Federal Register / Vol. 62, No. 24 / Wednesday, February 5, 1997 / Proposed Rules 5355

(3) Within the time schedule approved

under paragraph (d)(1) or (d)(2) of this AD,

accomplish the corrosion inspections in the

affected airplane areas of the remaining

Model C–212 series airplanes in the

operator’s fleet.

(e) If, as a result of any inspection after the

initial corrosion inspection conducted in

accordance with paragraph (a) or (b) of this

AD, it is determined that corrosion findings

exceed Level 1 in any area, within 30 days

after such determination, implement a

means, approved by the FAA, to reduce

future findings of corrosion in that area to

Level 1 or better.

(f) Before any operator places into service

any newly acquired airplane that is subject

to the requirements of this AD, a schedule for

the accomplishment of the corrosion

inspections required by this AD must be

established in accordance with either

paragraph (f)(1) or (f)(2) of the AD, as

applicable:

(1) For airplanes previously maintained in

accordance with this AD, the first corrosion

inspection in each airplane area to be

performed by the operator must be

accomplished in accordance with either the

previous operator’s schedule or the new

operator’s schedule, whichever would result

in the earlier accomplishment date for that

inspection. After each corrosion inspection

has been performed once, each subsequent

inspection must be performed in accordance

with the new operator’s schedule.

(2) For airplanes that have not been

previously maintained in accordance with

this AD, the first corrosion inspection for

each airplane area to be performed by the

new operator must be accomplished prior to

further flight or in accordance with a

schedule approved by the FAA.

(g) Within 7 days after the date of detection

of any Level 3 corrosion, and within 3

months after the date of detection of any

Level 2 corrosion, submit a report to CASA

of such findings, in accordance with Section

7 of the Document.

(h) 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,

Standardization Branch, ANM–113, FAA,

Transport Airplane Directorate. Operators

shall submit their requests through an

appropriate FAA Principal Maintenance

Inspector, who may add comments and then

send it to the Manager, Standardization

Branch, ANM–113.

Note 8: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Standardization Branch,

ANM–113.

(i) 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 airplane to

a location where the requirements of this AD

can be accomplished.

Issued in Renton, Washington, on January

30, 1997.

Darrell M. Pederson,

Acting Manager, Transport Airplane

Directorate, Aircraft Certification Service.

[FR Doc. 97–2851 Filed 2–4–97; 8:45 am]

BILLING CODE 4910–13–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG–209817–96]

RIN 1545–AU19

Treatment of Obligation-Shifting

Transactions; Hearing

AGENCY: Internal Revenue Service,

Treasury.

ACTION: Proposed rule; change of date

and location of public hearing.

SUMMARY: This document changes the

date and location of the public hearing

on proposed regulations relating to the

treatment of certain multiple-party

financing transactions in which one

party realizes income from leases or

similar agreements and another party

claims deductions related to that

income.

DATES: The public hearing is being held

on Wednesday, May 14, 1997, beginning

at 10:00 a.m. Requests to speak and

outlines of oral comments must be

received by April 23, 1997.

ADDRESSES: The public hearing

originally scheduled in the IRS

Auditorium, Internal Revenue Building,

1111 Constitution Avenue NW,

Washington, DC is changed to room

2615, Internal Revenue Building, 1111

Constitution Avenue NW, Washington,

DC.

FOR FURTHER INFORMATION CONTACT:

Christina Vasquez of the Regulations

Unit, Assistant Chief Counsel

(Corporate), (202) 622–7180 (not a tollfree number).

SUPPLEMENTARY INFORMATION: A notice

of proposed rulemaking and notice of

public hearing appearing in the Federal

Register on Friday, December 27, 1996

(61 FR 68175), announced that a public

hearing on proposed regulations relating

to the treatment of certain multipleparty financing transactions in which

one party realizes income from leases or

similar agreements and another party

claims deductions related to that

income would be held on Tuesday,

April 29, 1997, beginning at 10:00 a.m.

in the IRS Auditorium, Internal Revenue

Building, 1111 Constitution Avenue

NW, Washington, DC and that requests

to speak and outlines of oral comments

should be received by Tuesday, April 8,

1997.

The date and location of the pubic

hearing has changed. The hearing is

scheduled for Wednesday, May 14,

1997, beginning at 10:00 a.m. in room

2615, Internal Revenue Building, 1111

Constitution Avenue NW, Washington,

DC. We must receive the requests to

speak and outlines of oral comments by

Wednesday, April 23, 1997. Because of

controlled access restrictions, attenders

are not admitted beyond the lobby of the

Internal Revenue Building until 9:45

a.m.

The Service will prepare an agenda

showing the scheduling of the speakers

after the outlines are received from the

persons testifying and make copies

available free of charge at the hearing.

Cynthia E. Grigsby,

Chief, Regulations Unit, Assistant Chief

Counsel (Corporate).

[FR Doc. 97–2756 Filed 2–4–97; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE INTERIOR

Minerals Management Service

30 CFR Part 206 and 208

RIN 1010–AC09

Meeting on Proposed Rule—Oil

Valuation Establishment; Federal

Royalty and Federal Leases Royalty Oil

Sales

AGENCY: Minerals Management Service,

Interior.

ACTION: Notice of meetings.

SUMMARY: The Minerals Management

Service (MMS) will hold public

meetings in Denver, Colorado, and

Houston, Texas, to discuss a proposed

rulemaking regarding the valuation of

crude oil and royalty oil sales produced

from mineral leases on Federal land.

The proposal was published in the

Federal Register on January 24, 1997

(62 FR 3741). The proposed rule would

replace existing valuation regulations

and represents the recommendations of

the MMS Oil Valuation Rulemaking

Committee. This proposed rule also

contains a new MMS form and solicits

comments on this information

collection. Comments on this rule must

be submitted to MMS by March 25,

1997. The purpose of these meetings is

to explain the proposed changes to the

regulations governing the valuation for

royalty purposes of crude oil produced

from Federal leases and allow all

interested parties to discuss the