approval of a supplemental new animal 

drug application (NADA) filed by 

Intervet, Inc. The supplemental NADA 

provides for minor changes to the 

labeling of over-the-counter 

fenbendazole granules, used for the 

treatment and control of certain internal 

parasites in dogs. 

DATES: This rule is effective April 14, 

2006. 

FOR FURTHER INFORMATION CONTACT: 

Melanie R. Berson, Center for Veterinary 

Medicine (HFV–110), Food and Drug 

Administration, 7500 Standish Pl., 

Rockville, MD 20855, 301–827–7540, email: melanie.berson@fda.hhs.gov. 

SUPPLEMENTARY INFORMATION: Intervet, 

Inc., P.O. Box 318, 29160 Intervet Lane, 

Millsboro, DE 19966, filed a supplement 

to NADA 121–473 that provides for 

over-the-counter use in dogs of SAFEGUARD (fenbendazole) Canine, orally 

administered granules used for the 

treatment and control of certain internal 

parasites. The supplemental NADA 

provides for minor changes to product 

labeling. The supplemental NADA is 

approved as of March 17, 2006, and the 

regulations are amended in 21 CFR 

520.905b to reflect the approval. 

Approval of this supplemental NADA 

did not require review of additional 

safety or effectiveness data or 

information. Therefore, a freedom of 

information summary is not required. 

The agency has determined under 21 

CFR 25.33(d)(1) that this action is of a 

type that does not individually or 

cumulatively have a significant effect on 

the human environment. Therefore, 

neither an environmental assessment 

nor an environmental impact statement 

is required. 

This rule does not meet the definition 

of ‘‘rule’’ in 5 U.S.C. 804(3)(A) because 

it is a rule of ‘‘particular applicability.’’ 

Therefore, it is not subject to the 

congressional review requirements in 5 

U.S.C. 801–808. 

List of Subjects in 21 CFR Part 520 

Animal drugs. 

■ Therefore, under the Federal Food, 

Drug, and Cosmetic Act and under the 

authority delegated to the Commissioner 

of Food and Drugs and redelegated to 

the Center for Veterinary Medicine, 21 

CFR part 520 is amended as follows: 

PART 520—ORAL DOSAGE FORM 

NEW ANIMAL DRUGS 

■ 1. The authority citation for 21 CFR 

part 520 continues to read as follows: 

Authority: 21 U.S.C. 360b. 

§ 520.905b [Amended] 

■ 2. In paragraph (d)(2)(ii) of § 520.905b, 

remove the word ‘‘removal’’ and add, in 

its place, the words ‘‘treatment and 

control’’. 

Dated: April 6, 2006. 

Steven D. Vaughn, 

Director, Office of New Animal Drug 

Evaluation, Center for Veterinary Medicine. 

[FR Doc. 06–3586 Filed 4–13–06; 8:45 am] 

BILLING CODE 4160–01–S 

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 

the regulations to adopt interest 

assumptions for plans with valuation 

dates in May 2006. Interest assumptions 

are also published on the PBGC’s Web 

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

DATES: Effective May 1, 2006. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Attorney, Legislative 

and Regulatory Department, Pension 

Benefit Guaranty Corporation, 1200 K 

Street, NW., Washington, DC 20005, 

202–326–4024. (TTY/TDD users may 

call the Federal relay service toll-free 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). 

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 May 2006, (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 May 

2006, 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 


hsrobinson on PROD1PC61 with RULES
19430 Federal Register / Vol. 71, No. 72 / Friday, April 14, 2006 / Rules and Regulations 

PBGC’s historical methodology for 

valuation dates during May 2006. 

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 5.90 

percent for the first 20 years following 

the valuation date and 4.75 percent 

thereafter. These interest assumptions 

represent an increase (from those in 

effect for April 2006) of 0.30 percent for 

the first 20 years following the valuation 

date and are otherwise unchanged. 

These interest assumptions reflect the 

PBGC’s recently updated mortality 

assumptions, which are effective for 

terminations on or after January 1, 2006. 

See the PBGC’s final rule published 

December 2, 2005 (70 FR 72205), which 

is available at http://www.pbgc.gov/ 

docs/05-23554.pdf. Because the updated 

mortality assumptions reflect 

improvements in mortality, these 

interest assumptions are higher than 

they would have been using the old 

mortality assumptions. 

The interest assumptions that the 

PBGC will use for its own lump-sum 

payments (set forth in Appendix B to 

part 4022) will be 3.00 percent for the 

period during which a benefit is in pay 

status and 4.00 percent during any years 

preceding the benefit’s placement in pay 

status. These interest assumptions 

represent an increase (from those in 

effect for April 2006) of 0.25 percent for 

the period during which a benefit is 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 May 2006, 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 

151, as set forth below, is added to the 

table. 

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

* * * * * * * 

151 5–1–06 6–1–06 3.00 4.00 4.00 4.00 7 8 

■ 3. In appendix C to part 4022, Rate Set 

151, as set forth below, is added to the 

table. 

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

* * * * * * * 

151 5–1–06 6–1–06 3.00 4.00 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 for May 2006, as set forth below, 

is added to the table. 

Appendix B to Part 4044—Interest 

Rates Used to Value Benefits 

* * * * * 


hsrobinson on PROD1PC61 with RULES
Federal Register / Vol. 71, No. 72 / Friday, April 14, 2006 / Rules and Regulations 19431 

For valuation dates occurring in the month—

The values of it are: 

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

* * * * * * * 

May 2006 ...................................................................................... .0590 1–20 .0475 >20 N/A N/A 

Issued in Washington, DC, on this 7th day 

of April 2006. 

Vincent K. Snowbarger, 

Deputy Executive Director, Pension Benefit 

Guaranty Corporation. 

[FR Doc. 06–3572 Filed 4–13–06; 8:45 am] 

BILLING CODE 7709–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Parts 100, 147 and/or 165 

[USCG–2006–24413] 

Quarterly Listings; Safety Zones, 

Security Zones and Special Local 

Regulations 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of temporary rules 

issued. 

SUMMARY: This document provides 

required notice of substantive rules 

issued by the Coast Guard and 

temporarily effective between October 1, 

2005 and December 31, 2005, which 

were not published in the Federal 

Register. This quarterly notice lists 

special local regulations, security zones, 

and safety zones, all of limited duration 

and for which timely publication in the 

Federal Register was not possible. 

DATES: This document lists temporary 

Coast Guard rules that became effective 

and were terminated between October 1, 

2005 and December 31, 2005. 

ADDRESSES: The Docket Management 

Facility maintains the public docket for 

this notice. Documents indicated in this 

notice will be available for inspection or 

copying at the Docket Management 

Facility, U.S. Department of 

Transportation, Room PL–401, 400 

Seventh Street, SW., Washington, DC 

20593–0001 between 9 a.m. and 5 p.m., 

Monday through Friday, except Federal 

holidays. You may electronically access 

the public docket for this notice on the 

Internet at http://dms.dot.gov. 

FOR FURTHER INFORMATION CONTACT: For 

questions on this notice contact Ms. 

Lesley Mose, Office of Regulations and 

Administrative Law, telephone (202) 

267–1477. For questions on viewing, or 

on submitting material to the docket, 

contact Ms. Angie Ames, Program 

Manager, Docket Operations, telephone 

202–366–5115. 

SUPPLEMENTARY INFORMATION: Coast 

Guard District Commanders and 

Captains of the Port (COTP) must be 

immediately responsive to the safety 

and security needs within their 

jurisdiction; therefore, District 

Commanders and COTPs have been 

delegated the authority to issue certain 

local regulations. Safety zones may be 

established for safety or environmental 

purposes. A safety zone may be 

stationary and described by fixed limits 

or it may be described as a zone around 

a vessel in motion. Security zones limit 

access to prevent injury or damage to 

vessels, ports, or waterfront facilities 

and may also describe a zone around a 

vessel in motion. Special local 

regulations are issued to enhance the 

safety of participants and spectators at 

regattas and other marine events. 

Timely publication of these rules in the 

Federal Register is often precluded 

when a rule responds to an emergency, 

or when an event occurs without 

sufficient advance notice. The affected 

public is, however, informed of these 

rules through Local Notices to Mariners, 

press releases, and other means. 

Moreover, actual notification is 

provided by Coast Guard patrol vessels 

enforcing the restrictions imposed by 

the rule. Because Federal Register 

publication was not possible before the 

beginning of the effective period, 

mariners were personally notified of the 

contents of these special local 

regulations, security zones, or safety 

zones by Coast Guard officials’ on-scene 

prior to any enforcement action. 

However, the Coast Guard, by law, must 

publish in the Federal Register notice of 

substantive rules adopted. To meet this 

obligation without imposing undue 

expense on the public, the Coast Guard 

periodically publishes a list of these 

special local regulations, security zones, 

and safety zones regulations. Permanent 

rules are not included in this list 

because they are published in their 

entirety in the Federal Register. 

Temporary rules are also published in 

their entirety if sufficient time is 

available to do so before they are placed 

in effect or terminated. The safety zones, 

special local regulations and security 

zones regulations listed in this notice 

have been exempted from review under 

Executive Order 12866, Regulatory 

Planning and Review, because of their 

emergency nature, or limited scope and 

temporary effectiveness. 

The following rules were placed in 

effect temporarily during the period 

from October 1, 2005, through December 

31, 2005, unless otherwise indicated. 

Dated: April 5, 2006. 

S.G. Venckus, 

Chief, Office of Regulations and 

Administrative Law. 

Docket No. Location Type Date 

CGD01–05–093 ..... Boston, MA ................................... Safety Zones (Parts 147 and 165) ...................................................... 10/5/2005 

CGD05–05–121 ..... Virginia Beach, VA ....................... Safety Zones (Parts 147 and 165) ...................................................... 10/1/2005 

CGD05–05–132 ..... Norfolk, VA ................................... Safety Zones (Parts 147 and 165) ...................................................... 11/22/2005 

CGD05–05–133 ..... Annapolis, MD .............................. Security Zones (Part 165) .................................................................... 11/30/2005 

CGD05–05–134 ..... James River, VA ........................... Safety Zones (Parts 147 and 165) ...................................................... 11/28/2005 

CGD05–05–135 ..... James River, VA ........................... Safety Zones (Parts 147 and 165) ...................................................... 12/1/2005 

CGD05–05–136 ..... James River, VA ........................... Safety Zones (Parts 147 and 165) ...................................................... 12/5/2005 

CGD05–05–500 ..... Cape Fear River, NC .................... Safety Zones (Parts 147 and 165) ...................................................... 12/26/2005 

CGD07–05–137 ..... Jacksonville, FL ............................ Special Local Regulations (Part 100) .................................................. 11/26/2005 

CGD07–05–150 ..... Savannah, GA .............................. Special Local Regulations (Part 100) .................................................. 11/26/2005 

CGD07–05–151 ..... Charleston, SC ............................. Special Local Regulations (Part 100) .................................................. 12/3/2005 

CGD09–05–129 ..... Waugoshance Light House, MI .... Safety Zones (Parts 147 and 165) ...................................................... 10/5/2005 

CGD09–05–132 ..... Chicago, IL ................................... Safety Zones (Parts 147 and 165) ...................................................... 11/5/2005 

CGD09–05–133 ..... Milwaukee, WI .............................. Safety Zones (Parts 147 and 165) ...................................................... 11/17/2005 


hsrobinson on PROD1PC61 with RULES