78804 Federal Register / Vol. 88, No. 220 / Thursday, November 16, 2023 / Notices 

14This estimate assumes that there are 1,353 

series of UITs and that 40% of such UITS are 

acquiring UITs (as estimated in the prior renewal). 

The estimate of 1,353 series of UITs is based on data 

as of December 2022, as derived from N–CEN filings 

(items F.18 and F.19) through July 14, 2023. 

15This estimate assumes 2.5 hours of general 

clerk time and 2.5 hours of senior computer 

operator time 5 hours = 2.5 + 2.5. 

16This estimate is based on the following 

calculations: 2,705 = 5 hours × 541 funds. 

17 186 acquiring separate accounts that will be 

subject to rule 12d1–4 = [418 variable annuity 

separate accounts registered as UITs + 240 variable 

life insurance separate accounts registered as UITs 

+ 15 management company separate accounts (these 

figures are based on data as of December 2022, as 

derived from N–CEN filings through July 14, 2023)] 

× 40% of funds that are acquiring funds (as 

estimated in the prior renewal) × 69% of acquiring 

separate accounts that will be subject to rule 12d1– 

4 as estimated by a commenter (as estimated in the 

prior renewal). 

18This estimate is based on the following 

calculations: 744 = 4 hours × 186 funds. 

19 $246,340 = ($565 × 1 hour) × 436. 

20 $5,650 = ($565 × 1 hour) × 10 funds subject to 

pass through voting. 

21 $251,990 = $246,340 + $5,650. 

22 $2,186,550 = [($565 × 2) + ($565 × 4)] × 645 

funds newly subject to the fund of funds investment 

agreement provisions of the rule. See footnote 7 for 

the calculation of funds newly subject to the rule. 

23 $2,438,540 = $251,990 + $2,186,550. 

the UIT principal underwriter or 

depositor evaluations, Commission staff 

estimates that 541 acquiring UITs will 

be subject to rule 12d1–4.14 Commission 

staff estimates that such UITs will spend 

5 hours annually conducting 

evaluations and creating, reviewing, and 

maintaining written materials.15 This 

results in a total annual hour burden of 

2,705 hours.16

Separate Accounts Funding Variable 

Insurance Contracts. With respect to the 

separate account funding variable 

insurance contracts, Commission staff 

estimates that 186 acquiring separate 

accounts will be subject to rule 12d1– 

4.17 Commission staff estimates that 

separate accounts will spend 4 hours 

annually obtaining certificates and 

maintaining records, resulting in a total 

annual hour burden of 744 hours.18

The following estimates of external 

costs are made solely for purposes of the 

Paperwork Reduction Act of 1995 (44 

U.S.C. 3501 et seq.) and are not derived 

from a comprehensive or even 

representative survey or study of the 

cost of Commission rules and forms. 

Voting Provisions. The staff estimates 

that, on average, outside counsel will 

spend 1 hour per vote conducting voting 

procedures with respect to mirror voting 

at a cost of $565 per hour. Staff therefore 

estimates an annual external cost 

burden of $246,340 with respect to 

mirror voting.19 Staff further estimates 

that, with respect to pass-through 

voting, outside counsel will spend 1 

hour to assist funds in communicating 

with shareholders and voting 

accordingly at a rate of $565 per hour. 

Staff therefore estimates an annual 

external cost burden of $5,650 with 

respect to pass-through voting.20

Accordingly, staff estimates a total 

annual external cost of $251,990 for 

compliance with the voting provisions 

of the rule.21

Fund of Funds Investment Agreement. 

Staff estimates that, on average, for 

funds newly subject to the rule, outside 

counsel will spend 2 hours negotiating 

and memorializing the necessary 

agreements under the rule at a cost of 

$565 per hour. Staff further estimates 

that, on average, for funds newly subject 

to the rule, outside counsel will spend 

4 hours establishing recordkeeping 

policies and procedures. Accordingly, 

staff estimates a total annual external 

costs of $2,186,550 for compliance with 

the fund of funds investment agreement 

provisions of the rule.22

Management Companies—Fund 

Filings. It is estimated that there is no 

external cost burden with respect to the 

management company findings 

provisions of the rule. 

UITs—Principal Underwriter or 

Depositor Evaluations. It is estimated 

that there is no external cost burden 

with respect to the UIT evaluation 

provisions of the rule. 

Separate Accounts Funding Variable 

Insurance Contracts. It is estimated that 

there is no external cost burden with 

respect to the separate account 

certification provisions of the rule. 

As outlined above, we estimate the 

total external cost burden to comply 

with rule 12d1–4 to be $2,438,540.23

Written comments are invited on: (a) 

whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimate of the burden of the collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information collected; and (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology. Consideration will be given 

to comments and suggestions submitted 

by January 16, 2024. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: David Bottom, Acting Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: November 13, 2023. 

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2023–25360 Filed 11–15–23; 8:45 am] 

BILLING CODE 8011–01–P 

SMALL BUSINESS ADMINISTRATION 

National Small Business Development 

Center Advisory Board 

AGENCY: Small Business Administration. 

ACTION: Notice of open Federal advisory 

committee meeting. 

SUMMARY: The SBA is issuing this notice 

to announce the date, time and agenda 

for a meeting of the National Small 

Business Development Center Advisory 

Board. The meeting will be open to the 

public; however, advance notice of 

attendance is required. 

DATES: Tuesday, December 5, 2023, at 

2:00 p.m. EST. 

ADDRESSES: Meeting will be held via 

Microsoft Teams. 

FOR FURTHER INFORMATION CONTACT: 

Rachel Karton, Office of Small Business 

Development Centers, U.S. Small 

Business Administration, 409 Third 

Street SW, Washington, DC 20416; 

Rachel.newman-karton@sba.gov; 202– 

619–1816. 

If anyone wishes to be a listening 

participant or would like to request 

accommodations, please contact Rachel 

Karton at the information above. 

SUPPLEMENTARY INFORMATION: Pursuant 

to section l0(a) of the Federal Advisory 

Committee Act (5 U.S.C. Appendix 2), 

the SBA announces the meetings of the 

National SBDC Advisory Board. This 

Board provides advice and counsel to 

the SBA Administrator and Associate 

Administrator for Small Business 

Development Centers. 

Purpose 

The purpose of the meeting is to 

discuss the following pertaining to the 

SBDC Program: 

• Annual Plan 

• Outreach and Engagement with SBDC 

State Directors 

Additionally, SBA will be seeking 

three volunteers from the Advisory 

Board to participate as judges for the 

National Small Business Week Small 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 88, No. 220 / Thursday, November 16, 2023 / Notices 78805 

1Those carriers, and the states in which they 

operate, are: (1) Carolina Coastal Railway, Inc. 

(North Carolina and South Carolina); (2) East Penn 

Railroad, LLC (Delaware and Pennsylvania); (3) 

Florida Central Railroad Company, Inc. (Florida); 

(4) Florida Midland Railroad Company, Inc. 

(Florida); (5) Florida Northern Railroad Company, 

Inc. (Florida); (6) Middletown & New Jersey 

Railroad, LLC (New York); (7) Port Manatee 

Railroad LLC (Florida); (8) Tyburn Railroad LLC 

(Pennsylvania); (9) Effingham Railroad Company 

(Illinois); (10) Illinois Western Railroad Company 

(Illinois); and (11) South Point & Ohio Railroad, Inc. 

(Ohio). 

2Public and confidential versions of the 

agreement were filed with the verified notice. The 

confidential version was submitted under seal 

concurrent with a motion for protective order, 

which is addressed in a separate decision. 

Business Development Centers 

Excellence and Innovation Award. 

Andrienne Johnson, 

Committee Management Officer. 

[FR Doc. 2023–25296 Filed 11–15–23; 8:45 am] 

BILLING CODE 8026–09–P 

SURFACE TRANSPORTATION BOARD 

[Docket No. FD 36735] 

3i RR Holdings GP LLC, 3i RR 

Holdings Partnership L.P., 3i RR 

Intermediate Holdings LLC, 3i RR LLC, 

Regional Rail Holdings, LLC, Regional 

Rail Sub Holdings LLC, and Regional 

Rail, LLC—Control Exemption— 

Indiana Eastern Railroad, LLC 

3i RR Holdings GP LLC, 3i RR 

Holdings Partnership L.P., 3i RR 

Intermediate Holdings LLC, 3i RR LLC, 

Regional Rail Holdings, LLC, and 

Regional Rail Sub Holdings LLC 

(collectively, 3i RR) and Regional Rail, 

LLC (Regional Rail), each a noncarrier, 

have filed a verified notice of exemption 

under 49 CFR 1180.2(d)(2) to acquire 

control of Indiana Eastern Railroad, LLC 

(IERR). IERR is a Class III rail carrier 

that operates a rail line in Indiana and 

Ohio and, doing business as Ohio South 

Central Railroad, operates on a separate, 

noncontiguous line in Ohio. 

According to the verified notice, 

Regional Rail is directly controlled by 

Regional Rail Sub Holdings LLC, which 

is controlled by Regional Rail Holdings, 

LLC, which is controlled by 3i RR LLC, 

which is controlled by 3i RR 

Intermediate Holdings LLC, which is 

controlled by 3i RR Holdings 

Partnership L.P., which is controlled by 

3i RR Holdings GP LLC. The verified 

notice states that Regional Rail is a 

noncarrier holding company that 

directly controls 11 Class III rail carriers 

in the eastern United States.1

According to the verified notice, 

pursuant to a membership interest 

purchase agreement to be entered into 

by Regional Rail, IERR, and IERR’s 

current owners, Regional Rail proposes 

to acquire all the existing equity interest 

of IERR and assume direct control of 

that carrier.2 3i RR would assume 

indirect control of IERR. The verified 

notice further states that no significant 

changes in the rail services currently 

provided by IERR are anticipated as a 

result of the proposed transaction and 

that the agreement does not include any 

provision that would limit the future 

interchange of traffic with a third-party 

connecting carrier. 

3i RR and Regional Rail represent 

that: (1) the rail lines of IERR do not 

connect with the lines of the rail carriers 

currently controlled by 3i RR and 

Regional Rail; (2) this control 

transaction is not part of a series of 

anticipated transactions that would 

result in such a connection; and (3) the 

transaction does not involve a Class I 

rail carrier. The proposed transaction is 

therefore exempt from the prior 

approval requirements of 49 U.S.C. 

11323 pursuant to 49 CFR 1180.2(d)(2). 

This transaction may be 

consummated on or after November 30, 

2023, the effective date of the exemption 

(30 days after the verified notice was 

filed). 

Under 49 U.S.C. 10502(g), the Board 

may not use its exemption authority to 

relieve a rail carrier of its statutory 

obligation to protect the interests of its 

employees. However, 49 U.S.C. 11326(c) 

does not provide for labor protection for 

transactions under 49 U.S.C. 11324 and 

11325 that involve only Class III rail 

carriers. Because this transaction 

involves Class III rail carriers only, the 

Board, under the statute, may not 

impose labor protective conditions for 

this transaction. 

If the verified notice contains false or 

misleading information, the exemption 

is void ab initio. Petitions to revoke the 

exemption under 49 U.S.C. 10502(d) 

may be filed at any time. The filing of 

a petition to revoke will not 

automatically stay the effectiveness of 

the exemption. Petitions for stay must 

be filed no later than November 22, 

2023. 

All pleadings, referring to Docket No. 

FD 36735, must be filed with the 

Surface Transportation Board either via 

e-filing on the Board’s website or in 

writing addressed to 395 E Street SW, 

Washington, DC 20423–0001. In 

addition, one copy of each pleading 

must be served on 3i RR’s and Regional 

Rail’s representative, Thomas J. Litwiler, 

Fletcher & Sippel LLC, 29 North Wacker 

Drive, Suite 800, Chicago, IL 60606– 

3208. 

According to 3i RR and Regional Rail, 

this action is categorically excluded 

from environmental review under 49 

CFR 1105.6(c) and from historic 

reporting requirements under 49 CFR 

1105.8(b). 

Board decisions and notices are 

available at www.stb.gov. 

Decided: November 8, 2023. 

By the Board, Mai T. Dinh, Director, Office 

of Proceedings. 

Kenyatta Clay, 

Clearance Clerk. 

[FR Doc. 2023–25298 Filed 11–15–23; 8:45 am] 

BILLING CODE 4915–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

[Docket No.: FAA–2020–0532; Summary 

Notice No. –2023–43] 

Petition for Exemption; Summary of 

Petition Received; Causey Aviation 

Unmanned, Inc. 

AGENCY: Federal Aviation 

Administration (FAA), Department of 

Transportation (DOT). 

ACTION: Notice. 

SUMMARY: This notice contains a 

summary of a petition seeking relief 

from specified requirements of Federal 

Aviation Regulations. The purpose of 

this notice is to improve the public’s 

awareness of, and participation in, the 

FAA’s exemption process. Neither 

publication of this notice nor the 

inclusion nor omission of information 

in the summary is intended to affect the 

legal status of the petition or its final 

disposition. 

DATES: Comments on this petition must 

identify the petition docket number and 

must be received on or before December 

6, 2023. 

ADDRESSES: Send comments identified 

by docket number FAA–2020–0532 

using any of the following methods: 

• Federal eRulemaking Portal: Go to 

http://www.regulations.gov and follow 

the online instructions for sending your 

comments electronically. 

• Mail: Send comments to Docket 

Operations, M–30; U.S. Department of 

Transportation, 1200 New Jersey 

Avenue SE, Room W12–140, West 

Building Ground Floor, Washington, DC 

20590–0001. 

• Hand Delivery or Courier: Take 

comments to Docket Operations in 

Room W12–140 of the West Building 

Ground Floor at 1200 New Jersey 

Avenue SE, Washington, DC 20590– 

0001, between 9 a.m. and 5 p.m., 


lotter on DSK11XQN23PROD with NOTICES1