1782 Federal Register / Vol. 62, No. 8 / Monday, January 13, 1997 / Notices

NEIGHBORHOOD REINVESTMENT

CORPORATION

Sunshine Act Meeting

TIME & DATE: 2:30 p.m., Thursday,

January 23, 1997.

PLACE: Neighborhood Reinvestment

Corporation, 1325 G Street, N.W., Suite

800, Board Room, Washington, D.C.

20005.

STATUS: Open/Closed.

CONTACT PERSON FOR MORE INFORMATION:

Jeffrey T. Bryson, General Counsel/

Secretary, 202/376–2441.

AGENDA:

I. Call to Order

II. Approval of Minutes:

October 17, 1996, Regular Meeting

III. Audit Committee Report:

January 17, 1997 Meeting

a. Financial Statements and Independent

Auditor’s Report, September 30, 1996 &

1995

b. OMB Circular A–133 Report for FY 1996

c. Update Internal Audit Director Search

(Oral Report)

IV. Treasurer’s Report

V. Executive Director’s Quarterly

Management Report

VI. Personnel Committee Meeting:

November 21, 1996, Closed Meeting

VII. Adjourn

Jeffrey T. Bryson,

General Counsel Secretary.

[FR Doc. 97–834 Filed 1–9–97; 10:55 am]

BILLING CODE 7570–01–M

NUCLEAR REGULATORY

COMMISSION

[Docket No. 72–20]

U.S. Department of Energy; Notice of

Consideration of Issuance of a

Materials License for the Storage of

Spent Fuel and Notice of Opportunity

for a Hearing

The Nuclear Regulatory Commission

is considering an application dated

October 31, 1996, for a materials license,

under the provisions of 10 CFR Part 72,

from the U.S. Department of Energy (the

applicant or DOE) to possess spent fuel

and other radioactive materials

associated with spent fuel storage in an

independent spent fuel storage

installation (ISFSI) located in Butte

County, Idaho, within the Idaho

National Engineering Laboratory (INEL)

complex. If granted, the license will

authorize the applicant to store spent

fuel from the Three Mile Island Unit 2

reactor in a dry storage cask system at

the ISFSI which the applicant proposes

to construct and operate at the Idaho

Chemical Processing Plant site within

INEL. Pursuant to the provisions of 10

CFR Part 72, the term of the license for

the ISFSI would be twenty (20) years.

Prior to issuance of the requested

license, the NRC will have made the

findings required by the Atomic Energy

Act of 1954, as amended (the Act), and

the NRC’s rules and regulations. The

issuance of the materials license will

not be approved until the NRC has

reviewed the application and has

concluded that approval of the license

will not be inimical to the common

defense and security and will not

constitute an unreasonable risk to

public health and safety. The NRC, in

accordance with 10 CFR 51.20(b)(9),

will complete an environmental impact

statement. This action will be the

subject of a subsequent notice in the

Federal Register. Pursuant to 10 CFR

2.105, by February 12, 1997, the

applicant may file a request for a

hearing; and any person whose interest

may be affected by this proceeding and

who wishes to participate as a party in

the proceeding must file a written

request for a hearing and a petition for

leave to intervene with respect to the

subject materials license in accordance

with the provisions of 10 CFR 2.714. If

a request for hearing or petition for

leave to intervene is filed by the above

date, an Atomic Safety and Licensing

Board designated by the Commission or

by the Chairman of the Atomic Safety

and Licensing Board Panel will rule on

the request and/or petition, and the

Secretary or the designated Atomic

Safety and Licensing Board will issue a

notice of hearing or an appropriate

order. In the event that no request for

hearing or petition for leave to intervene

is filed by the above date, the NRC may,

upon satisfactory completion of all

required evaluations, issue the materials

license without further prior notice.

A petition for leave to intervene shall

set forth with particularity the interest

of the petitioner in the proceeding and

how that interest may be affected by the

results of the proceeding. The petition

should specifically explain the reasons

why intervention should be permitted

with particular reference to the

following factors: (1) The nature of the

petitioner’s right under the Act to be

made a party to the proceeding; (2) the

nature and extent of the petitioner’s

property, financial, or other interest in

the proceeding; and (3) the possible

effect of any order that may be entered

in the proceeding on the petitioner’s

interest. The petition should also

identify the specific aspect(s) of the

subject matter of the proceeding as to

which petitioner wishes to intervene.

Any person who has filed a petition for

leave to intervene or who has been

admitted as a party may amend a

petition, without requesting leave of the

Board, up to 15 days prior to the

holding of the first pre-hearing

conference scheduled in the proceeding,

but such an amended petition must

satisfy the specificity requirements

described above.

Not later than fifteen (15) days prior

to the first pre-hearing conference

scheduled in the proceeding, a

petitioner shall file a supplement to the

petition to intervene which must

include a list of contentions which are

sought to be litigated in the matter. Each

contention must consist of a specific

statement of the issue of law or fact to

be raised or controverted. In addition,

the petitioner shall provide a brief

explanation of the bases of the

contention and a concise statement of

the alleged facts or expert opinion

which support the contention and on

which the petitioner intends to rely in

proving the contention at the hearing.

The petitioner must also provide

references to those specific sources and

documents of which the petitioner is

aware and on which the petitioner

intends to rely to establish those facts or

expert opinion. Petitioner must provide

sufficient information to show that a

genuine dispute exists with the

applicant on a material issue of law or

fact. Contentions shall be limited to

matters within the scope of the action

under consideration. The contention

must be one which, if proven, would

entitle the petitioner to relief. A

petitioner who fails to file such a

supplement which satisfied these

requirements with respect to at least one

contention will not be permitted to

participate as a party.

Those permitted to intervene become

parties to the proceeding, subject to any

limitations in the order granting leave to

intervene, and have the opportunity to

participate fully in the conduct of the

hearing.

A request for a hearing or a petition

for leave to intervene must be filed with

the Secretary of the Commission, U.S.

Nuclear Regulatory Commission,

Washington, DC 20555, Attention:

Docketing and Services Branch, or may

be delivered to the Commission’s Public

Document Room, Gelman Building,

2120 L Street, NW., Washington, DC, by

the above date. Where petitions are filed

during the last ten (10) days of the

notice period, it is requested that the

petitioner promptly so inform the NRC

by a toll-free telephone call to Western

Union at 1–(800) 248–5100 (in Missouri

1–(800) 342–6700). The Western Union

operator should be given Datagram

Identification Number N1023 and the

following message addressed to Mr.

Charles J. Haughney, Acting Director,

Spent Fuel Project Office, Office of
Federal Register / Vol. 62, No. 8 / Monday, January 13, 1997 / Notices 1783

Nuclear Material Safety and Safeguards;

petitioner’s name and telephone

number; date petition was mailed; and

publication date and page number of

this Federal Register notice. A copy of

the petition should also be sent to the

Office of the General Counsel, U.S.

Nuclear Regulatory Commission,

Washington, DC 20555, as well as the

applicant’s legal counsel, Robin A.

Henderson, U.S. Department of Energy,

1000 Independence Avenue, SW., GC–

52, Washington, DC 20585; and Simon

S. Martin, U.S. Department of Energy,

Idaho Operations Office, 850 Energy

Drive, MS–1209, Idaho Falls, ID 83401.

Non-timely filings of petitions for

leave to intervene, amended petitions,

supplemental petitions, and/or requests

for hearing will not be entertained

absent a determination by the

Commission, the presiding officer, or

the presiding Atomic Safety and

Licensing Board that the petition and/or

request should be granted based upon a

balancing of the factors specified in 10

CFR 2.714(a)(1) (i)–(v) and 2.714(d).

For further details with respect to this

action, see the application dated

October 31, 1996, which is available for

public inspection at the Commission’s

Public Document Room, 2120 L Street,

NW., Washington, DC 20555. The

Commission’s license and safety

evaluation report, when issued, may be

inspected at this location. If the

Commission decides to establish a local

public document room in a community

near the proposed facility, an option

currently under consideration, the

license and safety evaluation report will

also be available at this location.

Dated at Rockville, Maryland, this 6th day

of January 1997.

For the U.S. Nuclear Regulatory

Commission.

Charles J. Haughney,

Acting Director, Spent Fuel Project Office,

Office of Nuclear Material Safety and

Safeguards.

[FR Doc. 97–719 Filed 1–10–97; 8:45 am]

BILLING CODE 7590–01–P

[Docket Nos. 50–255, 50–266, 50–301, 50–

313, 50–368, 72–5, 72–7, 72–13, 72–1007]

All Users of VSC–24 Dry Storage

Systems; Receipt of Petition for

Director’s Decision Under 10 CFR

2.206

Notice is hereby given that by a

Petition filed pursuant to 10 CFR 2.206,

on October 18, 1996, Eleanor Roemer,

Esq., for Lake Michigan Federation, and

Dr. Mary P. Sinclair, for Don’t Waste

Michigan, requested that the U.S.

Nuclear Regulatory Commission order

all users of Ventilated Storage Casks

(VSC–24s) to refrain from loading any

casks until the certificate of compliance

(COC), safety analysis report (SAR), and

safety evaluation report (SER) are

amended to include operating controls

and limits to prevent hazardous

conditions. Such conditions include the

generation of explosive gases, caused by

the interaction between the VSC

materials and the environments,

encountered during loading, storage,

and unloading.

Further, Petitioners claim the VSC–

24s should not be used until: (i) An

independent third-party review team

has examined the safety issues they

raise; (ii) the potential impacts of all

material aspects of the casks have been

fully assessed; (iii) there is experimental

verification of temperature calculations

and heat transfer assessments and other

design assumptions; (iv) the safety of

the material coatings on components

and structures has been justified; and (v)

the SAR, SER, and COC are amended to

include the necessary operating control

and limits to direct safe use of the VSC–

24.

The Petition has been referred to the

Office of Nuclear Material Safety and

Safeguards. As provided by 10 CFR

2.206, appropriate action will be taken

within a reasonable time. A copy of the

Petition is available for inspection at the

Commission’s Public Document Room

at 2120 L Street, NW., Washington, DC

20555.

Dated at Rockville, Maryland this 10th day

of December 1996.

For the Nuclear Regulatory Commission.

Carl J. Paperiello,

Director, Office of Nuclear Material Safety

and Safeguards.

[FR Doc. 97–717 Filed 1–10–97; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Investment Company Act Release No.

22441; 812–10300]

The OFFITBANK Investment Fund, Inc.,

et al.; Notice of Application

January 6, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of Application for an

Order under the Investment Company

Act of 1940 (the ‘‘Act’’).

APPLICANTS: The OFFITBANK

Investment Fund, Inc. (‘‘OFFITBANK

Fund’’), on behalf of OFFITBANK Total

Return Fund (‘‘TRF’’), and on behalf of

OFFITBANK High Yield Fund,

OFFITBANK Emerging Markets Fund,

OFFITBANK Latin America Total

Return Fund, OFFITBANK Investment

Grade Global Debt Fund, OFFITBANK

Global Convertible Fund, OFFITBANK

California Municipal Fund,

OFFITBANK New York Municipal

Fund, and OFFITBANK National

Municipal Fund, and any future series;

The OFFITBANK Variable Insurance

Fund, Inc. (‘‘OFFITBANK VIF’’), on

behalf of OFFITBANK VIF–Total Return

Fund (‘‘VTRF’’ and, together with TRF,

the ‘‘Parent Funds’’) and OFFITBANK

VIF–High Yield Fund, OFFITBANK

VIF–Emerging Markets Fund,

OFFITBANK VIF–U.S. Government

Securities Fund, OFFITBANK VIF–

Investment Grade Global Debt Fund,

OFFITBANK VIF–High Grade FixedIncome Fund, and OFFITBANK VIF–

Global Convertible Fund, and any future

series; each open-end management

investment company or series thereof to

be organized in the future and which is

advised by OFFITBANK (each such

company or series, other than TRF and

VTRF, an ‘‘Underlying Fund,’’ and

collectively, the ‘‘Underlying Funds’’);

and OFFITBANK (‘‘OFFITBANK’’).

RELEVANT ACT SECTIONS: Order requested

under section 12(d)(1)(J) of the Act

exempting applicants from section

12(d)(1) of the Act, and under sections

6(c) and 17(b) of the Act exempting

applicants from section 17(a) of the Act.

SUMMARY OF APPLICATION: The requested

order would permit each Parent Fund to

invest all or a portion of its assets in the

Underlying Funds in excess of the

percentage limitations of section 12(d)

(1).

FILING DATES: The application was filed

on August 16, 1996, and amended on

December 17, 1996.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the SEC orders a hearing.

Interested persons may request a

hearing by writing to the SEC’s

Secretary and serving applicants with a

copy of the request, personally or by

mail. Hearing requests should be

received by the SEC by 5:30 p.m. on

January 31, 1997, and should be

accompanied by proof of service on

applicants, in the form of an affidavit,

or, for lawyers, a certificate of service.

Hearing requests should state the nature

of the writer’s interest, the reason for the

request, and the issues contested.

Persons may request notification of a

hearing by writing to the SEC’s

Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth

Street, N.W., Washington, D.C. 20549.

Applicants: OFFITBANK Fund and

OFFITBANK VIF, 125 W. 55th Street,