Federal Register / Vol. 65, No. 87 / Thursday, May 4, 2000 / Notices 25949

Signed at Washington, D.C. this 27th day

of April, 2000.

Grant D. Beale,

Program Manager, Office of Trade

Adjustment Assistance.

[FR Doc. 00–11117 Filed 5–3–00; 8:45 am]

BILLING CODE 4510–30–M

DEPARTMENT OF LABOR

Employment and Training

Administration

[NAFTA–03669]

Mineral Ridge Resources, Inc. Silver

Peak, NV, Dismissal of Application for

Reconsideration

Pursuant to 29 CFR 90.18(C) an

application for administrative

reconsideration was filed with the

Director of the Division of Trade

Adjustment Assistance for workers at

Mineral Ridge Resources, Inc., Silver

Peak, Nevada. The application

contained no new substantial

information which would bear

importantly on the Department’s

determination. Therefore, dismissal of

the application was issued.

NAFTA—03669; Mineral Ridge Resources,

Inc. Silver Peak, Nevada (April 26, 2000)

Signed at Washington, D.C. this 27th day

of April, 2000.

Grant D. Beale,

Program Manager, Division of Trade

Adjustment Assistance.

[FR Doc. 00–11113 Filed 5–3–00; 8:45 am]

BILLING CODE 4510–30–M

DEPARTMENT OF LABOR

Pension and Welfare Benefits

Administration

[Prohibited Transaction Exemption 2000–

17; Exemption Application No. D–10730, et

al.]

Grant of Individual Exemptions; Earl R.

Waddell & Sons, Inc. Profit Sharing

Plan and Trust (the Plan)

AGENCY: Pension and Welfare Benefits

Administration, Labor.

ACTION: Grant of individual exemptions.

SUMMARY: This document contains

exemptions issued by the Department of

Labor (the Department) from certain of

the prohibited transaction restrictions of

the Employee Retirement Income

Security Act of 1974 (the Act) and/or

the Internal Revenue Code of 1986 (the

Code).

Notices were published in the Federal

Register of the pendency before the

Department of proposals to grant such

exemptions. The notices set forth a

summary of facts and representations

contained in each application for

exemption and referred interested

persons to the respective applications

for a complete statement of the facts and

representations. The applications have

been available for public inspection at

the Department in Washington, D.C. The

notices also invited interested persons

to submit comments on the requested

exemptions to the Department. In

addition the notices stated that any

interested person might submit a

written request that a public hearing be

held (where appropriate). The

applicants have represented that they

have complied with the requirements of

the notification to interested persons.

No public comments and no requests for

a hearing, unless otherwise stated, were

received by the Department.

The notices of proposed exemption

were issued and the exemptions are

being granted solely by the Department

because, effective December 31, 1978,

section 102 of Reorganization Plan No.

4 of 1978, 5 U.S.C. App. 1 (1996),

transferred the authority of the Secretary

of the Treasury to issue exemptions of

the type proposed to the Secretary of

Labor.

Statutory Findings

In accordance with section 408(a) of

the Act and/or section 4975(c)(2) of the

Code and the procedures set forth in 29

CFR Part 2570, Subpart B (55 FR 32836,

32847, August 10, 1990) and based upon

the entire record, the Department makes

the following findings:

(a) The exemptions are

administratively feasible;

(b) They are in the interests of the

plans and their participants and

beneficiaries; and

(c) They are protective of the rights of

the participants and beneficiaries of the

plans.

Earl R. Waddell & Sons, Inc., Profit

Sharing Plan and Trust (the Plan),

Located in Fort Worth, TX

[Prohibited Transaction Exemption 2000–17;

Exemption Application No. D–10730]

Exemption

The restrictions of sections 406(a),

406(b)(1) and (2) of the Act and the

sanctions resulting from the application

of section 4975 of the Code, by reason

of section 4975(c)(1)(A) through (E) of

the Code, shall not apply to the

arrangement between the Plan and Earl

R. Waddell & Sons, Inc. (The Waddell

Company) involving the sale (the Sale)

by the Plan of 5,183.840 shares of the

Waddell Holdings Stock to the Waddell

Company, provided the following

conditions are satisfied:

(A) The Sale price is the greater of

$280.29 per share or the Waddell

Holdings Stock’s current fair market

value as of the date of the Sale;

(B) The current fair market value of

the Waddell Holdings Stock is

determined by a qualified, independent

appraiser;

(C) The Plan incurs no commissions

or expenses associated with the Sale;

(D) The Waddell Company pays in

cash to the Plan an additional $191,126,

an amount equal to an eight percent

(8%) per annum rate of return on the

Waddell Holdings Stock, as converted,

for each year the Plan owned the

Waddell Holdings Stock (the Interest

Payment); and

(E) The Plan’s Trustees will not

receive any portion of the Interest

Payment.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to notice of proposed

exemption published on February 29,

2000 at 65 FR 10828.

FOR FURTHER INFORMATION CONTACT: Mr.

J. Martin Jara of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

Rhode Island Carpenters Local No. 94

Pension Fund (the Pension Plan), Rhode

Island Carpenters Local No. 94

Apprenticeship Fund (the

Apprenticeship Plan; collectively, the

Plans), and Rhode Island Carpenters

Local No. 94 (the Union), Located in

Warwick, Rhode Island

[Prohibited Transaction Exemption 2000–18;

Exemption Application No. D–10739 and L–

10740]

Exemption

The restrictions of sections 406(a),

406(b)(1) and (2) of the Act and the

sanctions resulting from the application

of section 4975 of the Code, by reason

of section 4975(c)(1)(A) through (E) of

the Code, shall not apply to: (1) The

cash sale (the Parking Lot Sale) of

improved real property (the Parking Lot)

by Rhode Island Carpenters

Apprenticeship Fund (the

Apprenticeship Plan) to the Carpenters

Local No. 94 (the Union) for the greater

of (a) $173,000 or (b) the fair market

value of the Parking Lot as of the date

of the Parking Lot Sale; and (2) the cash

sale (the Building Sale) of improved real

property (the Building) by the Rhode

Island Carpenters Local No. 94 Pension

Fund (the Pension Plan) to the Union,

for the greater of (a) $777,000 or (b) the

fair market value of the Building as of