33736 Federal Register / Vol. 63, No. 118 / Friday, June 19, 1998 / Notices

operation of the Peach Bottom Atomic

Power Station, Units 2 and 3, located in

York County, Pennsylvania.

Environmental Assessment

Identification of Proposed Action

The proposed action would exempt

the licensee from the requirements of 10

CFR 70.24(a), which require in each area

in which special nuclear material is

handled, used, or stored a monitoring

system that will energize clear audible

alarms if accidental criticality occurs.

The proposed action would also exempt

the licensee from the requirements to

maintain emergency procedures for each

area in which this licensed special

nuclear material is handled, used, or

stored to ensure that all personnel

withdraw to an area of safety upon the

sounding of the alarm, to familiarize

personnel with the evacuation plan, and

to designate responsible individuals for

determining the cause of the alarm, and

to place radiation survey instruments in

accessible locations for use in such an

emergency.

The proposed action is in accordance

with the licensee’s application for

exemption dated March 18,1998.

The Need for the Proposed Action

The purpose of 10 CFR 70.24 is to

ensure that, if a criticality were to occur

during the handling of special nuclear

material, personnel would be alerted to

that fact and would take appropriate

action. At a commercial nuclear power

plant, the inadvertent criticality with

which 10 CFR 70.24 is concerned could

occur during fuel handling operations.

The special nuclear material that could

be assembled into a critical mass at a

commercial nuclear power plant is in

the form of nuclear fuel; the quantity of

other forms of special nuclear material

that is stored on site is small enough to

preclude achieving a critical mass.

Because the fuel is not enriched beyond

5.0 weight percent Uranium-235 and

because commercial nuclear plant

licensees have procedures and design

features that prevent inadvertent

criticality, the staff has determined that

it is unlikely that an inadvertent

criticality could occur due to the

handling of special nuclear material at

a commercial power reactor. The

requirements of 10 CFR 70.24(a),

therefore, are not necessary to ensure

the safety of personnel during the

handling of special nuclear materials at

commercial power reactors. However,

an exemption to 10 CFR 70.24(a) is

needed to permit a deviation from these

requirements.

Environmental Impacts of the Proposed

Action

The Commission has completed its

evaluation of the proposed action and

concludes that the proposed action

involves features located entirely within

the restricted area as defined in 10 CFR

part 20.

The proposed action will not result in

an increase in the probability or

consequences of accidents or result in a

change in occupational or public dose.

Therefore, there are no radiological

impacts associated with the proposed

action.

The proposed action will not result in

a change in nonradiological plant

effluents and will have no other

nonradiological environmental impact.

Accordingly, the Commission

concludes that there are no

environmental impacts associated with

this action.

Alternatives to the Proposed Action

Since the Commission has concluded

that 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 Related to the Operation of

Peach Bottom Atomic Power Station,

Units 2 and 3,’’ April 1973.

Agencies and Persons Consulted

In accordance with its stated policy,

on May 6, 1998, the staff consulted with

the Pennsylvania State official, Mr.

David Ney, of the State of Pennsylvania,

Bureau of Radiation Protection,

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 March 18, 1998, 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 room located at the

Government Publications Section, State

Library of Pennsylvania (Regional

Depository) Education Building, Walnut

Street and Commonwealth Avenue, Box

1601, Harrisburg, PA.

Dated at Rockville, MD, this 15th day of

June 1998.

For the Nuclear Regulatory Commission.

Mohan C. Thadani,

Senior Project Manager, Project Directorate

I–2, Division of Reactor Projects—I/II, Office

of Nuclear Reactor Regulation.

[FR Doc. 98–16378 Filed 6–18–98; 8:45 am]

BILLING CODE 7590–01–P

NUCLEAR REGULATORY

COMMISSION

Advisory Committee on Reactor

Safeguards; Meeting

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 July

8–10, 1998, in Conference Room T–2B3,

11545 Rockville Pike, Rockville,

Maryland. The date of this meeting was

previously published in the Federal

Register on Thursday, November 20,

1997 (62 FR 62079).

Wednesday, July 8, 1998

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.

8:45 a.m.–10:30 a.m.: BWR Extended

Power Uprate Application (Open/

Closed)—The Committee will hear

presentations by and hold discussions

with representatives of the General

Electric Nuclear Energy (GE), the

Northern States Power Company (NSP),

and the NRC staff regarding the GE

extended power uprate program for

operating BWRs, and the NSP

application for a power level increase of

6.3 percent for the Monticello Nuclear

Generating Plant.

Note: A portion of this session may be

closed to discuss GE Nuclear Energy

proprietary information.

10:45 a.m.–12:15 p.m.: Proposed

Revisions to CFR 50.59 (Changes, Tests

and Experiments) (Open)—The

Committee will hear presentations by

and hold discussions with

representatives of the NRC staff

regarding proposed revisions to 10 CFR
Federal Register / Vol. 63, No. 118 / Friday, June 19, 1998 / Notices 33737

50.59, resolution of issues identified in

the March 24, 1998 Staff Requirements

Memorandum related to SECY–97–205,

‘‘Integration and Evaluation of Results

from Recent Lessons Learned Reviews,’’

and related matters.

1:15 p.m.–3:45 p.m.: AP600 Design

(Open/Closed)—The Committee will

hear presentations by and hold

discussions with representatives of the

Westinghouse Electric Company and the

NRC staff regarding Westinghouse’s

application for certification of the

AP600 design and the associated NRC

staff’s evaluation.

Note: A portion of this session may be

closed to discuss Westinghouse proprietary

and safeguards information related to the

AP600 design.

4:00 p.m.–5:30 p.m.: Fire Barrier

Penetration Seals and Related Matters

(Open)—The Committee will hear

presentations by and hold discussions

with representatives of the NRC staff

regarding Supplement 1 to NUREG–

1552, ‘‘Fire Barrier Penetration Seals at

Nuclear Power Plants,’’ an Information

Notice on ‘‘Inadequate Identification

and Analysis of Required and

Associated Electrical Circuits Resulting

in the Potential Loss of Post-Fire SafeShutdown Capability,’’ and related

matters.

5:45 p.m.–7:00 p.m.: Preparation of

ACRS Reports (Open)—The Committee

will discuss proposed ACRS reports on

matters considered during this meeting.

Thursday, July 9, 1998

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.–10:30 a.m.: BWR Pressure

Vessel Shell Weld Inspections (Open)—

The Committee will hear presentations

by and hold discussions with

representatives of the NRC staff and the

BWR Vessel and Internals Project

(BWRVIP) regarding the BWRVIP–05

report, ‘‘BWR Pressure Vessel Shell

Weld Inspection Recommendations,’’

and the associated NRC staff’s

evaluation.

10:45 a.m.–12:15 p.m.: Operating Plan

for the NRC Office of Nuclear Reactor

Regulation (NRR) (Open)—The

Committee will hear presentations by

and hold discussions with the NRR

Director and his staff regarding the NRR

Operating Plan and related matters.

1:15 p.m.–1:45 p.m.: Future ACRS

Activities (Open)—The Committee will

discuss the recommendations of the

Planning and Procedures Subcommittee

regarding items proposed for

consideration by the full Committee

during future meetings.

1:45 p.m.–2:00 p.m.: 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, including EDO’s response

to the ACRS comments and

recommendations included in its May

11, 1998 report on, ‘‘Elevation of CDF to

a Fundamental Safety Goal and Possible

Revision of the Commission’s Safety

Goal Policy Statement.’’

2:00 p.m.–2:30 p.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, qualifications of

candidates for ACRS membership, and

information the release of which would

constitute a clearly unwarranted invasion of

personal privacy.

2:45 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.

Friday, July 10, 1998

8:30 a.m.–3:00 p.m. (12:00–1:00 p.m.

Lunch): Preparation of ACRS Reports

(Open)—The Committee will continue

its discussion of proposed ACRS reports

on matters considered during this

meeting.

3:00 p.m.–4:30 p.m.: Technical Papers

for the Quadripartite Meeting (Open)—

The Committee will discuss several

Technical Papers to be discussed at the

Quadripartite meeting scheduled to be

held in Japan on October 5–9, 1998,

including the following:

• Safety of Future Nuclear Power

Plants

• Safety of Aging Plants

• Steam Generator Operating

Experience

• Assessment of Computerized

Systems

• Safety of High Burnup and Mixed

Oxide Fuels/Fuel Behavior Under

Reactivity Induced Accidents

• Risk Significance of Low-Power and

Shutdown Events

• Probabilistic Safety Assessment and

Risk-Based Regulation

4:30 p.m.–5:00 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 permit.

Procedures for the conduct of and

participation in ACRS meetings were

published in the Federal Register on

September 4, 1997 (62 FR 46782). In

accordance with these procedures, oral

or written views may be presented by

members of the public, including

representatives of the nuclear industry.

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 of the

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)

Pub. L. 92–463, I have determined that

it is necessary to close portions of this

meeting noted above to discuss

Westinghouse proprietary information

per 5 U.S.C. 552b(c)(4), Westinghouse

safeguards information per 5 U.S.C.

552b(c)(3), matters that relate solely to

the internal personnel rules and

practices of this Advisory Committee

per 5 U.S.C. 552b(c)(2), General Electric

Nuclear Energy proprietary information

per 5 U.S.C. 552b(c)(4), 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 canceled 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 of the Nuclear

Reactors Branch (telephone 301/415–

7364), between 7:30 a.m. and 4:15 p.m.

EDT.

ACRS meeting agenda, meeting

transcripts, and letter reports are
33738 Federal Register / Vol. 63, No. 118 / Friday, June 19, 1998 / Notices

available for downloading or reviewing

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

ACRSACNW.

Dated: June 15, 1998.

Andrew L. Bates,

Advisory Committee Management Officer.

[FR Doc. 98–16379 Filed 6–18–98; 8:45 am]

BILLING CODE 7590–01–P

SECURITIES AND EXCHANGE

COMMISSION

Existing Collection; Comment Request

Upon written request, copies available

from: Securities and Exchange

Commission, Office of Filings and

Information Services, 450 5th Street,

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

Extension:

Rule 45, SEC File No. 270–164, OMB

Control No. 3235–0154

Rule 52, SEC File No. 270–326, OMB

Control No. 3235–0369

Notice is hereby given that pursuant

to the Paperwork Reduction Act of 1995

(44 U.S.C. 3501 et seq.) the Securities

and Exchange Commission

(‘‘Commission’’) is soliciting comments

on the collections of information

summarized below. The Commission

plans to submit these existing

collections of information to the Office

of Management and Budget for

extension and approval.

Rule 45 under the Public Utility

Holding Company Act of 1935 (15

U.S.C. 79A, et seq.) (‘‘Act’’) imposes a

filing requirement of registered holding

companies and their subsidiaries under

section 12(b) of the Act. Under the

requirement, the companies must file a

declaration seeking authority to make

loans or otherwise extend credit to other

companies in the same holding

company system. Among others, the

rule excepts from the filing requirement

the performance of payment obligations

under consolidated tax agreements. The

purpose of the rule is to ensure that

registered holding companies and their

subsidiaries do not engage in activities

that are a detriment to interests the Act

is designed to protect (i.e., crosssubsidization). The Commission

estimates that the total annual reporting

and recordkeeping burden is 46 hours.

(e.g., 14 recordkeepers x approximately

3.3 hours = approximately 46 hours).

Rule 52 under the Act permits public

utility subsidiary companies of

registered holding companies to issue

and sell certain securities without filing

a declaration if certain conditions are

met. The purpose of collecting the

information is to determine the

existence of detriment to interests the

Act was designed to protect. The

Commission estimates that the total

annual reporting and recordkeeping

burden of collections under rule 52 is 33

hours (e.g., 33 responses x one hour =

33 burden hours).

The estimates of average burden hours

are made for the purposes of the

Paperwork Reduction Act and are not

derived from a comprehensive or even

a representative survey or study of the

costs of Commission rules and forms.

Written comments are invited on: (a)

whether the proposed collections of

information are necessary for the proper

performance of the functions of the

agency, including whether the

information will have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the collection of

information; (c) ways to enhance the

quality, utility, and clarity of the

information collected; and (d) ways to

minimize the burden of the collection of

information on respondents, including

through the use of automated collection

techniques or other forms of information

technology. Consideration will be given

to comments and suggestions submitted

in writing within 60 days of this

publication.

Please direct your written comments

to Michael E. Bartell, Associate

Executive Director, Office of

Information Technology, Securities and

Exchange Commission, 450 Fifth Street,

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

Dated: June 11, 1998.

Jonathan G. Katz,

Secretary.

[FR Doc. 98–16352 Filed 6–18–98; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

[Investment Company Act Release No.

23251; 812–11118]

Fountain Square Funds, et al.; Notice

of Application

June 12, 1998.

AGENCY: Securities and Exchange

Commission (‘‘Commission’’).

ACTION: Notice of application for an

order under section 17(b) of the

Investment Company Act of 1940 (the

‘‘Act’’) for an exemption from section

17(a) of the Act.

SUMMARY OF APPLICATION: Applicants

request an order to permit certain series

of the Fountain Square Funds (‘‘FSF’’)

to acquire all of the assets and certain

stated liabilities of certain series of The

Cardinal Group (‘‘Cardinal’’).

APPLICANTS: FSF, Cardinal, Cardinal

Management Corp. (‘‘CMC’’), and Fifth

Third Bank (the ‘‘Bank’’).

FILING DATES: The application was filed

on May 1, 1998. Applicants have agreed

to file an amendment during the notice

period, the substance of which is

reflected in this notice.

HEARING OR NOTIFICATION OF HEARING: An

order granting the application will be

issued unless the Commission orders a

hearing. Interested persons may request

a hearing by writing to the

Commission’s Secretary and serving

applicants with a copy of the request,

personally or by mail. Hearing requests

should be received by the Commission

by 5:30 p.m. on July 7, 1998, and should

be accomplished 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 who wish to be notified of a

hearing may request notification by

writing to the Commission’s Secretary.

ADDRESSES: Secretary, Securities and

Exchange Commission, 450 Fifth Street,

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

Square Funds and Fifth Third Bank, 38

Fountain Square Plaza, Cincinnati, Ohio

45263. The Cardinal Group and

Cardinal Management Corp., 155 East

Broad Street, Columbus, Ohio 43215.

FOR FURTHER INFORMATION CONTACT:

Kathleen L. Knisely, Staff Attorney, at

(202) 942–0517, or George J. Zornada,

Branch Chief, at (202) 942–0564

(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 at the

Commission’s Public Reference Branch,

450 Fifth Street, N.W., Washington, D.C.

20549 (tel. 202–942–8090).

Applicants’ Representations

1. FSF is a Massachusetts business

trust registered under the Act as an

open-end management investment

company. FSF currently has sixteen

separate series, five of which are the

acquiring funds (‘‘Acquiring Funds’’).

The Bank, an Ohio state-chartered bank,

serves as the investment adviser to FSF.

The Bank is not required to register

under the Investment Advisers Act of

1940 (‘‘Advisers Act’’). The Bank is a

subsidiary of Fifth Third Bancorp

(‘‘Fifth Third’’), a bank holding

company.

2. Cardinal is an Ohio business trust

registered under the Act as an open-end

management investment company.