19960 Federal Register / Vol. 63, No. 77 /Wednesday, April 22, 1998 / Notices

determined on an annual basis by a

qualified, independent appraiser; (d) the

Plan’s independent fiduciary has

determined that the transaction is

appropriate for the Plan and in the best

interests of the Plan’s participants and

beneficiaries; (e) the Plan’s independent

fiduciary will continue to monitor the

transaction and the conditions of the

exemption and take whatever action is

necessary to enforce the Plan’s rights

under the Lease; and (f) the Plan’s

independent fiduciary acts to ensure

that any sale of the Property by the Plan

to Century is properly effected under

the terms of the Lease, pursuant to

Century’s right of first refusal in the

event the Plan receives a bona fide offer

from a third party to purchase the

Property, and Century is not in default

on any of its obligations under the

Lease.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the notice of

proposed exemption published on

February 26, 1998 at 63 FR 9867.

Written Comments

The only written comments received

by the Department with respect to the

proposed exemption were submitted by

the applicant, which sought clarification

with respect to two points. First, the

applicant represented that the New

Lease would likely be for fewer square

feet of the Property than under the

Lease, and sought clarification that the

exemption as proposed would still

apply to the New Lease. With respect to

the New Lease, the Department notes

that the exemption would apply to a

lease of fewer square feet in the same

Property provided all conditions of the

exemption are satisfied. Secondly, the

applicant requested clarification that the

exemption would still apply if Century

reorganized as a for-profit corporation,

or changed its name, or both. The

applicant represented that this change

in name will never occur in connection

with a sale of the underlying assets of

Century to an unrelated third party. The

applicant requested that the operative

language of the exemption be modified

to extend relief to Century or its

successor in name. The operative

language of the exemption has been

amended accordingly to reflect the

possible name change.

The Department has considered the

entire record, including the comment

submitted by the applicant, and has

determined to grant the exemption as

proposed, with the one change as

described above.

EFFECTIVE DATE: This exemption is

effective June 10, 1997.

FOR FURTHER INFORMATION CONTACT: Gary

H. Lefkowitz of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

Thornton, Hegg, Reif, Johnston & Dolan

Profit Sharing Plan and Trust (the Plan)

Located in Alexandria, Minnesota

[Prohibited Transaction Exemption No.

98–19; Application No. D–10563]

Exemption

The restrictions of sections 406(a) and

406(b)(1) and (b)(2) of the Act and the

sanctions resulting from the application

of section 4975 of the Code, by reason

of section 4975(c)(1)(A) through (E) of

the Code, shall not apply to the sale (the

Sale) by the Plan of certain real property

(the Property) to Robert M. Hegg, (Mr.

Hegg), a party in interest with respect to

the Plan; provided the following

conditions are satisfied:

(A) The terms and conditions of the

transaction are no less favorable to the

Plan than those which the Plan would

receive in an arm’s-length transaction

with an unrelated party;

(B) The Sale is a one-time transaction

for cash;

(C) The Plan incurs no expenses from

the Sale; and

(D) The Plan receives as consideration

from the Sale the greater of either the

fair market value of the Property as

determined by a qualified, independent

appraiser on the date of the Sale, or an

amount equal to the funds expended by

the Plan in acquiring and maintaining

the Property, less any income produced

by the Property.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the Notice of

Proposed Exemption published on

February 26, 1998, at 63 FR 9868.

FOR FURTHER INFORMATION CONTACT: Mr.

C. E. Beaver of the Department,

telephone (202) 219–8881. (This is not

a toll-free number.)

General Information

The attention of interested persons is

directed to the following:

(1) The fact that a transaction is the

subject of an exemption under section

408(a) of the Act and/or section

4975(c)(2) of the Code does not relieve

a fiduciary or other party in interest or

disqualified person from certain other

provisions to which the exemptions

does not apply and the general fiduciary

responsibility provisions of section 404

of the Act, which among other things

require a fiduciary to discharge his

duties respecting the plan solely in the

interest of the participants and

beneficiaries of the plan and in a

prudent fashion in accordance with

section 404(a)(1)(B) of the Act; nor does

it affect the requirement of section

401(a) of the Code that the plan must

operate for the exclusive benefit of the

employees of the employer maintaining

the plan and their beneficiaries;

(2) These exemptions are

supplemental to and not in derogation

of, any other provisions of the Act and/

or the Code, including statutory or

administrative exemptions and

transactional rules. Furthermore, the

fact that a transaction is subject to an

administrative or statutory exemption is

not dispositive of whether the

transaction is in fact a prohibited

transaction; and

(3) The availability of these

exemptions is subject to the express

condition that the material facts and

representations contained in each

application accurately describes all

material terms of the transaction which

is the subject of the exemption.

Signed at Washington, D.C., this 17th day

of April, 1998.

Ivan Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

U.S. Department of Labor.

[FR Doc. 98–10693 Filed 4–21–98; 8:45 am]

BILLING CODE 4510–29–P

LEGAL SERVICES CORPORATION

Notice of Availability of 1999

Competitive Grant Funds

AGENCY: Legal Services Corporation.

ACTION: Solicitation for Proposals for the

Provision of Civil Legal Services.

SUMMARY: The Legal Services

Corporation (LSC or Corporation) is the

national organization charged with

administering federal funds provided

for civil legal services to the poor.

The Corporation hereby announces

the availability of competitive grant

funds and is soliciting grant proposals

from interested parties who are

qualified to provide effective, efficient

and high quality civil legal services to

eligible clients in the states and

territories by service area(s) identified

below. The exact amount of

congressionally appropriated funds and

the date, terms and conditions of their

availability for calendar year 1999 have

not been determined.

DATES: Request for Proposals (RFP) will

be available after May 15, 1998. Notice

of Intent to Compete is due July 1, 1998.

Grant proposals must be received at LSC

offices by 5:00 p.m. EDT, July 22, 1998.

ADDRESSES: Legal Services

Corporation—Competitive Grants, 750
Federal Register / Vol. 63, No. 77 /Wednesday, April 22, 1998 / Notices 19961

First Street N.E., 10th Floor,

Washington, DC 20002–4250.

FOR FURTHER INFORMATION CONTACT:

Office of Program Operations,

Competitive Grants—Service Desk, (202)

336–8900; FAX (202) 336–7272; URL

http://www.lsc.gov;HANDSNET: HN

3555.

SUPPLEMENTARY INFORMATION: LSC is

seeking proposals from: (1) non-profit

organizations that have as a purpose the

furnishing of legal assistance to eligible

clients; (2) private attorneys; (3) groups

of private attorneys or law firms; (4)

State or local governments; and (5)

substate regional planning and

coordination agencies which are

composed of substate areas and whose

governing boards are controlled by

locally elected officials.

The solicitation package, containing

the grant application, guidelines,

proposal content requirements and

specific selection criteria, is available by

contacting the Corporation by letter,

phone or FAX. LSC will not FAX the

solicitation package to interested

parties; however, solicitation packages

may be requested by FAX.

State Service area(s)

Arizona ................................ AZ–1,AZ–2,AZ–3,AZ–4,NAZ–1,NAZ–2,NAZ–3,NAZ–4,NAZ–5,MAZ.

California ............................. CA–1,CA–2,CA–4,CA–5,CA–6,CA–7,CA–8,CA–9,CA–10,CA–11,CA–12,CA–13,CA–14,CA–15,CA–16,CA–17,CA–

18,CA–19,CA–23,CA–25,CA–26,NCA–1,MCA.

Colorado ............................. CO–2,NCO–1,MCO.

Indiana ................................ IN–1,IN–2,IN–3,IN–4,MIN.

Kentucky ............................. KY–2,KY–3,KY–5,KY–6,KY–7,KY–8,MKY.

Massachusetts .................... MA–1,MA–2,MA–3,MA–4,MA–5,MA–10,MMA.

Michigan ............................. MI–1,MI–2,MI–3,MI–4,MI–5,MI–6,MI–7,MI–8,MI–9,MI–10,MI–11,NMI–1,MMI.

Missouri .............................. MO–1,MO–2,MO–3,MO–4,MO–5,MO–6,MMO.

Nebraska ............................ NE–1,NE–2,NE–3,NNE–1,MNE.

New Jersey ......................... NJ–5,NJ–10,NJ–14.

New York ............................ NY–9.

New Mexico ........................ NM–1,NM–2,NM–3,NM–4,NNM–1,NNM–2,NNM–3,MNM.

North Carolina .................... NC–1,NC–2,NC–3,NC–4,NNC–1,MNC.

Ohio .................................... OH–1,OH–2,OH–3,OH–4,OH–5,OH–7,OH–8,OH–9,OH–10,OH–12,OH–13,OH–14,OH–15,OH–16,OH–17,MOH.

Oregon ................................ NOR–1.

Pennsylvania ...................... PA–3,PA–5,PA–9,PA–13,PA–17,PA–20,MPA.

Virginia ................................ VA–2.

West Virginia ...................... WV–1,WV–2,WV–3,MWV.

Wisconsin ........................... WI–1,WI–2,WI–3,WI–4,NWI–1,MWI.

Wyoming ............................. WY–4,NWY–1,MWY.

Issue Date: April 17, 1998.

Karen J. Sarjeant,

Managing Program Counsel, Office of

Program Operations.

[FR Doc. 98–10733 Filed 4–21–98; 8:45 am]

BILLING CODE 7050–01–P

NATIONAL CREDIT UNION

ADMINISTRATION

Agency Information Collection

Activities: Submission to OMB for

Review; Comment Request

AGENCY: National Credit Union

Administration (NCUA).

ACTION: Request for comment.

SUMMARY: The NCUA will be submitting

the following currently approved rule

requiring information collection to the

Office of Management and Budget

(OMB) for extension under the

Paperwork Reduction Act of 1995 (P.L.

104–13, 44 U.S.C.

Chapter 35). This information

collection is published to obtain

comments from the public.

DATES: Comments will be accepted until

June 22, 1998.

ADDRESSES: Interested parties are

invited to submit written comments to

NCUA Clearance Officer or OMB

Reviewer listed below:

Clearance Officer: Mr. James L.

Baylen, (703) 518–6411, National Credit

Union Administration, 1775 Duke

Street, Alexandria, Virginia 22314–

3428, Fax No. 703–518–6433, E-mail:

jbaylen@ncua.gov.

OMB Reviewer: Alexander T. Hunt,

(202) 395–7860, Office of Management

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

FOR FURTHER INFORMATION CONTACT:

Copies of the information collection

requests, with applicable supporting

documentation, may be obtained by

calling the NCUA Clearance Officer

James L. Baylen or sending e-mail to the

address provided above.

SUPPLEMENTARY INFORMATION: Proposal

for the following collection of

information:

OMB Number: 3133–0125.

Form Number: N/A.

Type of Review: Extension of a

currently approved collection.

Title: 12 C.F.R. Part 722—Appraisals

Description: Congress has mandated

that NCUA adopt standards for the

performance of real estate appraisals in

connection with federally related

transactions (Title XI of the Financial

Institutions, Reform, Recovery, and

Enforcement Act of 1989 [FIRREA]).

Credit unions use the information

gathered to determine if loans can be

granted. NCUA uses the information

gathered to ensure safety and

soundness.

Respondents: All federally insured

credit unions making individual real

estate loans of $100,000 or more.

Estimated No. of Respondents/

Recordkeepers: 5,000.

Estimated Burden Hours Per

Response: .25 hours.

Frequency of Response: Other.

Information collection/record keeping is

required on an on-going basis.

Estimated Total Annual Burden

Hours: 137,500.

Estimated Total Annual Cost: N/A.

By the National Credit Union

Administration Board on April 16, 1998.

Becky Baker,

Secretary of the Board.

[FR Doc. 98–10599 Filed 4–21–98; 8:45 am]

BILLING CODE 7535–01–U