38226 Federal Register / Vol. 63, No. 135 /Wednesday, July 15, 1998 / Notices

the underbalance term (cant deficiency)

in the formulation of curve/speed tables

by track maintenance engineers defining

train speeds for curved track

superelevations for any route between

two points. The waivers granted Amtrak

and the other railroads to permit the

substitution of four inches in the Vmax

formula in § 213.57.

Interested parties are invited to

participate in these proceedings by

submitting written views, data, or

comments. FRA does not anticipate

scheduling a public hearing in

connection with these proceedings since

the facts do not appear to warrant a

hearing. If any interested party desires

an opportunity for oral comment, they

should notify FRA, in writing, before

the end of the comment period and

specify the basis for their request.

All communications concerning these

proceedings should identify the

appropriate docket number (e.g., Waiver

Petition Docket Number RST–97–3) and

must be submitted in triplicate to the

Docket Clerk, Office of Chief Counsel,

FRA, Nassif Building, 400 Seventh

Street, S.W., Mail Stop 10, Washington,

D.C. 20590. Communications received

within 30 days of the date of this notice

will be considered by FRA before final

action is taken. Comments received after

that date will be considered as far as

practicable. All written communications

concerning these proceedings are

available for examination during regular

business hours (9:00 a.m.–5:00 p.m.) at

FRA’s temporary docket room located at

1120 Vermont Avenue, N.W., Room

7051, Washington, D.C. 20005.

Issued in Washington, D.C. on July 6, 1998.

Grady C. Cothen, Jr.,

Deputy Associate Administrator for Safety

Standards and Program Development.

[FR Doc. 98–18820 Filed 7–14–98; 8:45 am]

BILLING CODE 4910–06–P

DEPARTMENT OF TRANSPORTATION

Federal Railroad Administration

Petition for Waiver of Compliance/

Docket No. H–98–2

In accordance with Part 211 of Title

49 Code of Federal Regulations (CFR),

notice is hereby given that the Federal

Railroad Administration (FRA) received

from the National Railroad Passenger

Corporation (Amtrak) a request for

waiver of compliance with certain

requirements of 49 CFR Part 213:

TRACK SAFETY STANDARDS.

The purpose of Amtrak’s petition is to

secure approval from FRA to conduct

testing and demonstrations of the Talgo

trainset at operating speeds up to 125

mph and four inches of cant deficiency

on Amtrak’s Northeast Corridor. Amtrak

anticipates the testing will be completed

within three days after commencement.

Following the successful completion of

the testing, Amtrak seeks to conduct

three ‘‘VIP’’ demonstration trips

between Washington, D.C., and

Philadelphia, Pennsylvania.

Amtrak and the State of Washington

jointly purchased a total of three Talgo

trainsets which are currently in

production in Seattle, Washington. The

Amtrak and Washington State contracts

require Talgo to demonstrate lateral

stability at speeds up to 125 mph before

the cars can be accepted. Amtrak states

that this testing can only be

accomplished on the Northeast

Corridor.

In order to conduct the testing and

demonstrations, Amtrak requests a

waiver from 49 CFR 213.9, Classes of

track, which currently limits the

maximum train speed to 110 mph, and

Section 213.57(b), Curves; Elevations

and Speed Limitations, which currently

permits a maximum of three inches to

be used as the underbalance term (cant

deficiency) in the determination of the

maximum speed on a curve based on

superelevation and degree of curvature.

Amtrak states that Talgo trainsets

routinely operate at up to 125 mph and

seven inches of cant deficiency in

Spain. In addition, the Talgo was tested

in 1997 at up to eight inches of cant

deficiency in the Pacific Northwest.

Interested parties are invited to

participate in these proceedings by

submitting written views, data, or

comments. FRA does not anticipate

scheduling a public hearing in

connection with these proceedings since

the facts do not appear to warrant a

hearing. If any interested party desires

an opportunity for oral comment, they

should notify FRA, in writing, before

the end of the comment period and

specify the basis for their request.

All communications concerning these

proceedings should identify the

appropriate docket number (e.g., Waiver

Petition Docket Number H–98–2) and

must be submitted in triplicate to the

Docket Clerk, Office of Chief Counsel,

FRA, Nassif Building, 400 Seventh

Street, S.W., Mail Stop 10, Washington,

D.C. 20590. Communications received

within 45 days of the date of this notice

will be considered by FRA before final

action is taken. Comments received after

that date will be considered as far as

practicable. All written communications

concerning these proceedings are

available for examination during regular

business hours (9:00 a.m.–5:00 p.m.) at

FRA’s temporary docket room located at

1120 Vermont Avenue, N.W., Room

7051, Washington, D.C. 20005.

Issued in Washington, D.C. on July 6, 1998.

Grady C. Cothen, Jr.,

Deputy Associate Administrator for Safety

Standards and Program Development.

[FR Doc. 98–18821 Filed 7–14–98; 8:45 am]

BILLING CODE 4910–06–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[CO–99–91]

Proposed Collection; Comment

Request for Regulation Project

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

SUMMARY: The Department of the

Treasury, as part of its continuing effort

to reduce paperwork and respondent

burden, invites the general public and

other Federal agencies to take this

opportunity to comment on proposed

and/or continuing information

collections, as required by the

Paperwork Reduction Act of 1995, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning an existing final

regulation, CO–99–91 (TD 8490),

Limitations on Corporate Net Operating

Loss (§ 1.382–3).

DATES: Written comments should be

received on or before September 14,

1998 to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5571, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the regulation should be

directed to Carol Savage, (202) 622–

3945, Internal Revenue Service, room

5569, 1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Limitations on Corporate Net

Operating Loss.

OMB Number: 1545–1345.

Regulation Project Number: CO–99–

91.

Abstract: This regulation modifies the

application of the segregation rules

under Internal Revenue Code section

382 in the case of certain issuances of

stock by a loss corporation. The

regulation provides exceptions to the

segregation rules for certain small

issuances of stock and for certain other

issuances of stock for cash. The

regulation also provides that taxpayers
Federal Register / Vol. 63, No. 135 /Wednesday, July 15, 1998 / Notices 38227

1The lease of the line is subject to a permanent,

irrevocable overhead trackage rights easement

retained by the Union Pacific Railroad Company.

See Royal Gorge Express, LLC—Acquisition and

Operation Exemption—Union Pacific Railroad

Company, STB Finance Docket No. 33622 (STB

served July 15, 1998).

may make an irrevocable election to

apply the exceptions retroactively.

Current Actions: There is no change to

this existing regulation.

Type of Review: Extension of OMB

approval.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

10.

Estimated Time Per Respondent: 1

hour.

Estimated Total Annual Burden

Hours: 10.

The following paragraph applies to all

of the collections of information covered

by this notice:

An agency may not conduct or

sponsor, and a person is not required to

respond to, a collection of information

unless the collection of information

displays a valid OMB control number.

Books or records relating to a

collection of information must be

retained as long as their contents may

become material in the administration

of any internal revenue law. Generally,

tax returns and tax return information

are confidential, as required by 26

U.S.C. 6103.

Request for Comments

Comments submitted in response to

this notice will be summarized and/or

included in the request for OMB

approval. All comments will become a

matter of public record.

Comments are invited on: (a) whether

the collection of information is

necessary for the proper performance of

the functions of the agency, including

whether the information shall 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 to be collected; (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;

and (e) estimates of capital or start-up

costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: July 7, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–18747 Filed 7–14–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33595]

Delaware and Hudson Railway

Company, Inc.—Acquisition and

Operation Exemption—Consolidated

Rail Corporation

AGENCY: Surface Transportation Board.

ACTION: Notice of Exemption.

SUMMARY: The Board exempts from the

prior approval requirements of 49 U.S.C.

10902 the acquisition and operation by

Delaware and Hudson Railway

Company, Inc. (D&H) of 1.7 miles of rail

line in Lackawanna County, PA. D&H

will acquire Consolidated Rail

Corporation’s (Conrail) Taylor Yard

Industrial Track between milepost

135.84 and milepost 136.7. Included in

this is the D&H segment of Conrail’s

Keyser Wye track between milepost

135.84 and milepost 136.37, which is

parallel and adjacent to the subject

portion of the Conrail Keyser Industrial

Track.

DATES: This exemption will be effective

on August 14, 1998. Petitions to stay

must be filed by July 30, 1998. Petitions

to reopen must be filed by August 10,

1998.

ADDRESSES: An original and 10 copies of

all pleadings, referring to STB Finance

Docket No. 33595, 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 all

pleadings must be served on petitioner’s

representative, Larry D. Starns, Esq.,

Leonard, Street & Deinard, 150 South

Fifth Street, Suite 2300, Minneapolis,

MN 55402.

SUPPLEMENTARY INFORMATION:

Additional information is contained in

the Board’s decision. To purchase a

copy of the full decision, write to, call,

or pick up in person from: DC News &

Data, Inc., 1925 K Street, N.W., Suite

210, Washington, DC 20006. Telephone:

(202) 289–4357. [Assistance for the

hearing impaired is available through

TDD services at (202) 565–1695.]

Board decisions and notices are

available on our website at

‘‘WWW.STB.DOT.GOV.’’

Decided: June 29, 1998.

By the Board, Chairman Morgan and Vice

Chairman Owen.

Vernon A. Williams,

Secretary.

[FR Doc. 98–18047 Filed 7–14–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33608]

Rock & Rail, Inc.—Lease and

Operation Exemption—Royal Gorge

Express, LLC

Rock & Rail, Inc., a noncarrier, has

filed a verified notice of exemption

under 49 CFR 1150.31 to lease from

Royal Gorge Express, LLC, and to

operate, approximately 11.75 miles of

rail line in Freemont County, CO,

between milepost 171.90, at Parkdale,

and milepost 160.15, at Canon City.1

The transaction was scheduled to be

consummated on or after July 6, 1998.

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

revoke will not automatically stay the

transaction.

An original and 10 copies of all

pleadings, referring to STB Finance

Docket No. 33608, must be filed with

the Surface Transportation Board, Office

of the Secretary, Case Control Unit, 1925

K Street, NW, Washington, DC 20423–

0001. In addition, a copy of each

pleading must be served on Fritz R.

Kahn, Esq., 1100 New York Avenue,

NW, Suite 750, Washington, DC 20005–

3934.

Board decisions and notices are

available on our website at

‘‘WWW.STB.DOT.GOV.’’

Decided: July 8, 1998.

By the Board, Joseph H. Dettmar,

Acting Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–18851 Filed 7–14–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33622]

Royal Gorge Express—LLC—

Acquisition and Operation

Exemption—Union Pacific Railroad

Company

Royal Gorge Express, LLC, a

noncarrier, has filed a verified notice of