69372 Federal Register / Vol. 79, No. 225 / Friday, November 21, 2014 / Rules and Regulations 

this AD, using PW ASB No. PW4G–112– 

A72–330, Revision 1, dated February 14, 

2013, or an earlier version, you have met the 

requirements of paragraph (e)(2)(i) of this AD. 

(2) If you performed an in-shop FPI of the 

second-stage HPT air seal before the effective 

date of this AD, you have met the 

requirements of paragraph (e)(2)(i) of this AD. 

(i) Alternative Methods of Compliance 

(AMOCs) 

The Manager, Engine Certification Office, 

FAA, may approve AMOCs for this AD. Use 

the procedures found in 14 CFR 39.19 to 

make your request. You may email your 

request to: ANE-AD-AMOC@faa.gov. 

(j) Related Information 

(1) For more information about this AD, 

contact Jo-Ann Theriault, Aerospace 

Engineer, Engine Certification Office, FAA, 

Engine & Propeller Directorate, 12 New 

England Executive Park, Burlington, MA 

01803; phone: 781–238–7105; fax: 781–238– 

7199; email: jo-ann.theriault@faa.gov. 

(2) PW Service Bulletin (SB) No. PW4G– 

112–72–332, Revision 3, dated June 25, 2014, 

which is not incorporated by reference in this 

AD, can be obtained from PW, using the 

contact information in paragraph (k)(3) of 

this AD. This SB provides guidance on how 

to replace the second-stage HPT air seal with 

an air seal that is more resistant to low cycle 

fatigue cracks. 

(k) Material Incorporated by Reference 

(1) The Director of the Federal Register 

approved the incorporation by reference 

(IBR) of the service information listed in this 

paragraph under 5 U.S.C. 552(a) and 1 CFR 

part 51. 

(2) You must use this service information 

as applicable to do the actions required by 

this AD, unless the AD specifies otherwise. 

(3) The following service information was 

approved for IBR on September 17, 2013 (78 

FR 49111, August 13, 2013). 

(i) Pratt & Whitney (PW) Alert Service 

Bulletin No. PW4G–112–A72–330, Revision 

2, dated July 11, 2013. 

(ii) Reserved. 

(4) For PW service information identified 

in this AD, contact Pratt & Whitney Division, 

400 Main St., East Hartford, CT 06108; 

phone: 860–565–8770; fax: 860–565–4503. 

(5) You may view this service information 

at FAA, Engine & Propeller Directorate, 12 

New England Executive Park, Burlington, 

MA. For information on the availability of 

this material at the FAA, call 781–238–7125. 

(6) You may view this service information 

at the National Archives and Records 

Administration (NARA). For information on 

the availability of this material at NARA, call 

202–741–6030, or go to: http://

www.archives.gov/federal-register/cfr/ibrlocations.html. 

Issued in Burlington, Massachusetts, on 

October 30, 2014. 

Colleen M. D’Alessandro, 

Assistant Directorate Manager, Engine & 

Propeller Directorate, Aircraft Certification 

Service. 

[FR Doc. 2014–27354 Filed 11–20–14; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 71 

[Docket No. FAA–2014–0309; Airspace 

Docket No. 14–AWP–3] 

Amendment of Class E Airspace; 

Lakeport, CA 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Final rule. 

SUMMARY: This action amends Class E 

airspace at Lakeport, CA. Controlled 

airspace is necessary to accommodate 

Area Navigation (RNAV) Global 

Positioning System (GPS) standard 

instrument approach procedures at 

Lampson Field. The FAA is taking this 

action to enhance the safety and 

management of instrument flight rules 

(IFR) operations at the airport. 

DATES: Effective date, 0901 UTC, 

January 8, 2015. The Director of the 

Federal Register approves this 

incorporation by reference action under 

1 CFR part 51, subject to the annual 

revision of FAA Order 7400.9 and 

publication of conforming amendments. 

ADDRESSES: FAA Order 7400.9Y, 

Airspace Designations and Reporting 

Points, and subsequent amendments can 

be viewed online at http://www.faa.gov/ 

air_traffic/publications/. The Order is 

also available for inspection at the 

National Archives and Records 

Administration (NARA). For 

information on the availability of this 

material at NARA, call (202) 741–6030, 

or go to http://www.archives.gov/ 

federal_register/code_of_federalregulations/ibr_locations.html. 

FAA Order 7400.9, Airspace 

Designations and Reporting Points, is 

published yearly and effective on 

September 15. For further information, 

you can contact the Airspace Policy and 

Regulations Group, Federal Aviation 

Administration, 800 Independence 

Avenue SW., Washington, DC, 20591; 

telephone: (202) 267–8783. 

FOR FURTHER INFORMATION CONTACT: 

Richard Roberts, Federal Aviation 

Administration, Operations Support 

Group, Western Service Center, 1601 

Lind Avenue SW., Renton, WA, 98057; 

telephone (425) 203–4517. 

SUPPLEMENTARY INFORMATION: 

History 

On July 23, 2014 the FAA published 

in the Federal Register a notice of 

proposed rulemaking (NPRM) to amend 

controlled airspace at Lakeport, CA (79 

FR 42723). Interested parties were 

invited to participate in this rulemaking 

effort by submitting written comments 

on the proposal to the FAA. One 

comment from Martin Breunig was 

received in favor of the proposal. 

Class E airspace designations are 

published in paragraph 6005 of FAA 

Order 7400.9Y, dated August 6, 2014, 

and effective September 15, 2014, which 

is incorporated by reference in 14 CFR 

Part 71.1. The E airspace designations 

listed in this document will be 

published subsequently in this Order. 

The Rule 

This action amends Title 14 Code of 

Federal Regulations (14 CFR) Part 71 by 

creating Class E airspace extending 

upward from 700 feet above the surface 

within a 4-mile radius of Lampson 

Field, Lakeport, CA. Controlled airspace 

is needed for RNAV (GPS) standard 

instrument approaches and departures. 

This action enhances the safety and 

management of IFR operations at the 

airport. 

The FAA has determined this 

regulation only involves an established 

body of technical regulations for which 

frequent and routine amendments are 

necessary to keep them operationally 

current. Therefore, this regulation: (1) Is 

not a ‘‘significant regulatory action’’ 

under Executive 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 only affects air traffic 

procedures and air navigation, it is 

certified this rule, when promulgated, 

does 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 

U.S. Code. Subtitle 1, Section 106 

discusses 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 I, Section 40103. Under that 

section, the FAA is charged with 

prescribing regulations to assign the use 

of airspace necessary to ensure the 

safety of aircraft and the efficient use of 

airspace. This regulation is within the 

scope of that authority as it modifies 

controlled airspace at Lampson Field, 

Lakeport, CA. 

Environmental Review 

The FAA has determined that this 

action qualifies for categorical exclusion 


rljohnson on DSK3VPTVN1PROD with RULES
Federal Register / Vol. 79, No. 225 / Friday, November 21, 2014 / Rules and Regulations 69373 

1As defined in Rule 1–02(aa) of Regulation S–X. 

under the National Environmental 

Policy Act in accordance with FAA 

Order 1050.1E, ‘‘Environmental 

Impacts: Policies and Procedures,’’ 

paragraph 311a. This airspace action is 

not expected to cause any potentially 

significant environmental impacts, and 

no extraordinary circumstances exist 

that warrant preparation of an 

environmental assessment. 

List of Subjects in 14 CFR Part 71 

Airspace, Incorporation by reference, 

Navigation (air). 

Adoption of the Amendment 

In consideration of the foregoing, the 

Federal Aviation Administration 

amends 14 CFR Part 71 as follows: 

PART 71—DESIGNATION OF CLASS A, 

B, C, D AND E AIRSPACE AREAS; AIR 

TRAFFIC SERVICE 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 Part 71.1 of the Federal Aviation 

Administration Order 7400.9Y, Airspace 

Designations and Reporting Points, 

dated August 6, 2014, and effective 

September 15, 2014 is amended as 

follows: 

Paragraph 6005 Class E airspace areas 

extending upward from 700 feet or more 

above the surface of the earth. 

* * * * * 

AWP CA E5 Lakeport, CA [Amended] 

Lampson Field, CA 

(Lat. 38°59′26′′ N., long. 122°54′03′′ W.) 

Sutter Lakeside Hospital Heliport, CA Point 

in Space Coordinates 

(Lat. 39°06′09′′ N., long. 122°53′19′′ W.) 

That airspace extending upward from 700 

feet above the surface within a 4-mile radius 

of Lampson Field, and within a 5-mile radius 

of the Point in Space serving the Sutter 

Lakeside Hospital Heliport. 

Issued in Seattle, Washington, on 

November 6, 2014. 

Christopher Ramirez, 

Acting Manager, Operations Support Group, 

Western Service Center. 

[FR Doc. 2014–26860 Filed 11–20–14; 8:45 am] 

BILLING CODE 4910–13–P 

SECURITIES AND EXCHANGE 

COMMISSION 

17 CFR Part 211 

[Release No. SAB 115] 

Staff Accounting Bulletin No. 115 

AGENCY: Securities and Exchange 

Commission. 

ACTION: Publication of Staff Accounting 

Bulletin. 

SUMMARY: This staff accounting bulletin 

rescinds portions of the interpretive 

guidance included in the Staff 

Accounting Bulletin Series in order to 

make the relevant interpretive guidance 

consistent with authoritative accounting 

guidance and Securities and Exchange 

Commission rules and regulations. 

Specifically, the staff is updating the 

Series in order to bring existing 

guidance into conformity with a recent 

consensus of the Financial Accounting 

Standards Board Emerging Issues Task 

Force, Accounting Standards Update 

No. 2014–17—Business Combinations 

(Topic 805): Pushdown Accounting (a 

consensus of the FASB Emerging Issues 

Task Force). 

DATES: Effective Date: November 21, 

2014. 

FOR FURTHER INFORMATION CONTACT: 

Christopher D. Semesky, Professional 

Accounting Fellow, Office of the Chief 

Accountant, at (202) 551–7678, or Todd 

E. Hardiman, Associate Chief 

Accountant, Division of Corporation 

Finance, at (202) 551–3516, Securities 

and Exchange Commission, 100 F Street 

NE., Washington, DC 20549. 

SUPPLEMENTARY INFORMATION: The 

statements in staff accounting bulletins 

are not rules or interpretations of the 

Commission, nor are they published as 

bearing the Commission’s official 

approval. They represent interpretations 

and practices followed by the Division 

of Corporation Finance and the Office of 

the Chief Accountant in administering 

the disclosure requirements of the 

Federal securities laws. 

Dated: November 18, 2014. 

Brent J. Fields, 

Secretary. 

PART 211—[AMENDED] 

Accordingly, Part 211 of Title 17 of 

the Code of Federal Regulations is 

amended by adding Staff Accounting 

Bulletin No. 115 to the table found in 

Subpart B. 

Staff Accounting Bulletin No. 115 

This staff accounting bulletin rescinds 

portions of the interpretive guidance 

included in the Staff Accounting 

Bulletin Series in order to make the 

relevant interpretive guidance 

consistent with current authoritative 

accounting and auditing guidance and 

Securities and Exchange Commission 

(‘‘Commission’’) rules and regulations. 

Specifically, the staff is updating the 

Series in order to bring existing 

guidance into conformity with a recent 

consensus of the Financial Accounting 

Standards Board Emerging Issues Task 

Force, Accounting Standards Update 

No. 2014–17—Business Combinations 

(Topic 805): Pushdown Accounting (a 

consensus of the FASB Emerging Issues 

Task Force) (ASU No. 2014–17). 

The following describes the changes 

made to the Staff Accounting Bulletin 

Series that are presented at the end of 

this release: 

1. Topic 5: Miscellaneous Accounting 

a. Topic 5.J is removed. This topic 

provided guidance on the application of 

the ‘‘push down’’ basis of accounting in 

the separate financial statements of 

entities acquired in purchase 

transactions. Under this guidance, when 

a purchase transaction results in an 

entity becoming substantially wholly 

owned,1 a new basis of accounting 

should be established in the acquired 

entity’s financial statements to reflect 

the acquirer’s basis in the purchased 

assets and liabilities. Further, this 

guidance indicates circumstances when 

an acquired entity’s financial statements 

should reflect the acquirer’s debt, 

related interest expense, and allocable 

debt issuance costs, when the acquirer 

borrows funds to acquire substantially 

all of the common stock of the acquired 

entity. ASU No. 2014–17 establishes 

new guidance on the recognition of a 

new accounting basis. That guidance 

provides an option to apply ‘‘push 

down’’ accounting in the separate 

financial statements of an acquired 

entity upon the occurrence of an event 

in which an acquirer obtains control of 

the acquired entity. In addition, any 

acquisition-related debt incurred by the 

acquirer would be recognized in the 

acquired entity’s separate financial 

statements only if the acquired entity is 

required to recognize a liability for the 

debt in accordance with other 

applicable U.S. generally accepted 

accounting principles. 

Accordingly, the staff hereby amends 

the Staff Accounting Bulletin Series as 

follows: 


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