8808 Federal Register / Vol. 72, No. 38 / Tuesday, February 27, 2007 / Notices 

46931). The November 7, 2006, 

supplemental letter provided additional 

clarifying information, did not expand 

the scope of the application as originally 

noticed, and did not change the NRC 

staff’s original proposed no significant 

hazards consideration determination. 

The Commission’s related evaluation 

of the amendment is contained in a 

Safety Evaluation dated February 6, 

2007. 

No significant hazards consideration 

comments received: No. 

FPL Energy Duane Arnold, LLC, Docket 

No. 50–331, Duane Arnold Energy 

Center, Linn County, Iowa 

Date of application for amendment: 

March 1, 2006, as supplemented by 

letter dated August 17, 2006. 

Brief description of amendment: The 

amendment modifies Special 

Operations Limiting Condition for 

Operation (LCO) 3.10.1, ‘‘System 

Leakage and Hydrostatic Testing 

Operation,’’ to allow more efficient 

testing during a refueling outage. 

Specifically, the LCO 3.10.1 allowance 

for operation with the average reactor 

coolant temperature greater than 212 °F 

(while considering operational 

conditions to be in Mode 4), is extended 

to include operations where 

temperature exceeds 212 °F: (1) As a 

consequence of maintaining adequate 

reactor pressure for a system leakage or 

hydrostatic test; or (2) as a consequence 

of maintaining adequate reactor 

pressure for control rod scram time 

testing initiated in conjunction with a 

system leakage or hydrostatic test. This 

change is based on the NRC-approved 

Technical Specification Task Force 

(TSTF) standard TS change TSTF–484, 

Revision 0. 

Date of issuance: February 5, 2007. 

Effective date: As of the date of 

issuance and shall be implemented 

within 30 days. 

Amendment No.: 264 

Facility Operating License No. DPR–

49: The amendment revises the TSs. 

Date of initial notice in Federal 

Register: (71 FR 70560) December 5, 

2006. The supplement provided 

additional information that clarified the 

application, did not expand the scope of 

the application as originally noticed, 

and did not change the NRC staff’s 

original proposed no significant hazards 

consideration determination, as 

published in the Federal Register on 

December 5, 2006 (71 FR 70560). 

The Commission’s related evaluation 

of the amendment is contained in a 

Safety Evaluation dated February 5, 

2007. 

No significant hazards consideration 

comments received: No. 

GPU Nuclear, Inc., Docket No. 50–320, 

Three Mile Island Nuclear Station, Unit 

2, Dauphin County, Pennsylvania 

Date of amendment request: October 

10, 2006. 

Brief description of amendment: The 

amendment revises Technical 

Specification Surveillance Requirement 

4.1.1.3 to extend the containment 

airlock surveillance frequency from 

once per year to once every five years. 

Date of issuance: February 7, 2007. 

Effective date: February 7, 2007. 

Amendment No.: 61. 

Possession Only License No. DPR–73: 

The amendment revises the Technical 

Specifications. 

Date of initial notice in Federal 

Register: December 5, 2006 (71 FR 

70560). The Commission’s related 

evaluation of the amendment is 

contained in a Safety Evaluation Report, 

dated February 7, 2007. 

No significant hazards consideration 

comments received: No. 

Nuclear Management Company, Docket 

No. 50–263, Monticello Nuclear 

Generating Plant (MNGP), Wright 

County, Minnesota 

Date of application for amendment: 

November 14, 2006, as supplemented on 

December 28, 2006. 

Brief description of amendment: The 

amendment revised Table 3.3.5.1–1, 

‘‘Emergency Core Cooling System 

Instrumentation,’’ of the MNGP 

Technical Specifications, to permit a 

one-time extension of the quarterly 

surveillance interval (i.e., from 92 days 

to 140 days), for three low pressure 

coolant injection loop select logic 

functions. 

Date of issuance: January 18, 2007. 

Effective date: As of the date of 

issuance and shall be implemented 

within 30 days of issuance. 

Amendment No: 149. 

Renewed Facility Operating License 

No. DPR–22: Amendment revised the 

Renewed Facility Operating License and 

Technical Specifications. 

The supplemental letter contained 

clarifying information and did not 

change the initial no significant hazards 

consideration determination, and did 

not expand the scope of the original 

Federal Register notice. 

Date of initial notice in Federal 

Register: December 19, 2006 (71 FR 

75995). The Commission’s related 

evaluation of the amendments is 

contained in a Safety Evaluation dated 

January 18, 2007. 

No significant hazards consideration 

comments received: No. 

Tennessee Valley Authority, Docket No. 

50–259 Browns Ferry Nuclear Plant, 

Unit 1, Limestone County, Alabama 

Date of application for amendment: 

November 9, 2006 (TS–458). 

Brief description of amendment: The 

amendment deleted the Technical 

Specification (TS) Surveillance 

Requirement to verify the position of a 

low pressure coolant injection crosstie 

valve. 

Date of issuance: February 6, 2007. 

Effective date: Effective as of the date 

of issuance, to be implemented within 

30 days. 

Amendment No.: 268. 

Renewed Facility Operating License 

No. DPR–33: Amendment revised the 

TSs. 

Date of initial notice in Federal 

Register: November 20, 2006 (71 FR 

671600). The Commission’s related 

evaluation of the amendment is 

contained in a Safety Evaluation dated: 

February 6, 2007. 

No significant hazards consideration 

comments received: No. 

Dated at Rockville, Maryland, this 15th day 

of February 2007. 

For the Nuclear Regulatory Commission. 

John W. Lubinski, 

Acting Director, Division of Operating Reactor 

Licensing, Office of Nuclear Reactor 

Regulation. 

[FR Doc. E7–3199 Filed 2–26–07; 8:45 am] 

BILLING CODE 7590–01–P 

OFFICE OF THE UNITED STATES 

TRADE REPRESENTATIVE 

Generalized System of Preferences 

(GSP): Import Statistics Relating to 

Competitive Need Limitations (CNLs); 

Invitation for Public Comment on CNL 

Waivers Subject to Potential 

Revocation Based on New Statutory 

Thresholds, Possible De Minimis 

Waivers, and Product Redesignations 

AGENCY: Office of the United States 

Trade Representative (USTR). 

ACTION: Notice. 

SUMMARY: This notice is to inform the 

public of the availability of full 2006 

calendar year import statistics relating 

to competitive need limitations (CNLs) 

under the Generalized System of 

Preferences (GSP) program. Public 

comments are invited by 5 p.m., Friday, 

March 16, 2007, regarding possible de 

minimis CNL waivers with respect to 

particular articles and possible 

redesignations under the GSP program 

of articles currently not eligible for GSP 

benefits because they previously 

exceeded the CNLs. Additionally, 


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Federal Register / Vol. 72, No. 38 / Tuesday, February 27, 2007 / Notices 8809 

public comments are invited by 5 p.m., 

Friday, March 23, 2007, regarding the 

potential revocation of CNL waivers that 

meet the new statutory thresholds set 

forth by section 503(d)(4)(B)(ii) of the 

Trade Act of 1974 (19 U.S.C. 

2463(d)(4)(B)(ii)), as amended by Public 

Law 109–432. 

FOR FURTHER INFORMATION CONTACT: The 

GSP Subcommittee of the Trade Policy 

Staff Committee, Office of the United 

States Trade Representative, 1724 F 

Street, NW., Room F–220, Washington, 

DC 20508. The telephone number is 

(202) 395–6971. 

SUPPLEMENTARY INFORMATION:

I. Competitive Need Limitations 

The GSP program provides for the 

duty-free importation of designated 

articles when imported from designated 

beneficiary developing countries 

(BDCs). The GSP program is authorized 

by title V of the Trade Act of 1974 (19 

U.S.C. 2461, et seq.), as amended (the 

‘‘1974 Act’’), and is implemented in 

accordance with Executive Order 11888 

of November 24, 1975, as modified by 

subsequent Executive Orders and 

Presidential Proclamations. 

Section 503(c)(2)(A) of the 1974 Act 

sets out the two CNLs. When the 

President determines that a BDC 

exported to the United States during a 

calendar year either (1) a quantity of a 

GSP-eligible article having a value in 

excess of the applicable amount for that 

year ($125 million for 2006), or (2) a 

quantity of a GSP-eligible article having 

a value equal to or greater than 50 

percent of the value of total U.S. imports 

of the article from all countries (the ‘‘50 

percent CNL’’), the President must 

terminate GSP duty-free treatment for 

that article from that BDC by no later 

than July 1 of the next calendar year. 

De minimis waivers. Under section 

503(c)(2)(F) of the 1974 Act, the 

President may waive the 50 percent 

CNL with respect to an eligible article 

imported from a BDC if the value of 

total imports of that article from all 

countries during the calendar year did 

not exceed the applicable de minimis 

amount for that year ($18 million for 

2006). 

Redesignations. Under section 

503(c)(2)(C) of the 1974 Act, if imports 

of an eligible article from a BDC ceased 

to receive duty-free treatment due to 

exceeding a CNL in a prior year, the 

President may, subject to the 

considerations in sections 501 and 502 

of the 1974 Act, redesignate such an 

article for duty-free treatment if imports 

in the most recently completed calendar 

year did not exceed the CNLs. 

CNL waiver revocation. Under Section 

503(d)(5) of the 1974 Act, a CNL waiver 

remains in effect until the President 

determines that it is no longer 

warranted due to changed 

circumstances. Section 503(d)(4)(B)(ii) 

of the 1974 Act, as amended by Public 

Law 109–432, also provides that, ‘‘[n]ot 

later than July 1 of each year, the 

President should revoke any waiver that 

has then been in effect with respect to 

an article for 5 years or more if the 

beneficiary developing country has 

exported to the United States (directly 

or indirectly) during the preceding 

calendar year a quantity of the article 

(I)—having an appraised value in excess 

of 1.5 times the applicable amount set 

forth in subsection (c)(2)(A)(ii) for that 

calendar year [$187.5 million in 2006]; 

or (II) exceeding 75 percent of the 

appraised value of the total imports of 

that article into the United States during 

that calendar year.’’

II. Implementation of Competitive Need 

Limitations, Waivers, and 

Redesignations 

Exclusions from GSP duty-free 

treatment where CNLs have been 

exceeded will be effective July 1, 2007, 

unless granted a waiver by the 

President. Any CNL-based exclusions, 

CNL waiver revocations, and decisions 

with respect to de minimis waivers and 

redesignations will be based on full 

2006 calendar year import data. 

III. 2006 Import Statistics 

In order to provide notice of articles 

that have exceeded the CNLs for 2006, 

and to afford an opportunity for 

comment regarding potential de 

minimis waivers, redesignations, and 

the potential revocation of waivers that 

are subject to the new CNL waiver 

thresholds provided by section 

503(d)(4)(B)(ii) of the 1974 Act, as 

amended by Public Law 109–432, 

import data for 2006 are available at 

http://www.ustr.gov/ 

Trade_Development/ 

Preference_Programs/GSP/ 

Section_Index.html). Full 2006 calendar 

year data for individual tariff 

subheadings may be viewed on the Web 

site of the U.S. International Trade 

Commission at http:// 

dataweb.usitc.gov/. 

The lists available on the USTR Web 

site contain, for each article, the 

Harmonized Tariff Schedule of the 

United States (HTSUS) subheading and 

BDC country of origin, the value of 

imports of the article for the 2006 

calendar year, and the percentage of 

total imports of that article from all 

countries. The annotations on the lists 

indicate, among other things, the status 

of GSP eligibility. 

The computer-generated lists 

published on the USTR Web site are for 

informational purposes only. They may 

not include all articles to which the GSP 

CNLs may apply. All determinations 

and decisions regarding the CNLs of the 

GSP program will be based on full 2006 

calendar year import data with respect 

to each GSP-eligible article. Each 

interested party is advised to conduct its 

own review of 2006 import data with 

respect to the possible application of the 

GSP CNL provisions. 

List I on the USTR Web site shows: (a) 

Articles from BDCs that became 

ineligible for GSP treatment on or before 

July 1, 2006; and (b) GSP-eligible 

articles from BDCs that exceeded the 

CNL by having been exported in excess 

of $125 million, or by an amount greater 

than 50% of the total U.S. import value 

in 2006. Petitions to grant CNL waivers 

for those articles that received GSP 

benefits during 2006 but stand to lose 

GSP duty-free treatment on July 1, 2007, 

must have been previously submitted in 

the 2006 GSP Annual Review. 

List II identifies GSP-eligible articles 

from BDCs that are above the 50 percent 

CNL, but that are eligible for a de 

minimis waiver of the 50 percent CNL. 

Articles eligible for de minimis waivers 

are automatically considered in the GSP 

annual review process, without 

petitions, and public comments are 

invited. 

List III shows GSP-eligible articles 

from certain BDCs that are currently not 

receiving GSP duty-free treatment, but 

that may be considered for GSP 

redesignation based on 2006 trade data 

and consideration of certain statutory 

factors, as set forth above. 

Recommendations to the President on 

redesignations are normally made as 

part of the GSP annual review process, 

and public comments are invited. 

List IV shows articles subject to the 

new CNL waiver thresholds of section 

503(d)(4)(B)(ii) of the 1974 Act, as 

amended by Pub. L. 109–432. 

Recommendations to the President on 

revocation of these waivers will be 

made as part of the 2006 GSP annual 

review process, and public comments 

are invited. 

IV. Public Comments 

Requirements for Submissions 

All submissions must conform to the 

GSP regulations set forth at 15 CFR part 

2007, except as modified below. 

Furthermore, each party providing 

comments should indicate on the first 

page of the submission its name, the 

relevant HTSUS subheading(s), the BDC 

of interest, and the type of action (e.g., 

new statutory criteria, de minimis 


cprice-sewell on PROD1PC62 with NOTICES
8810 Federal Register / Vol. 72, No. 38 / Tuesday, February 27, 2007 / Notices 

1The Trust currently operates pursuant to an 

order that grants such relief to offer series that 

match the performance of equity securities indices. 

In the Matter of Rydex ETF Trust, et al., Investment 

Company Act Release Nos. 25948 (Feb. 27, 2003) 

(notice) and 25970 (Mar. 25, 2003) (order), amended 

by Investment Company Act Release Nos. 27183 

(Dec. 8, 2005) (notice) and 27202 (Jan. 4, 2006) 

(order), (‘‘Prior Order’’). 

waiver or redesignation) in which the 

party is interested. 

Comments must be submitted, in 

English, to the Chairman of the GSP 

Subcommittee of the Trade Policy Staff 

Committee (TPSC) as soon as possible, 

but no later than 5 p.m., Friday, March 

16, 2007, for comments regarding de 

minimis waivers or redesignations, and 

no later than 5 p.m., March 23, 2007, for 

comments on the potential revocation of 

CNL waivers that meet the new 

statutory thresholds. 

To facilitate prompt consideration of 

submissions, USTR will only accept 

electronic e-mail submissions in 

response to this notice. Hand-delivered 

submissions either by mail or other 

delivery options will not be accepted. 

Submissions should be single-copy 

transmissions in English with the total 

submission not to exceed 20 singlespaced standard letter-size pages, 

including attachments, and three 

megabytes as a digital file attached to an 

e-mail transmission. The e-mail 

transmission must use either one of the 

two following subject lines, based on 

the subject of the comment being 

submitted: ‘‘Comments on 2006 GSP 

Redesignation and De minimis Waiver 

Review,’’ or ‘‘Comments on 2006 CNL 

Waiver Threshold Review,’’ followed by 

the BDC country of origin and HTSUS 

subheading number as set out in the 

appropriate list. Documents must be 

submitted as either MSWord (‘‘.doc’’), 

Word Perfect (‘‘.wpd’’), Adobe (‘‘.pdf’’) 

or text (‘‘.txt’’) files. Documents 

submitted as electronic image files or 

containing imbedded images (for 

example, ‘‘.jpg’’, ‘‘.tif’’, ‘‘.bmp’’, or ‘‘.gif’’

files) will not be accepted. Spreadsheets 

submitted as supporting documentation 

are acceptable as Excel, pre-formatted 

for printing on 81⁄2 x 11 inch paper. To 

the extent possible, any data 

attachments to the submission should 

be included in the same file as the 

submission itself, and not as separate 

files. 

If the submission contains business 

confidential information, pursuant to 15 

CFR 2003.6, a non-confidential version 

of the submission must also be 

submitted that indicates where 

confidential information was redacted 

by inserting asterisks where material 

was deleted. In addition, the 

confidential version must be clearly 

marked ‘‘BUSINESS CONFIDENTIAL’’

at the top and bottom of each page of the 

document. The non-confidential version 

must be clearly marked ‘‘PUBLIC’’ or 

‘‘NON-CONFIDENTIAL’’ at the top and 

bottom of each page. Documents that are 

submitted without any marking may not 

be accepted or will be considered public 

documents. 

For any document containing 

business confidential information 

submitted as an electronic attached file 

to an e-mail transmission, the file name 

of the business confidential version 

should begin with the characters ‘‘BC-’’, 

and the file name of the public version 

should begin with the character ‘‘P-’’. 

The ‘‘BC-’’ or ‘‘-’’should be followed by 

the name of the party (government, 

company, union, association, etc.) 

which is submitting the comments. 

E-mail submissions should not 

include separate cover letters or 

messages in the message area of the email; information that might appear in 

any cover letter should be included 

directly in the attached file containing 

the submission itself, including the 

sender’s identifying information with 

telephone number, fax number, and email address. The e-mail address for 

submissions to the 2006 GSP 

Redesignation and De minimis Waiver 

Review is FR0441@USTR.EOP.GOV. 

The e-mail address for the 2006 CNL 

Waiver Threshold Review is 

FR0618@USTR.EOP.GOV. Documents 

not submitted in accordance with these 

instructions may not be considered in 

this review. If unable to provide 

submissions by e-mail, please contact 

the GSP Subcommittee to arrange for an 

alternative method of transmission. 

Public versions of all documents 

relating to this review will be available 

for public review approximately two 

weeks after the due date by appointment 

in the USTR Public Reading Room, 1724 

F Street NW., Washington, DC. 

Availability of documents may be 

ascertained, and appointments may be 

made from 9:30 a.m. to noon and 1 p.m. 

to 4 p.m., Monday through Friday, by 

calling 202–395–6186. 

Marideth J. Sandler, 

Executive Director, Generalized System of 

Preferences (GSP) Program, and Chair, GSP 

Subcommittee, Office of the U.S. Trade 

Representative. 

[FR Doc. E7–3394 Filed 2–26–07; 8:45 am] 

BILLING CODE 3190–W7–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. IC–27703; 812–13337] 

Rydex ETF Trust, et al.; Notice of 

Application 

February 20, 2007. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application for an 

order under section 6(c) of the 

Investment Company Act of 1940 (the 

‘‘Act’’) for an exemption from sections 

2(a)(32), 5(a)(1), 22(d) and 24(d) of the 

Act and rule 22c–1 under the Act, and 

under sections 6(c) and 17(b) of the Act 

for an exemption from sections 17(a)(1) 

and (a)(2) of the Act. 

APPLICANTS: Rydex ETF Trust (‘‘Trust’’), 

PADCO Advisors II, Inc. (‘‘Advisor’’), 

and Rydex Distributors, Inc. 

(‘‘Distributor’’). 

SUMMARY OF APPLICATION: Applicants 

request an order that would permit: (a) 

series of an open-end management 

investment company to issue shares of 

limited redeemability; (b) secondary 

market transactions in the shares of the 

series to occur at negotiated prices on a 

national securities exchange, as defined 

in section 2(a)(26) of the Act, such as 

the New York Stock Exchange LLC 

(‘‘NYSE’’), The NASDAQ Stock Market, 

Inc. (‘‘Nasdaq’’) and the American Stock 

Exchange LLC (‘‘Amex’’) (each, an 

‘‘Exchange’’); (c) dealers to sell shares of 

the series of the Trust to purchasers in 

the secondary market unaccompanied 

by a prospectus, when prospectus 

delivery is not required by the 

Securities Act of 1933 (the ‘‘Securities 

Act’’); and (d) certain affiliated persons 

of a series to deposit securities into, and 

receive securities from, the series in 

connection with the purchase and 

redemption of aggregations of the series’

shares.1

FILING DATES: The application was filed 

on October 27, 2006. Applicants have 

agreed to file an amendment during the 

notice period, the substance of which is 

reflected in this notice. 

HEARING OR NOTIFICATION OF HEARING: An 

order granting the requested relief will 

be issued unless the Commission orders 

a hearing. Interested persons may 

request a hearing by writing to the 

Commission’s Secretary and serving 

applicants with a copy of the request, 

personally or by mail. Hearing requests 

should be received by the Commission 

by 5:30 p.m. on March 19, 2007, and 

should be accompanied by proof of 

service on applicants, in the form of an 

affidavit or, for lawyers, a certificate of 

service. Hearing requests should state 

the nature of the writer’s interest, the 

reason for the request, and the issues 

contested. Persons who wish to be 

notified of a hearing may request 

notification by writing to the 

Commission’s Secretary. 


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