40270 Federal Register / Vol. 62, No. 144 / Monday, July 28, 1997 / Rules and Regulations

§ 1.163–8T Allocation of interest expense

among expenditures (temporary).

* * * * *

(c) * * *

(3) Allocation of debt; proceeds not

disbursed to borrower—(i) Third-party

financing. * * *

* * * * *

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 97–19702 Filed 7–25–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8718]

RIN 1545–AS49

Arbitrage Restrictions on Tax-Exempt

Bonds; Correction

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains

corrections to final regulations (TD

8718) which were published in the

Federal Register on Friday, May 9, 1997

(62 FR 25502). The final regulations

relate to arbitrage and related

restrictions applicable to tax-exempt

bonds issued by State and local

governments.

DATES: This correction is effective May

9, 1997.

FOR FURTHER INFORMATION CONTACT:

David White, (202) 622–3980 (not a tollfree number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the

subject of these corrections are under

section 148 of the Internal Revenue

Code.

Need for Correction

As published, the final regulations

(TD 8718) contain errors that may prove

to be misleading and are in need of

clarification.

Correction of Publication

Accordingly, the publication of final

regulations (TD 8718) which are the

subject of FR Doc. 97–12062 is corrected

as follows:

1. On page 25505, column 3, in the

preamble, under the paragraph heading

‘‘F. Effective Dates’’, line 2, the language

‘‘effective for bonds issued on or after’’

is corrected to read ‘‘effective for bonds

sold on or after’’.

2. On page 25505, column 3, in the

preamble, under the paragraph heading

‘‘F. Effective Dates’’, the last line, the

language ‘‘issued before July 8, 1997.’’ is

corrected to read ‘‘sold before July 8,

1997.’’.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 97–19815 Filed 7–25–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF JUSTICE

Parole Commission

28 CFR Part 2

Paroling, Recommitting, and

Supervising Federal Prisoners:

Transfer Treaty Cases

AGENCY: United States Parole

Commission, Justice.

ACTION: Final rule; correction.

SUMMARY: U.S. Parole Commission is

correcting its regulation concerning

prisoners transferred pursuant to a

treaty to remove one redundant word.

The intended effect is to improve the

clarity of the regulation. The Parole

Commission is also correcting the

regulation to reflect the reduction in the

number of hearing officers necessary to

conduct a parole hearing. The reduction

was originally made in the final rule

published on July 25, 1996 (61 FR

38569).

EFFECTIVE DATE: July 28, 1997.

FOR FURTHER INFORMATION CONTACT:

Pamela A. Posch, Office of General

Counsel, U.S. Parole Commission, 5550

Friendship Blvd., Chevy Chase,

Maryland 20815, telephone (301) 492–

5959.

List of Subjects in 28 CFR Part 2

Administrative practice and

procedure, Probation and parole.

Accordingly, 28 CFR Part 2 is

amended as follows:

PART 2—[AMENDED]

1. The authority citation for 28 CFR

Part 2 continues to read as follows:

Authority: 18 U.S.C. 4203(a)(1) and

4204(a)(6).

§ 2.62 [Amended]

2. Section 2.62(a)(6) is amended in the

second sentence by removing the word

‘‘set’’ the second time it appears.

3. In § 2.62, in paragraph (h)(5),

remove the words ‘‘the panel’’ in each

place they occur, and add the words

‘‘the examiner’’ in their place.

Dated: July 21, 1997.

Michael J. Gaines,

Chairman, U.S. Parole Commission.

[FR Doc. 97–19708 Filed 7–25–97; 8:45 am]

BILLING CODE 4410–01–P

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 164

[CGD 97–034]

RIN 2115–AF46

Radar Requirements for Towing

Vessels 300 Gross Tons or More

AGENCY: Coast Guard, DOT.

ACTION: Final rule.

SUMMARY: On July 3, 1996, the Coast

Guard published a final rule requiring

certain towing vessels of 12 meters (39.4

feet) or more in length, operating in the

navigable waters of the United States

other than the St. Lawrence Seaway, to

be equipped with a marine radar. This

final rule included a provision

requiring, in some cases, towing vessels

of 300 tons gross tonnage or more to

have a radar that is azimuth stabilized.

This requirement is scheduled to go into

effect on August 2, 1997. Following

issuance of the final rule, the Coast

Guard received comments expressing

concern about the need for and the

expense of this requirement on vessels

operating on inland routes. After

reviewing this requirement with respect

to towing vessels on inland waters, the

Coast Guard is issuing a final rule which

revises the radar requirement for a

towing vessel of 300 tons gross tonnage

or more engaged in towing on Western

rivers and U.S. navigable waters other

than Western rivers.

DATES: This rule is effective on July 28,

1997.

ADDRESSES: Documents as indicated in

this preamble are available for

inspection or copying at the office of the

Executive Secretary, Marine Safety

Council (G–LRA/3406), U.S. Coast

Guard Headquarters, 2100 Second Street

SW., Washington, DC 20593–0001,

between 9:30 a.m. and 2 p.m., Monday

through Friday, except Federal holidays.

The telephone number is 202–267–

1477.

FOR FURTHER INFORMATION CONTACT: Mr.

Edward LaRue, Navigation Rules

Division (G–MOV–3), 202–267–0416.

Regulatory History

The regulatory history for this

rulemaking is recounted in the preamble

of the final rule entitled ‘‘Navigation