76422 Federal Register / Vol. 69, No. 244 / Tuesday, December 21, 2004 / Proposed Rules 

Order 12866; (2) is not a ‘‘significant 

rule’’ under DOT Regulatory Policies 

and Procedures (44 FR 11034; February 

26, 1979); and (3) does not warrant 

preparation of a regulatory evaluation as 

the anticipated impact is so minimal. 

Since this is a routine matter that will 

only affect air traffic procedures and air 

navigation, it is certified that this rule, 

when promulgated, will not have a 

significant economic impact on a 

substantial number of small entities 

under the criteria of the Regulatory 

Flexibility Act. 

The FAA’s authority to issue rules 

regarding aviation safety is found in 

Title 49 of the United States Code. 

Subtitle 1, section 106 describes the 

authority of the FAA Administrator. 

Subtitle VII, Aviation Programs, 

describes in more detail the scope of the 

agency’s authority. 

This rulemaking is promulgated 

under the authority described in subtitle 

VII, part A, subpart 1, section 40103, 

Sovereignty and use of airspace. Under 

that section, the FAA is charged with 

prescribing regulations to ensure the 

safe and efficient use of the navigable 

airspace. This regulation is within the 

scope of that authority because in 

proposes to create Class E airspace 

sufficient to contain aircraft executing 

instrument approaches at Angoon 

Seaplane Base and represents the FAA’s 

continuing effort to safely and 

efficiently use the navigable airspace.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference, 

Navigation (air).

The Proposed Amendment 

In consideration of the foregoing, the 

Federal Aviation Administration 

proposes to amend 14 CFR part 71 as 

follows:

PART 71— DESIGNATION OF CLASS 

A, CLASS B, CLASS C, CLASS D, AND 

CLASS E AIRSPACE AREAS; 

AIRWAYS; ROUTES; AND REPORTING 

POINTS 

1. The authority citation for 14 CFR 

part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113, 

40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389.

§ 71.1 [Amended] 

2. The incorporation by reference in 

14 CFR 71.1 of Federal Aviation 

Administration Order 7400.9M, 

Airspace Designations and Reporting 

Points, dated August 30, 2004, and 

effective September 16, 2004, is to be 

amended as follows:

* * * * *

Paragraph 6005 Class E airspace extending 

upward from 700 feet or more above the 

surface of the earth.

* * * * *

AAL AK E5 Angoon, AK [New] 

Angoon Seaplane Base, AK. 

(Lat. 57°30′13′′ N., long. 134°35′07′′ W.)

That airspace extending upward from 700 

feet above the surface within a 7.5-mile 

radius of the Angoon Seaplane Base.

* * * * *

Issued in Anchorage, AK, on December 10, 

2004. 

Anthony M. Wylie, 

Acting Area Director, Alaska Flight Services 

Area Office.

[FR Doc. 04–27825 Filed 12–20–04; 8:45 am] 

BILLING CODE 4910–13–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

26 CFR Part 1

[REG–149519–03] 

RIN 1545–BC63

Section 707 Regarding Disguised 

Sales, Generally; Correction

AGENCY: Internal Revenue Service (IRS), 

Treasury.

ACTION: Correction to notice of proposed 

rulemaking and notice of public 

hearing. 

SUMMARY: This document contains a 

correction to proposed regulations 

which were published in the Federal 

Register on Friday, November 26, 2004 

(69 FR 68838). The proposed regulations 

relates to the treatment of transactions 

between a partnership and its partners 

as disguised sales of partnership 

interests between the partners.

FOR FURTHER INFORMATION CONTACT:

Deane M. Burke or Christopher L. 

Trump, (202) 622–3070 (not a toll-free 

number).

SUPPLEMENTARY INFORMATION: 

Background 

The proposed regulations that is the 

subject of this correction is under 

section 707(a)(2)(B) of the Internal 

Revenue Code. 

Need for Correction 

As published, the notice of proposed 

rulemaking and notice of public hearing 

contain an error that may prove to be 

misleading and is in need of 

clarification. 

Correction to Publication 

Accordingly, the publication of the 

proposed regulations (REG–149519–03), 

which was the subject of FR Doc. 04–

26112, is corrected as follows: 

On page 68843, column 3, in the 

preamble under the paragraph heading, 

‘‘Review of Existing Regulations’’, line 

5, the language ‘‘§§ 1.707–3, 1.707–4, 

and 1.707–5.’’ is corrected to read 

‘‘§§ 1.707–3, 1.707–4, 1.707–5 and 

1.707–6.’’.

Cynthia E. Grigsby, 

Acting Chief, Regulations and Publications 

Branch, Legal Processing Division, Associate 

Chief Counsel (Procedure and 

Administration).

[FR Doc. 04–27913 Filed 12–20–04; 8:45 am] 

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service 

26 CFR Parts 1 and 31

[REG–155608–02] 

RIN 1545–BB64

Revised Regulations Concerning 

Section 403(b) Tax-Sheltered Annuity 

Contracts; Correction

AGENCY: Internal Revenue Service (IRS), 

Treasury.

ACTION: Correction to notice of proposed 

rulemaking and notice of proposed 

rulemaking by cross-reference to 

temporary regulations. 

SUMMARY: This document corrects a 

notice of proposed rulemaking and 

notice of proposed rulemaking by crossreference to temporary regulations 

(REG–155608–02) that was published in 

the Federal Register on Tuesday, 

November 16, 2004 (69 FR 67075). The 

proposed regulations provide updated 

guidance on section 403(b) contracts of 

public schools and tax-exempt 

organizations described in section 

501(c)(3).

FOR FURTHER INFORMATION CONTACT: R. 

Lisa Mojiri-Azad or JohnTolleris at (202) 

622–6060 (not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background 

The notice of proposed rulemaking 

and notice of proposed rulemaking by 

cross reference to temporary regulations 

(REG–155608–02) that is the subject of 

this correction are under sections 403(b) 

of the Internal Revenue Code, and under 

related provisions of sections 402(b), 

402(g), 414(c), and 3121(a)(5)(D). 

Need for Correction 

As published, the notice of proposed 

rulemaking and notice of proposed 

rulemaking by cross reference to