Federal Register / Vol. 65, No. 114 / Tuesday, June 13, 2000 / Notices 37197

2The Commission has modified the text of the

summaries prepared by OCC.

3 15 U.S.C. 78s(b)(3)(A)(iv).

4 17 CFR 240.19b–4(f)(4).

5 15 U.S.C. 78s(b)(3)(C). 6 17 CFR 200.30–3(a)(12).

I. Self-Regulatory Organization’s

Statement of the Terms of Substance of

the Proposed Rule Change

The proposed rule change eliminates

a requirement in OCC’s By-Laws that

requires clearing members to designate

a specific individual (a ‘‘designee’’) as

eligible for service as a member director

or a member of the nominating

committee. Instead, the amended ByLaws will provide that a member

director or a member of the nominating

committee must be a ‘‘representative’’ of

a clearing member.

II. Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

In its filing with the Commission,

OCC included statements concerning

the purpose of and basis for the

proposed rule change and discussed any

comments it received on the proposed

rule change. The text of these statements

may be examined at the places specified

in Item IV below. OCC has prepared

summaries, set forth in sections (A), (B),

and (C) below, of the most significant

aspects of such statements.2

(A) Self-Regulatory Organization’s

Statement of the Purpose of, and

Statutory Basis for, the Proposed Rule

Change

The purpose of the proposed rule

change is to eliminate an OCC By-Law

requirement that clearing members must

designate a specific individual (a

‘‘designee’’) to be eligible for service as

a member director or a member of the

nominating committee. Instead, OCC

believes that it would be more

administratively efficient to require that

a member director or a member of the

nominating committee must be a

‘‘representative’’ of a clearing member.

A ‘‘representative’’ is defined as a

director, senior officer, principal or

general partner of a clearing member.

The term ‘‘designee’’ is being deleted

from Article I, Section 1 of OCC’s bylaws and conforming changes are being

made to Section 2, 4, and 5 of Article

II of OCC’s By-Laws.

In addition, the term ‘‘elected

members’’ as used with respect to the

nominating committee is being deleted

since all nominating committee

members are elected. The term

‘‘members’’ is being used instead. This

change is being made to Section 4, 5,

and 12 of Article III and Section 3 of

Article VII and to Sections 1, 2, and 3

of the Stockholders Agreement.

OCC also proposed to make other

additional technical and nonsubstantive changes. Section 4 of Article

III is being amended to provide that the

terms of Class I of the nominating

committee expire in odd numbered

years and that the terms of Class II

expire in even number years. Section 5

of Article III is also being amended to

provide that OCC may transmit rather

than mail the list of nominees to

clearing members to accommodate other

means of distribution.

OCC believes that the proposed rule

change is consistent with Section 17a of

the Act because the rule change

eliminates administrative inefficiencies

with no adverse impact to clearing

member representation on OCC’s Board

of Directors.

(B) Self-Regulatory Organization’s

Statement on Burden on Competition

OCC does not believe that the

proposed rule change will impact or

impose a burden on competition.

(C) Self-Regulatory Organization’s

Statement on Comments on the

Proposed Rule Change Received From

Members, Participants or Others

Written comments were not and are

not intended to be solicited with respect

to the proposed rule change and none

have been received.

III. Date of Effectiveness of the

Proposed Rule Change and Timing for

Commission Action

The foregoing rule change has become

effective pursuant to Section

19(b)(3)(A)(iv) 3 of the Act and pursuant

to Rule 19b–4(f)(4) 4 promulgated

thereunder because the proposal effects

a change in an existing service of an

OCC service that does not adversely

affect the safeguarding of securities or

funds in OCC’s custody or control and

does not significantly affect the

respective rights or obligations of OCC

or persons using the service. At any

time within sixty days of the filing of

such proposed rule change, the

Commission may summarily abrogate

such rule change if it appears to the

Commission that such action is

necessary or appropriate in the public

interest, for the protection of investors,

or otherwise in furtherance of the

purposes of the Act.5

IV. Solicitation of Comments

Interested persons are invited to

submit written data, views, and

arguments concerning the foregoing,

including whether the proposed rule

change is consistent with the Act.

Persons making written submissions

should file six copies thereof with the

Secretary, Securities and Exchange

Commission, 450 Fifth Street, NW,

Washington, DC 20549–0609. Copies of

the submission, all subsequent

amendments, all written statements

with respect to the proposed rule

change that are filed with the

Commission, and all written

communications relating to the

proposed rule change between the

Commission and any person, other than

those that may be withheld from the

public in accordance with the

provisions of 5 U.S.C. 552, will be

available for inspection and copying in

the Commission’s Public Reference

Section, 450 Fifth Street, NW,

Washington, DC 20549. Copies of such

filing also will be available for

inspection and copying at the principal

office of OCC. All submissions should

refer to File No. SR–OCC–00–03 and

should be submitted by July 5, 2000.

For the Commission by the Division of

Market Regulation, pursuant to delegated

authority.6

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–14819 Filed 6–12–00; 8:45 am]

BILLING CODE 8010–01–M

DEPARTMENT OF TRANSPORTATION

Office of the Secretary

Aviation Proceedings, Agreements

Filed During the Week Ending May 26,

2000

The following Agreements were filed

with the Department of Transportation

under the provisions of 49 U.S.C.

sections 412 and 414. Answers may be

filed within 21 days after the filing of

the application.

Docket Number: OST–2000–7405

Date Filed: May 23, 2000

Parties: Members of the International

Air Transport Association

Subject:

CTC COMP 0280 dated 23 May 2000

Expedited Composite Resolution 506

Special Surcharge Resolution from

Japan

(Except USA/US Territories)

Intended effective date: 1 July 2000

Docket Number: OST–2000–7406

Date Filed: May 23, 2000

Parties: Members of the International

Air Transport Association

Subject:

CTC COMP 0281 dated 23 May 2000

37198 Federal Register / Vol. 65, No. 114 / Tuesday, June 13, 2000 / Notices

Expedited Composite Resolution 506

Special Surcharge Resolution from

Japan

(USA/US Territories)

Intended effective date: 1 July 2000

Dorothy Y. Beard,

Federal Register Liaison.

[FR Doc. 00–14880 Filed 6–12–00; 8:45 am]

BILLING CODE 4910–62–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

Notice of Intent To Rule on Application

00–06–C–00–CRW To Impose and Use

the Revenue From a Passenger Facility

Charge (PFC) at Yeager Airport,

Charleston, WV

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Notice of intent to rule on

application

SUMMARY: The FAA proposes to rule and

invites public comment on the

application to impose and use the

revenue from a PFC at Yeager Airport

under the provisions of the Aviation

Safety and Capacity Expansion Act of

1990 (Title IX of the Omnibus Budget

Reconciliation Act of 1990) (Pub. L.

101–508) and Part 158 of the Federal

Aviation Regulations (14 CFR part 158).

DATES: Comments must be received on

or before July 13, 2000.

ADDRESSES: Comments on this

application may be mailed or delivered

in triplicate to the FAA at the following

address: FAA Eastern Region, AEA–610,

1 Aviation Plaza, Jamaica, NY 11434–

4809.

In addition, one copy of any

comments submitted to the FAA must

be mailed or delivered to Mr. Tim

Murnahan, Assistant Director of The

Central West Virginia Regional Airport

Authority at the following address: 100

Airport Road, Suite 175, Charleston, WV

25311–1080.

Air carriers and foreign air carriers

may submit copies of written comments

previously provided to the Central West

Virginia Regional Airport Authority

under section 158.23 of Part 158.

FOR FURTHER INFORMATION CONTACT:

Kenneth Kroll, AIP/PFC Team Leader,

FAA Eastern Region, (AEA–610), 1

Aviation Plaza, Jamaica, NY 11434–

4809, (718) 553–3357. The application

may be reviewed in person at this same

location.

SUPPLEMENTARY INFORMATION: The FAA

proposes to rule and invites public

comment on the application to impose

and use the revenue from a PFC at

Yeager Airport under the provisions of

the Aviation Safety and Capacity

Expansion Act of 1990 (Title IX of the

Omnibus Budget Reconciliation Act of

1990) (Pub. L. 101–508) and Part 158 of

the Federal Aviation Regulations (14

CFR Part 158).

On June 2, 2000, the FAA determined

that the application to impose and use

the revenue from a PFC submitted by

Central West Virginia Regional Airport

Authority was substantially complete

within the requirements of section

158.25 of Part 158. The FAA will

approve or disapprove the application,

in whole or in part, no later than August

30, 2000.

The following is a brief overview of

the application.

PFC Application No.: 00–0C–CRW.

Level of the proposed PFC: $3.00.

Proposed charge effective date:

January 1, 2001.

Proposed charge expiration date:

August 1, 2002.

Total estimated PFC revenue:

$1,107,054.

Brief description of proposed

projects(s):

—Acquire two snow plows

—Benefit cost Analysis

—Main Terminal Apron Expansion

—Acquire Snow Broom

—Environmental Assessment—Runway

Safety Areas

—Emergency Generator connections

—Expand Main Terminal Building

—Two Loading bridges

—Passenger Access Tunnel

Class or classes of air carriers which

the public agency has requested not be

required to collect PFCs:

Under FAR Part 135—Charter Operators

for hire to the general public

Under FAR Part 121—Charter Operators

for hire to the general public

Any person may inspect the

application in person at the FAA office

listed above under FOR FURTHER

INFORMATION CONTACT and at the FAA

regional airports office located at:

Airports Division, AEA–610, 1 Aviation

Plaza, Jamaica, New York, 11434–04809.

In addition, any person may, upon

request, inspect the application, notice

and other documents germane to the

application in person at the Central

West Virginia Regional Airport

Authority.

Issued in New York City, NY on June 2,

2000.

Thomas Felix,

Manager, Planning and Programming, Eastern

Region.

[FR Doc. 00–14864 Filed 6–12–00; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

[Policy Statement Number ACE–00–23.613–

01]

Proposed Issuance of Policy

Memorandum, Material Qualification

and Equivalency for Polymer Matrix

Composite Material Systems

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of policy statement;

request for comments.

SUMMARY: This document announces an

FAA proposed general statement of

policy applicable to the type

certification of normal, utility, acrobatic,

and commuter category airplanes. This

document advises the public, in

particular manufacturers of normal,

utility, acrobatic, and commuter

category airplanes, of additional

information related to material

qualification and equivalency for

polymer matrix composite material

systems. This notice is necessary to

advise the public of FAA policy and

give all interested persons an

opportunity to present their views on

the policy statement.

DATES: Comments submitted must be

received no later than July 13, 2000.

ADDRESSES: Send all comments on this

policy statement to the individual

identified under FOR FURTHER

INFORMATION CONTACT at Federal

Aviation Administration, Small

Airplane Directorate, ACE–111, Room

301, 901 Locust, Kansas City, Missouri

64106.

FOR FURTHER INFORMATION CONTACT:

Lester Cheng, Federal Aviation

Administration, Small Airplane

Directorate, ACE–111, Room 301, 901

Locust, Kansas City, Missouri 64106;

telephone (816) 329–4120; fax 816–329–

4090; e-mail: lester.cheng@faa.gov.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested persons are invited to

comment on this proposed policy

statement, ACE–00–23.613–01, by

submitting such written data, views, or

arguments as they desire. Comment

should be marked, ‘‘Comments to policy

statement ACE–00–23.613–01,’’ and be

submitted in duplicate to the above

address. The Manager, Small Airplane

Directorate, will consider all

communications received on or before

the closing date for comments.

Background

This notice announces the availability

of the following proposed policy