2192 Federal Register / Vol. 72, No. 11 / Thursday, January 18, 2007 / Rules and Regulations 

1The Uniform Offering Circular was published as 

a final rule on January 5, 1993 (58 FR 412). The 

circular, as amended, is codified at 31 CFR part 356. 

A final rule converting the UOC to plain language 

and making certain other minor changes was 

published in the Federal Register on July 28, 2004 

(69 FR 45202). 

2On September 30, 2005, Treasury issued a final 

amendment to the UOC to make the changes 

necessary to accommodate participation in Treasury 

marketable auctions for securities to be held in 

either the TreasuryDirect or the Legacy Treasury 

Direct system (70 FR 57347). 

3Legacy Treasury Direct was called 

TreasuryDirect from 1986 to 2005. The regulations 

for Legacy Treasury Direct are found at 31 CFR part 

357. The regulations for TreasuryDirect are found 

at 31 CFR part 363. 

subsection, the Judge shall issue a 

decision that constitutes the Judge’s 

final disposition of the proceedings. The 

decision shall be in writing and shall 

include all findings of fact and 

conclusions of law, and the reasons or 

bases for them, on all the material issues 

of fact, law or discretion presented by 

the record, and an order. The parties 

shall be notified of the Judge’s decision 

by the most expeditious means 

reasonably available. Service of the 

decision shall be by certified or 

registered mail, return receipt requested. 

(2) Stay of plan provision. 

Notwithstanding § 2700.69(b), a Judge 

shall retain jurisdiction over a request 

for a stay in an emergency response plan 

dispute proceeding. Within two 

business days following service of the 

decision, the operator may file with the 

judge a request to stay the inclusion of 

the disputed provision in the plan 

during the pendency of an appeal to the 

Commission pursuant to paragraph (g) 

of this section. The Secretary shall 

respond to the operator’s motion within 

two business days following service of 

the motion. The judge shall issue an 

order granting or denying the relief 

sought within two business days after 

the filing of the Secretary’s response. 

(g) Review of decision. Any party may 

seek review of a Judge’s decision, 

including the Judge’s order granting or 

denying a stay, by filing with the 

Commission a petition for discretionary 

review pursuant to § 2700.70. Neither an 

operator’s request for a stay nor the 

issuance of an order addressing the stay 

request affects the time limits for filing 

a petition for discretionary review of a 

Judge’s decision with the Commission 

under this subparagraph. The 

Commission shall act upon a petition on 

an expedited basis. If review is granted, 

the Commission shall issue a briefing 

order. Except as otherwise ordered or 

provided for herein, the provisions of 

§ 2700.75 apply. The Commission will 

not grant motions for extension of time 

for filing briefs, except under 

extraordinary circumstances. 

■ 6. Section 2700.69 is amended by 

revising paragraph (b) to read as follows: 

§ 2700.69 Decision of the Judge. 

* * * * * 

(b) Termination of the Judge’s 

jurisdiction. Except to the extent 

otherwise provided herein, the 

jurisdiction of the Judge terminates 

when his decision has been issued. 

* * * * * 

Dated: January 11, 2007. 

Michael F. Duffy, 

Chairman, Federal Mine Safety and Health 

Review Commission. 

[FR Doc. E7–557 Filed 1–17–07; 8:45 am] 

BILLING CODE 6735–01–P 

DEPARTMENT OF THE TREASURY 

Fiscal Service 

31 CFR Part 356 

[Docket No. BPD GSRS 06–03] 

Sale and Issue of Marketable BookEntry Treasury Bills, Notes and 

Bonds—Securities Eligible for 

Purchase in Legacy Treasury Direct 

AGENCY: Bureau of the Public Debt, 

Fiscal Service, Treasury. 

ACTION: Final rule. 

SUMMARY: This final rule provides that 

the Department of the Treasury may 

announce that certain marketable 

Treasury securities to be offered will not 

be eligible for purchase or holding in 

the Legacy Treasury Direct system. 

Treasury is issuing this amendment to 

the auction rules because the Legacy 

Treasury Direct system will eventually 

be phased out. 

DATES: Effective January 18, 2007. 

ADDRESSES: You may download this 

final rule from the Bureau of the Public 

Debt’s Web site at http:// 

www.treasurydirect.gov or from the 

Electronic Code of Federal Regulations 

(e-CFR) Web site at http:// 

www.gpoaccess.gov/ecfr. It is also 

available for public inspection and 

copying at the Treasury Department 

Library, Room 1428, Main Treasury 

Building, 1500 Pennsylvania Avenue, 

NW., Washington, DC 20220. To visit 

the library, call (202) 622–0990 for an 

appointment. 

FOR FURTHER INFORMATION CONTACT: Lori 

Santamorena (Executive Director) or 

Chuck Andreatta (Associate Director), 

Bureau of the Public Debt, Government 

Securities Regulations Staff, (202) 504–

3632 or e-mail us at 

govsecreg@bpd.treas.gov. 

SUPPLEMENTARY INFORMATION: The 

Uniform Offering Circular (‘‘UOC’’), in 

conjunction with the announcement for 

each auction, provides the terms and 

conditions for the sale and issuance in 

an auction to the public of marketable 

Treasury bills, notes and bonds.1 There 

are three book-entry securities 

systems—the commercial book-entry 

system, TreasuryDirect , and Legacy 

Treasury Direct —into which we issue 

marketable Treasury securities.2 The 

current UOC generally authorizes 

purchases of all types of marketable 

Treasury securities in any of the three 

book-entry systems. The Legacy 

Treasury Direct system, which was 

implemented in 1986, will eventually be 

phased out, leaving only the newer, online TreasuryDirect system as the 

system for purchasing marketable 

Treasury securities directly on the 

records of the Bureau of the Public Debt, 

Department of the Treasury.3 The 

commercial book-entry system will 

remain an option for all securities for 

those investors who want to purchase 

and hold their securities through a 

depository institution or dealer. 

As we begin phasing out Legacy 

Treasury Direct, we plan to discontinue 

the practice of generally allowing all 

marketable Treasury securities being 

offered by Treasury to be purchased and 

held in this system. This final rule 

amendment states explicitly that we 

may announce that certain marketable 

securities to be offered will not be 

eligible for purchase or holding in 

Legacy Treasury Direct. Any such 

restriction will be included in that 

security’s offering announcement. This 

change will not affect any outstanding 

securities currently held in Legacy 

Treasury Direct. 

Procedural Requirements 

This final rule is not a significant 

regulatory action for purposes of 

Executive Order 12866. The notice and 

public procedures and delayed effective 

date requirements of the Administrative 

Procedure Act do not apply, under 5 

U.S.C. 533(a)(2). 

Since a notice of proposed rulemaking 

is not required, the provisions of the 

Regulatory Flexibility Act (5 U.S.C. 601 

et seq.) do not apply. 

The Office of Management and Budget 

previously approved the collections of 

information in this final amendment in 

accordance with the Paperwork 

Reduction Act under control number 


jlentini on PROD1PC65 with RULES
Federal Register / Vol. 72, No. 11 / Thursday, January 18, 2007 / Rules and Regulations 2193 

1535–0112. We are not making 

substantive changes to these 

requirements that would impose 

additional burdens on auction bidders. 

List of Subjects in 31 CFR Part 356 

Bonds, Federal Reserve System, 

Government Securities, Securities. 

■ For the reasons stated in the preamble, 

31 CFR part 356 is amended as follows: 

PART 356—SALE AND ISSUE OF 

MARKETABLE BOOK-ENTRY 

TREASURY BILLS, NOTES, AND 

BONDS (DEPARTMENT OF THE 

TREASURY CIRCULAR PUBLIC DEBT 

SERIES NO. 1–93) 

■ 1. The authority citation for part 356 

continues to read as follows: 

Authority: 5 U.S.C. 301; 31 U.S.C. 3102 et 

seq.; 12 U.S.C. 391. 

■ 2. Amend § 356.4 by revising the 

introductory paragraph and paragraph 

(c) to read as follows: 

§ 356.4 What are the book-entry systems 

in which auctioned Treasury securities may 

be issued? 

There are three book-entry securities 

systems—the commercial book-entry 

system, TreasuryDirect, and legacy 

Treasury Direct—into which we issue 

marketable Treasury securities. We may 

obtain and transfer securities in these 

three book-entry systems at their par 

amount. Par amounts of Treasury 

inflation-protected securities do not 

include adjustments for inflation. 

Securities may be transferred from one 

system to the other, unless the securities 

are not eligible to be held in the 

receiving system. See Department of the 

Treasury Circular, Public Debt Series 

No. 2–86, as amended (part 357 of this 

chapter) and part 363 of this chapter. 

* * * * * 

(c) Legacy Treasury Direct. In this 

system, we maintain the book-entry 

securities of account holders directly on 

the records of the Bureau of the Public 

Debt, Department of the Treasury. Bids 

for securities to beheld in Legacy 

Treasury Direct are generally submitted 

directly to us, although such bids may 

also be forwarded to us by a depository 

institution or dealer. From time to time, 

Treasury may announce that certain 

securities to be offered will not be 

eligible for purchase or holding in 

Legacy Treasury Direct. 

Dated: January 12, 2007. 

Donald V. Hammond, 

Fiscal Assistant Security. 

[FR Doc. 07–209 Filed 1–16–07; 1:47 pm] 

BILLING CODE 4810–39–M 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 51 

[EPA–HQ–OAR–2005–0124; FRL–8270–6] 

RIN 2060–AN34 

Air Quality: Revision to Definition of 

Volatile Organic Compounds—

Exclusion of HFE–7300 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Final rule. 

SUMMARY: This action revises EPA’s 

definition of volatile organic 

compounds (VOC) for purposes of 

preparing State implementation plans 

(SIPs) to attain the national ambient air 

quality standards (NAAQS) for ozone 

under title I of the Clean Air Act (CAA). 

This revision would add 

1,1,1,2,2,3,4,5,5,5-decafluoro-3- 

methoxy-4-trifluoromethyl-pentane 

[also known as HFE–7300 or L–14787 or 

C2F5CF(OCH3)CF(CF3)2] to the list of 

compounds excluded from the 

definition of VOC on the basis that this 

compound makes a negligible 

contribution to tropospheric ozone 

formation. If you use or produce HFE–

7300 and are subject to EPA regulations 

limiting the use of VOC in your product, 

limiting the VOC emissions from your 

facility, or otherwise controlling your 

use of VOC for purposes related to 

attaining the ozone NAAQS, then you 

will not count HFE–7300 as a VOC in 

determining whether you meet these 

regulatory obligations. This action may 

also affect whether HFE–7300 is 

considered as a VOC for State regulatory 

purposes, depending on whether the 

State relies on EPA’s definition of VOC. 

As a result, if you are subject to certain 

Federal regulations limiting emissions 

of VOCs, your emissions of HFE–7300 

may not be regulated for some purposes. 

DATES: This final rule is effective on 

January 18, 2007. 

ADDRESSES: The EPA has established a 

docket for this action under Docket ID 

No. EPA–HQ–OAR–2005–0124. All 

documents in the docket are listed on 

the www.regulations.gov Web site. 

Although listed in the index, some 

information is not publicly available, 

e.g., CBI or other information whose 

disclosure is restricted by statute. 

Certain other material, such as 

copyrighted material, is not placed on 

the Internet and will be publicly 

available only in hard copy form. 

Publicly available docket materials are 

available either electronically through 

www.regulations.gov or in hard copy at 

the EPA Docket Center, EPA/DC, EPA 

West, Room 3334, 1301 Constitution 

Ave., NW., Washington, DC. The Public 

Reading Room is open from 8:30 a.m. to 

4:30 p.m., Monday through Friday, 

excluding legal holidays. The telephone 

number for the Public Reading Room is 

(202) 566–1744, and the telephone 

number for the Air Docket is (202) 566–

1742. 

FOR FURTHER INFORMATION CONTACT: 

David Sanders, Office of Air Quality 

Planning and Standards, Air Quality 

Strategies and Standards Division 

(C539–02), Research Triangle Park, NC 

27711; telephone (919) 541–3356; fax 

number (919) 541–0824; or by e-mail at 

sanders.dave@epa.gov. 

SUPPLEMENTARY INFORMATION: 

I. General Information 

A. Does This Action Apply to Me? 

This action applies to you if you are 

a State that regulates VOC emissions as 

precursors to ozone formation or if you 

produce or use HFE–7300 or other 

compounds for which HFE–7300 may 

substitute. HFE–7300 has a variety of 

potential uses including as a heattransfer fluid and substitute for ozone 

depleting substances and substances 

with high global warming potentials, 

such as hydroflurocarbons, 

perfluorocarbons, and 

perfluoropolyethers. HFE–7300 may be 

used in azeotropic mixtures for use in 

coating deposition, cleaning, and 

lubricating applications. 

II. Background 

Tropospheric ozone, commonly 

known as smog, occurs when VOC and 

nitrogen oxides (NOX) react in the 

atmosphere. Because of the harmful 

health effects of ozone, EPA and State 

governments limit the amount of VOC 

and NOX that can be released into the 

atmosphere. The VOC’s are those 

compounds of carbon (excluding carbon 

monoxide, carbon dioxide, carbonic 

acid, metallic carbides or carbonates, 

and ammonium carbonate) which form 

ozone through atmospheric 

photochemical reactions. Compounds of 

carbon (also known as organic 

compounds) have different levels of 

reactivity—that is, they do not react at 

the same speed or do not form ozone to 

the same extent. It has been EPA’s 

policy that organic compounds with a 

negligible level of reactivity need not be 

regulated to reduce ozone. The EPA 

determines whether a given organic 

compound has ‘‘negligible’’ reactivity by 

comparing the compound’s reactivity to 

the reactivity of ethane. The EPA lists 

these compounds in its regulations (at 

40 CFR 51.100(s)) and excludes them 

from the definition of VOC. The 


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