3058 Federal Register / Vol. 72, No. 15 / Wednesday, January 24, 2007 / Rules and Regulations 

FOR FURTHER INFORMATION CONTACT: 

Bruce A. Decker at (202) 622–7550 (not 

a toll-free number). 

SUPPLEMENTARY INFORMATION:

Background 

The temporary regulations (TD 9303) 

that is the subject of these corrections 

are under sections 368 and 354 of the 

Internal Revenue Code. 

Need for Correction 

As published, the temporary 

regulations (TD 9303) contains errors 

that may prove to be misleading and are 

in need of correction. 

Correction of Publication 

Accordingly, the temporary 

regulations (TD 9303) that was the 

subject of FR Doc. E6–21565, is 

corrected as follows: 

1. On page 75879, column 1, in the 

preamble, under the caption 

‘‘SUMMARY:’’, line 9, the language 

‘‘securities of the acquiring corporation 

is’’ is corrected to read ‘‘securities of the 

acquiring corporation are.’’

2. On page 75880, column 1, in the 

preamble, under the paragraph heading 

‘‘Background’’, first full paragraph of the 

column, line 5, the language ‘‘its 

operating assets to Y for $34x dollars,’’

is corrected to read ‘‘its operating assets 

to Y for $34x,.’’

3. On page 75880, column 1, in the 

preamble, under the paragraph heading 

‘‘Background’’, second full paragraph of 

the column, line 7, the language 

‘‘requirements of section 354 and 356, is 

corrected to read ‘‘requirements of 

sections 354 and 356,.’’

4. On page 75881, column 1, in the 

preamble, under the paragraph heading 

‘‘Special Analyses’’, line 7 from the 

bottom of the paragraph, the language 

‘‘published elsewhere in this Federal’’

is corrected to read ‘‘published 

elsewhere in this issue of the Federal.’’

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

PART 1—INCOME TAXES 

■ Paragraph 1. The authority citation 

for part 1 continues to read in part as 

follows: 

Authority: 26 U.S.C. 7805 * * * 

§ 1.368–2T [Corrected] 

■ Par. 2. Section 1.368–2T is amended 

by revising paragraph (l)(1) to read as 

follows: 

§ 1.368–2T Definition of terms (temporary). 

* * * * * 

(l) * * * 

(1) General rule. In order to qualify as 

a reorganization under section 

368(a)(1)(D), a corporation (transferor 

corporation) must transfer all or part of 

its assets to another corporation 

(transferee corporation) and 

immediately after the transfer the 

transferor corporation, or one or more of 

its shareholders (including persons who 

were shareholders immediately before 

the transfer), or any combination 

thereof, must be in control of the 

transferee corporation; but only if, in 

pursuance of the plan, stock or 

securities of the transferee corporation 

are distributed in a transaction which 

qualifies under section 354, 355, or 356. 

* * * * * 

LaNita Van Dyke, 

Chief, Publications and Regulations Branch, 

Legal Processing Division, Office of Associate 

Chief Counsel (Procedure and 

Administration). 

[FR Doc. E7–861 Filed 1–23–07; 8:45 am] 

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DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 117 

[CGD08–07–001] 

Drawbridge Operating Regulations; 

Berwick Bay (Atchafalaya River), 

Morgan City, LA 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of temporary deviation 

from regulations. 

SUMMARY: The Commander, Eighth 

Coast Guard District, has issued a 

temporary deviation from the regulation 

governing the operation of the BNSF 

Railway Company Vertical Lift Span 

Bridge across Berwick Bay, mile 0.4 

(Atchafalaya River, mile 17.5), at 

Morgan City, St. Mary Parish, Louisiana. 

This deviation provides for the bridge to 

remain closed to navigation for 12 

consecutive hours to conduct scheduled 

maintenance to the drawbridge. 

DATES: This deviation is effective from 

8 a.m. until 8 p.m. on Wednesday, 

February 7, 2007. 

ADDRESSES: Materials referred to in this 

document are available for inspection or 

copying at the office of the Eighth Coast 

Guard District, Bridge Administration 

Branch, Hale Boggs Federal Building, 

Room 1313, 500 Poydras Street, New 

Orleans, Louisiana 70130–3310 between 

7 a.m. and 3 p.m., Monday through 

Friday, except Federal holidays. The 

telephone number is (504) 671–2128. 

The Bridge Administration Branch 

maintains the public docket for this 

temporary deviation. 

FOR FURTHER INFORMATION CONTACT: 

David Frank, Bridge Administration 

Branch, telephone (504) 671–2128. 

SUPPLEMENTARY INFORMATION: The BNSF 

Railway Company has requested a 

temporary deviation in order to replace 

the railroad signal circuits of the BNSF 

Railway Railroad Vertical Lift Span 

Bridge across Berwick Bay, mile 0.4 

(Atchafalaya River, mile 17.5) at Morgan 

City, St. Mary Parish, Louisiana. 

Replacement of the signal circuits is 

necessary to turn the lining of signals 

across the bridge into a fully automatic 

operation so that the bridge will be in 

full compliance with requirements of 

the Federal Railroad Administration. 

This temporary deviation will allow the 

bridge to remain in the closed-tonavigation position from 8 a.m. until 8 

p.m. on Wednesday, February 7, 2007. 

The proposed work was previously 

scheduled for Wednesday, December 13, 

2006, but had to be postponed due to 

parts being unavailable. The required 

parts have been received and BNSF is 

now ready to accomplish the repairs. 

There may be times, during the closure 

period, when the draw will not be able 

to open for emergencies. 

The bridge provides 4 feet of vertical 

clearance in the closed-to-navigation 

position. Thus, most vessels will not be 

able to transit through the bridge site 

when the bridge is closed. Navigation 

on the waterway consists of tugs with 

tows, fishing vessels and recreational 

craft including sailboats and 

powerboats. Due to prior experience, as 

well as coordination with waterway 

users, it has been determined that this 

closure will not have a significant effect 

on these vessels. 

In accordance with 33 CFR 117.35(e), 

the drawbridge must return to its regular 

operating schedule immediately at the 

end of the designated time period. This 

deviation from the operating regulations 

is authorized under 33 CFR 117.35. 

Dated: January 16, 2007. 

Marcus Redford, 

Bridge Administrator. 

[FR Doc. E7–994 Filed 1–23–07; 8:45 am] 

BILLING CODE 4910–15–P 


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