Federal Register / Vol. 89, No. 19 / Monday, January 29, 2024 / Notices 5601 

35 17 CFR 200.30–3(a)(12). 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

The Exchange neither solicited nor 

received comments on the proposed 

rule change. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Within 45 days of the date of 

publication of this notice in the Federal 

Register or within such longer period 

up to 90 days (i) as the Commission may 

designate if it finds such longer period 

to be appropriate and publishes its 

reasons for so finding or (ii) as to which 

the Exchange consents, the Commission 

will: 

A. by order approve or disapprove 

such proposed rule change, or 

B. institute proceedings to determine 

whether the proposed rule change 

should be disapproved. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s internet 

comment form (https://www.sec.gov/ 

rules/sro.shtml); or 

• Send an email to rule-comments@

sec.gov. Please include file number SR– 

CboeBZX–2024–006 on the subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Secretary, Securities and Exchange 

Commission, 100 F Street NE, 

Washington, DC 20549–1090. 

All submissions should refer to file 

number SR–CboeBZX–2024–006. This 

file number should be included on the 

subject line if email is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

internet website (https://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for website viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street NE, 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of the filing also 

will be available for inspection and 

copying at the principal office of the 

Exchange. Do not include personal 

identifiable information in submissions; 

you should submit only information 

that you wish to make available 

publicly. We may redact in part or 

withhold entirely from publication 

submitted material that is obscene or 

subject to copyright protection. All 

submissions should refer to file number 

SR–CboeBZX–2024–006 and should be 

submitted on or before February 20, 

2024. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.35

Sherry R. Haywood, 

Assistant Secretary. 

[FR Doc. 2024–01618 Filed 1–26–24; 8:45 am] 

BILLING CODE 8011–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Highway Administration 

Federal Share Flexibility Pilot Program 

AGENCY: Federal Highway 

Administration (FHWA), Department of 

Transportation (DOT). 

ACTION: Notice. 

SUMMARY: The FHWA is announcing a 

pilot program to enable, on an 

experimental basis, a State department 

of transportation (State DOT) to 

determine the Federal share on a 

project, multi-project, or program basis 

for projects under certain specified 

programs. The Federal Share Flexibility 

Pilot (Pilot) Program will be carried out 

until September 30, 2026. 

DATES: Applications must be received 

by March 29, 2024. 

ADDRESSES: All application materials 

should be emailed to FSPPP@

Sharepointmail.dot.gov or mailed 

attention to Rhonda Shaffer, Federal 

Highway Administration, Room E62– 

332, 1200 New Jersey Avenue SE, 

Washington, DC 20590. 

FOR FURTHER INFORMATION CONTACT: Mr. 

Dan Parker, Senior Program Analyst, 

Office of Financial Management, (801) 

955–3518, Danial.Parker@dot.gov. 

SUPPLEMENTARY INFORMATION: 

Electronic Access 

An electronic copy of this notice may 

be downloaded from the Office of the 

Federal Register’s home page at: 

www.federalregister.gov/ and the 

Government Publishing Office’s web 

page at: www.gpo.gov/fdsys/. 

Background 

The Federal-aid highway program is a 

federally funded, State-administered 

program, under which State DOTs are 

responsible for determining which 

projects are federally funded. Projects 

are authorized and federally funded up 

to the maximum Federal share as 

authorized in statute. Section 11107 of 

the Bipartisan Infrastructure Law (BIL), 

enacted as the Infrastructure Investment 

and Jobs Act (IIJA) (Pub. L. 117–58), 

amended section 120(l) of title 23, 

United States Code (U.S.C.) to require 

the establishment of a Pilot Program not 

later than 180 days after the date of 

enactment of the BIL. In accordance 

with 23 U.S.C. 120(l), selected States in 

the Pilot Program are allowed to 

determine the Federal share on an 

individual project that is more than 0 

percent and up to 100 percent as long 

as the average annual Federal share of 

all participating projects does not 

exceed the average of the maximum 

Federal share of those projects if those 

projects were not carried out under the 

Pilot Program. The following guidelines 

have been established for the Pilot 

Program: 

(a) Up to 10 State DOTs may 

participate in the Pilot Program. 

(b) The Pilot Program will expire on 

September 30, 2026. 

(c) The Federal share will be 

determined based on the following 

criteria: 

(1) Determined based on project, 

multiple projects, or program basis. 

(2) Maximum Federal share for an 

individual project under the Pilot 

Program is 100 percent. 

(3) Minimum Federal share for an 

individual project under the Pilot 

Program is greater than 0 percent (i.e., 

any project authorized under the Pilot 

Program cannot be 0 percent). 

(4) The average annual Federal share 

of the total cost of all projects 

authorized under this Pilot Program 

shall not exceed the average of the 

maximum Federal share of those 

projects if those projects were not 

carried out under the Pilot Program. 

(d) State DOTs participating in the 

Pilot Program may determine the 

Federal share on a project, multipleproject, or program basis for projects 

under any of the following programs: 

(1) National Highway Performance 

Program (23 U.S.C. 119). 


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5602 Federal Register / Vol. 89, No. 19 / Monday, January 29, 2024 / Notices 

(2) Surface Transportation Block 

Grant (23 U.S.C. 133). 

(3) Highway Safety Improvement (23 

U.S.C. 148). 

(4) Congestion Mitigation and Air 

Quality Program (23 U.S.C. 149). 

(5) National Highway Freight Program 

(23 U.S.C. 167). 

(6) Carbon Reduction Program (23 

U.S.C. 175). 

(7) Subsection (c) eligible activities of 

the Promoting Resilient Operations for 

Transformative, Efficient, and Cost 

saving Transportation Program (23 

U.S.C. 176). 

(e) Participating State DOT 

Requirements: 

(1) Submit an application in 

accordance with the instructions below. 

(2) Have in place adequate financial 

controls to allow the State to determine 

the average annual Federal share 

requirements under the Pilot Program. 

Objectives of the Pilot Program 

The objectives of the Pilot Program 

are to: 

(1) Determine if State DOTs 

experience efficiencies in connection 

with oversight of projects and 

determining the Federal share amounts 

on a project, multi-project, or program 

basis. 

(2) Determine whether this innovative 

approach helps State DOTs deliver 

Federal-aid highway projects with more 

efficiency and effectiveness. 

(3) Assess whether this approach 

helps FHWA realize process efficiencies 

through flexible Federal share amounts. 

Pilot Program Description 

The Federal-aid highway program 

supports States by providing financial 

assistance for the design, construction, 

preventive maintenance, and other 

federally eligible costs associated with 

about 25 percent of the 3.9 million mile 

highway network of the United States, 

which includes the Interstate Highway 

System and the National Highway 

System, as well as primary highways 

and other major collector roads. Federal 

funds and obligation authority are 

distributed to the State DOTs, which act 

on behalf of the States in accordance 

with 23 U.S.C. 145, 302, and 23 Code of 

Federal Regulations (CFR) 1.3. The Pilot 

Program will test the impact of flexible 

Federal share funding on project 

delivery efficiency and effectiveness. 

Application and Submission 

In accordance with 23 U.S.C. 

120(l)(2)(C)(i), applications must 

include the information below. 

Incomplete applications will not be 

considered. The FHWA may ask any 

applicant to supplement data in its 

application but expects the applications 

to be complete upon submission. The 

FHWA will expect State DOTs to 

provide additional information 

described in the participant selection 

section, if requested. Applications must 

include the following information for it 

to be considered for the Pilot Program: 

Title page: The title page must 

include the State DOT’s name, address, 

Federal program funding size, total 

program funding size (Federal plus 

other), and primary point of contact for 

the Pilot Program. 

Structure: The State DOT must show 

its organizational structure and clearly 

articulate how its organizational 

structure is adequately staffed and 

suitably equipped to administer this 

Pilot Program. 

Narrative: The narrative must include 

and address the following: 

(1) Describe and quantify how 

participation in the Pilot Program will 

accelerate project delivery and improve 

efficiency and accessibility to the 

benefits derived from the Federal-aid 

highway program, generally and 

specifically regarding program 

administration in the applicant’s State. 

The benefits discussion must address 

the anticipated overall program and 

project delivery cost and scheduled 

savings. The State DOT should identify 

administrative impediments or delays 

associated with the current project 

delivery and oversight process that 

would be modified or eliminated under 

the Pilot Program. 

(2) Describe and quantify how 

participation in the Pilot Program will 

provide added value to the State DOT, 

FHWA, project delivery and the 

communities served by the 

transportation projects. 

(3) Describe how the State DOT will 

evaluate the effects of applicable 

Federal-aid project delivery 

requirements on the State DOT’s project 

delivery capacity under the Pilot 

Program. In doing so, the State DOT 

should consider comparing the costs 

and efficiency of project delivery using 

historical information under the 

authorized Federal share requirements 

and using the Pilot Program flexibilities. 

Certification: A certification statement 

that the State DOT has the capacity and 

internal control to administer the Pilot 

Program in accordance with the 

applicable requirements including 

adequate financial controls to allow the 

State to determine the average annual 

Federal share requirements under the 

Pilot Program. 

This information collection has been 

approved by Office of Management and 

Budget (OMB) under #2125–0670. 

Notwithstanding any other provision of 

law, no person is required to respond to, 

nor shall any person be subject to a 

penalty for failure to comply with, a 

collection of information subject to the 

Paperwork Reduction Act, unless that 

collection displays a currently valid 

OMB control number. 

Application Review and Selection 

This section outlines the process and 

factors that FHWA will use to evaluate 

and select applicants to participate in 

the Pilot Program. The FHWA will use 

the following rating factors, each of 

which is of equal importance, for the 

selection of Pilot Program participants. 

Rating Factors 

(1) Anticipated project delivery cost 

savings. 

(2) Anticipated project delivery time 

savings. 

(3) Added value of the proposed 

approaches to the State DOT, FHWA, 

project delivery and the communities 

served by the transportation projects 

(e.g., fosters effective and efficient 

stewardship and oversight as well as 

integrity of the Federal-aid Highway 

Program funds; promotes sustainability; 

or captures higher impact 

opportunities). 

(4) Evaluation of the State DOT’s 

financial management (i.e., accounting) 

and project delivery systems in 

accordance with 23 U.S.C. 106(g)(2)(A) 

and (g)(3). 

(5) Compliance assessment of the 

State DOT’s financial controls and 

project delivery program in accordance 

with government-wide requirements in 

2 CFR 200.302–303. 

After determining eligibility, FHWA 

will evaluate proposals and make 

selections using the rating factors 

described above to determine the 

applications that are in the best interest 

of FHWA. The FHWA will then select 

the State DOTs eligible as Pilot Program 

participants. The FHWA will accept 

proposals throughout the duration of the 

Pilot Program. 

Performance of Pilot Program 

Participants 

A State DOT selected to participate in 

the Pilot Program will assume 

responsibility for compliance with all 

procedural and substantive Federal 

requirements as would apply to the 

Pilot Program. These requirements 

include Pilot Program specific reporting, 

regular Federal-aid reporting, 

construction administration, financial 

administration, performance 

management, and all other applicable 

Federal requirements, unless FHWA 

determines that such assumption of 

responsibility for one or more of the 


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Federal Register / Vol. 89, No. 19 / Monday, January 29, 2024 / Notices 5603 

procedural or substantive requirements 

is not appropriate. Each State DOT 

selected for the Pilot Program must 

work with FHWA to develop and 

implement a plan to collect information 

and report on the State DOT’s 

performance with respect to the relevant 

objectives outlined in the Pilot Program. 

Each participating State DOT will 

enter into a memorandum of agreement 

(MOA) with FHWA. The MOA will 

require the State DOT to provide to 

FHWA any information that FHWA 

considers necessary to ensure that the 

State DOT carries out the requirements 

of the Pilot Program. The MOA shall not 

extend beyond September 30, 2026. 

To ensure compliance with the Pilot 

Program by participating State DOTs, 

FHWA may conduct audits, reviews, 

and assessments during the Pilot 

Program. Such audits will be in addition 

to any of FHWA’s other stewardship 

and oversight responsibilities relating to 

the Pilot Program, as well as any other 

projects or other activities carried out 

under the Pilot Program. 

The FHWA will assess the 

partnership developed under this Pilot 

Program in accordance with existing 

requirements. The FHWA may 

terminate a MOA with State or a Pilot 

Program within a State at any time for 

failure to comply with requirements of 

23 U.S.C. 120(l) or for any reason 

consistent with 2 CFR 200.339, 

including, but not limited to, inadequate 

performance or resources to administer 

the Pilot Program. The participating 

State DOT may also terminate the Pilot 

Program upon FHWA’s receipt of a 90- 

day notice from a State DOT. 

Authority: 23 U.S.C. 120(l); Sec. 

11107, Pub. L. 117–58, Stat. 459. 

Shailen P. Bhatt, 

Administrator, Federal Highway 

Administration. 

[FR Doc. 2024–01696 Filed 1–26–24; 8:45 am] 

BILLING CODE 4910–22–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Actions 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of one or more persons that have been 

placed on OFAC’s Specially Designated 

Nationals and Blocked Persons List 

(SDN List) based on OFAC’s 

determination that one or more 

applicable legal criteria were satisfied. 

All property and interests in property 

subject to U.S. jurisdiction of these 

persons are blocked, and U.S. persons 

are generally prohibited from engaging 

in transactions with them. 

DATES: See SUPPLEMENTARY INFORMATION

section for effective date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Bradley Smith, Director, tel.: 

202–622–2490; Associate Director for 

Global Targeting, tel.: 202–622–2420; 

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel.: 202–622–4855; 

or Assistant Director for Sanctions 

Enforcement, Compliance & Analysis, 

tel.: 202–622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The SDN List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (ofac.treasury.gov). 

Notice of OFAC Action(s) 

On January 22, 2024, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked under the relevant sanctions 

authority listed below. 

BILLING CODE 4810–AL–P 


ddrumheller on DSK120RN23PROD with NOTICES1