6000 Federal Register / Vol. 65, No. 26 / Tuesday, February 8, 2000 / Rules and Regulations

Interested parties were invited to

participate in this rulemaking

proceeding by submitting written

comments on the proposal to the FAA.

No comments objecting to the proposal

were received.

The Rule

This amendment to part 71 of the

Federal Aviation Regulations (14 CFR

part 71) amends Class E airspace at

London, KY, for the Manchester

Memorial Hospital.

The FAA has determined that this

regulation only involves an established

body of technical regulations for which

frequent and routine amendments are

necessary to keep them operationally

current. It, therefore, (1) is not a

‘‘significant regulatory action’’ under

Executive Order 12866; (2) is not a

‘‘significant rule’’ under DOT

Regulatory Policies and Procedures (44

FR 11034; February 26, 1979); and (3)

does not warrant preparation of a

Regulatory Evaluation, as the

anticipated impact is so minimal. Since

this is a routine matter that will only

affect air traffic procedures and air

navigation, it is certified that this rule

will not have a significant economic

impact on a substantial number of small

entities under the criteria of the

Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by Reference,

Navigation (air).

Adoption of the Amendment

In consideration of the foregoing, the

Federal Aviation Administration

amends 14 CFR part 71 as follows:

PART 71—DESIGNATION OF CLASS A,

CLASS B, CLASS C, CLASS D AND

CLASS E AIRSPACE AREAS;

AIRWAYS; ROUTES; AND REPORTING

POINTS

1. The authority citation for 14 CFR

part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113,

40120: EO 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., P. 389.

§ 71.1 [Amended]

2. The incorporation by reference in

14 CFR 71.1 of Federal Aviation

Adminsitration Order 7400.9G, Airspace

Designations and Reporting Points,

dated September 1, 1999, and effective

September 16, 1999, is amended as

follows:

Paragraph 6005 Class E Airspace Areas

Extending Upward form 700 feet or More

above the Surface of the Earth.

* * * * *

ASO KY E5 London, KY [Revised]

London—Corbin Airport—Magee Field, KY

(Lat 37°05′14′′ N, long. 84°04′37′′ W)

Manchester memorial Hospital, Manchester,

KY

Point in Space Coordinates

(Lat 37°10′28′′ N, long. 83°46′35′′ W)

That airspace extending upward from 700

feet or more above the surface with an

11-mile radius of London—Corbin—Magee

Field and that airspace within a 6-mile radius

of the point in space (lat. 37°10′28′′ N, long.

83°46′35′′ W) serving Manchester Memorial

Hospital, Manchester, KY.

* * * * *

Issued in College Park, Georgia, on January

20, 2000.

Wade T. Carpenter,

Acting Manager, Air Traffic Division Southern

Region.

[FR Doc. 00–2773 Filed 2–7–00; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 99–ASO–25]

Amendment of Class E Airspace;

Lexington, KY

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Final rule.

SUMMARY: This amendment modifies

Class E airspace at Lexington, KY. A

Global Positioning System (GPS)

Standard Instrument Approach

Procedure (SIAP) has been developed

for Saint Joseph’s Hospital and The

University of Kentucky Medical Center,

Lexington, KY. As a result, additional

controlled airspace extending upward

from 700 feet Above Ground Level

(AGL) is needed to accommodate the

SIAP and for Instrument Flight Rules

(IFR) operations at Saint Joseph’s

Hospital and The University of

Kentucky Medical Center.

EFFECTIVE DATE: 0901 UTC, April 20,

2000.

FOR FURTHER INFORMATION CONTACT:

Nancy B. Shelton, Manager, Airspace

Branch, Air Traffic Division, Federal

Aviation Administration, P.O. Box

20636, Atlanta, Georgia 30320;

telephone (404) 305–5627.

SUPPLEMENTARY INFORMATION:

History

On December 17, 1999, the FAA

proposed to amend part 71 of the

Federal Aviation Regulations (14 CFR

part 71) by amending Class E Airspace

at Lexington, KY (64 FR 70611). This

action provides adequate Class E

airspace for IFR operations at the Saint

Joseph’s Hospital and The University of

Kentucky Medical Center. Designations

for Class E airspace extending upward

from 700 feet or more above the surface

and published in FAA Order 7400.9G,

dated September 1, 1999, and effective

September 16, 1999, which is

incorporated by reference in 14 CFR

part 71.1. The Class E designation listed

in this document will be published

subsequently in the Order.

Interested parties were invited to

participate in this rulemaking

proceeding by submitting written

comments on the proposal to the FAA.

No comments objecting to the proposal

were received.

The Rule

This amendment to part 71 of the

Federal Aviation Regulations (14 CFR

part 71) amends Class E airspace at

Lexington, KY, for the Saint Joseph’s

Hospital and The University of

Kentucky Medical Center.

The FAA has determined that this

regulation only involves an established

body of technical regulations for which

frequent and routine amendments are

necessary to keep them operationally

current. It, therefore, (1) Is not a

‘‘significant regulatory action’’ under

Executive Order 12866; (2) Is not a

‘‘significant rule’’ under DOT

Regulatory Policies and Procedures (44

FR 11304; February 26, 1979); and (3)

Does not warrant preparation of a

Regulatory Evaluation, as the

anticipated impact is so minimal. Since

this is a routin matter that will only

affect air traffic procedures and air

navigation, it is certified that this rule

will not have a significant economic

impact on a substantial number of small

entities under the criteria of the

Regulatory Flexibility Act.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by Reference,

Navigation (air).

Adoption of the Amendment

In consideration of the foregoing, the

Federal Aviation Administration

amends 14 CFR part 71 as follows:

PART 71—DESIGNATION OF CLASS A,

CLASS B, CLASS C, CLASS D AND

CLASS E AIRSPACE AREAS;

AIRWAYS; ROUTES; AND REPORTING

POINTS

1. The authority citation for 14 CFR

part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113,

40120; EO 10854, 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389.

Federal Register / Vol. 65, No. 26 / Tuesday, February 8, 2000 / Rules and Regulations 6001

§ 71.1 [Amended]

2. The incorporation by reference in

14 CFR 71.1 of Federal Aviation

Administration Order 7400.9G, Airspace

Designations and Reporting Points,

dated September 1, 1999, and effective

September 16, 1999, is amended as

follows:

Paragraph 6005 Class E Airspace Areas

Extending Upward from 700 feet or More

above the Surface of the Earth.

* * * * *

ASO KY E5 Lexington, KY [Revised]

Lexington, Blue Grass Airport, KY

(Lat. 38°02′13′′ N, long. 84°36′20′′ W)

Saint Joseph’s Hospital and The University of

Kentucky Medical Center, Lexington, KY

Point In Space Coordinates

(Lat. 38°01′15′′ N, long. 84°30′59′′ W)

That airspace extending upward from 700

feet or more above the surface within a

7-mile radius of Blue Grass Airport and that

airspace within a 6-mile radius of the point

in space (Lat. 38°01′15′′ N, long. 84°30′ 59′′

W) serving Saint Joseph’s Hospital and the

University of Kentucky Medical Center,

Lexington, KY.

* * * * *

Issued in College Park, Georgia, on January

20, 2000.

Wade T. Carpenter,

Acting Manager, Air Traffic Division Southern

Region

[FR Doc. 00–2772 Filed 2–7–00; 8:45 am]

BILLING CODE 4910–13–M

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1, 35, and 602

[TD 8873]

RIN 1545–AW78

New Technologies in Retirement Plans

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Final regulations.

SUMMARY: This document contains

amendments to the regulations

governing certain notices and consents

required in connection with

distributions from retirement plans.

Specifically, these regulations set forth

applicable standards for the

transmission of those notices and

consents through electronic media and

modify the timing requirements for

providing certain distribution-related

notices. The regulations provide

guidance to plan sponsors and

administrators by interpreting the notice

and consent requirements in the context

of the electronic administration of

retirement plans. The regulations affect

retirement plan sponsors,

administrators, and participants.

DATES: Effective Date: These regulations

are effective January 1, 2001.

Applicability Date: These regulations

apply to plan years beginning on or after

January 1, 2001.

FOR FURTHER INFORMATION CONTACT:

Catherine Livingston Fernandez, (202)

622–6030 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Paperwork Reduction Act

The collection of information

contained in these final regulations has

been reviewed and approved by the

Office of Management and Budget in

accordance with the Paperwork

Reduction Act (44 U.S.C. 3507) under

control number 1545–1632. Responses

to this collection of information are

mandatory.

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information

unless the collection of information

displays a valid control number.

The estimated annual burden per

respondent and/or recordkeeper is 76

minutes.

Comments concerning the accuracy of

this burden estimate and suggestions for

reducing this burden should be sent to

the Internal Revenue Service, Attn: IRS

Reports Clearance Officer, OP:FS:FP,

Washington, DC 20224, and to the

Office of Management and Budget, Attn:

Desk Officer for the Department of the

Treasury, Office of Information and

Regulatory Affairs, Washington, DC

20503.

Books or records relating to this

collection of information must be

retained as long as their contents may

become material in the administration

of any internal revenue law. Generally,

tax returns and tax return information

are confidential, as required by 26

U.S.C. 6103.

Background

This document contains amendments

to the Income Tax Regulations (26 CFR

parts 1 and 35) under sections 402(f),

411(a)(11) and 3405(e)(10)(B). The

regulations under section 3405(e)(10)(B)

(new Q/A d–35 and d–36 of section

35.3405–1), like the regulations under

sections 402(f) and 411(a)(11) are final

regulations. These regulations finalize

proposed regulations that were

published as a notice of proposed

rulemaking (REG–118662–98) in the

Federal Register (63 FR 70071) on

December 18, 1998. A public hearing

was held on the proposed regulations on

April 15, 1999.

In addition to the proposed

regulations, the IRS and Treasury issued

Notice 99–1 (1999–2 I.R.B. 8), and

Announcement 99–6 (1999–4 I.R.B. 24),

concerning the use of electronic media

under retirement plans. Notice 99–1

confirms that the ‘‘paperless’’

administration of participant

enrollments, contribution elections,

investment elections, beneficiary

designations (other than designations

requiring spousal consent), direct

rollover elections, and certain other

transactions do not cause a qualified

plan to fail to satisfy the requirements

of section 401(a) (or the requirements

for a qualified cash or deferred

arrangement under section 401(k)).

Announcement 99–6 authorizes the

electronic transmission of Form W–4P.

The proposed regulations, Notice 99–

1, and Announcement 99–6 were issued

pursuant to section 1510 of the

Taxpayer Relief Act of 1997. That

section provides for the Secretary of the

Treasury to issue guidance designed to

interpret the notice, election, consent,

disclosure, time, and related

recordkeeping requirements under the

Code and the Employee Retirement

Income Security Act of 1974 (ERISA)

regarding the use of new technologies

by sponsors and administrators of

retirement plans and to clarify the

extent to which writing requirements

under the Code relating to retirement

plans permit paperless transactions.

Section 1510 provides that the guidance

must protect participant and beneficiary

rights. Any final regulations applicable

to this guidance may not be effective

until the first plan year beginning at

least six months after issuance as final

regulations.

Explanation of Provisions

General

Commentators generally praised the

approach taken in the proposed

regulations of providing broad, flexible

standards for the transmission of certain

notices and consent required for

distributions through electronic media.

Commentators stated that the guidelines

set forth in the proposed regulations

facilitate the expanded use of new

technologies and recognize the

likelihood of future technological

advances in plan administration.

Accordingly, the final regulations retain

this approach and:

• Permit electronic delivery of the

notice of distribution options and the

right to defer distribution under section

411(a)(11), the rollover notice under

section 402(f), and the withholding

notice under section 3405(e)(10)(B);