Federal Register / Vol. 74, No. 58 / Friday, March 27, 2009 / Rules and Regulations 13339 

TABLE 1—AFFECTED PROPELLER

BLADES BY SN—Continued 

278 

403 

747 

1007 

1031 

1510 

1515 

1803 

1813 

1823 

1834 

1917 

2072 

2299 

2300 

2383 

2459 

2460 

2462 

2464 

2469 

2470 

2473 

2492 

2510 

2535 

2577 

2625 

20010731 

20010732 

20010917 

20020568 

Unsafe Condition 

(d) This AD results from reports of blades 

with corrosion pits in the tulip area of the 

blades. We are issuing this AD to prevent 

cracks from developing in the tulip area of 

the blade, which could result in separation 

of the blade and loss of airplane control. 

Compliance 

(e) You are responsible for having the 

actions required by this AD performed within 

30 days after the effective date of this AD. 

Removing Blades P/Ns R815505R2, 

R815505R3, R815505R4, R815505S2, and 

R815505S3 

(f) Remove from service blades, P/Ns 

R815505R2, R815505R3, R815505R4, 

R815505S2, and R815505S3, that have a SN 

listed in Table 1 of this AD. 

Alternative Methods of Compliance 

(g) The Manager, Boston Aircraft 

Certification Office, has the authority to 

approve alternative methods of compliance 

for this AD if requested using the procedures 

found in 14 CFR 39.19. 

Special Flight Permits 

(h) Under 14 CFR 39.23, we will not issue 

any special flight permits. 

Related Information 

(i) Hamilton Sundstrand Alert Service 

Bulletin 568F–61–A47, dated September 19, 

2005, pertains to the subject of this AD 

Contact Hamilton Sundstrand Propeller 

Technical Team, One Hamilton Road, Mail 

Stop 1–3–AB43, Windsor Locks, CT 06096– 

1010; fax (860) 654–5107, for a copy of this 

service information. 

(j) Contact Terry Fahr, Aerospace Engineer, 

Boston Aircraft Certification Office, FAA, 

Engine & Propeller Directorate, 12 New 

England Executive Park, Burlington, MA 

01803; e-mail: terry.fahr@faa.gov; telephone 

(781) 238–7155; fax (781) 238–7170, for more 

information about this AD. 

Material Incorporated by Reference 

(k) None. 

Issued in Burlington, Massachusetts, on 

March 20, 2009. 

Peter A. White, 

Assistant Manager, Engine and Propeller 

Directorate, Aircraft Certification Service. 

[FR Doc. E9–6876 Filed 3–26–09; 8:45 am] 

BILLING CODE 4910–13–P 

DEPARTMENT OF HOUSING AND 

URBAN DEVELOPMENT 

24 CFR Parts 5, 92, and 908 

[Docket No. FR–4998–F–04] 

RIN 2501–AD16 

Refinement of Income and Rent 

Determination Requirements in Public 

and Assisted Housing Programs: 

Delay of Effective Date 

AGENCY: Office of the Secretary, HUD. 

ACTION: Final rule; Delay of effective 

date. 

SUMMARY: HUD is delaying the effective 

date of the rule entitled ‘‘Refinement of 

Income and Rent Determination 

Requirements in Public and Assisted 

Housing Programs’’ published in the 

Federal Register on January 27, 2009. 

The rule, which was originally 

scheduled to become effective on March 

30, 2009, will become effective on 

September 30, 2009. Today’s action 

follows publication of HUD’s February 

11, 2009, Federal Register notice 

seeking public comment on whether 

delay in the effective date of the January 

27, 2009, final rule, would be beneficial 

in further consideration of the rule’s 

policies. This action is being taken in 

accordance with the memorandum of 

January 20, 2009, from the assistant to 

the President and Chief of Staff, entitled 

‘‘Regulatory Review.’’ 

DATES: Effective Date: The effective date 

of the final rule, which was published 

on January 27, 2009 (74 FR 4832) is 

delayed until September 30, 2009. 

FOR FURTHER INFORMATION CONTACT: For 

Office of Public and Indian Housing 

programs, contact Nicole Faison, 

Director of the Office of Public Housing 

Programs, Department of Housing and 

Urban Development, 451 7th Street, 

SW., Room 4226, Washington, DC 

20410, telephone number 202–708– 

0744. For Office of Housing Programs, 

contact Gail Williamson, Director of the 

Housing Assistance Policy Division, 

Department of Housing and Urban 

Development, 451 7th Street, SW., 

Room 6138, Washington, DC 20410, 

telephone number 202–402–2473. 

(These are not toll-free numbers.) 

Persons with hearing or speech 

impairments may access these numbers 

through TTY by calling the toll-free 

Federal Information Relay Service at 

800–877–8339. 

SUPPLEMENTARY INFORMATION: 

I. Background 

On January 27, 2009 (74 FR 4832), 

HUD published a final rule, entitled 

‘‘Refinement of Income and Rent 

Determination Requirements in Public 

and Assisted Housing Programs.’’ The 

January 27, 2009, final rule revises 

HUD’s public and assisted housing 

program regulations to implement the 

upfront income verification process for 

program participants and to require the 

use of HUD’s Enterprise Income 

Verification (EIV) system by public 

housing agencies and owners and 

management agents. The final rule was 

originally scheduled to become effective 

on March 30, 2009, but provided 

multifamily housing owners and 

management agents with an additional 

six months (until September 30, 2009) 

to implement use of the EIV. 

On February 11, 2009 (74 FR 6839), 

HUD published a notice in the Federal 

Register seeking public comment on 

whether delay in the effective date of 

the January 27, 2009, final rule, would 

be beneficial to further consider the 

rule’s policies before they become 

effective. The notice was issued in 

accordance with the memorandum of 

January 20, 2009, from the assistant to 

the President and Chief of Staff, entitled 

‘‘Regulatory Review’’ and subsequently 

published in the Federal Register on 

January 26, 2009 (74 FR 4435). The 

notice explained that HUD was 

considering a temporary 60-day delay in 

the effective date to allow HUD officials 

the opportunity for further review and 

consideration of new regulations, 

consistent with the Chief of Staff 

memorandum of January 20, 2009. 

In addition to seeking public 

comment, in the February 11, 2009, 

notice HUD took the opportunity to 

address questions received subsequent 

to publication of the January 27, 2009, 

final rule pertaining to the provisions 

requiring the use of social security 

numbers for determining program 

eligibility. The February 11, 2009, 

notice clarified that these requirements 

are not intended to apply to individuals, 

in mixed families, who do not contend 


sroberts on PROD1PC70 with RULES
13340 Federal Register / Vol. 74, No. 58 / Friday, March 27, 2009 / Rules and Regulations 

eligible immigration status under HUD’s 

noncitizens regulations, nor do they 

interfere with existing requirements 

relative to proration of assistance or 

screening for such families, or authorize 

their eviction or denial of admission on 

the basis of the new requirements 

pertaining to obtaining social security 

numbers. 

The February 11, 2009, notice 

solicited comments specifically on a 

delayed effective date, but also generally 

on the January 27, 2009 final rule. HUD 

received approximately 50 comments in 

response to the February 11, 2009, 

notice. The majority of comments were 

supportive of a delayed effective date. 

The majority of the commenters also 

raised additional questions and 

comments about various aspects of the 

January 27, 2009, final rule. 

II. This Final Rule 

Through this final rule, HUD delays 

the effective date of the January 27, 

2009, final rule until September 30, 

2009. A delay until September 30, 2009 

will provide HUD with additional time 

to review the public comments received 

in response to the February 11, 2009, 

notice, respond to those comments in a 

subsequent publication, and consider 

whether additional regulations or 

changes to the regulations in the January 

27, 2009, final rule are necessary or 

appropriate. Since September 30, 2009, 

is the date in the January 27, 2009, final 

rule for multifamily housing owners and 

management agents to implement the 

use of EIV, the Department has 

determined not to provide additional 

delay in implementation in the use of 

EIV for multifamily housing owners and 

management agents as provided in the 

January 27, 2009, final rule. The 

implementation date for public housing 

agencies, multifamily housing owners, 

and management agents will now all be 

the same as the new effective date, 

September 30, 2009. Should HUD 

determine that additional rulemaking is 

necessary or appropriate, HUD will 

provide the public with the opportunity 

to comment on any proposed changes to 

the regulations in the January 27, 2009, 

final rule. 

Dated: March 24, 2009. 

Paula O. Blunt, 

General Deputy Assistant Secretary for Public 

and Indian Housing. 

[FR Doc. E9–6942 Filed 3–26–09; 8:45 am] 

BILLING CODE 4210–67–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

Determination of Interest Expense 

Deduction of Foreign Corporations 

CFR Correction 

In Title 26 of the Code of Federal 

Regulations, Part 1 (§§ 1.851 to 1.907), 

revised as of April 1, 2008, on page 436, 

in § 1.882–5, reinstate paragraph 

(d)(2)(ii)(B) to read as follows: 

§ 1.882–5 Determination of interest 

deduction. 

* * * * * 

(d) * * * 

(2) * * * 

(ii) * * * 

(B) Identified liabilities not properly 

reflected. A liability is not properly 

reflected on the books of the U.S. trade 

or business merely because a foreign 

corporation identifies the liability 

pursuant to § 1.884–4(b)(1)(ii) and (b)(3). 

* * * * * 

[FR Doc. E9–6944 Filed 3–26–09; 8:45 am] 

BILLING CODE 1505–01–D 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

26 CFR Part 1 

[TD 9446] 

RIN 1545–BGO9 

Gain Recognition Agreements With 

Respect to Certain Transfers of Stock 

or Securities by United States Persons 

to Foreign Corporations; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Correcting amendments. 

SUMMARY: This document contains 

corrections to final regulations (TD 

9446) that were published in the 

Federal Register on Wednesday, 

February 11, 2009 concerning gain 

recognition agreements filed by United 

States persons with respect to transfers 

of stock or securities to foreign 

corporations. 

DATES: This correction is effective on 

March 27, 2009, and is applicable on 

March 13, 2009. 

FOR FURTHER INFORMATION CONTACT: S. 

James Hawes, (202) 622–3860 (not a tollfree number). 

SUPPLEMENTARY INFORMATION: 

Background 

The final regulations that are the 

subject of this document are under 

section 367(a) of the Internal Revenue 

Code. 

Need for Correction 

The final regulations (TD 9446) that 

were published in the Federal Register 

on February 11, 2009 (74 FR 6952), 

inadvertently removed Treas. Reg. 

§ 1.367(a)–3T in its entirety rather than 

removing § 1.367(a)–3T(e), (f)(1), (f)(2), 

and the second sentence of § 1.367(a)– 

3T(f)(3). This document correctly adds 

the text of § 1.367(a)–3T back into the 

Code of Federal Regulations. 

List of Subjects in 26 CFR Part 1 

Income taxes, Reporting and 

recordkeeping requirements. 

Correction of Publication 

■ Accordingly, 26 CFR part 1 is 

corrected by making the following 

correcting amendments: 

PART 1—INCOME TAXES 

■ Paragraph 1. The authority citation 

for part 1 continues to read in part as 

follows: 

Authority: 26 U.S.C. 7805 * * * 

■ Par. 2. Section 1.367(a)–3T is added 

to read as follows: 

§ 1.367(a)–3T Treatment of transfers of 

stock or securities to foreign corporations 

(temporary). 

(a) through (b)(2)(i)(B) [Reserved]. For 

further guidance, see § 1.367(a)–3(a) 

through (b)(2)(i)(B). 

(b)(2)(i)(C) If in connection with a 

transaction described in § 1.367(b)–14T, 

one or more U.S. persons transfer stock 

of T, as defined in § 1.358–6(b)(1)(iii), to 

a corporation in a transfer described in 

section 367(a), and the amount of gain 

in the T stock that would otherwise be 

recognized under section 367(a) is less 

than the deemed distribution that would 

result from the adjustments made under 

§ 1.367(b)–14T and that would be 

treated as a dividend under section 

301(c)(1), then section 367(b), and not 

section 367(a), shall apply to such 

transaction. This paragraph (b)(2)(i)(C) 

applies to transfers occurring on or after 

May 23, 2008. 

(b)(2)(ii) through (f) [Reserved]. For 

further guidance, see § 1.367(a)– 

3(b)(2)(ii) through (f). 

(g) Effective/applicability date. 

Paragraph (b)(2)(i)(C) of this section 

applies to transfers occurring on or after 

May 23, 2008. 

(h) Expiration date. The applicability 

of paragraph (b)(2)(i)(C) of this section 

expires on May 23, 2011. 


sroberts on PROD1PC70 with RULES