75588 Federal Register / Vol. 71, No. 241 / Friday, December 15, 2006 / Notices 

specified in 10 CFR 20.1402. Because 

the proposed action will not 

significantly impact the quality of the 

human environment, the NRC staff 

concludes that the proposed action is 

the preferred alternative. 

Agencies and Persons Consulted 

NRC provided a draft of this 

Environmental Assessment to the 

Washington State Department of Health, 

Office of Radiation Protection for review 

on October 31, 2006. On November 6, 

2006, the Washington State Department 

of Health, Office of Radiation Protection 

responded by electronic mail. The State 

agreed with the conclusions of the EA, 

and provided editorial comments. 

The NRC staff has determined that the 

proposed action is of a procedural 

nature, and will not affect listed species 

or critical habitat. Therefore, no further 

consultation is required under Section 7 

of the Endangered Species Act. The 

NRC staff has also determined that the 

proposed action is not the type of 

activity that has the potential to cause 

effects on historic properties. Therefore, 

no further consultation is required 

under Section 106 of the National 

Historic Preservation Act. 

III. Finding of No Significant Impact 

The NRC staff has prepared this EA in 

support of the proposed action. On the 

basis of this EA, the NRC finds that 

there are no significant environmental 

impacts from the proposed action, and 

that preparation of an environmental 

impact statement is not warranted. 

Accordingly, the NRC has determined 

that a Finding of No Significant Impact 

is appropriate. 

IV. Further Information 

Documents related to this action, 

including the application for license 

amendment and supporting 

documentation, are available 

electronically at the NRC’s Electronic 

Reading Room at http://www.nrc.gov/ 

reading-rm/adams.html. From this site, 

you can access the NRC’s Agencywide 

Document Access and Management 

System (ADAMS), which provides text 

and image files of NRC’s public 

documents. The documents related to 

this action are listed below, along with 

their ADAMS accession numbers. 

1. NUREG–1757, ‘‘Consolidated 

NMSS Decommissioning Guidance;’’

2. Title 10 Code of Federal 

Regulations, Part 20, Subpart E, 

‘‘Radiological Criteria for License 

Termination;’’

3. Title 10, Code of Federal 

Regulations, Part 51, ‘‘Environmental 

Protection Regulations for Domestic 

Licensing and Related Regulatory 

Functions;’’

4. NUREG–1496, ‘‘Generic 

Environmental Impact Statement in 

Support of Rulemaking on Radiological 

Criteria for License Termination of NRCLicensed Nuclear Facilities;’’

5. NRC License No. 45–23645–01NA 

inspection and licensing records; 

6. Department of the Navy, 

Termination of Naval Radioactive 

Materials Permit No. 46–00253–B1NP 

Issued to Naval Undersea Warfare 

Center Division, Keyport, Washington, 

dated October 11, 2005 (ML052970305); 

and 

7. Department of the Navy, Final 

Status Survey for Naval Undersea 

Warfare Center and supporting 

documentation, dated December 15, 

2004 (ML060390731). 

If you do not have access to ADAMS, 

or if there are problems in accessing the 

documents located in ADAMS, contact 

the NRC Public Document Room (PDR) 

Reference staff at 1–800–397–4209, 301–

415–4737, or by email to pdr@nrc.gov. 

These documents may also be viewed 

electronically on the public computers 

located at the NRC’s PDR, O 1 F21, One 

White Flint North, 11555 Rockville 

Pike, Rockville, MD 20852. The PDR 

reproduction contractor will copy 

documents for a fee. 

Dated at King of Prussia this 5th day of 

December 2006. 

For The Nuclear Regulatory Commission. 

Marie Miler, 

Chief, Materials Security & Industrial Branch, 

Division of Nuclear Materials Safety, Region 

I. 

[FR Doc. E6–21355 Filed 12–14–06; 8:45 am] 

BILLING CODE 7590–01–P 

NUCLEAR REGULATORY 

COMMISSION 

Advisory Committee on Reactor 

Safeguards (ACRS) Meeting of the 

Subcommittee on Plant License 

Renewal; Notice of Meeting 

The ACRS Subcommittee on Plant 

License Renewal will hold a meeting on 

January 18, 2007, Room T–2B3, 11545 

Rockville Pike, Rockville, Maryland. 

The entire meeting will be open to 

public attendance. 

The agenda for the subject meeting 

shall be as follows: 

Thursday, January 18, 2007—8:30 

a.m. until 5 p.m. 

The purpose of this meeting is to 

continue discussion on the License 

Renewal Application for Oyster Creek 

and the associated Safety Evaluation 

Report (SER) prepared by the NRR staff 

with emphasis on the containment liner 

questions raised at the subcommittee 

meeting held on October 3, 2006. The 

Subcommittee will hear presentations 

by and hold discussions with 

representatives of the NRC staff, 

AmerGen Energy Company, and other 

interested persons regarding this matter. 

The Subcommittee will gather 

information, analyze relevant issues and 

facts, and formulate proposed positions 

and actions, as appropriate, for 

deliberation by the full Committee. 

Members of the public desiring to 

provide oral statements and/or written 

comments should notify the Designated 

Federal Official, Mr. Michael Junge 

(telephone 301/415–6855) five days 

prior to the meeting, if possible, so that 

appropriate arrangements can be made. 

Electronic recordings will be permitted. 

Further information regarding this 

meeting can be obtained by contacting 

the Designated Federal Official between 

6:45 a.m. and 3:30 p.m. (ET). Persons 

planning to attend this meeting are 

urged to contact the above named 

individual at least two working days 

prior to the meeting to be advised of any 

potential changes to the agenda. 

Dated: December 11, 2006. 

Antonio F. Dias, 

Acting Branch Chief, ACRS/ACNW. 

[FR Doc. E6–21366 Filed 12–14–06; 8:45 am] 

BILLING CODE 7590–01–P 

PENSION BENEFIT GUARANTY 

CORPORATION 

Required Interest Rate Assumption for 

Determining Variable-Rate Premium for 

Single-Employer Plans; 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 can be derived 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 required interest rate for 

determining the variable-rate premium 

under part 4006 applies to premium 

payment years beginning in December 

2006. The interest assumptions for 

performing multiemployer plan 

valuations following mass withdrawal 

mstockstill on PROD1PC61 with NOTICES

Federal Register / Vol. 71, No. 241 / Friday, December 15, 2006 / Notices 75589 

1Applicants also request relief with respect to: (a) 

All of the Funds; and (b) any other existing and 

future series of the Registrants and any other 

existing or future registered open-end management 

investment company or series thereof that wishes 

to rely on the relief and: (1) Uses the ‘‘manager-ofmanagers’’ arrangement described in the 

application; (2) complies with the terms and 

conditions of the application; and (3) is advised by 

a Manager (together with the Funds, the ‘‘SubAdvised Funds’’). All references to the term 

‘‘Manager’’ herein include (a) NYLIM, and (b) any 

entity controlling, controlled by, or under common 

control with NYLIM. All existing registered openend management investment companies that 

currently intend to rely on the requested order are 

named as applicants. If the name of any SubAdvised Fund contains the name of a Sub-Adviser 

(as defined below), the name of the Manager, 

including the legal name of the Manager and/or any 

‘‘doing business as’’ or business unit names used by 

the Manager, will precede the name of the SubAdviser. 

under part 4281 apply to valuation dates 

occurring in January 2007. 

FOR FURTHER INFORMATION CONTACT: 

Catherine B. Klion, Manager, Regulatory 

and Policy Division, 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: 

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 (the 

‘‘required interest rate’’) in determining 

a single-employer plan’s variable-rate 

premium. Pursuant to the Pension 

Protection Act of 2006, for premium 

payment years beginning in 2006 or 

2007, the required interest rate is the 

‘‘applicable percentage’’ (currently 85 

percent) of the annual rate of interest 

determined by the Secretary of the 

Treasury on amounts invested 

conservatively in long-term investment 

grade corporate bonds for the month 

preceding the beginning of the plan year 

for which premiums are being paid (the 

‘‘premium payment year’’). Thus, the 

required interest rate to be used in 

determining variable-rate premiums for 

premium payment years beginning in 

December 2006 is 4.90 percent (i.e., 85 

percent of the 5.77 percent composite 

corporate bond rate for November 2006 

as determined by the Treasury). 

The following table lists the required 

interest rates to be used in determining 

variable-rate premiums for premium 

payment years beginning between 

January 2006 and December 2006. 

For premium payment 

years beginning in: 

The required interest 

rate is: 

January 2006 ............ 4.86 

February 2006 .......... 4.80 

March 2006 ............... 4.87 

April 2006 ................. 5.01 

May 2006 .................. 5.25 

June 2006 ................. 5.35 

July 2006 .................. 5.36 

August 2006 ............. 5.36 

September 2006 ....... 5.19 

October 2006 ............ 5.06 

November 2006 ........ 5.05 

December 2006 ........ 4.90 

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 January 

2007 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 12th day 

of December 2006. 

Vincent K. Snowbarger, 

Interim Director, Pension Benefit Guaranty 

Corporation. 

[FR Doc. E6–21441 Filed 12–14–06; 8:45 am] 

BILLING CODE 7709–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

27595; 812–13257] 

The MainStay Funds, et al.; Notice of 

Application 

December 11, 2006. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application under 

section 6(c) of the Investment Company 

Act of 1940 (‘‘Act’’) for an exemption 

from section 15(a) of the Act and rule 

18f–2 under the Act, as well as certain 

disclosure requirements. 

Summary of Application: Applicants 

request an order that would permit them 

to enter into and materially amend 

subadvisory agreements without 

shareholder approval and would grant 

relief from certain disclosure 

requirements. 

Applicants: The MainStay Funds and 

MainStay VP Series Fund, Inc. (each a 

‘‘Registrant’’ and together, the 

‘‘Registrants’’) and New York Life 

Investment Management LLC (‘‘NYLIM’’

or the ‘‘Manager’’). 

Filing Dates: The application was 

filed on February 1, 2006, and amended 

on May 2, 2006 and November 15, 2006. 

Applicants have agreed to file an 

amendment during the notice period, 

the substance of which is reflected in 

this notice. 

Hearing or Notification of Hearing: An 

order granting the application will be 

issued unless the Commission orders a 

hearing. Interested persons may request 

a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on January, 5, 2007 and 

should be accompanied by proof of 

service on the applicants, in the form of 

an affidavit or, for lawyers, a certificate 

of service. Hearing requests should state 

the nature of the writer’s interest, the 

reason for the request, and the issues 

contested. Persons may request 

notification of a hearing by writing to 

the Commission’s Secretary. 

ADDRESSES: Secretary, Securities and 

Exchange Commission, 100 F Street, 

NE., Washington, DC 20549–1090. 

Applicants, c/o Marguerite E.H. 

Morrison, Esq., New York Life 

Investment Management LLC, 169 

Lackawanna Ave., 3rd Floor, 

Parsippany, NJ 07054. 

FOR FURTHER INFORMATION CONTACT: 

Laura L. Solomon, Senior Counsel, at 

(202) 551–6915, or Nadya B. Roytblat, 

Assistant Director, at (202) 551–6821 

(Division of Investment Management, 

Office of Investment Company 

Regulation). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained for a fee at the 

Commission’s Public Reference Desk, 

100 F Street, NE., Washington, DC 

20549–0102 (telephone (202) 551–5850). 

Applicants’ Representations 

1. The MainStay Funds is organized 

as a Massachusetts business trust and is 

registered under the Act as an open-end 

management investment company. Each 

Registrant currently offers multiple 

series (each a ‘‘Fund’’) with its own 

investment objectives, policies and 

restrictions.1 MainStay VP Series Fund, 

Inc. is organized as a Maryland 

corporation and is registered under the 

Act as an open-end management 

investment company. The Manager is a 

Delaware limited liability company and 

is registered as an investment adviser 

mstockstill on PROD1PC61 with NOTICES