Federal Register / Vol. 72, No. 47 / Monday, March 12, 2007 / Notices 11061 

The NRC staff finds that the proposed 

release of the facility for unrestricted 

use and the termination of the NRC 

license are in compliance with 10 CFR 

20.1402. Based on its review, the staff 

considered the impact of any residual 

radioactivity in the laboratory and 

concluded that the proposed action will 

not have a significant effect on the 

quality of the human environment. 

Environmental Impacts of the 

Alternatives to the Proposed Action: 

Due to the largely administrative nature 

of the proposed action, its 

environmental impacts are small. 

Therefore, the only alternative the staff 

considered is the no-action alternative, 

under which the staff would deny the 

amendment request. This no-action 

alternative is not feasible because it 

conflicts with 10 CFR 30.36(d), 

requiring that decommissioning of 

byproduct material facilities be 

completed and approved by the NRC 

after licensed activities cease. The 

NRC’s analysis of the Licensee’s final 

status survey data confirmed that 

release of the facility meets the 

requirements of 10 CFR 20.1402 for 

unrestricted use. Additionally, denying 

the amendment request would result in 

no change in current environmental 

impacts. The environmental impacts of 

the proposed action and the no-action 

alternative are therefore similar, and the 

no-action alternative is accordingly not 

further considered. 

Conclusion: The NRC staff has 

concluded that the proposed action is 

consistent with the NRC’s unrestricted 

use criteria specified in 10 CFR 20.1402. 

Because the proposed action will not 

significantly impact the quality of the 

human environment, the NRC staff 

concludes that the proposed action is 

the preferred alternative. 

Agencies and Persons Contacted: NRC 

provided a draft of this EA to the State 

of Hawaii for review on January 22, 

2006. The State of Hawaii did not 

provide any comments to the draft EA. 

The NRC staff has determined that the 

proposed action is of a procedural 

nature, and will not affect listed species 

or critical habitat. Therefore, no further 

consultation is required under Section 7 

of the Endangered Species Act. The 

NRC staff has also determined that the 

proposed action is not the type of 

activity that has the potential to cause 

effects on historic properties. Therefore, 

no further consultation is required 

under Section 106 of the National 

Historic Preservation Act. 

III. Finding of No Significant Impact 

The NRC staff has prepared this EA in 

support of the proposed action. On the 

basis of this EA, the NRC finds that 

there are no significant environmental 

impacts from the proposed action, and 

that preparation of an environmental 

impact statement is not warranted. 

Accordingly, the NRC has determined 

that a Finding of No Significant Impact 

is appropriate. 

IV. Further Information 

Documents related to this action, 

including the application for 

amendment and supporting 

documentation, are available 

electronically at the NRC’s Electronic 

Reading Room at http://www.nrc.gov/ 

reading-rm.html. From this site, you can 

access the NRC’s Agencywide 

Document Access and Management 

System (ADAMS), which provides text 

and image files of NRC’s public 

documents. The documents related to 

this action are listed below, along with 

their ADAMS accession numbers. 

1. NRC, ‘‘Generic Environmental 

Impact Statement in Support of 

Rulemaking on Radiological Criteria for 

License Termination of NRC-Licensed 

Nuclear Facilities,’’ NUREG–1496, July 

1997 (ML042310492, ML042320379, 

and ML042330385). 

2. NRC, ‘‘Consolidated NMSS 

Decommissioning Guidance,’’ NUREG–

1757, Volume 1, Revision 1, September 

2003 (ML053260027). 

3. Title 10 Code of Federal 

Regulations, Part 20, Subpart E, 

‘‘Radiological Criteria for License 

Termination.’’

4. Title 10, Code of Federal 

Regulations, Part 51, ‘‘Environmental 

Protection Regulations for Domestic 

Licensing and Related Regulatory 

Functions.’’

5. Jacobs, Mark, Covance Clinical 

Research Unit, Inc., Decommissioning 

Report, October 10, 2006 

(ML062900229). 

6. Browder, Rachel S., 

Acknowledgment of Receipt of Final 

Status Survey, October 31, 2006 

(ML063040400). 

If you do not have access to ADAMS 

or if there are problems in accessing the 

documents located in ADAMS, contact 

the NRC Public Document Room (PDR) 

Reference staff at 1–800–397–4209, 301–

415–4737, or by e-mail to pdr@nrc.gov. 

These documents may also be viewed 

electronically on public computers 

located at the NRC’s PDR, O 1 F21, One 

White Flint North, 11555 Rockville 

Pike, Rockville, MD 20852. The PDR 

reproduction contractor will copy 

documents for a fee. 

Dated at Arlington, Texas, this 2nd day of 

March 2007. 

For the Nuclear Regulatory Commission. 

D. Blair Spitzberg, 

Chief, Fuel Cycle Decommissioning Branch, 

Division of Nuclear Materials Safety, Region 

IV. 

[FR Doc. E7–4415 Filed 3–9–07; 8:45 am] 

BILLING CODE 7590–01–P 

OFFICE OF MANAGEMENT AND 

BUDGET 

Draft 2007 Report to Congress on the 

Costs and Benefits of Federal 

Regulations 

AGENCY: Office of Management and 

Budget, Executive Office of the 

President. 

ACTION: Notice of availability and 

request for comments. 

SUMMARY: The Office of Management 

and Budget (OMB) requests comments 

on its 2007 Draft Report to Congress on 

the Costs and Benefits of Federal 

Regulations. The full Draft Report is 

available at http://www.whitehouse.gov/ 

omb/inforeg/regpolreports_congress.html, and is divided 

into four chapters. Chapter I examines 

the costs and benefits of major Federal 

regulations issued in fiscal year 2006 

and summarizes the costs and benefits 

of major regulations issued between 

September 1996 and 2006. It also 

discusses regulatory impacts on State, 

local, and tribal governments, small 

business, wages, and economic growth. 

Chapter II examines trends in regulation 

since OMB began to compile benefit and 

cost estimates records in 1981. Chapter 

III provides an update on 

implementation of the Information 

Quality Act, and Chapter IV summarizes 

agency compliance with the Unfunded 

Mandates Reform Act. 

DATES: To ensure consideration of 

comments as OMB prepares this Draft 

Report for submission to Congress, 

comments must be in writing and 

received by June 11, 2007. 

ADDRESSES: We are still experiencing 

delays in the regular mail, including 

first class and express mail. To ensure 

that your comments are received, we 

recommend that comments on this draft 

report be electronically mailed to 

OIRA_BC_RPT@omb.eop.gov, or faxed 

to (202) 395–7245. You may also submit 

comments to Mabel Echols, Office of 

Information and Regulatory Affairs, 

Office of Management and Budget, 

NEOB, Room 10201, 725 17th Street, 

NW., Washington, DC 20503. All 

comments submitted in response to this 

notice will be made available to the 

public, including by posting them on 

OMB’s Web site. For this reason, please 


pwalker on PROD1PC71 with NOTICES
11062 Federal Register / Vol. 72, No. 47 / Monday, March 12, 2007 / Notices 

1The inclusion of entities controlled by an 

Eligible Employee in the definition of Eligible 

Investor is intended to enable Eligible Employees 

and their immediate family members to make 

investments in the Funds through private 

investment vehicles for the purpose of personal and 

family investment and estate planning objectives. 

Eligible Employees will exercise investment 

discretion and control over these investment 

vehicles, thereby creating a close nexus between the 

Firm and these investment vehicles. 

do not include in your comments 

information of a confidential nature, 

such as sensitive personal information 

or proprietary information. 

FOR FURTHER INFORMATION CONTACT: 

Mabel Echols, Office of Information and 

Regulatory Affairs, Office of 

Management and Budget, NEOB, Room 

10201, 725 17th Street, NW., 

Washington, DC 20503. Telephone: 

(202) 395–3093. 

SUPPLEMENTARY INFORMATION: Congress 

directed the Office of Management and 

Budget (OMB) to prepare an annual 

Report to Congress on the Costs and 

Benefits of Federal Regulations. 

Specifically, Section 624 of the FY 2001 

Treasury and General Government 

Appropriations Act, also known as the 

‘‘Regulatory Right-to-Know Act,’’ (the 

Act) requires OMB to submit a report on 

the costs and benefits of Federal 

regulations together with 

recommendation for reform. The Act 

states that the report should contain 

estimates of the costs and benefits of 

regulations in the aggregate, by agency 

and agency program, and by major rule, 

as well as an analysis of impacts of 

Federal regulation on State, local, and 

tribal governments, small businesses, 

wages, and economic growth. The Act 

also states that the report should go 

through notice and comment and peer 

review. 

Steven D. Aitken, 

Acting Administrator, Office of Information 

and Regulatory Affairs. 

[FR Doc. E7–4375 Filed 3–9–07; 8:45 am] 

BILLING CODE 3110–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Investment Company Act Release No. 

27747; 813–284] 

SA Investment Partners LLC, et al.; 

Notice of Application 

March 5, 2007. 

AGENCY: Securities and Exchange 

Commission (‘‘Commission’’). 

ACTION: Notice of an application for an 

order under sections 6(b) and 6(e) of the 

Investment Company Act of 1940 (the 

‘‘Act’’) granting an exemption from all 

provisions of the Act, except section 9, 

and sections 36 through 53, and the 

rules and regulations under the Act. 

With respect to sections 17 and 30 of the 

Act, and the rules and regulations 

thereunder, and rule 38a–1 under the 

Act, the exemption is limited as set 

forth in the application. 

SUMMARY OF APPLICATION: Applicants 

request an order to exempt certain 

investment funds formed for the benefit 

of eligible current and former employees 

of Sidley Austin LLP and its affiliates 

from certain provisions of the Act. Each 

fund will be an employees’ securities 

company within the meaning of section 

2(a)(13) of the Act. 

APPLICANTS: SA Investment Partnership 

LLC (the ‘‘Investment Fund’’), and 

Sidley Austin LLP and any entity 

controlling, controlled by, or under 

common control with Sidley Austin LLP 

(the ‘‘Firm’’). 

FILING DATES: The application was filed 

on July 26, 2000, and amended on 

March 8, 2001, March 23, 2001, 

November 14, 2003, and November 13, 

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 application 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 30, 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. 

ADDRESSES: Secretary, Securities and 

Exchange Commission, 100 F Street, 

NE., Washington, DC 20549–1090; 

Applicants: One South Dearborn, 

Chicago, IL 60603. 

FOR FURTHER INFORMATION CONTACT: 

Deepak T. Pai, Senior Counsel, at (202) 

551–6876 or Julia Kim Gilmer, Branch 

Chief, at (202) 551–6821, (Division of 

Investment Management, Office of 

Investment Company Regulation). 

SUPPLEMENTARY INFORMATION: The 

following is a summary of the 

application. The complete application 

may be obtained for a fee at the 

Commission’s Public Reference Branch, 

100 F Street, NE., Washington, DC 

20549–0102 (telephone (202) 551–5850). 

Applicants’ Representations 

1. The Firm is a law firm organized 

as a Delaware limited liability 

partnership. The Investment Fund is a 

Delaware limited liability company. 

Applicants may offer additional pooled 

investment vehicles to the same class of 

investors eligible to invest in the 

Investment Fund (the ‘‘Subsequent 

Funds,’’ and together with the 

Investment Fund, the ‘‘Funds’’) which 

will be substantially similar in all 

material respects to the Investment 

Fund except for investment objectives 

and strategies, operational differences 

related to the form of organization, and 

differences which reflect revisions to 

applicable law. Each Subsequent Fund, 

if any, will be structured as a general 

partnership, limited partnership or 

limited liability company, although a 

Subsequent Fund could be structured as 

a corporation, trust or other entity. The 

Funds will operate as non-diversified, 

closed-end management investment 

companies. 

2. The Funds will enable Eligible 

Investors to participate in investment 

opportunities that come to the attention 

of the Firm. Each entity in which a 

Fund invests is referred to as a 

‘‘Portfolio Company.’’ Participation as 

investors in a Fund will allow Eligible 

Investors (defined below) to diversify 

their investments and to have the 

opportunity to participate in 

investments that might not otherwise be 

available to them or that might be 

beyond their individual means. 

3. Interests in each Fund (‘‘Interests’’) 

will be offered and sold in reliance 

upon the exemption from registration 

contained in Section 4(2) of the 

Securities Act of 1933 (the ‘‘Securities 

Act’’) or Regulation D under the 

Securities Act. Interests will be offered 

solely to investors who, at the time of 

the offer, are: (a) Eligible Employees 

(defined below); (b) trusts of which the 

trustees and/or grantors are Eligible 

Employees or of which the sole 

beneficiaries are Eligible Employees and 

their immediate family members 

(spouses, parents, brothers, sisters, 

children, spouses of children, and 

grandchildren) (‘‘Eligible Trusts’’); (c) 

entities, all of the voting power of which 

is controlled by Eligible Employees 1

(together with Eligible Trusts, 

‘‘Qualified Investment Vehicles’’); (d) 

spouses of Eligible Employees; and (e) 

the Firm (collectively, ‘‘Eligible 

Investors’’). 

4. ‘‘Eligible Employees’’ are current or 

former partners of the Firm, lawyers and 

other professionals employed by the 

Firm, and certain current or former 


pwalker on PROD1PC71 with NOTICES