Federal Register / Vol. 63, No. 94 / Friday, May 15, 1998 / Notices 27121

1CCCL is a wholly owned subsidiary of P&W.

CCCL operates in the State of Connecticut, and

P&W operates in the States of Connecticut,

Massachusetts, Rhode Island and New York.

1The Board will grant a stay if an informed

decision on environmental issues (whether raised

by a party or by the Board’s Section of

Environmental Analysis in its independent

investigation) cannot be made before the

exemption’s effective date. See Exemption of Outof-Service Rail Lines, 5 I.C.C.2d 377 (1989). Any

request for a stay should be filed as soon as possible

so that the Board may take appropriate action before

the exemption’s effective date.

2Each offer of financial assistance must be

accompanied by the filing fee, which currently is

set at $1000. See 49 CFR 1002.2(f)(25).

Board decisions and notices are

available on our website at

‘‘WWW.STB.DOT.GOV.’’

Decided: May 6, 1998.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–12695 Filed 5–14–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33592]

Providence and Worcester Railroad

Company—Corporate Family

Transaction Exemption—Connecticut

Central Railroad Company

Providence and Worcester Railroad

Company (P&W) and Connecticut

Central Railroad Company (CCCL),1

Class III railroads, have jointly filed a

verified notice of exemption. The

exempt transaction is a merger of CCCL

into P&W.

The earliest the transaction can be

consummated is May 12, 1998, the

effective date of the exemption (7 days

after the notice of exemption was filed).

The proposed merger is intended to

provide more efficient service to

shippers. Moreover, because of P&W’s

multiple connections to other carriers, it

can provide customers on CCCL’s lines

with price and source competition not

previously enjoyed by them.

This is a transaction within a

corporate family of the type specifically

exempted from prior review and

approval under 49 CFR 1180.2(d)(3).

The parties state that the transaction

will not result in adverse changes in

service levels, significant operational

changes, or a change in the competitive

balance with carriers outside the

corporate family.

Under 49 U.S.C. 10502(g), the Board

may not use its exemption authority to

relieve a rail carrier of its statutory

obligation to protect the interests of its

employees. Section 11326(c), however,

does not provide for labor protection for

transactions under sections 11324 and

11325 that involve only Class III rail

carriers. Because this transaction

involves Class III rail carriers only, the

Board, under the statute, may not

impose labor protective conditions for

this transaction.

If the verified notice contains false or

misleading information, the exemption

is void ab initio. Petitions to reopen the

proceeding to revoke the exemption

under 49 U.S.C. 10502(d) may be filed

at any time. The filing of a petition to

reopen will not automatically stay the

transaction.

An original and 10 copies of all

pleadings, referring to STB Finance

Docket No. 33592, must be filed with

the Surface Transportation Board, Office

of the Secretary, Case Control Unit, 1925

K Street, N.W., Washington, DC 20423–

0001. In addition, a copy of each

pleading must be served on Heidi J.

Eddins, Esq., Providence and Worcester

Railroad Company, 75 Hammond Street,

Worcester, MA 01610.

Board decisions and notices are

available on our website at

‘‘WWW.STB.DOT.GOV.’’

Decided: May 8, 1998.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–12819 Filed 5–14–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Docket No. AB–103 (Sub–No. 13X)]

The Kansas City Southern Railway

Company—Abandonment Exemption—

in Webster Parish, LA

The Kansas City Southern Railway

Company (KCS) has filed a notice of

exemption under 49 CFR 1152 Subpart

F—Exempt Abandonments to abandon a

1.70-mile line of its railroad between

milepost 46.78 at the ArkansasLouisiana State Line and milepost 48.48

approximately 200 feet south of Vine

Street in Springhill, Webster Parish, LA.

The line traverses United States Postal

Service Zip Code 71075.

KCS has certified that: (1) no local

traffic has moved over the line for at

least 2 years; (2) there is no overhead

traffic on the line; (3) no formal

complaint filed by a user of rail service

on the line (or by a state or local

government entity acting on behalf of

such user) regarding cessation of service

over the line either is pending with the

Surface Transportation Board (Board) or

with any U.S. District Court or has been

decided in favor of complainant within

the 2-year period; and (4) the

requirements at 49 CFR 1105.7

(environmental reports), 49 CFR 1105.8

(historic reports), 49 CFR 1105.11

(transmittal letter), 49 CFR 1105.12

(newspaper publication), and 49 CFR

1152.50(d)(1) (notice to governmental

agencies) have been met.

As a condition to this exemption, any

employee adversely affected by the

abandonment and discontinuance shall

be protected under Oregon Short Line R.

Co.—Abandonment—Goshen, 360 I.C.C.

91 (1979). To address whether this

condition adequately protects affected

employees, a petition for partial

revocation under 49 U.S.C. 10502(d)

must be filed. Provided no formal

expression of intent to file an offer of

financial assistance (OFA) has been

received, this exemption will be

effective on June 14, 1998, unless stayed

pending reconsideration. Petitions to

stay that do not involve environmental

issues,1 formal expressions of intent to

file an OFA under 49 CFR

1152.27(c)(2),2 and trail use/rail banking

requests under 49 CFR 1152.29 must be

filed by May 26, 1998. Petitions to

reopen or requests for public use

conditions under 49 CFR 1152.28 must

be filed by June 4, 1998, with: Surface

Transportation Board, Office of the

Secretary, Case Control Unit, 1925 K

Street, N.W., Washington, DC 20423.

A copy of any petition filed with the

Board should be sent to applicant’s

representative: Thomas F. McFarland,

Jr., McFarland & Herman, 20 North

Wacker Drive, Suite, 1330, Chicago, IL

60606–2902.

If the verified notice contains false or

misleading information, the exemption

is void ab initio.

KCS has filed an environmental report

which addresses the effects, if any, of

the abandonment and discontinuance

on the environment and historic

resources. The Section of Environmental

Analysis (SEA) will issue an

environmental assessment (EA) by May

20, 1998. Interested persons may obtain

a copy of the EA by writing to SEA

(Room 500, Surface Transportation

Board, Washington, DC 20423) or by

calling SEA, at (202) 565–1545.

Comments on environmental and

historic preservation matters must be

filed within 15 days after the EA

becomes available to the public.

Environmental, historic preservation,

public use, or trail use/rail banking
27122 Federal Register / Vol. 63, No. 94 / Friday, May 15, 1998 / Notices

conditions will be imposed, where

appropriate, in a subsequent decision.

Pursuant to the provisions of 49 CFR

1152.29(e)(2), KCS shall file a notice of

consummation with the Board to signify

that it has exercised the authority

granted and fully abandoned the line. If

consummation has not been effected by

KCS’s filing of a notice of

consummation by May 15, 1999, and

there are no legal or regulatory barriers

to consummation, the authority to

abandon will automatically expire.

Decided: May 6, 1998.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–12693 Filed 5–14–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

[Treasury Directive Number 13–20]

Delegation of Responsibilities Relating

to the Transfer of the District of

Columbia Pension Systems

May 7, 1998.

1. Purpose

Pursuant to the National Capital

Revitalization and Self-Government

Improvement Act of 1997 (the ‘‘Act’’),

certain responsibilities with respect to

the pension systems for District of

Columbia police officers and

firefighters, teachers, and judges are

being transferred to the Secretary of the

Treasury. The purpose of this Directive

is to define administrative functions

which are within the scope of duties of

the Treasury project manager for the

transfer of the District of Columbia

pension systems (‘‘DC Pensions Project

Manager’’) and to delegate the authority

necessary to carry out these functions to

the DC Pensions Project Manager.

2. Delegation

a. The DC Pensions Project Manager is

delegated the authority to: (1) Request

transfers from the District Retirement

Fund pursuant to the Act to cover

administrative expenses; (2) serve as the

program official to execute reimbursable

agreements with Treasury bureaus and

other government agencies for providing

services, including detailing staff to the

project; (3) approve requisitions for

procuring goods and services; (4)

approve personnel actions; (5)

coordinate with the Bureau of Public

Debt on operational issues related to the

District of Columbia Pension Trust

Funds. The DC Pensions Project

Manager shall exercise these authorities

only after appropriate consultation with

the Assistant Secretary (Financial

Markets).

b. This delegation will expedite the

performance of the administrative

functions necessary to fulfill Treasury’s

responsibilities under the Act for the DC

pension programs. Accordingly, the

delegation of authority to perform the

listed functions shall be interpreted as

broadly as necessary to enable the DC

Pensions Project Manager to carry out

administrative duties associated with

the District of Columbia pension project

without impediment.

c. Functions which require the

obligation of funds or certification that

funds are available shall be coordinated

in the usual manner with the Financial

Management Division, Departmental

Offices.

3. Redelegation

The authority delegated herein to the

DC Pensions Project Manager may not

be redelegated. However, this authority

shall transfer, as appropriate, to any

official who subsequently may assume

the responsibilities of DC Pensions

Project Manager.

4. Authorities

a. TO 101–05, ‘‘Reporting

Relationships and Supervision of

Officials, Offices and Bureaus,

Delegation of Certain Authority, and

Order of Succession in the Department

of the Treasury.’’

b. The National Capital Revitalization

and Self-Government Improvement Act

of 1997, Title XI of Pub. L. 105–33 (111

Stat. 251, 712).

5. Reference

Memorandum to Under Secretary

(Domestic Finance) from Assistant

Secretary for Management and Chief

Financial Officer dated October 22,

1997.

6. Expiration

This Directive shall expire three years

after the date of issuance unless

superseded or cancelled prior to that

date.

7. Office of Primary Interest

Office of the Assistant Secretary

(Financial Markets).

Gary Gensler,

Assistant Secretary (Financial Markets).

[FR Doc. 98–12913 Filed 5–14–98; 8:45 am]

BILLING CODE 4810–25–P

DEPARTMENT OF THE TREASURY

Community Development Financial

Institutions Fund

AGENCY: Community Development

Financial Institutions Fund, Department

of the Treasury.

ACTION: Notice of extension of

application deadline.

SUMMARY: The Community Development

Financial Institutions Fund (hereafter

referred to as the ‘‘Fund’’) published a

notice of funds availability (‘‘NOFA’’)

for the Community Development

Financial Institutions (‘‘CDFI’’) Program

technical assistance (‘‘TA’’) component

(63 FR 13729) and is extending the

application deadline for the CDFI

Program TA component from May 29,

1998 to June 11, 1998.

DATES: The application deadline for the

CDFI Program TA component is

extended from May 29, 1998 to June 11,

1998. The deadline for receipt of an

application is 6 p.m. EDT on June 11,

1998. Applications received in the

offices of the Fund after that date and

time will not be accepted and will be

returned to the sender. Applications

sent electronically or by facsimile will

not be accepted.

ADDRESSES: Applications shall be sent

to: Awards Manager, Community

Development Financial Institutions

Fund, U.S. Department of the Treasury,

601 13th Street, NW., Suite 200 South,

Washington, DC 20005.

FOR FURTHER INFORMATION CONTACT:

Technical Assistance Program Manager,

Community Development Financial

Institutions Fund, U.S. Department of

the Treasury, 601 13th Street, NW.,

Suite 200 South, Washington, DC 20005,

(202) 622–8662. (This is not a toll free

number.)

SUPPLEMENTARY INFORMATION: On March

20, 1998, the Fund published a NOFA

for the CDFI Program TA component (63

FR 13729) and a separate NOFA for the

CDFI Program core component (63 FR

13728). The CDFI Program TA

component NOFA announced the

availability of $5 million for program

awards and specified an application

deadline of May 29, 1998. The CDFI

Program core component NOFA

announced the availability of $40

million for program awards and

specified an application deadline of

June 12, 1998.

This Notice extends the application

deadline for the CDFI Program TA

component from May 29, 1998 to June

11, 1998. However, the application

deadline for the CDFI core component

remains June 12, 1998. All applications