This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

51369

Vol. 62, No. 190

Wednesday, October 1, 1997

FARM CREDIT ADMINISTRATION

12 CFR Part 650

RIN 3052–AB72

Federal Agricultural Mortgage

Corporation; Receivers and

Conservators; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

SUMMARY: The Farm Credit

Administration (FCA) published a final

rule under part 650 on August 15, 1997

(62 FR 43633). The final rule amends

the regulations that apply to the Federal

Agricultural Mortgage Corporation by

adding a subpart to govern a

receivership or conservatorship. The

final rule implements the receivership/

conservatorship authorities granted to

the FCA by the Farm Credit System

Reform Act of 1996, Pub. L. 104–105

(Feb. 10, 1996) and by previous law. In

accordance with 12 U.S.C. 2252, the

effective date of the final rule is 30 days

from the date of publication in the

Federal Register during which either or

both Houses of Congress are in session.

Based on the records of the sessions of

Congress, the effective date of the

regulations is October 1, 1997.

EFFECTIVE DATE: The regulation

amending 12 CFR part 650 published on

August 15, 1997 (62 FR 43633) is

effective October 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Larry W. Edwards, Director, Office of

Secondary Market Oversight, Farm

Credit Administration, McLean, VA

22102–5090, (703) 883–4051, TDD (703)

883–4444.

(12 U.S.C. 2252(a) (9) and (10))

Dated: September 26, 1997.

Floyd Fithian,

Secretary, Farm Credit Administration Board.

[FR Doc. 97–25978 Filed 9–30–97; 8:45 am]

BILLING CODE 6705–01–P

DEPARTMENT OF COMMERCE

Bureau of Export Administration

15 CFR Part 744

[Docket No. 970428099–7227–04]

RIN 0694–AB60

Revision to Entity List: Bharat

Electronics, Ltd. (aka Baharat

Electronics, Ltd.), India

AGENCY: Bureau of Export

Administration, Commerce.

ACTION: Final rule.

SUMMARY: The Export Administration

Regulations (EAR) provide that the

Bureau of Export Administration (BXA)

may inform exporters, individually or

through amendment to the EAR, that a

license is required for exports or

reexports to certain entities. The EAR

contains a list of such entities. This rule

amends the Entity List by revising the

entry ‘‘Bharat Electronics LTD, (aka

Baharat Electronics, Ltd.) located in

India, for all items subject to the EAR’’.

The entry will now read, ‘‘Bharat

Electronics Limited (BEL) in Bangalore,

India; and Bharat Electronics Limited

(BEL) in Hyderabad, India; for all items

subject to the EAR having a

classification other than EAR99. In

addition, exporters are reminded to

follow ‘‘BXA’s Know Your Customer

Guidance and Red Flags’’, see

Supplement No. 3 to part 732 of the

EAR, with regard to specific end-use of

any item subject to the EAR destined to

any Bharat Electronics Limited located

in India.

EFFECTIVE DATE: October 1, 1997.

FOR FURTHER INFORMATION CONTACT:

Eileen M. Albanese, Office of Exporter

Services, Bureau of Export

Administration, Telephone: (202) 482–

0436.

SUPPLEMENTARY INFORMATION:

Background

General Prohibition Five (§ 736.2(b)(5)

of the EAR) prohibits exports to certain

end-users or end-uses, as described in

Part 744, without a license. In the form

of Supplement No. 4 to part 744, BXA

maintains an ‘‘Entity List’’ to provide

notice informing the public of certain

entities subject to such licensing

requirements.

This rule narrows the scope of

products subject to the end-user license

requirement and clarifies the end-user

by specifying the facilities of Bharat

Electronics by city name. Other Bharat

Electronics Limited entities would be

subject to normal licensing procedures,

with the caveat that you may not,

without a license, knowingly export or

reexport any item subject to the EAR to

an end-user or end-use that is

prohibited by part 744 of the EAR, per

general prohibition five.

Although the Export Administration

Act (EAA) expired on August 20, 1994,

the President invoked the International

Emergency Economic Powers Act and

continued in effect, to the extent

permitted by law, the provisions of the

EAA and the EAR in Executive Order

12924 of August 19, 1994, notice of

August 15, 1995 (60 FR 42767), and

August 14, 1996 (61 FR 42527); and

August 13, 1997 (62 FR 43629).

Rulemaking Requirements

1. This final rule has been determined

to be not significant for purposes of

Executive Order 12866.

2. Notwithstanding any other

provision of law, no person is required

to respond to nor be subject to a penalty

for failure to comply with a collection

of information subject to the

requirements of the Paperwork

Reduction Act unless that collection of

information displays a current valid

OMB Control Number. this rule involves

a collection of information subject to the

Paperwork Reduction Act of 1980 (44

U.S.C. 3501 et seq.). This collection has

been approved by the Office of

Management and Budget under control

number 0694–0088.

3. This rule does not contain policies

with Federalism implications sufficient

to warrant preparation of a Federalism

assessment under Executive Order

12612.

4. The provisions of the

Administrative Procedure Act (5 U.S.C.

553) requiring notice of proposed

rulemaking, the opportunity for public

participation, and a delay in effective

date, are inapplicable because this

regulation involves a military and

foreign affairs function of the United

States (Sec. 5 U.S.C. 553(a)(1)). Further,

no other law requires that a notice of

proposed rulemaking and an

opportunity for public comment be

given for this final rule. Because a

notice of proposed rulemaking and an

opportunity for public comment are not

required to be given for this rule under