Federal Register / Vol. 63, No. 136 /Thursday, July 16, 1998 / Notices 38449

shops; (2) refinance outstanding debt

incurred for the purposes described

above; or (3) develop or establish new

intermodal or railroad facilities. Priority

will be given to projects that—

(1) enhance public safety;

(2) enhance the environment;

(3) promote economic development;

(4) enable U.S. companies to be more

competitive in international markets;

(5) are endorsed by plans prepared

under 23 U.S.C. 135, by the state or

states in which they are located; or

(6) preserve or enhance rail

intermodal service to small

communities or rural areas.

Prerequisites to granting financial

assistance under RRIF include:

(1) the repayment of the financial

assistance is required to be made within

a term of not more than 25 years from

the date of its execution;

(2) the financial assistance is justified

by the present and probable future

demand for rail services or intermodal

facilities;

(3) the applicant has given reasonable

assurances that the facilities or

equipment to be acquired, rehabilitated,

improved, developed, or established

with the proceeds of the financial

assistance will be economically and

efficiently utilized; and

(4) the obligation can reasonably be

repaid, using an appropriate

combination of credit risk premiums

and collateral offered by the applicant to

protect the Federal Government.

The Federal Credit Reform Act of

1990, 2 U.S.C. 661, requires that before

making any loan or loan guarantee,

agencies of the Federal Government

must have received an appropriation of

funds from Congress adequate to cover

the cost to the Government of making

that loan or loan guarantee (referred to

in the TEA–21 as the credit risk

premium (‘‘Premium’’)). However, this

requirement is modified by TEA–21

which provides that the source of the

Premium may be either appropriated

Federal funds, funds from a non-Federal

source, or any combination thereof.

Congress has not appropriated funds to

provide the Premium for borrowers, and

in the absence of such an appropriation,

the Premium associated with any direct

loan or loan guarantee must be provided

by the project applicant or infrastructure

partner, which includes any participant

in the project. The Premium must be

paid before disbursement of any loan

proceeds.

FRA anticipates many different

applicants and for many types of

projects. These could include

cooperative ventures for railroad

acquisition, rehabilitation, or

improvement involving railroads, states,

local governments and/or shippers. Of

particular interest to the FRA are the

implementation of Positive Train

Control systems and the improvement of

highway-rail crossing protection.

Further, RRIF is not limited to rail

freight projects, and passenger service of

all types are eligible.

FRA is seeking comments on a project

or projects that a potential applicant

may submit under the RRIF. Comments

should include a brief description of the

project, preliminary cost estimates, and

type and term of financial assistance

that might be sought. The information

will not constitute an application, but it

will greatly enhance FRA’s

understanding of the potential scope of

applications and accordingly assist in

the appropriate implementation of RRIF.

Please submit comments by August 14,

to provide an opportunity for adequate

consideration.

Issued in Washington, D.C. on July 9, 1998.

Jolene M. Molitoris,

Federal Railroad Administrator.

[FR Doc. 98–18941 Filed 7–15–98; 8:45 am]

BILLING CODE 4910–06–P

DEPARTMENT OF THE TREASURY

Commission to Study Capital

Budgeting

AGENCY: Commission to Study Capital

Budgeting, DOT.

ACTION: Notice of meetings.

SUMMARY: The agenda for the next

meetings of the Commission to Study

Capital Budgeting includes discussions

on capital budgeting issues and the draft

outline for the final report on Friday,

July 24. On Saturday morning, July 25,

the Commission will continue its

discussions of different aspects of

capital budgeting and discuss the next

steps to be taken in preparation of its

report. The Commission’s final report

on capital budgeting is due on

December 13, 1998. Meetings are open

to the public. Limited seating capacity

is available.

Dates, Times and Places of the Next

Commission Meetings

July 24, 9:00 a.m. to 5:00 p.m., White

House Conference Center, Lincoln

Room (9:00 a.m. to Noon); Truman

Room (Noon to 5:00 p.m.), 726

Jackson Place, NW, Washington, DC

20503

July 25, 1998, 9:00 a.m. to 12:00 noon,

White House Conference Center,

Truman Room, 726 Jackson Place,

NW, Washington, DC 20503

The Commission is seeking all views

on capital budgeting. Interested parties

may submit their views to: Dick Emery,

Executive Director, President’s

Commission to Study Capital Budgeting,

Old Executive Office Building (Room

258), Washington, DC 20503, Voice:

(202) 395–4630, Fax: (202) 395–6170, EMail: capitallbudget@omb.eop.gov,

Website: http://www.whitehouse.gov/

WH/EOP/OMB/PCSCB/

FOR FURTHER INFORMATION CONTACT: E.

William Dinkelacker, Ph.D., Designated

Federal Official, Room 4456 Main

Treasury, Washington, DC 20220, Voice:

(202) 622–1285, Fax: (202) 622–1294, EMail:

william.dinkelacker@treas.sprint.com

Angel E. Ray,

Committee Management Officer.

[FR Doc. 98–18927 Filed 7–15–98; 8:45 am]

BILLING CODE 4810–25–P

UNITED STATES INFORMATION

AGENCY

Culturally Significant Objects Imported

for Exhibition Determinations: ‘‘Monet

in the 20th Century’’

AGENCY: United States Information

Agency.

ACTION: I hereby determine that the

objects to be included in the exhibit

‘‘Monet in the 20th Century,’’ (see list),

imported from abroad for the temporary

exhibition without profit within the

United States, are of cultural

significance. These objects are imported

pursuant to a loan agreement with a

foreign lender. I also determine that the

exhibit or display of the listed exhibit

objects at the Museum of Fine Arts,

Boston, Massachusetts, beginning on or

about September 20, 1998 through

December 27, 1998 is in the national

interest. Public Notice of these

Determinations is ordered to be

published in the Federal Register.

SUMMARY: Notice is hereby given of the

following determinations: Pursuant to

the authority vested in me by the Act of

October 19, 1965 (79 Stat. 985.22 U.S.C.

2459), Executive Order 12047 of March

27, 1978 (43 FR 13359, March 29, 1978),

and Delegation Order No. 85–5 June 27,

1985 (50 27393, July 2, 1985).

FOR FURTHER INFORMATION CONTACT: Paul

Manning, Assistant General Counsel at

202/619–5997. The address is U.S.

Information Agency, 301 4th Street,

S.W., Washington, DC 20547–0001.

Dated: July 13, 1998.

Les Jin,

General Counsel.

[FR Doc. 98–18973 Filed 7–15–98; 8:45 am]

BILLING CODE 8230–01–M