41610 Federal Register / Vol. 65, No. 130 / Thursday, July 6, 2000 / Proposed Rules

the upcoming fiscal period indicates

that the grower price for the 2000–2001

fiscal period could range between $4.10

and $19.65 per 4/5-bushel carton of

oranges, grapefruit, tangerines, and

tangelos. Therefore, the estimated

assessment revenue for the 2000–2001

fiscal period as a percentage of total

grower revenue could range between .03

and .13 percent.

This action would increase the

assessment obligation imposed on

handlers. While assessments impose

some additional costs on handlers, the

costs are minimal and uniform on all

handlers. Some of the additional costs

may be passed on to producers.

However, these costs would be offset by

the benefits derived by the operation of

the marketing order. In addition, the

Committee’s meeting was widely

publicized throughout the citrus

production area and all interested

persons were invited to attend the

meeting and participate in Committee

deliberations on all issues. Like all

Committee meetings, the May 26, 2000,

meeting was a public meeting and all

entities, both large and small, were able

to express views on this issue. Finally,

interested persons are invited to submit

information on the regulatory and

informational impacts of this action on

small businesses.

This proposed rule would impose no

additional reporting or recordkeeping

requirements on either small or large

Florida citrus handlers. As with all

Federal marketing order programs,

reports and forms are periodically

reviewed to reduce information

requirements and duplication by

industry and public sector agencies.

The Department has not identified

any relevant Federal rules that

duplicate, overlap, or conflict with this

rule.

A small business guide on complying

with fruit, vegetable, and specialty crop

marketing agreements and orders may

be viewed at: http://www.ams.usda.gov/

fv/moab.html. Any questions about the

compliance guide should be sent to Jay

Guerber at the previously mentioned

address in the FOR FURTHER INFORMATION

CONTACT section.

A 30-day comment period is provided

to allow interested persons to respond

to this proposed rule. Thirty days is

deemed appropriate because: (1) The

2000–2001 fiscal period begins on

August 1, 2000, and the marketing order

requires that the rate of assessment for

each fiscal period apply to all assessable

citrus handled during such fiscal

period; (2) the Committee needs to have

sufficient funds to pay its expenses

which are incurred on a continuous

basis; and (3) handlers are aware of this

action which was unanimously

recommended by the Committee at a

public meeting and is similar to other

assessment rate actions issued in past

years.

List of Subjects in 7 CFR Part 905

Grapefruit, Marketing agreements,

Oranges, Reporting and recordkeeping

requirements, Tangelos, Tangerines.

For the reasons set forth in the

preamble, 7 CFR part 905 is proposed to

be amended as follows:

PART 905—ORANGES, GRAPEFRUIT,

TANGERINES, AND TANGELOS

GROWN IN FLORIDA

1. The authority citation for 7 CFR

part 905 continues to read as follows:

Authority: 7 U.S.C. 601–674.

2. Section 905.235 is revised to read

as follows:

§ 905.235 Assessment rate.

On and after August 1, 2000, an

assessment rate of $0.0055 per 4/5-

bushel carton or equivalent is

established for assessable Florida citrus

covered under the order.

Dated: June 27, 2000.

Robert C. Keeney,

Deputy Administrator, Fruit and Vegetable

Programs.

[FR Doc. 00–16991 Filed 7–5–00; 8:45 am]

BILLING CODE 3410–02–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–107872–99]

RIN 1545–AX18

Coordination of Sections 755 and 1060

Relating to Allocation of Basis

Adjustments Among Partnership

Assets; Hearing Cancellation

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Cancellation of notice of public

hearing on proposed rulemaking.

SUMMARY: This document provides

notice of cancellation of a public

hearing on proposed regulations relating

to the allocation of basis adjustments

among partnership assets under section

755.

DATES: The public hearing originally

scheduled for Wednesday, July 12,

2000, at 10 a.m., is cancelled.

FOR FURTHER INFORMATION CONTACT:

LaNita Van Dyke of the Regulations

Unit, Assistant Chief Counsel

(Corporate), (202) 622–7190 (not a tollfree number).

SUPPLEMENTARY INFORMATION: A notice

of proposed rulemaking and/or notice of

public hearing that appeared in the

Federal Register on Wednesday, April

5, 2000, (65 FR 17829), announced that

a public hearing was scheduled for

Wednesday, July 12, 2000, at 10 a.m., in

room 2716, Internal Revenue Building,

1111 Constitution Avenue, NW.,

Washington, DC. The subject of the

public hearing is proposed regulations

under section 755 of the Internal

Revenue Code. The public comment

period for these proposed regulations

expires on Wednesday, July 5, 2000.

The outlines of topics to be addressed

at the hearing were due on Wednesday,

June 21, 2000.

The notice of proposed rulemaking

and/or notice of public hearing,

instructed those interested in testifying

at the public hearing to submit a request

to speak and an outline of the topics to

be addressed. As of Tuesday, June 27,

2000, no one has requested to speak.

Therefore, the public hearing scheduled

for Wednesday, July 12, 2000, is

cancelled.

Cynthia Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 00–16972 Filed 7–5–00; 8:45 am]

BILLING CODE 4830–01–U

PENSION BENEFIT GUARANTY

CORPORATION

29 CFR Parts 4022 and 4044

RIN 1212–AA96

Title IV Aspects of Cash Balance Plans

With Variable Indices

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Request for public comment.

SUMMARY: Many cash balance plans use

variable indices to determine future

retirement benefits. If such a plan

terminates in a distress or involuntary

termination under Title IV of ERISA, the

PBGC must make assumptions—as of

the plan’s termination date—about the

future performance of the variable

index. The PBGC is soliciting public

comment on what assumptions it

should make about that future

performance.

DATES: Comments must be received on

or before September 22, 2000.

ADDRESSES: Comments may be mailed to

the Office of the General Counsel,

Pension Benefit Guaranty Corporation,