50506 Federal Register / Vol. 62, No. 187 / Friday, September 26, 1997 / Rules and Regulations

eight of the units would be low-income units.

At that time, Units 1, 2, and 3, the overincome units, could be rented to market-rate

tenants because the building would still

contain five low-income units.

Example 2. This example illustrates the

provisions of paragraph (d) of this section. A

low-income project consists of one six-floor

building. The residential units in the

building are identically sized. The building

contains two over-income units on the sixth

floor and two vacant units on the first floor.

The project owner, desiring to maintain the

over-income units as low-income units,

wants to rent the available units to qualified

residents. J, a resident of one of the overincome units, wishes to occupy a unit on the

first floor. J’s income has recently increased

above the applicable income limitation. The

project owner permits J to move into one of

the units on the first floor. Despite J’s income

exceeding the applicable income limitation,

J is a qualified resident under the available

unit rule because J is a current resident of the

building. The unit newly occupied by J

becomes an over-income unit under the

available unit rule. The unit vacated by J

assumes the status the newly occupied unit

had immediately before J occupied the unit.

The over-income units in the building

continue to be treated as low-income units.

(i) Effective date. This section applies

to leases entered into or renewed on and

after September 26, 1997.

Michael P. Dolan,

Acting Commissioner of Internal Revenue.

Approved: August 26, 1997.

Donald C. Lubick,

Acting Assistant Secretary of the Treasury.

[FR Doc. 97–25493 Filed 9–25–97; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 100

[CGD8–97–038]

RIN 2115–AE46

Special Local Regulations; 1997

Galveston Offshore Powerboat

Festival, Galveston, TX

AGENCY: Coast Guard, DOT.

ACTION: Temporary final rule.

SUMMARY: Special local regulations are

being adopted for the Galveston

Offshore Powerboat Festival. This event

will be held on October 11, 1997 from

11 a.m. to 5 p.m. in the Galveston Ship

Channel and on October 12, 1997 from

10 a.m. to 6 p.m. offshore of Galveston

Island at Galveston, Texas. These

regulations are needed to provide for the

safety of life on the navigable waters

during the event.

DATES: These regulations become

effective on October 11, 1997 at 10:30

a.m. until 5:30 p.m. and on October 12,

1997 at 9:30 a.m. until 6:30 p.m.

FOR FURTHER INFORMATION CONTACT:

LT Harry Schmidt, Operations Officer,

U.S. Coast Guard Group Galveston. Tel:

(409) 766–5603.

SUPPLEMENTARY INFORMATION:

Regulatory History

In accordance with 5 U.S.C. 553, a

notice of proposed rule making for these

regulations has not been published, and

good cause exists for making them

effective in less than 30 days from the

date of publication. Following normal

rule making procedures would be

impracticable. The details of the event

were not finalized in sufficient time to

publish proposed rules in advance of

the event or to provide for a delayed

effective date.

Background and Purpose

The marine event requiring this

regulation is a power boat race called

the ‘‘1997 Galveston Offshore Powerboat

Festival’’. This event is sponsored by

Texas Gulf Coast Racing, Inc. It will

consist of an inshore powerboat race in

the Galveston Ship Channel on October

11, 1997 and an offshore race on

October 12, 1997. Approximately 60

offshore V-hull and catamaran-hull

outboard and inboard race boats from 22

to 50 feet in length operating at high

speeds are expected to participate in the

races. The courses to be followed by the

races will be marked by patrol vessels

positioned at various points along each

route. Fifty to two hundred spectator

boats are expected for this event.

While viewing the event at any point

outside the regulated area is not

prohibited spectators will be

encouraged to congregate within areas

designated by the sponsor. Nonparticipating vessels will be permitted

to transit the area every hour on the

hour at No Wake Speed with the

permission of the patrol commander.

Regulatory Evaluation

This rule is not a significant

regulatory action under section 3(f) of

Executive Order 12866 and does not

require an assessment of potential costs

and benefits under section 6(a)(3) of the

order. It has not been reviewed by the

Office of Management and Budget under

that order. It is not significant under the

regulatory policies and procedures of

the Department of Transportation (DOT)

(44 FR 11040; February 26, 1979). The

Coast Guard expects the economic

impact of this rule to be so minimal that

a full Regulatory Evaluation under

paragraph 10e of the regulatory policies

and procedures of DOT is unnecessary

because of the event’s short duration.

Small Entities

The Coast Guard finds that the impact

on small entities, if any, is not

substantial. Therefore, the Coast Guard

certifies under section 605(b) of the

Regulatory Flexibility Act (5 U.S.C. 601

et seq) that this temporary rule will not

have a significant economic impact on

a substantial number of small entities

because of the event’s short duration.

Collection of Information

This rule contains no information

collection requirements under the

Paperwork Reduction Act (44 U.S.C.

3501 et seq.)

Federalism Assessment

The Coast Guard has analyzed this

action in accordance with the principles

and criteria of Executive Order 12612

and has determined that this rule does

not raise sufficient federalism

implications to warrant the preparation

of a Federalism Assessment.

Environmental Assessment

The Coast Guard considered the

environmental impact of this rule and

concluded that under section 2.B.2.e

(34) (h) of Commandant Instruction

M16475.1B, (as revised by 61 FR 13563;

March 27, 1996) this rule is excluded

from further environmental

documentation.

List of Subjects In 33 CFR Part 100

Mine safety, Navigation (water),

Reporting and recordkeeping

requirements, Waterways

Temporary Regulations

In consideration of the foregoing, Part

100 of Title 33, Code of Federal

Regulations, is amended as follows:

1. The authority citation for part 100

continues to read as follows:

Authority: 33 U.S.C. 1233, 49 CFR 1.46 and

33 CFR 100.35.

2. A temporary § 100.35–T08–038 is

added to read as follows:

§ 100.35–T08–038 Galveston, TX.

(a) Regulated Area: The Galveston

Ship Channel from the Pelican Island

Bridge to Pier 9 on October 11, 1997 and

The Gulf of Mexico within the area

bounded by a point on the shoreline at

29–18.7N, 094–45.5W southeast to 29–

18.2N, 094–45.0W thence southwest to

29–16.0N, 094–46.4W thence west to

29–14.8.0N, 094–49.6W thence

northwest to the shoreline at 29–15.7N,

094–52.0W on October 12, 1997.

(b) Special Local Regulation: All

persons and vessels not registered with

the sponsors as participants or official

patrol vessels are considered spectators.
Federal Register / Vol. 62, No. 187 / Friday, September 26, 1997 / Rules and Regulations 50507

Participants are those persons and

vessels identified by the sponsor as

taking part in the event. The official

patrol consists of any Coast Guard,

public, state, or local law enforcement

and sponsor provided vessel assigned to

patrol the event. The Coast Guard Patrol

Commander is a Coast Guard

commissioned, warrant, or petty officer

who has been designated by

Commanding Officer, U.S. Coast Guard

Group Galveston.

(1) No spectator shall anchor, block,

loiter in or impede the through transit

of participants or official patrol vessels

in the regulated area during the effective

dates and times, unless cleared for entry

by or through an official patrol vessel.

(2) When hailed and signaled, by an

official patrol vessel, a spectator shall

come to an immediate stop. Vessels

shall comply with all directions given;

failure to do so may result in a citation.

(3) The patrol commander is

empowered to forbid and control the

movement of all vessels in the regulated

area. He may terminate the event at any

time it is deemed necessary for the

protection of life or property. He may be

reached on VHF–FM Channel 16, when

required by the call sign PATCOM.

(c) Effective Dates: This section is

effective from 10:30 a.m. until 5:30 p.m.

on October 11, 1997 and from 9:30 a.m.

until 6:30 p.m. on October 12, 1997.

Dated: September 19, 1997.

T.W. Josiah,

Rear Admiral, U.S. Coast Guard, Commander,

Eighth Coast Guard District.

[FR Doc. 97–25602 Filed 9–25–97; 8:45 am]

BILLING CODE 4910–14–M

DEPARTMENT OF TRANSPORTATION

Coast Guard

33 CFR Part 100

[CGD08–97–039]

RIN 2115–AE46

Special Local Regulations; Head of the

Licking Regatta, Licking River Mile

0.0–3.5, Newport, KY

AGENCY: Coast Guard, DOT.

ACTION: Temporary final rule.

SUMMARY: Special local regulations are

being adopted for the Head of the

Licking Regatta. This event will be held

on September 27, 1997 from 8 a.m. until

5 p.m. at Newport, Kentucky. These

regulations are needed to provide for the

safety of life on navigable waters during

the event.

DATES: These regulations are effective

from 8 a.m. until 5 p.m., on September

27, 1997.

FOR FURTHER INFORMATION CONTACT:

Lt. Jeffrey W. Johnson, Chief, Port

Operations Department, USCG Marine

Safety Office, Louisville, Kentucky at

(502) 582–5194, ext. 39.

SUPPLEMENTARY INFORMATION:

Regulatory History

In accordance with 5 U.S.C. 553, a

notice of proposed rulemaking for these

regulations has not been published, and

good cause exists for making them

effective in less than 30 days from the

date of publication. Following normal

rule making procedures would be

impracticable. The details of the event

were not finalized in sufficient time to

publish proposed rules in advance of

the event or to provide for a delayed

effective date.

Background and Purpose

The marine event requiring this

regulation is a rowing regatta to benefit

a non-profit rowing organization. The

event is sponsored by Kendle of

Cincinnati, Ohio. Rowing races will

utilize the Licking River at

approximately miles 0.0 to 3.5,

midchannel. Commercial vessels will be

permitted to transit the area every three

hours.

Regulatory Evaluation

This rule is not a significant

regulatory action under section 3(f) of

Executive Order 12866 and does not

require an assessment of potential costs

and benefits under section 6(a)(3) of that

order. It has not been reviewed by the

Office of Management and Budget under

that order. It is not significant under the

regulatory policies and procedures of

the Department of Transportation (DOT)

(44 FR 11040; February 26, 1979). The

Coast Guard expects the economic

impact of this rule to be so minimal that

a full Regulatory Evaluation under

paragraph 10e of the regulatory policies

and procedures of DOT is unnecessary

because of the event’s short duration.

Small Entities

The Coast Guard finds that the impact

on small entities, if any, is not

substantial. Therefore, the Coast Guard

certifies under section 605(b) of the

Regulatory Flexibility Act (5 U.S.C. 601

et seq.) that this temporary rule will not

have a significant economic impact on

a substantial number of small entities

because of the event’s short duration.

Collection of Information

This rule contains no information

collection requirements under the

Paperwork Reduction Act (44 U.S.C.

3501 et seq).

Federalism Assessment

The Coast Guard has analyzed this

action in accordance with the principles

and criteria of Executive Order 12612

and has determined that this rule does

not raise sufficient federalism

implications to warrant the preparation

of a Federalism Assessment.

Environmental Assessment

The Coast Guard considered the

environmental impact of this rule and

concluded that under section 2.B.2.e

(34) (h) of Commandant Instruction

M16475.1B, (as revised by 61 FR 13563;

March 27, 1996) this rule is excluded

from further environmental

documentation.

List of Subjects in 33 CFR Part 100

Marine safety, Navigation (water),

Reporting and recordkeeping

requirements, Waterways

Temporary Regulations

In consideration of the foregoing, Part

100 of Title 33, Code of Federal

Regulations, is amended as follows:

PART 100—[AMENDED]

1. The authority citation for part 100

continues to read as follows:

Authority: 33 U.S.C. 1233; 49 CFR 1.46 and

33 CFR 100.35.

2. A temporary section 100.35–T08–

039 is added to read as follows:

§ 100.35–T08–039 Licking River at

Newport, Kentucky

(a) Regulated Area: Licking River Mile

0.0–3.5.

(b) Special Local Regulation: All

persons and vessels not registered with

the sponsors as participants or official

patrol vessels are considered spectators.

Paticipants are those persons and

vessels identified by the sponsor as

taking part in the event. The official

patrol consists of any Coast Guard,

public, state or local law enforcement

and sponsor-provided vessel assigned to

patrol the event. The Coast Guard Patrol

Commander is a Coast Guard

commissioned, warrant, or petty officer

who has been designated by

Commanding Officer, Coast Guard

Marine Safety Office Louisville.

(1) No vessel shall anchor, block,

loiter in, or impede the through transit

of participants or official patrol vessels

in the regulated area during effective

dates and times, unless cleared for such

entry by or through an official patrol

vessel.

(2) When hailed and/or signaled by an

official patrol vessel, a spectator shall

come to an immediate stop. Vessels