67728 Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Rules and Regulations

Example 1. (i) Employer X has a weekly

pay period for all its employees. Employee A

works for X throughout 1997. During each of

the first 20 weekly pay periods in 1997,

substantially all of A’s work for X is

performed within the empowerment zone in

which A resides. A also works in the zone

at various times during the rest of the year,

but there is no other pay period in which

substantially all of A’s work for X is

performed within the empowerment zone.

Employer X uses the pay period method.

(ii) For each of the first 20 pay periods of

1997, A is a qualified zone employee, all of

A’s wages from X are qualified zone wages,

and X may claim the empowerment zone

employment credit with respect to those

wages. X cannot claim the credit with respect

to any of A’s wages for the rest of 1997.

Example 2. (i) Employer Y has a weekly

pay period for its factory workers and a biweekly pay period for its office workers.

Employee B works for Y in various factories

and Employee C works for Y in various

offices. Employer Y uses the pay period

method.

(ii) Y must use B’s weekly pay periods to

determine the periods (if any) in which B is

a qualified zone employee. Y may claim the

empowerment zone employment credit with

respect to B’s wages only for the weekly pay

periods for which B is a qualified zone

employee, because those are B’s only wages

that are qualified zone wages. Y must use C’s

bi-weekly pay periods to determine the

periods (if any) in which C is a qualified zone

employee. Y may claim the credit with

respect to C’s wages only for the bi-weekly

pay periods for which C is a qualified zone

employee, because those are C’s only wages

that are qualified zone wages.

Example 3. (i) Employees D and E work for

Employer Z throughout 1997. Although some

of D’s work for Z in 1997 is performed

outside the empowerment zone in which D

resides, substantially all of it is performed

within that empowerment zone. E’s work for

Z is performed within the empowerment

zone in which E resides for several weeks of

1997 but outside the zone for the rest of the

year so that, viewed on an annual basis, E’s

work is not substantially all performed

within the empowerment zone. Employer Z

uses the calendar year method.

(ii) D is a qualified zone employee for the

entire year, all of D’s 1997 wages from Z are

qualified zone wages, and Z may claim the

empowerment zone employment credit with

respect to all of those wages, including the

portion attributable to work outside the zone.

Under the calendar year method, E is not a

qualified zone employee for any part of 1997,

none of E’s 1997 wages are qualified zone

wages, and Z cannot claim any

empowerment zone employment credit with

respect to E’s wages for 1997. Z cannot use

the calendar year method for D and the pay

period method for E because Z must use the

same method for all employees. For 1998,

however, Z can switch to the pay period

method for E if Z also switches to the pay

period method for D and all of Z’s other

employees.

(c) Effective date. This section applies

with respect to wages paid or incurred

on or after December 21, 1994.

Dated: December 11, 1997.

Michael P. Dolan,

Deputy Commissioner of Internal Revenue.

Approved:

Donald C. Lubick,

Acting Assistant Secretary of the Treasury.

[FR Doc. 97–33645 Filed 12–29–97; 8:45 am]

BILLING CODE 4830–01–U

PENSION BENEFIT GUARANTY

CORPORATION

29 CFR Chapters XXVI and XL

RIN 1212–AA75

Finding Aids; Terminology; Benefits

Payable in Terminated SingleEmployer Plans; Allocation of Assets

in Single-Employer Plans

AGENCY: Pension Benefit Guaranty

Corporation.

ACTION: Correction.

SUMMARY: On July 1, 1996, the Pension

Benefit Guaranty Corporation published

in the Federal Register (at 61 FR 34001,

FR Doc. 96–16398) a final rule

reorganizing, renumbering, and

reinventing its regulations. This

document contains corrections to 29

CFR Parts 4000, 4001, 4022, and 4044 as

so published.

EFFECTIVE DATE: July 1, 1996.

FOR FURTHER INFORMATION CONTACT:

Harold J. Ashner, Assistant General

Counsel, or Marc L. Jordan, Attorney,

Office of the General Counsel, Suite 340,

Pension Benefit Guaranty Corporation,

1200 K Street, NW., Washington, DC

20005–4026; 202–326–4024. (For TTY/

TDD, call the Federal relay service tollfree at 1–800–877–8339 and ask to be

connected to 202–326–4024.)

SUPPLEMENTARY INFORMATION: As

published, 29 CFR Parts 4000, 4001,

4022, and 4044 contain errors that call

for correction. This document corrects

those errors.

List of Subjects in 29 CFR Chapter XL

Part 4000

Administrative practice and

procedure, Authority delegations

(Government agencies), Blind, Business

and industry, Civil rights, Claims,

Conflict of interests, Deaf, Disabled,

Discrimination against handicapped,

Equal employment opportunity, Federal

buildings and facilities, Freedom of

information, Government employees,

Handicapped, Nondiscrimination,

Organization and functions

(Government agencies), Penalties,

Pension insurance, Pensions, Physically

handicapped, Political activities

(Government employees), Privacy,

Production and disclosure of

information, Reporting and

recordkeeping requirements, Small

businesses, Testimony.

Parts 4022 and 4041

Pension insurance, Pensions,

Reporting and recordkeeping

requirements.

Parts 4044

Pension insurance, Pensions.

Accordingly, 29 CFR Parts 4000, 4001,

4022, and 4044 are corrected as follows:

PART 4000—FINDING AIDS

1. The authority citation for Part 4000

continues to read as follows:

Authority: 29 U.S.C. 1302(b)(3).

§ 4000.1 [Corrected]

2. In § 4000.1, in the table headed

‘‘Subchapter C—Single-Employer

Plans’’, the reference to ‘‘§ 2621.23(b)’’

is corrected to read ‘‘§ 2621.3(b)’’.

§ 4000.2 [Corrected]

3. In § 4000.2, in the table headed

‘‘Subchapter D—Coverage and

Benefits’’, the reference to

‘‘§ 2621.23(b)’’ is corrected to read

‘‘§ 2621.3(b)’’.

PART 4001—TERMINOLOGY

4. The authority citation for Part 4001

continues to read as follows:

Authority: 29 U.S.C. 1301, 1302(b)(3).

§ 4000.2 [Corrected]

5. In § 4001.2, the definition of

‘‘Basic-type benefit’’ is corrected to read

as follows:

Basic-type benefit means a benefit that

is guaranteed under part 4022 of this

chapter or that would be guaranteed if

the guarantee limits in §§ 4022.22

through 4022.27 of this chapter did not

apply.

PART 4022—BENEFITS PAYABLE IN

TERMINATED SINGLE-EMPLOYER

PLANS

6. The authority citation for Part 4022

continues to read as follows:

Authority: 29 U.S.C. 1302, 1322, 1322B,

1341(c)(3)(D), and 1344.

§ 4022.1 [Corrected]

7. In § 4022.1, the second sentence is

corrected by removing the term, ‘‘basictype’’.

§ 4022.24 [Corrected]

8. In § 4022.24(e), the words ‘‘this

subpart’’ are corrected to read

‘‘§§ 4022.22 through 4022.27’’.
Federal Register / Vol. 62, No. 249 / Tuesday, December 30, 1997 / Rules and Regulations 67729

§ 4022.26 [Corrected]

9. In § 4022.26(a), the words ‘‘subpart

A’’ are corrected to read ‘‘subpart A

(subject to the limitations in

§ 4022.21)’’.

PART 4044—ALLOCATION OF

ASSETS IN SINGLE-EMPLOYER

PLANS

10. The authority citation for Part

4022 continues to read as follows:

Authority: 29 U.S.C. 1301(a), 1302(b)(3),

1341, 1344, 1362.

§ 4044.13 [Corrected]

11. In § 4044.13(a), the last sentence is

corrected by adding, before the period at

the end thereof, the words ‘‘and

§ 4022.21 of this chapter’’.

Issued in Washington, D.C., this 22d day of

December, 1997.

David M. Strauss,

Executive Director, Pension Benefit Guaranty

Corporation.

[FR Doc. 97–33874 Filed 12–29–97; 8:45 am]

BILLING CODE 7708–01–P

DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

31 CFR Chapter V

Blocked Persons, Specially Designated

Nationals, Specially Designated

Terrorists, Specially Designated

Narcotics Traffickers, and Blocked

Vessels: Addition of Foreign Terrorist

Organizations; Removal of One

Individual

AGENCY: Office of Foreign Assets

Control, Treasury.

ACTION: Amendment of final rule.

SUMMARY: The Treasury Department is

adding to appendix A to 31 CFR chapter

V the names of 30 foreign terrorist

organizations whose funds are required

to be blocked by U.S. financial

institutions, and removing from

appendices A and B the name of one

individual determined to no longer be

subject to the criteria for designation

under sanctions administered against

Iraq.

EFFECTIVE DATE: December 23, 1997.

FOR FURTHER INFORMATION CONTACT:

Office of Foreign Assets Control,

Department of the Treasury,

Washington, DC 22201; tel.: 202/622–

2420.

SUPPLEMENTARY INFORMATION:

Electronic Availability

This document is available as an

electronic file on The Federal Bulletin

Board the day of publication in the

Federal Register. By modem, dial 202/

512–1387 and type ‘‘/GO FAC,’’ or call

202/512–1530 for disk or paper copies.

This file is available for downloading

without charge in WordPerfect 5.1,

ASCII, and Adobe AcrobatTM readable

(*.PDF) formats. For Internet access, the

address for use with the World Wide

Web (Home Page), Telnet, or FTP

protocol is: fedbbs.access.gpo.gov. The

document is also accessible for

downloading in ASCII format without

charge from Treasury’s Electronic

Library (‘‘TEL’’) in the ‘‘Business, Trade

and Labor Mall’’ of the FedWorld

bulletin board. By modem, dial 703/

321–3339, and select the appropriate

self–expanding file in TEL. For Internet

access, use one of the following

protocols: Telnet = fedworld.gov

(192.239.93.3); World Wide Web (Home

Page) = http://www.fedworld.gov; FTP

= ftp.fedworld.gov (192.239.92.205).

Additional information concerning the

programs of the Office of Foreign Assets

Control is available for downloading

from the Office’s Internet Home Page:

http://www.ustreas.gov/treasury/

services/fac/fac.html, or in fax form

through the Office’s 24–hour fax–on–

demand service: call 202/622–0077

using a fax machine, fax modem, or

(within the United States) a touch–tone

telephone.

Background

In furtherance of section 303 of the

Antiterrorism and Effective Death

Penalty Act of 1996, Public Law 104–

132, 110 Stat. 1214–1319 (the ‘‘Act’’),

implemented in part by the Foreign

Terrorist Organizations Sanctions

Regulations, 31 CFR part 597 (62 FR

52493, Oct. 8, 1997—the ‘‘Regulations’’)

the Office of Foreign Assets Control is

adding the following 30 foreign terrorist

organizations (‘‘FTOs’’) to appendix A

to 31 CFR chapter V. Section 303 of the

Act (new 18 U.S.C. 2339B), as

implemented in § 597.201 of the

Regulations, requires financial

institutions in possession or control of

funds in which a foreign terrorist

organization or its agent has an interest

to block such funds except as

authorized pursuant to the Regulations,

and to file reports in accordance with

the Regulations. Financial institutions

that violate of 18 U.S.C. 2339B(a)(2) and

the Regulations are subject to civil

penalties administered by the Treasury

Department.

These 30 FTOs were designated by

the Secretary of State in a notice

published in the Federal Register on

October 8, 1997 (62 FR 52650) pursuant

to section 302 of the Act (new 8 U.S.C.

1189), which authorizes the Secretary of

State, in consultation with the Secretary

of the Treasury and the Attorney

General, to designate organizations

meeting stated requirements as FTOs,

with prior notification to Congress of

the intent to designate. Appendix A

contains the names of blocked persons,

specially designated nationals, specially

designated terrorists, and specially

designated narcotics traffickers

designated pursuant to the various

economic sanctions programs

administered by the Office of Foreign

Assets Control (62 FR 34934, June 27,

1997).

Finally, the entry ‘‘Akram Al–Ogaily’’

is removed from appendices A and B as

a specially designated national of Iraq,

since he has been determined to no

longer meet the criteria for designation

under sanctions administered against

Iraq.

Since this rule involves a foreign

affairs function, the provisions of

Executive Order 12866 and the

Administrative Procedure Act (5 U.S.C.

553), requiring notice of proposed

rulemaking, opportunity for public

participation, and delay in effective

date, are inapplicable. Because no

notice of proposed rulemaking is

required for this rule, the Regulatory

Flexibility Act (5 U.S.C. 601–612) does

not apply.

For the reasons set forth in the

preamble, and under the authority of 18

U.S.C. 2339B, 22 U.S.C. 287c; 31 U.S.C.

321(b); 50 U.S.C. 1701–1706; 50 U.S.C.

App. 1–44, appendices A and B to 31

CFR chapter V are amended as set forth

below:

1. The notes to the appendices to

chapter V are revised to read as follows:

APPENDICES TO CHAPTER V

Notes: The alphabetical lists below provide

the following information (to the extent

known) concerning blocked persons,

specially designated nationals, specially

designated terrorists, foreign terrorist

organizations, specially designated narcotics

traffickers and blocked vessels:

1. For blocked individuals: name and title

(known aliases), address, (other identifying

information), (the notation ‘‘individual’’),

[sanctions program under which the

individual is blocked].

2. For blocked entities: name (known

former or alternate names), address,

[sanctions program under which the entity is

blocked].

3. For blocked vessels: name, sanctions

program under which the vessel is blocked,

registration of vessel, type, size in dead

weight and/or gross tons, call sign, vessel

owner, and alternate names.

4. Abbreviations: ‘‘a.k.a’’ means ‘‘also

known as’’; ‘‘f.k.a.’’ means ‘‘formerly known

as’’; ‘‘n.k.a.’’ means ‘‘now known as’’; ‘‘DOB’’

means ‘‘date of birth’’; ‘‘DWT’’ means

‘‘Deadweight’’; ‘‘FRY (S&M)’’ means Federal