41320 Federal Register / Vol. 62, No. 148 / Friday, August 1, 1997 / Proposed Rules

§ 723.18 How can a State Supervisory

Authority develop and enforce a Member

Business Loan Regulation?

(a) The NCUA Board may exempt a

federally insured state chartered credit

union from NCUA’s Member Business

Rule in this part if the state has adopted

a rule substantially equivalent to

NCUA’s rule in this part. In a

substantially equivalent determination,

the Board reviews whether the state

regulation minimizes the risk and

accomplishes the overall objectives of

NCUA’s member business rule in this

part. Specifically, the Board will focus

its equivalency review on the definition

of:

(1) A member business loan;

(2) Loan to one borrower limits;

(3) Written loan policies;

(4) Collateral and security

requirements;

(5) Construction and development

lending; and

(6) Loans to senior management.

(b) To receive a substantially

equivalent determination, the State

Supervisory Authority must submit

their rule to the NCUA regional office.

After reviewing the rule, the region will

forward the request to the NCUA Board

for final determination.

§ 723.19 Definitions.

For purposes of this part, the

following definitions apply:

Associated member is any member

with a shared ownership, investment, or

other pecuniary interest in a business or

commercial endeavor with the

borrower.

Construction or development loan is a

financing arrangement for acquiring

property or rights to property, including

land or structures, with the intent to

convert it to income-producing property

such as: residential housing for rental or

sale; commercial use; industrial use; or

similar uses.

Immediate family member is a spouse

or other family member living in the

same household.

Loan-to-value ratio is the aggregate

amount of all sums borrowed

(outstanding balances plus any

unfunded commitment/line of credit)

from all sources on an item of collateral

divided by the market value of the

collateral used to secure the loan.

Reserves are all reserves, including

the Allowance for Loan Losses and

Undivided Earnings or surplus.

[FR Doc. 97–19936 Filed 7–31–97; 8:45 am]

BILLING CODE 7535–01–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 39

[Docket No. 97–ANE–16]

RIN 2120–AA64

Airworthiness Directives; Precision

Airmotive Corporation Carburetors

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Notice of proposed rulemaking

(NPRM).

SUMMARY: This document proposes the

supersedure of an existing airworthiness

directive (AD), applicable to Precision

Airmotive Corporation carburetors, that

currently requires the inspection of

those carburetors equipped with a twopiece venturi at each annual inspection

to determine if the primary venturi is

loose or missing, and requires the

replacement of a two-piece venturi with

a one-piece venturi within 48 months

after the effective date of the existing

AD. This action would eliminate the

requirement to install a one-piece

venturi, and allows the installation of a

one-piece venturi on affected

carburetors as an optional terminating

action; or, requires repetitive

inspections of a two-piece venturi on

affected carburetors. This AD would

also add an additional carburetor model,

and requires the installation of a new

fuel nozzle on certain carburetors when

a one-piece venturi is installed. This

proposal is prompted by service

difficulty reports describing engines that

fail to attain rated power, run rough, or

experience power loss after installation

of a one-piece venturi in accordance

with the existing AD, and by incidents

of forced landings of aircraft powered by

engines modified to comply with the

existing AD. The actions specified by

the proposed AD are intended to

prevent disruption of fuel flow to the

engine resulting in failure to attain rated

power, power loss in flight, and forced

landings.

DATES: Comments must be received by

September 30, 1997.

ADDRESSES: Submit comments in

triplicate to the Federal Aviation

Administration (FAA), New England

Region, Office of the Assistant Chief

Counsel, Attention: Rules Docket No.

97–ANE–16, 12 New England Executive

Park, Burlington, MA 01803-5299.

Comments may also be sent via the

Internet using the following address: ‘‘9-

ad-engineprop@faa.dot.gov’’. Comments

sent via the Internet must contain the

docket number in the subject line.

Comments may be inspected at this

location between 8:00 a.m. and 4:30

p.m., Monday through Friday, except

Federal holidays.

The service information referenced in

the proposed rule may be obtained from

Precision Airmotive Corporation, 3220

100th Street SW., Building E, Everett,

WA 98204; telephone (206) 353–8181,

fax (206) 348–3545. This information

may be examined at the FAA, New

England Region, Office of the Assistant

Chief Counsel, 12 New England

Executive Park, Burlington, MA.

FOR FURTHER INFORMATION CONTACT:

Richard Simonson, Aerospace Engineer,

Seattle Aircraft Certification Office,

FAA, Transport Airplane Directorate,

1601 Lind Avenue, SW, Renton, WA

98055–4056; telephone (425) 227–2597,

fax (425) 227–1181.

SUPPLEMENTARY INFORMATION:

Comments Invited

Interested persons are invited to

participate in the making of the

proposed rule by submitting such

written data, views, or arguments as

they may desire. Communications

should identify the rules docket number

and be submitted in triplicate to the

address specified above. All

communications received on or before

the closing date for comments, specified

above, will be considered before taking

action on the proposed rule. The

proposals contained in this notice may

be changed in light of the comments

received.

Comments are specifically invited on

the overall regulatory, economic,

environmental, and energy aspects of

the proposed rule. All comments

submitted will be available, both before

and after the closing date for comments,

in the Rules Docket for examination by

interested persons. A report

summarizing each FAA-public contact

concerned with the substance of this

proposal will be filed in the Rules

Docket.

Commenters wishing the FAA to

acknowledge receipt of their comments

submitted in response to this notice

must submit a self-addressed, stamped

postcard on which the following

statement is made: ‘‘Comments to

Docket Number 97–ANE–16.’’ The

postcard will be date stamped and

returned to the commenter.

Availability of NPRMs

Any person may obtain a copy of this

NPRM by submitting a request to the

FAA, New England Region, Office of the

Assistant Chief Counsel, Attention:

Rules Docket No. 97–ANE–16, 12 New
Federal Register / Vol. 62, No. 148 / Friday, August 1, 1997 / Proposed Rules 41321

England Executive Park, Burlington, MA

01803–5299.

Discussion

On September 8, 1993, the Federal

Aviation Administration (FAA) issued

airworthiness directive (AD) 93–18–03,

Amendment 39–8688 (58 FR 50843,

September 29, 1993), to require annual

inspections of Precision Airmotive

Corporation (formerly Facet Aerospace

Products Corporation and MarvelSchebler Corporation) Model MA–3A,

MA–3PA, MA–3SPA, and MA–4SPA

carburetors equipped with two-piece

venturis to determine if the primary

venturi is loose or missing, and to

require replacement of a two-piece

venturi with a one-piece venturi within

48 months after the effective date of the

existing AD. That action was prompted

by accidents, incidents, and service

difficulty reports involving loose or

missing components of two-piece

venturis. That condition, if not

corrected, could result in disruption of

fuel flow to the engine resulting in

failure to attain rated power, power loss

in fight, and forced landings.

Since the issuance of that AD, the

FAA has received reports from

numerous operators and mechanics who

have installed a one-piece venturi in

accordance with the existing AD and

where those modified engines failed to

attain rated power, ran rough, or

experienced power loss. Several forced

landings have been reported. Some

operators were able to correct the

problems by installing a different fuel

nozzle. Others have requested and

received approval to reinstall a twopiece venturi and return to the

inspection schedule as an alternative

method of compliance with the existing

AD.

The FAA has reviewed and approved

the technical contents of Precision

Airmotive Service Bulletin (SBs) No.

MSA–2, Revision 1, dated November 11,

1991, MSA–2, Revision 2, dated

December 28, 1993, and MSA–2,

Revision 3, dated October 10, 1995, that

describe the replacement of a two-piece

venturi with a one-piece venturi for

Precision Airmotive Corporation Model

MA–3A, MA–3PA, MA–3SPA, and MA–

4SPA carburetors. The FAA has also

reviewed and approved the technical

contents of Precision Airmotive SBs No.

MSA–7, dated September 30, 1994, that

describes the installation of a new fuel

nozzle on aircraft equipped with

Teledyne Continental Motors(TCM) O–

200A engines having carburetor, Part

Numbers 10–4894, or 10–4115–1,

installed; MSA–8, dated July 10, 1995,

that describes the installation of a new

fuel nozzle on aircraft equipped with

TCM O–300 or C–145 engines having

carburetor, P/Ns 10–4895, 10–4439, or

10–3237 installed, and MSA–9, dated

October 10, 1995, that describes the

installation of a new fuel nozzle on

aircraft equipped with TCM C–75, C–85,

or C–90 engines having carburetor, P/Ns

10–4240, 10–4252, 10–4252–1, or 10–

4457, installed.

In addition, several FAA inspectors

who oversee operators who use

‘‘progressive’’ inspection schedules

have pointed out the potential for

confusion in enforcing the requirement

with the existing AD for actions ‘‘at each

annual inspection,’’ and the repetitive

inspection interval has therefore been

changed to every annual, 100-hour, or

progressive inspection, whichever

occurs first. While this inspection

requirement is recognized to be a greater

economic burden on some operators

than the ‘‘annual’’ requirement of AD

93–18–03, the FAA has determined that

this inspection interval in this AD is

necessary to achieve an acceptable level

of safety.

Since an unsafe condition has been

identified that is likely to exist or

develop on other carburetors of this

same type design, this AD supersedes

AD 93–18–03 to require repetitive

inspections of a two-piece venturi, and

to allow installation of a one-piece

venturi as an optional terminating

action for those repetitive inspections

provided certain conditions are met.

The actions are required to be

accomplished in accordance with the

SBs described previously.

The FAA estimates that 30,000

carburetors installed on aircraft of U.S.

registry would be affected by this

proposed AD, that it would take

approximately 2 work hours per

carburetor to accomplish the proposed

actions, and that the average labor rate

is $60 per work hour. Required parts

would cost approximately $75 per

carburetor. Based on these figures, the

total cost impact of the proposed AD on

U.S. operators is estimated to be

$5,850,000.

The regulations proposed herein

would not have substantial direct effects

on the States, on the relationship

between the national government and

the States, or on the distribution of

power and responsibilities among the

various levels of government. Therefore,

in accordance with Executive Order

12612, it is determined that this

proposal would not have sufficient

federalism implications to warrant the

preparation of a Federalism Assessment.

For the reasons discussed above, I

certify that this proposed regulation (1)

is not a ‘‘significant regulatory action’’

under Executive Order 12866; (2) is not

a ‘‘significant rule’’ under the DOT

Regulatory Policies and Procedures (44

FR 11034, February 26, 1979); and (3) if

promulgated, will not have a significant

economic impact, positive or negative,

on a substantial number of small entities

under the criteria of the Regulatory

Flexibility Act. A copy of the draft

regulatory evaluation prepared for this

action is contained in the Rules Docket.

A copy of it may be obtained by

contacting the Rules Docket at the

location provided under the caption

ADDRESSES.

List of Subjects in 14 CFR Part 39

Air transportation, Aircraft, Aviation

safety, Safety.

The Proposed Amendment

Accordingly, pursuant to the

authority delegated to me by the

Administrator, the Federal Aviation

Administration proposes to amend part

39 of the Federal Aviation Regulations

(14 CFR part 39) as follows:

PART 39—AIRWORTHINESS

DIRECTIVES

1. The authority citation for part 39

continues to read as follows:

Authority: 49 U.S.C. 106(g), 40113, 44701.

§39.13 [Amended]

2. Section 39.13 is amended by

removing Amendment 39–39–8688 (58

FR 50843, September 29, 1993), and by

adding a new airworthiness directive,

Amendment 39–XXXX, to read as

follows:

Precision Airmotive Corporation: Docket No.

97–ANE–16. Supersedes AD 93–18–03,

Amendment 39–8688.

Applicability: Precision Airmotive

Corporation (formerly Facet Aerospace

Products Corporation and Marvel-Schebler

Corporation) Model MA–3, MA–3A, MA–

3PA, MA–3SPA, MA–4SPA carburetors

installed on but not limited to Textron

Lycoming O–235, O–290, and O–320 series

engines, and Teledyne Continental A–65, A–

75, C–75, C–85, C–90, C–115, C–125, C–145,

O–200, and O–300 series engines. These

engines are installed on, but not limited to,

normally aspirated reciprocating engine

powered aircraft manufactured by Cessna,

Piper, Raytheon, and Mooney.

Note 1: This airworthiness directive (AD)

applies to each carburetor identified in the

preceding applicability provision, regardless

of whether it has been modified, altered, or

repaired in the area subject to the

requirements of this AD. For carburetors that

have been modified, altered, or repaired so

that the performance of the requirements of

this AD is affected, the owner/operator must

request approval for an alternative method of

compliance in accordance with paragraph (f)

of this AD. The request should include an

assessment of the effect of the modification,

alteration, or repair on the unsafe condition
41322 Federal Register / Vol. 62, No. 148 / Friday, August 1, 1997 / Proposed Rules

addressed by this AD; and, if the unsafe

condition has not been eliminated, the

request should include specific proposed

actions to address it.

Compliance: Required as indicated, unless

accomplished previously.

To prevent disruption of fuel flow to the

engine resulting in failure to attain rated

power, power loss in flight, and forced

landings, accomplish the following:

(a) For Precision Airmotive Corporation

Model MA–3A, MA–3PA, MA–3SPA, and

MA4–SPA carburetors:

(1) If not previously accomplished, prior to

further flight, inspect the carburetor to

determine if a two-piece venturi is installed.

Carburetors that have the letter ‘‘V’’ stamped

or etched on the lower portion of the data

plate, or that have a black, yellow, or blue

data plate showing the Precision Airmotive

Corporation name and logo, or that have a

black Facet A Aerospace Products data plate

with a serial number beginning with 750, are

already equipped with a one-piece venturi

and no further action is necessary provided

the engine does not subsequently run rough

or experience power loss.

(2) If a two-piece venturi is installed,

inspect the carburetor at each annual, 100-

hour, or progressive inspection, to determine

if the primary venturi is loose or missing. If

either of these conditions is found, prior to

further flight, repair the carburetor by

installing a serviceable two-piece venturi or

by installing a one-piece venturi in

accordance with Precision Airmotive Service

Bulletin (SB) No. MSA–2, Revision 1, dated

November 11, 1992, Revision 2, dated

December 28, 1993, or Revision 3, dated

October 10, 1995. Installing a one-piece

venturi constitutes terminating action for the

repetitive inspection requirements of this

paragraph.

(3) If a one-piece venturi is already

installed, or installed in accordance with

sub-paragraph (2) of this paragraph, and the

engine subsequently runs rough or

experiences power loss, accomplish either of

the following:

(i) Modify the carburetor in accordance

with paragraphs (c), (d) or (e) of this AD, as

applicable; or

(ii) Install a carburetor containing a twopiece venturi and resume the repetitive

inspections required by paragraph (a)(2) of

this AD.

(b) For Precision Airmotive Corporation

Model MA–3 series carburetors: at the next

annual, 100-hour, or progressive inspection,

whichever occurs first, after the effective date

of this AD, inspect the carburetor to

determine if the primary venturi is loose or

missing. If either of these conditions are

found, prior to further flight, repair the

carburetor by installing a serviceable twopiece venturi, or replace the entire carburetor

with a serviceable carburetor. Repeat this

inspection at each annual, 100-hour, or

progressive inspection.

(c) For Precision Airmotive Corporation

Model MA–3SPA series carburetors with Part

Numbers (P/N) 10–4894 or 10–4115–1,

installed on Teledyne Continental Model O–

200A series engines modified on or after the

effective date of this AD by installing a onepiece venturi, install a new fuel nozzle in

accordance with Precision Airmotive SB

MSA–7, dated September 30, 1994, at the

time of installation of the one-piece venturi.

(d) For Precision Airmotive Corporation

Model MA–3SPA series carburetors with P/

Ns 10–4895, 10–4439, or 10–3237, installed

on Teledyne Continental Model O–300 or C–

145 series engines modified on or after the

effective date of this AD by installing a onepiece venturi, install a new fuel nozzle in

accordance with Precision Airmotive SB No.

MSA–8, dated July 10, 1995, at the time of

installation of the one-piece venturi.

(e) For Precision Airmotive Corporation

Model MA–3SPA series carburetors with P/

Ns 10–4240, 10–4252, 10–4252–1, or 10–

4457, installed on Teledyne Continental

Model C–75, C–85, or C–90 series engines

modified on or after the effective date of this

AD by installing a one-piece venturi, install

a new fuel nozzle in accordance with

Precision Airmotive SB No. MSA–9, dated

October 10, 1995, at the time of installation

of the one-piece venturi.

(f) An alternative method of compliance or

adjustment of the compliance time that

provides an acceptable level of safety may be

used if approved by the Manager, Seattle

Aircraft Certification Office. Operators shall

submit their requests through an appropriate

FAA Maintenance Inspector, who may add

comments and then send it to the Manager,

Seattle Aircraft Certification Office.

Note 2: Information concerning the

existence of approved alternative methods of

compliance with this airworthiness directive,

if any, may be obtained from the Seattle

Aircraft Certification Office.

(g) Special flight permits may be issued in

accordance with sections 21.197 and 21.199

of the Federal Aviation Regulations (14 CFR

21.197 and 21.199) to operate the aircraft to

a location where the inspection requirements

of this AD can be accomplished.

Issued in Burlington, Massachusetts, on

July 23, 1997.

Jay J. Pardee,

Manager, Engine and Propeller Directorate,

Aircraft Certification Service.

[FR Doc. 97–20309 Filed 7–31–97; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF COMMERCE

International Trade Administration

19 CFR Part 351

Countervailing Duties

AGENCY: Import Administration,

International Trade Administration,

Department of Commerce.

ACTION: Notice of public hearing on

proposed countervailing duty

regulations and announcement of

opportunity to file post-hearing

comments; correction.

SUMMARY: The Department of Commerce

published a document in the Federal

Register of July 21, 1997, announcing a

public hearing on the proposed

countervailing duty regulations. The

document contained an incorrect date.

FOR FURTHER INFORMATION CONTACT:

Jennifer A. Yeske at (202) 482–0189.

Correction

In document 97–19119 beginning on

page 38948 in the issue of Monday, July

21, 1997, make the following correction:

On page 38948, in the third column,

under the SUMMARY section ‘‘July 31,

1997’’ should read ‘‘August 7, 1997.’’

Dated: July 24, 1997.

Jeffrey P. Bialos,

Acting Assistant Secretary For Import

Administration.

[FR Doc. 97–20284 Filed 7–31–97; 8:45 am]

BILLING CODE 3510–DS–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–106043–97]

RIN 1545–AV22

Remedial Amendment Period

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice of proposed rulemaking

by cross-reference to temporary

regulations.

SUMMARY: In the Rules and Regulations

section of this issue of the Federal

Register, the IRS is issuing temporary

regulations relating to the remedial

amendment period during which a

sponsor of a qualified retirement plan or

an employer that maintains a qualified

retirement plan can make retroactive

amendments to the plan to eliminate

certain qualification defects for the

entire period. The text of those

temporary regulations also serves as the

text of these proposed regulations.

These proposed regulations will affect

sponsors of qualified retirement plans,

and employers that maintain qualified

retirement plans.

DATES: Written comments and requests

for a public hearing must be received by

October 30, 1997.

ADDRESSES: Send submissions to:

CC:DOM:CORP:R (REG–106043–97),

room 5226, Internal Revenue Service,

POB 7604, Ben Franklin Station,

Washington, DC 20044. Submissions

may be hand delivered between the

hours of 8 a.m. and 5 p.m. to:

CC:DOM:CORP:R (REG–106043–97),

Courier’s Desk, Internal Revenue

Service, 1111 Constitution Avenue NW,

Washington, DC. Alternatively,