13404 Federal Register / Vol. 62, No. 54 / Thursday, March 20, 1997 / Notices

unborated water was accomplished

through the use of Boraflex, a neutron

absorber. However, recent tests have

indicated that the Boraflex is showing

degradation induced by gamma

radiation. Maintaining boron

concentration of 2000 parts per million

in the spent fuel pool is more than

sufficient to ensure that the keff is

maintained below 0.95.

Environmental Impacts of the Proposed

Action

The Commission has completed its

evaluation of the proposed action and

concludes that the licensee’s proposal to

take credit for soluble boron in the spent

fuel pool water to maintain keff less than

or equal to 0.95 is acceptable.

The change will not increase the

probability or consequences of

accidents, no changes are being made in

the types of any effluents that may be

released offsite, and there is no

significant increase in the allowable

individual or cumulative occupational

radiation exposure. Accordingly, the

Commission concludes that there are no

significant radiological environmental

impacts associated with the proposed

action.

With regard to potential

nonradiological impacts, the proposed

action involves features located entirely

within the restricted area as defined in

10 CFR Part 20. It does not affect

nonradiological plant effluents and has

no other environmental impact.

Accordingly, the Commission concludes

that there are no significant

nonradiological environmental impacts

associated with the proposed action.

Alternatives to the Proposed Action

Since the Commission has concluded

there is no measurable environmental

impact associated with the proposed

action, any alternatives with equal or

greater environmental impact need not

be evaluated. As an alternative to the

proposed action, the staff considered

denial of the proposed action. Denial of

the application would result in no

change in current environmental

impacts. The environmental impacts of

the proposed action and the alternative

action are similar.

Alternative Use of Resources

This action does not involve the use

of any resources not previously

considered in the Final Environmental

Statement for the Byron Station, Units 1

and 2, and Braidwood Station, Units 1

and 2.

Agencies and Persons Consulted

In accordance with its stated policy,

on February 11, 1997, the staff

consulted with Frank Niziolek of the

Illinois Department of Nuclear Safety,

regarding the environmental impact of

the proposed action. The State official

had no comments.

Finding of No Significant Impact

Based upon the environmental

assessment, the Commission concludes

that the proposed action will not have

a significant effect on the quality of the

human environment. Accordingly, the

Commission has determined not to

prepare an environmental impact

statement for the proposed action.

For further details with respect to the

proposed action, see the licensee’s letter

dated November 5, 1996, which is

available for public inspection at the

Commission’s Public Document Room,

The Gelman Building, 2120 L Street,

NW., Washington, DC, and at the local

public document rooms located at: for

Byron, the Byron Public Library District,

109 N. Franklin, P.O. Box 434, Byron,

Illinois 61010; for Braidwood, the

Wilmington Public Library, 201 S.

Kankakee Street, Wilmington, Illinois

60481.

Dated at Rockville, Maryland, this 13th day

of March 1997.

For the Nuclear Regulatory Commission.

Robert A. Capra,

Director, Project Directorate III–2, Division

of Reactor Projects—III/IV, Office of Nuclear

Reactor Regulation.

[FR Doc. 97–7060 Filed 3–19–97; 8:45 am]

BILLING CODE 7590–01–P

Advisory Committee on Reactor

Safeguards; Meeting Notice

In accordance with the purposes of

Sections 29 and 182b. of the Atomic

Energy Act (42 U.S.C. 2039, 2232b), the

Advisory Committee on Reactor

Safeguards will hold a meeting on April

3–5, 1997, in Conference Room T–2B3,

11545 Rockville Pike, Rockville,

Maryland. The date of this meeting was

previously published in the Federal

Register on Thursday, January 23, 1997

(62 FR 3539).

Thursday, April 3, 1997

8:30 A.M.–8:45 A.M.: Opening Remarks by

the ACRS Chairman (Open)—The ACRS

Chairman will make opening remarks

regarding conduct of the meeting and

comment briefly regarding items of current

interest. During this session, the Committee

will discuss priorities for preparation of

ACRS reports.

8:45 A.M.–9:45 A.M.: Proposed Regulatory

Approach Associated with Steam Generator

Integrity (Open)—The Committee will hear

presentations by and hold discussions with

representatives of the NRC staff regarding the

proposed regulatory approach for dealing

with steam generator integrity issues.

Representatives of the nuclear industry

will participate, as appropriate.

10:00 A.M.–11:30 A.M.: Consequences of

Reactor Water Cleanup System Line Break

Outside Containment (Open)—The

Committee will hear presentations by and

hold discussions with representatives of the

NRC staff regarding the results of the study

performed by the staff on the consequences

of reactor water cleanup system line break

outside containment.

Representatives of the nuclear industry

will participate, as appropriate.

11:30 A.M.–11:45 A.M.: Subcommittee

Report (Open)—The Committee will hear a

report by the Chairman of the ThermalHydraulic Phenomena Subcommittee

regarding the items discussed during the

March 28, 1997 subcommittee meeting.

11:45 A.M.–12:00 Noon: Reconciliation of

ACRS Comments and Recommendations

(Open)—The Committee will discuss

responses from the NRC Executive Director

for Operations (EDO) to comments and

recommendations included in recent ACRS

reports. The EDO responses are expected to

be provided to the ACRS prior to the

meeting.

1:00 P.M.–2:30 P.M.: Proposed Regulatory

Guidance Related to Implementation of 10

CFR 50.59 Requirements (Open)—The

Committee will hear presentations by and

hold discussions with representatives of the

NRC staff regarding the proposed regulatory

guidance for assessing the adequacy of the

licensees process for implementing the

requirements of 10 CFR 50.59, ‘‘Changes,

Tests and Experiments.’’

Representatives of the nuclear industry

will participate, as appropriate.

2:45 P.M.–6:30 P.M.: Preparation of ACRS

Reports (Open)—The Committee will discuss

proposed ACRS reports on matters

considered during this meeting, as well as

proposed reports considered during previous

meetings on issues such as shutdown

operations risk and plant-specific safety

goals.

Friday, April 4, 1997

8:30 A.M.–8:35 A.M.: Opening Remarks by

the ACRS Chairman (Open)—The ACRS

Chairman will make opening remarks

regarding conduct of the meeting.

8:35 A.M–10:00 A.M.: Boraflex Degradation

in Spent Fuel Pool Storage Racks (Open)—

The Committee will hear presentations by

and hold discussions with representatives of

the NRC staff regarding the resolution of

issues associated with the degradation of

Boraflex used in spent fuel pool storage racks

and licensee responses to Generic Letter 96–

04, ‘‘Boraflex Degradation in Spent Fuel

Storage Racks.’’

Representatives of the nuclear industry

will participate, as appropriate.

10:15 A.M.–11:45 A.M.: Use of Potassium

Iodide After a Severe Accident (Open)—The

Committee will hear presentations by and

hold discussions with the representatives of

the NRC staff regarding the NRC policy on

the use of potassium iodide after a severe

accident and other related issues.

1:15 P.M.–1:45 P.M.: Future ACRS

Activities (Open)—The Committee will

discuss the recommendations of the Planning
Federal Register / Vol. 62, No. 54 / Thursday, March 20, 1997 / Notices 13405

1Rule 17a-8 provides an exemption from section

17(a) for certain reorganizations among registered

investment companies that may be affiliated

persons, or affiliated persons of an affiliated person,

solely by reason of having a common investment

adviser, common directors, and/or common

officers.

and Procedures Subcommittee regarding

items proposed for consideration by the full

Committee during future meetings.

1:45 P.M.–7:00 P.M.: Preparation of ACRS

Reports (Open)—The Committee will

continue its discussion of proposed ACRS

reports on matters considered during this

meeting, as well as proposed reports

considered during previous meetings on

issues such as shutdown operations risk and

plant-specific safety goals.

Saturday, April 5, 1997

8:30 A.M.–9:00 A.M.: Report of the

Planning and Procedures Subcommittee

(Open/Closed)—The Committee will hear a

report of the Planning and Procedures

Subcommittee on matters related to the

conduct of ACRS business and organizational

and personnel matters relating to the ACRS.

[Note: A portion of this session may be

closed to discuss organizational and

personnel matters that relate solely to the

internal personnel rules and practices of this

Advisory Committee, and information the

release of which would constitute a clearly

unwarranted invasion of personal privacy.]

9:00 A.M.–12:00 P.M.: Preparation of ACRS

Reports (Open)—The Committee will

continue its discussion of proposed ACRS

reports on matters considered during this

meeting, as well as proposed reports

considered during previous meetings on

issues such as shutdown operations risk and

plant-specific safety goals.

12:00 P.M.–1:00 P.M.: Strategic Planning

(Open)—The Committee will continue its

discussion of items of significant importance

to NRC, including rebaselining of the

Committee activities for FY 1997.

1:00 P.M.–1:30 P.M.: Miscellaneous

(Open)—The Committee will discuss matters

related to the conduct of Committee activities

and matters and specific issues that were not

completed during previous meetings, as time

and availability of information permits.

Procedures for the conduct of and

participation in ACRS meetings were

published in the Federal Register on October

1, 1996 (61 FR 51310). In accordance with

these procedures, oral or written statements

may be presented by members of the public,

electronic recordings will be permitted only

during the open portions of the meeting, and

questions may be asked only by members of

the Committee, its consultants, and staff.

Persons desiring to make oral statements

should notify Mr. Sam Duraiswamy, Chief,

Nuclear Reactors Branch, at least five days

before the meeting, if possible, so that

appropriate arrangements can be made to

allow the necessary time during the meeting

for such statements. Use of still, motion

picture, and television cameras during this

meeting may be limited to selected portions

of the meeting as determined by the

Chairman. Information regarding the time to

be set aside for this purpose may be obtained

by contacting the Chief of the Nuclear

Reactors Branch prior to the meeting. In view

of the possibility that the schedule for ACRS

meetings may be adjusted by the Chairman

as necessary to facilitate the conduct of the

meeting, persons planning to attend should

check with the Chief of the Nuclear Reactors

Branch if such rescheduling would result in

major inconvenience.

In accordance with Subsection 10(d) P.L.

92–463, I have determined that it is necessary

to close portions of this meeting noted above

to discuss matters that relate solely to the

internal personnel rules and practices of this

Advisory Committee per 5 U.S.C. 552b(c)(2),

and to discuss information the release of

which would constitute a clearly

unwarranted invasion of personal privacy per

5 U.S.C. 552b(c)(6).

Further information regarding topics to be

discussed, whether the meeting has been

cancelled or rescheduled, the Chairman’s

ruling on requests for the opportunity to

present oral statements and the time allotted

therefor can be obtained by contacting Mr.

Sam Duraiswamy, Chief, Nuclear Reactors

Branch (telephone 301/415–7364), between

7:30 A.M. and 4:15 P.M. EST.

ACRS meeting notices, meeting transcripts,

and letter reports are now available on

FedWorld from the ‘‘NRC MAIN MENU.’’

Direct Dial Access number to FedWorld is

(800) 303–9672 or ftp.fedworld. These

documents and the meeting agenda are also

available for downloading or reviewing on

the internet at http://www.nrc.gov/

ACRSACNW.

Dated: March 17, 1997.

Andrew L. Bates,

Advisory Committee Management Officer.

[FR Doc. 97–7058 Filed 3–19–97; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

[Investment Company Act Release No.

22564; 811–5959]

ACM Managed Multi-Market Trust, Inc.;

Notice of Application

March 14, 1997.

AGENCY: Securities and Exchange

Commission (‘‘SEC’’).

ACTION: Notice of application for an

order under the Investment Company

Act of 1940 (the ‘‘Act’’).

APPLICANT: ACM Managed Multi-Market

Trust, Inc.

RELEVANT ACT SECTION: Section 8(f).

SUMMARY OF APPLICATION: Applicant

seeks an order declaring that it has

ceased to be an investment company.

FILING DATES: The application was filed

on July 26, 1996 and was amended on

February 6, 1997.

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 applicant with a

copy of the request, personally or by

mail. Hearing requests should be

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

April 8, 1997, and should be

accompanied by proof of service on

applicant, 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.

Applicant, 1345 Avenue of the

Americas, New York, New York 10105.

FOR FURTHER INFORMATION CONTACT:

Elaine M. Boggs, Senior Counsel, at

(202) 942–0572 (Division of Investment

Management, Office of Investment

Company Regulation).

SUPPLEMENTARY INFORMATION: The

following is a summary of the

application. The complete application

may be obtained for a fee from the SEC’s

Public Reference Branch.

Applicant’s Representations

1. Applicant is a closed-end

management investment company that

is organized as a corporation under the

laws of Maryland, Applicant registered

under the Act and filed a registration

statement on Form N–2 on November

17, 1989. Applicant’s registration

statement was declared effective on

January 19, 1990, and applicant

commenced a public offering of its

shares shortly thereafter.

2. On December 7, 1994, applicant’s

board of directors considered and

approved a sale of substantially all of

the assets and liabilities of applicant to

the Alliance Multi-Market Strategy

Trust, Inc. (the ‘‘Acquiring Fund’’). The

board of directors made the findings

required by rule 17a-8 under the Act,

i.e., that the reorganization was in the

best interest of applicant and that there

would be no dilution, by virtue of the

proposed exchange, in the value of

shares held at that time by applicant’s

shareholders.1 In determining that

applicant should enter into the

reorganization, the directors considered,

among other things, the investment

objectives, policies, and restrictions of

applicant and the Acquiring Fund.

3. On January 20, 1995, a proxy

statement was filed with the SEC and

applicant mailed proxy materials to its

shareholders approximately a month

later. On April 21, 1995, applicant’s

shareholders approved the

reorganization.