This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents. Prices of

new books are listed in the first FEDERAL

REGISTER issue of each week.

Rules and Regulations Federal Register

40169

Vol. 63, No. 144

Tuesday, July 28, 1998

DEPARTMENT OF AGRICULTURE

Rural Utilities Service

7 CFR Part 1773

RIN 0572–AA93

Policy on Audits of RUS Borrowers;

Correction

AGENCY: Rural Utilities Service, USDA.

ACTION: Correcting amendment.

SUMMARY: This document contains

corrections to the final regulation which

was published Friday, July 17, 1998 (63

FR 38720). The regulation relates to

audit regulations necessitated by the

Single Audit Act Amendments of 1996

and by Office of Management and

Budget (OMB) Circular A–133, Audits of

States, Local Governments, and NonProfit Organizations effective for audits

of fiscal years beginning after June 30,

1996. The rule clarifies the peer review

requirements in the interim final rule

for certified public accountants (CPA)

performing audits of RUS borrowers,

adopts individual management letters

for electric and telecommunications

borrowers, and revises the language of

the auditor’s report and management

letter to conform with technical

guidance provided by the American

Institute of Certified Public Accountants

(AICPA).

EFFECTIVE DATE: July 28, 1998.

FOR FURTHER INFORMATION CONTACT: Mr.

Richard Annan, Chief, Technical

Accounting and Auditing Staff, Program

Accounting Services Division, Rural

Utilities Service, Stop 1523, room 2221,

South Building, U.S. Department of

Agriculture, 1400 Independence

Avenue, SW, Washington, DC 20250–

1523, telephone number (202) 720–

5227.

SUPPLEMENTARY INFORMATION:

Background

The final regulation that is the subject

of these corrections implements the

changes required by the Single Audit

Act Amendments of 1996 (Act). The Act

promotes sound financial management

with respect to Federal awards

administered by non-Federal entities,

established uniform requirements for

audits of Federal awards, promote the

efficient and effective us of audit

resources, and reduce the burden on

State and local governments, Indian

tribes, and non-profit organizations.

Also this rule clarifies the peer review

requirements in the interim final rule

for CPA performing audits of RUS

borrowers, adopts individual

management letters for electric and

telecommunications borrowers, and

revises the language of the auditor’s

report and management letter to

conform with technical guidance by the

AICPA.

Need for Correction

As published, the final rule contains

information that may be misleading and

is in need of modification.

Correction of Publication

Accordingly, the publication on July

17, 1998, of the final rule, which was

the subject of FR Doc. 98–18758, is

corrected as follows:

§ 1773.33 [Corrected]

1. On page 38723, in the second

column, in § 1773.33, paragraph

(e)(1)(ii)(C), the word ‘‘plant’’ should be

removed and the word ‘‘borrower’’ is

added in its place.

Appendix A to Part 1773—[Corrected]

2. Exhibit 4—SAMPLE FINANCIAL

STATEMENTS. The exhibit 4, Center

Telephone Company Balance SheetsDecember 31, 19X9 and 19X8 Assets

(Notes 1 and 2), published at Appendix

A to Part 1773, beginning on page 38725

through page 38727 is replaced with

exhibit 4, Center County Electric

Cooperative Balance Sheets-December

31, 19X9 and 19X8 Assets (Notes 1 and

2), which was inadvertently published

at Appendix B to Part 1773.

Appendix B to Part 1773—[Corrected]

3. Exhibit 4—SAMPLE FINANCIAL

STATEMENTS. The exhibit 4, Center

County Electric Cooperative Balance

Sheets-December 31, 19X9 and 19X8

Assets (Notes 1 and 2), published at

Appendix B to Part 1773, beginning on

page 38729 to 38733 is replaced with

exhibit 4, Center Telephone Company

Balance Sheets-December 31, 19X9 and

19X8 Assets (Notes 1 and 2), which was

inadvertently published at Appendix A

to Part 1773.

Dated: July 22, 1998.

Wally Beyer,

Administrator, RUS.

[FR Doc. 98–20073 Filed 7–27–98; 8:45 am]

BILLING CODE 3410–15–P

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 98–ASW–32]

Revision of Class D Airspace;

McKinney, TX.

AGENCY: Federal Aviation

Administration (FAA), DOT.

ACTION: Direct final rule; request for

comments.

SUMMARY: This amendment revises the

Class D airspace at McKinney, TX. The

development of global positioning

system (GPS) standard instrument

approach procedure (SIAP) at McKinney

Municipal Airport, McKinney, TX, has

made this rule necessary. This action is

intended to provide adequate additional

controlled airspace for aircraft operating

under Instrument flight Rules (IFR) in

the vicinity of McKinney Municipal

Airport, McKinney, TX.

DATES: Effective: 0901 UTC, December

3, 1998. Comment Date: Comments must

be received on or before September 11,

1998.

ADDRESSES: Send comments on the rule

in triplicate to Manager, Airspace

Branch, Air Traffic Division, Federal

Aviation Administration, Southwest

Region, Docket No. 98–ASW–32, Fort

Worth, TX 76193–0520.

The official docket may be examined

in the Office of the Regional Counsel,

Southwest Region, Federal Aviation

Administration, 2601 Meacham

Boulevard, Room 663, Fort Worth, TX,

between 9:00 AM and 3:00 PM, Monday

through Friday, except Federal holidays.

An informal docket may also be

examined during normal business hours

at the Airspace Branch, Air Traffic

Division, Federal Aviation
40170 Federal Register / Vol. 63, No. 144 /Tuesday, July 28, 1998 /Rules and Regulations

Administration, Southwest Region,

Room 414, Fort Worth, TX.

FOR FURTHER INFORMATION CONTACT:

Donald J. Day, Airspace Branch, Air

Traffic Division, Southwest Region,

Aviation Administration, Fort Worth,

TX 76193–0520, telephone 817–322–

5593.

SUPPLEMENTARY INFORMATION: This

amendment to 14 CFR part 71 revises

the Class D airspace at McKinney

Municipal Airport, McKinney, TX. The

development of GPS SIAP to RWY’s 17

and 35 at McKinney Municipal Airport,

McKinney, TX, has made this action

necessary. The intended effect of this

action is to provide additional

controlled airspace for aircraft operating

under Instrument Flight Rules (IFR) in

the vicinity of McKinney Municipal

Airport, TX.

Class D airspace designations are

published in Paragraph 5000 of FAA

Order 7400.9E, dated September 10,

1997, and effective September 16,1997,

which is incorporated by reference in 14

CFR § 71.1. The Class D airspace

designation listed in this document will

be published subsequently in the order.

The Direct Final Rule Procedure

The FAA anticipates that this

regulation will not result in any adverse

or negative comment and therefore is

issuing it as a direct final rule. A

substantial number of previous

opportunities provided to the public to

comment on substantially identical

actions have resulted in negligible

adverse comments or objections. Unless

a written adverse or negative comment,

or a written notice of intent to submit

an adverse or negative comment is

received within the comment period,

the regulation will become effective on

the date specified above. After the close

of the comment period, the FAA will

publish a document in the Federal

Register indicating that no adverse or

negative comments were received and

confirming the date on which the final

rule will become effective. If the FAA

does receive, within the comment

period, an adverse or negative comment,

or written notice of intent to submit

such a comment, a document

withdrawing the direct final rule will be

published in the Federal Register, and

a notice of proposed rulemaking may be

published with a new comment period.

Comments Invited

Although this action is in the form of

a final rule and was not preceded by a

notice of proposed rulemaking,

comments are invited on this rule.

Interested persons are invited to

comment on this rule by submitting

such written data, views, or arguments

as they may desire. Communications

should identify the Rules Docket

number and be submitted in triplicate to

the address specified under the caption

ADDRESSES. All communications

received on or before the closing date

for comments will be considered, and

this rule may be amended or withdrawn

in light of the comments received.

Factual information that supports the

commenter’s ideas and suggestions is

extremely helpful in evaluating the

effectiveness of this action and

determining whether additional

rulemaking action is needed.

Comments are specifically invited on

the overall regulatory, economic,

environmental, and energy aspects of

the rule that might suggest a need to

modify the rule. All comments

submitted will be available, both before

and after the closing date for comments,

in the Rules Docket for examination by

interested persons. A report that

summarizes each FAA public contact

concerned with the substance of this

action will be filed in the Rules Docket.

Commenters wishing the FAA to

acknowledge receipt of their comments

submitted in response to this rule must

submit a self-addressed, stamped

postcard on which the following

statement is made ‘‘Comments to Docket

No. 98–ASW–32.’’ The postcard will be

date stamped and returned to the

commenter.

Agency Findings

The regulations adopted herein will

not have substantial direct effects on the

states, on the relationship between the

national government and the states, or

on the distribution of power and

responsibilities among the various level

of government. Therefore, in accordance

with Executive Order 12612, it is

determined that this final rule does not

have sufficient federalism implications

to warrant the preparation of a

Federalism Assessment.

Further, the FAA has determined that

this regulation is noncontroversial and

unlikely to result in adverse or negative

comments and only involves an

established body of technical

regulations that require frequent and

routine amendments to keep them

operationally current. Therefore, I

certify that this regulation (1) is not a

‘‘significant regulatory action’’ under

Executive Order 12866; (2) is not a

‘‘significant rule’’ under DOT

Regulatory Policies and Procedures (44

FR 11034; February 26, 1979); and (3) if

promulgated, will not have a significant

economic impact, positive or negative,

on a substantial number of small entities

under the criteria of the Regulatory

Flexibility Act. Since this rule involves

routine matters that will only affect air

traffic procedures and air navigation, it

does not warrant preparation of a

Regulatory Flexibility Analysis because

the anticipated impact is so minimal.

List of Subjects in 14 CFR Part 71

Airspace, Incorporation by reference,

Navigation (air).

Adoption of the Amendment

Accordingly, pursuant to the

authority delegated to me, the Federal

Aviation Administration amends 14

CFR part 71 as follows:

PART 71—DESIGNATION OF CLASS A,

CLASS B, CLASS C, CLASS D, AND

CLASS E AIRSPACE AREAS;

AIRWAYS; ROUTES; AND REPORTING

POINTS

1. The authority citation for 14 CFR

part 71 continues to read as follows:

Authority: 49 U.S.C. 106(g), 40103, 40113,

40120; E.O. 10854; 24 FR 9565, 3 CFR, 1959–

1963 Comp., p. 389.

§ 71.1 [Amended]

2. The incorporation by reference in

14 CFR 71.1 of the Federal Aviation

Administration Order 7400.9E, Airspace

Designations and Reporting Points,

dated September 10, 1997, and effective

September 16, 1997, is amended as

follows:

Paragraph 5000 Class D airspace areas

* * * * *

ASW TX D McKinney, TX [Revised]

McKinney, McKinney Municipal Airport, TX

(lat. 33°10′41′′ N., long. 96°35′26′′ W.)

That airspace extending upward from the

surface to and including 2,900 feet MSL

within a 4.2-mile radius of the McKinney

Municipal Airport and within 1 mile each

side of the 002° bearing from the McKinney

Municipal Airport extending from the 4.2-

mile radius to 4.6 miles north of the airport.

This Class D airspace is effective during the

specific dates and times established in

advance by a Notice to Airmen. The effective

date and time will thereafter be continually

published in the Airport/Facility Directory.

* * * * *

Issued in Fort Worth, TX, on July 15, 1998.

Albert L. Viselli,

Acting Manager, Air Traffic Division,

Southwest Region.

[FR Doc. 98–20028 Filed 7–27–98; 8:45 am]

BILLING CODE 4910–13–M