Federal Register / Vol. 77, No. 47 / Friday, March 9, 2012 / Proposed Rules 14321 

aggregate of the six test sites. Are there 

any other capabilities that test site 

selection should include? 

(E) Geographical and climatic 

diversity are desirable traits for the test 

site location. The FAA believes that in 

addition to these traits, there are other 

important factors affecting siting. These 

include proximity to potential users and 

availability of a suitable ground or air 

transportation network. Are there other 

siting characteristics of this nature that 

should be considered? 

(F) The FAA believes that all UAS test 

site operators should be able and willing 

to demonstrate their ability and 

experience in conducting UAS 

operations and research. Methods that 

test site operators can use for that 

include: providing a detailed plan of 

operations (safety case, business case, 

etc.); demonstrating experience in 

managing and oversight of research and 

development (R&D) activities; and 

demonstrating the ability to mitigate 

technical and operational risk. Test site 

operators will also be responsible for 

ensuring that approval for use of any 

necessary frequency spectrum or 

transmit authority has been obtained. 

Are there other test site operator 

requirements that should be considered? 

(G) The FAA is considering utilizing 

the requirements contained in 14 CFR 

91.305, ‘‘No person may flight test an 

aircraft except over open water, or 

sparsely populated areas, having light 

air traffic.’’ The FAA also published an 

update to Order 8130.34A (currently 

Rev B) in November 2011, which 

includes language specific to flight test 

areas for experimental airworthiness 

operations. Should the FAA apply these 

same requirements to those seeking a 

UAS test site designation? 

(H) The FAA must define the airspace 

volume that is associated with the test 

range. How should airspace volume 

associated with test ranges be defined? 

Additionally, the FAA must assess the 

impact on NAS operational efficiency. 

How should impact to NAS efficiency 

be assessed? 

IV. Conclusion 

The FAA intends to utilize public 

comments to meet the requirements 

spelled out in NDAA (H.R. 1540) SEC 

1097 UNMANNED AERIAL SYSTEMS 

AND NATIONAL AIRSPACE (a)–(d). 

Issued in Washington, DC, on March 5, 

2012. 

John M. Allen, 

Director, Flight Standards Service. 

[FR Doc. 2012–5735 Filed 3–7–12; 4:15 pm] 

BILLING CODE 4910–13–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[REG–110980–10] 

RIN 1545–BJ55 

Modifications to Minimum Present 

Value Requirements for Partial Annuity 

Distribution Options Under Defined 

Benefit Pension Plans; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correcting amendments. 

SUMMARY: This document contains a 

correction to the notice of proposed 

rulemaking and notice of public hearing 

(REG–110980–10) that was published in 

the Federal Register on Friday, 

February 3, 2012 (77 FR 5454), 

providing guidance relating to the 

minimum present value requirements 

applicable to certain defined benefit 

pension plans. 

DATES: This correction is effective on 

March 9, 2012 and is applicable on 

February 3, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Peter J. Marks or Linda S.F. Marshall at 

(202) 622–6090 (not a toll-free number). 

SUPPLEMENTARY INFORMATION: 

Background 

The notice of proposed rulemaking 

and notice of public hearing that are the 

subject of this correcting amendment are 

under sections 401 and 417 of the 

Internal Revenue Code. 

Need for Correction 

As published, the notice of proposed 

rulemaking and notice of public hearing 

(REG–110980–10) contain an error that 

may prove to be misleading and is in 

need of clarification. 

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

Correction of Publication 

Accordingly, 26 CFR part 1 is 

corrected by making the following 

correcting amendment: 

PART 1—INCOME TAXES 

Paragraph 1. The authority citation 

for part 1 continues to read, in part, as 

follows: 

Authority: 26 U.S.C. 7805 * * * 

Par. 2. Section 1.417(e)–1 is amended 

by: 

Revising the last sentence of 

paragraph (d)(7)(vi), Example 5 (i) to 

read as follows: 

§ 1.417(e)–1 Restrictions and valuations of 

distributions from plans subject to sections 

401(a)(11) and 417. 

* * * * * 

(d) * * * 

(7) * * * 

(vi) * * * 

Example (5) * * * 

(i) * * * Participating X elects to receive 

$15,000 of the current hypothetical account 

balance in the form of a single sum and to 

receive the remainder of the total accrued 

benefit as a life annuity. 

* * * * * 

LaNita Van Dyke, 

Chief, Publications and Regulations Branch, 

Legal Processing Division, Associate Chief 

Counsel (Procedure and Administration). 

[FR Doc. 2012–5715 Filed 3–8–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF HOMELAND 

SECURITY 

Coast Guard 

33 CFR Part 165 

[Docket No. USCG–2012–0041] 

RIN 1625–AA00 

Safety Zone; Myrtle Beach Triathlon, 

Atlantic Intracoastal Waterway, Myrtle 

Beach, SC 

AGENCY: Coast Guard, DHS. 

ACTION: Notice of proposed rulemaking. 

SUMMARY: The Coast Guard proposes to 

establish a temporary safety zone on the 

Atlantic Intracoastal Waterway in 

Myrtle Beach, South Carolina during the 

Myrtle Beach Triathlon. The Myrtle 

Beach Triathlon, which is comprised of 

a series of triathlon races, is scheduled 

to take place on Saturday, October 13, 

2012. The temporary safety zone is 

necessary for the safety of race 

participants, participant vessels, 

spectators, and the general public 

during the swim portions of the 

triathlon races. Persons and vessels 

would be prohibited from entering, 

transiting through, anchoring in, or 

remaining within the safety zone unless 

authorized by the Captain of the Port 

Charleston or a designated 

representative. 

DATES: Comments and related material 

must be received by the Coast Guard on 

or before June 15, 2012. Requests for 

public meetings must be received by the 

Coast Guard on or before May 20, 2012. 

ADDRESSES: You may submit comments 

identified by docket number USCG– 

2012–0041 using any one of the 

following methods: 


sroberts on DSK5SPTVN1PROD with PROPOSALS