Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 / Notices 3945

1A petition to reject the notice has been filed. The

Board will address that petition in a subsequent

decision.

2There currently is a large service list in the

related proceeding in STB Finance Docket No.

33508 because over 300 individuals representing

themselves have filed letters opposing the

transaction. In response to a request by joint

petitioners, The Cities of Lee’s Summit, MO, and

Raytown, MO, and to relieve all parties of

unnecessary burdens, the Board will place the

individuals who reside in Lee’s Summit or Raytown

into ‘‘advise of all proceedings’’ status rather than

‘‘party of record’’ status. It will not be necessary to

serve copies of pleadings on these individuals, but

the Board will expect the joint petitioners to keep

them fully informed so that they can participate in

proceedings before the Board should they desire to

do so.

1A petition to reject the notice has been filed. The

Board will address that petition in a subsequent

decision.

2There currently is a large service list in this

proceeding because over 300 individuals

representing themselves have filed letters opposing

the transaction. In response to a request by joint

petitioners, The Cities of Lee’s Summit, MO, and

Raytown, MO, and to relieve all parties of

unnecessary burdens, the Board will place the

individuals who reside in Lee’s Summit or Raytown

into ‘‘advise of all proceedings’’ status rather than

‘‘party of record’’ status. It will not be necessary to

serve copies of pleadings on these individuals, but

the Board will expect the joint petitioners to keep

them fully informed so that they can participate in

proceedings before the Board should they desire to

do so.

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33537]

GRC Holdings Corporation—

Acquisition Exemption—Union Pacific

Railroad Company

GRC Holdings Corporation (GRCH), a

noncarrier, has filed a verified notice of

exemption under 49 CFR 1150.31 to

acquire from Union Pacific Railroad

Company (UP) a 244.5-mile line of

railroad between Vigus, MO (milepost

19.0), and Pleasant Hill, MO (milepost

263.5). GRCH intends immediately to

convey to Missouri Central Railroad

Company (MCRR) the assets necessary

to conduct railroad operations over the

line.

The earliest date possible for

consummation of the transaction is

March 17, 1998, 60 days after GRCH

certified that it posted the required

notice at the affected employees’

workplace and served notice of the

transaction, as required, on the national

offices of the labor unions with

employees on the affected line.

This transaction is related to STB

Finance Docket No. 33508, Missouri

Central Railroad Company—Acquisition

and Operation Exemption—Lines of

Union Pacific Railroad Company,

wherein MCRR has filed a verified

notice of exemption to acquire: (1) the

above-noted railroad assets from GRCH,

and (2) specified incidental trackage

rights directly from UP.

This notice is filed under 49 CFR

1150.31. If the notice contains false or

misleading information, the exemption

is void ab initio.1 A petition 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. 33537, 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 David C.

Reeves, 1300 I Street, N.W., Suite 500

East, Washington, DC 20005–3314.2

Decided: January 20, 1998.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–1911 Filed 1–26–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 33508]

Missouri Central Railroad Company—

Acquisition and Operation

Exemption—Lines of Union Pacific

Railroad Company

Missouri Central Railroad Company

(MCRR), a noncarrier, has filed a

verified notice of exemption under 49

CFR 1150.31 to acquire from GRC

Holdings Corporation (GRCH) and to

operate a 244.5-mile line of railroad

currently owned by Union Pacific

Railroad Company (UP) between Vigus,

MO (milepost 19.0), and Pleasant Hill,

MO (milepost 263.5). MCRR also is

acquiring directly from UP incidental

trackage rights over UP’s lines of

railroad between Vigus (milepost 19.0)

and Rock Island Junction, MO (milepost

10.3), and between Pleasant Hill

(milepost 263.5) and Leeds Junction,

MO (milepost 288.3), a total distance of

33.5 miles.

The earliest date possible for

consummation of the acquisition from

GRCH is March 17, 1998, 60 days after

GRC certified, in the related proceeding

below, that it posted the required notice

at the affected employees’ workplace

and served notice of the transaction, as

required, on the national offices of the

labor unions with employees on the

affected line.

This transaction is related to STB

Finance Docket No. 33537, GRC

Holdings Corporation—Acquisition

Exemption—Union Pacific Railroad

Company, wherein GRCH has

concurrently filed a verified notice of

exemption to acquire the above-noted

244.5-mile line from UP.

This notice is filed under 49 CFR

1150.31. If the notice contains false or

misleading information, the exemption

is void ab initio.1 A petition 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. 33508, 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 David C.

Reeves, 1300 I Street, N.W., Suite 500

East, Washington, DC 20005–3314.2

Decided: January 20, 1998.

By the Board, David M. Konschnik,

Director, Office of Proceedings.

Vernon A. Williams,

Secretary.

[FR Doc. 98–1912 Filed 1–26–98; 8:45 am]

BILLING CODE 4915–00–P

DEPARTMENT OF THE TREASURY

[Treasury Directive 13–03]

Departmental Offices; Delegation of

Authority Related to the United States

Community Adjustment and

Investment Program, and Designation

of Representative on the Community

Adjustment and Investment Program

Finance Committee

January 21, 1998.

1. Purpose. This Directive makes

certain delegations and a designation to

the Assistant Secretary (Financial

Markets) relating to the United States

Community Adjustment and Investment

Program (the CAI Program) in support of

the North American Free Trade

Agreement (the NAFTA).

2. Background. The North American

Free Trade Agreement Implementation

Act (Public Law 103–182, 107 Stat.

2057) (the Act) authorized the CAI

Program in support of the NAFTA.

Executive Order 12916, dated May 13,

1994 (the Executive Order), delegated to

the Secretary of the Treasury certain

functions given to the President under

the Act relating to the CAI Program. The

Executive Order also established an

interagency Community Adjustment
3946 Federal Register / Vol. 63, No. 17 /Tuesday, January 27, 1998 / Notices

and Investment Program Finance

Committee (the Finance Committee) to

implement the CAI Program. Treasury

Order (TO) 100–13, ‘‘Delegation of

Authority Related to the United States

Community Adjustment and Investment

Program in Support of NAFTA and

Designation of Representative on the

Community Adjustment and Investment

Program Finance Committee,’’ delegated

to the Under Secretary for Domestic

Finance, all of the Secretary’s

authorities under the Executive Order

and designated the Under Secretary for

Domestic Finance as the Department of

the Treasury’s representative on the

Finance Committee.

3. Delegation. a. The duties, powers,

rights, and obligations of the Secretary

of the Treasury under the Executive

Order, which are vested in the Under

Secretary for Domestic Finance

pursuant to TO 100–13, are hereby

redelegated to the Assistant Secretary

(Financial Markets).

OPI: U S (Domestic Finance)

b. The Department of the Treasury’s

representative on the Finance

Committee established by the Executive

Order, which is designated as the Under

Secretary for Domestic Finance

pursuant to TO 100–13, is hereby

redesignated as the Assistant Secretary

(Financial Markets).

4. Redelegation. The Assistant

Secretary (Financial Markets) may

redelegate in writing to an appropriate

subordinate official the authorities

granted under this Directive, and may

redesignate in writing an appropriate

subordinate official as the Department

of the Treasury’s representative on the

Finance Committee.

5. Authority. TO 100–13, ‘‘Delegation

of Authority Related to the United

States Community Adjustment and

Investment Program in Support of

NAFTA and Designation of

Representative on the Community

Adjustment and Investment Program

Finance Committee,’’ dated August 17,

1995.

6. Expiration Date. This Directive

shall expire three years from the date of

issuance unless superseded or cancelled

prior to that date.

7. Office of Primary Interest. Office of

the Under Secretary for Domestic

Finance.

John D. Hawke, Jr.,

Under Secretary for Domestic Finance.

[FR Doc. 98–1846 Filed 1–26–98; 8:45 am]

BILLING CODE 4810–25–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Notice 98–8

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,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning Notice

98–8, ligible Deferred Compensation

Plans under Section 457.

DATES: Written comments should be

received on or before March 30, 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 information collection

should be directed to Carol Savage,

(202) 622–3945, Internal Revenue

Service, room 5569, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Eligible Deferred Compensation

Plans under Section 457.

OMB Number: 1545–1580.

Notice Number: Notice 98–8.

Abstract: The Small Business Job

Protection Act of 1996 and the Taxpayer

Relief Act of 1997 made changes to rules

under Internal Revenue Code section

457 regarding eligible deferred

compensation plans offered by state and

local governments. Notice 98–8 requires

state and local governments to establish

a written trust, custodial account, or

annuity contract to hold the assets and

income in trust for the exclusive benefit

of its participants and beneficiaries.

Also, new non-bank custodians must

submit applications to the IRS to be

approved to serve as custodians of

section 457 plan assets.

Current Actions: There are no changes

being made to the notice at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: State, local or tribal

governments.

Estimated Number of Respondents:

10,260.

Estimated Time Per Respondent: 1

hour, 2 minutes.

Estimated Total Annual Burden

Hours: 10,600.

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: January 15, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–1814 Filed 1–26–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

[PS–27–91]

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