Federal Register / Vol. 60, No. 96 / Thursday, May 18, 1995 / Notices 26741

the sanctions resulting from the

application of section 4975 of the Code,

by reason of section 4975(c)(1) (A)

through (E) of the Code, shall not apply

to the past lease (the Lease) of space in

an office building located in Cedar

Knolls, New Jersey (the Building) from

December 22, 1993 until June 24, 1994

by SAR to The Travelers Insurance

Company (Travelers), a party in interest

with respect to employee benefit plans

invested in SAR, provided that the

following conditions were satisfied:

(a) All terms and conditions of the

Lease were at least as favorable to SAR

as those which SAR could have

obtained in an arm’s-length transaction

with an unrelated party at the time the

Lease was executed;

(b) The rent paid by Travelers to SAR

under the Lease was not less than the

fair market rental value of the office

space;

(c) LaSalle Partners (LaSalle), acting

as a qualified, independent fiduciary for

SAR during the time that the Building

was owned by SAR, reviewed all terms

and conditions of the Lease prior to the

transaction, as well as any subsequent

modifications to the Lease, and

determined that such terms and

conditions would be in the best interests

of SAR at the time of the transaction;

(d) LaSalle represented the interests of

SAR for all purposes under the Lease as

a qualified, independent fiduciary for

SAR, monitored the performance of the

parties under the terms and conditions

of the Lease, and took whatever action

was necessary to safeguard the interests

of SAR with respect to the Lease during

the time that the Building was part of

SAR’s portfolio; and

(e) Travelers pays to all of SAR’s

contractholders, upon final liquidation

of the properties held by SAR, amounts

necessary to reimburse SAR for

expenses incurred in connection with

the tenant improvements made to the

office space leased to Travelers prior to

the sale of the Building (i.e.,

$1,363,581), as well as all other amounts

required to be paid to SAR’s

contractholders, pursuant to the terms

of the Settlement Agreement arising

from The Travelers Insurance Company

v. Allied-Signal, Inc. Master Pension

Trust, et al. (Civil No. H–90–870–AHN,

USDC D Conn).

EFFECTIVE DATE: This exemption is

effective for the period from December

22, 1993 until June 24, 1994.

For a more complete statement of the

facts and representations supporting the

Department’s decision to grant this

exemption, refer to the notice of

proposed exemption (the Proposal)

published on January 18, 1995, at 60 FR

3662.

NOTICE TO INTERESTED PERSONS: The

applicant represents that some of the

employee benefit plans invested in SAR

did not receive notice of the pendency

of the proposed exemption within the

time period specified in the Proposal.

The applicant states that these plans

were subsequently provided with a

separate notice and a copy of the

Proposal on or before March 17, 1995.

Such plans were advised by the

applicant in the separate notice that

they had until April 17, 1995 to

comment and/or request a hearing on

the Proposal. No comments or hearing

requests were received by the

Department.

FOR FURTHER INFORMATION CONTACT: Mr.

E.F. Williams of the Department,

telephone (202) 219–8194. (This is not

a toll-free number.)

Law Offices of Bryson and Berman,

P.A. Employees’ Pension Plan and Trust

(Pension Plan) and Law Offices of

Bryson and Berman, P. A. Employees’

Profit Sharing Plan and Trust (P/S Plan,

collectively; the Plans)

Located in Miami, Florida

[Prohibited Transaction Exemption 95–38;

Exemption App. Nos. D–09884 and D–

09885]

Exemption

The restrictions of sections 406(a),

406(b)(1) and (b)(2) of the Act and the

sanctions resulting from the application

of section 4975 of the Code, by reason

of section 4975(c)(1)(A) through (E) of

the Code, shall not apply to the sale by

the two individual accounts (the

Accounts) in the Plans of Rodney W.

Bryson of two adjacent parcels of vacant

land (Lots 3 and 4, collectively; the

Lots) to Mr. Rodney Bryson (Mr.

Bryson), a trustee of the Plans and a

party in interest with respect to the

Plans; provided that the following

conditions are satisfied:

(a) The sale will be a one-time cash

transaction;

(b) The Accounts in this transaction

will receive the current fair market

value of the Lots established at the time

of the sale by an independent qualified

appraiser;

(c) The Accounts will pay no

expenses associated with the sale; and

(d) The terms of this transaction are

at least as favorable to the Accounts as

an arms-length transaction between

unrelated parties.

For a complete statement of the facts

and representations supporting the

Department’s decision to grant this

exemption refer to the notice of

proposed exemption published on

March 13, 1995 at 60 FR 13472/13473.

FOR FURTHER INFORMATION CONTACT:

Ekaterina A. Uzlyan of the Department,

telephone (202) 219–8883. (This is not

a toll-free number.)

General Information

The attention of interested persons is

directed to the following:

(1) The fact that a transaction is the

subject of an exemption under section

408(a) of the Act and/or section

4975(c)(2) of the Code does not relieve

a fiduciary or other party in interest or

disqualified person from certain other

provisions to which the exemptions

does not apply and the general fiduciary

responsibility provisions of section 404

of the Act, which among other things

require a fiduciary to discharge his

duties respecting the plan solely in the

interest of the participants and

beneficiaries of the plan and in a

prudent fashion in accordance with

section 404(a)(1)(B) of the Act; nor does

it affect the requirement of section

401(a) of the Code that the plan must

operate for the exclusive benefit of the

employees of the employer maintaining

the plan and their beneficiaries;

(2) These exemptions are

supplemental to and not in derogation

of, any other provisions of the Act and/

or the Code, including statutory or

administrative exemptions and

transactional rules. Furthermore, the

fact that a transaction is subject to an

administrative or statutory exemption is

not dispositive of whether the

transaction is in fact a prohibited

transaction; and

(3) The availability of these

exemptions is subject to the express

condition that the material facts and

representations contained in each

application are true and complete and

accurately describe all material terms of

the transaction which is the subject of

the exemption. In the case of continuing

exemption transactions, if any of the

material facts or representations

described in the application change

after the exemption is granted, the

exemption will cease to apply as of the

date of such change. In the event of any

such change, application for a new

exemption may be made to the

Department.

Signed at Washington, D.C., this 12th day

of May, 1995.

Ivan Strasfeld,

Director of Exemption Determinations,

Pension and Welfare Benefits Administration,

Department of Labor.

[FR Doc. 95–12183 Filed 5–17–95; 8:45 am]

BILLING CODE 4510–29–P
26742 Federal Register / Vol. 60, No. 96 / Thursday, May 18, 1995 / Notices

NATIONAL SCIENCE FOUNDATION

Special Emphasis Panel in

Astronomical Sciences; Meeting

In accordance with the Federal

Advisory Committee Act (Pub. L. 92–

463, as amended), the National Science

Foundation announces the following

meeting.

Name: Special Emphasis Panel in

Astronomical Sciences.

Date and Time: June 8 and 9, 1995, 9 am–

5 pm

Place: Room 370, National Science

Foundation, 4201, Wilson Boulevard,

Arlington, VA 22230.

Type of Meeting: Closed.

Contact Person: Jane Russell, Program

Director, Division of Astronomical Sciences,

National Science Foundation, 4201 Wilson

Boulevard, Arlington, VA 22230. Telephone:

703/306–1827.

Purpose of Meeting: To provide advice and

recommendations on proposals submitted to

the National Science Foundation for financial

support.

Agenda: To review and evaluate Global

Oscillation Network Group (GONG)

proposals.

Reason for Closing: The proposals being

reviewed include information of a

proprietary or confidential nature, including

technical information; financial data, such as

salaries and personal information concerning

individuals associated with the proposals.

These matters are exempt under 5 U.S.C.

552b(c) (4) and (6) of the Government in the

Sunshine Act.

Dated: May 15, 1995.

M. Rebecca Winkler,

Committee Management Officer.

[FR Doc. 95–12265 Filed 5–17–95; 8:45 am]

BILLING CODE 7555–01–M

Advisory Committee for Biological

Sciences; Committee of Visitors;

Meeting

I accordance with the Federal

Advisory Committee Act (Pub. L. 92–

463, as amended), the National Science

Foundation announces the following

meeting.

Name: Advisory Committee for Biological

Sciences; Committee of Visitors.

Date and time: June 7–9, 1995.

Place: National Science Foundation, 4201

Wilson Boulevard, Room 330, Arlington, VA

22230.

Type of Meeting: Closed.

Contact Person: Dr. Scott Collins, Division

of Environmental Biology, Room 640,

National Science Foundation, 4201 Wilson

Boulevard, Arlington, VA 22230. Telephone:

(703) 306–1479.

Purpose of Meeting: To carry out

Committee of Visitors (COV) review,

including examination of decision on

proposals, reviewer comments, and other

privileged materials.

Agenda: To provide oversight review of the

Ecological Studies Cluster in the Division of

Environmental Biology.

Reason for Closing: The meeting is closed

to the public because the Committee is

reviewing proposal actions that will include

privileged intellectual property and personal

information that could harm individuals if

they are disclosed. These matters are exempt

under 5 U.S.C. 552b(c), (4) and (6) of the

Government in the Sunshine Act.

Dated: May 15, 1995.

M. Rebecca Winkler,

Committee Management Officer.

[FR Doc. 95–12266 Filed 5–17–95; 8:45 am]

BILLING CODE 7555–01–M

Advisory Committee for Computer and

Information Science and Engineering;

Meeting

In accordance with the Federal

Advisory Committee Act (Pub. L. 92–

463, as amended), the National Science

Foundation announces the following

meeting:

Name: Advisory Committee for Computer

and Information Science and Engineering.

Date and Time: June 8, 1995; 8:30 a.m. to

5 p.m.; June 9, 1995; 8:30 a.m. to 2:30 p.m.

Place: 4201 Wilson Blvd., Arlington, VA

22230, Room 1235.

Type of Meeting: Open.

Contact Person: Odessa Dyson,

Administrative Officer, Office of the

Assistant Director, Directorate for Computer

and Information Science and Engineering,

National Science Foundation, 4201 Wilson

Blvd., Arlington, VA 22230. Telephone: (703)

306–1900.

Minutes: May be obtained from the contact

person listed above.

Purpose of Meeting: To provide advice to

the Assistant Director/CISE on issues related

to long-range planning, to advise NSF on the

impact of policies, programs and activities on

the CISE community; and to form ad hoc

subcommittees to carry out needed studies

and tasks.

Agenda:

(1) Strategic Planning

(2) Committee of Visitors Reporting (COV)

Dated: May 15, 1995.

M. Rebecca Winkler,

Committee Management Officer.

[FR Doc. 95–12267 Filed 5–17–95; 8:45 am]

BILLING CODE 7555–01–M

Special Emphasis Panel in Design,

Manufacture, and Industrial

Innovation; Meeting

In accordance with the Federal

Advisory Committee Act (Pub. L. 92–

463, as amended), the National Science

Foundation announces the following

meeting:

Name: Special Emphasis Panel in Design,

Manufacture, and Industrial Innovation—

#1194.

Date and Time: June 6, 1995, 8:30 a.m.–

5:00 p.m.

Place: Rooms 330, 340, 530, 580, 565, and

970, National Science Foundation, 4201

Wilson Boulevard, Arlington, VA 22230.

Type of Meeting: Closed.

Contact Person: Program Directors: Dr. Pius

Egbelu, Operations Research and Production

Systems, Dr. Warren DeVries, Manufacturing

Machines and Equipment, Dr. Christina

Gabriel, Integration Engineering, Dr. George

Hazelrigg, Engineering Design, and Dr. Kesh

Narayanan, Materials Processing and

Manufacturing, National Science Foundation,

4201 Wilson Boulevard, Arlington, VA

22230, (703) 306–1330.

Purpose of Meeting: To provide advice and

recommendations concerning proposals

submitted to the NSF for financial support.

Agenda: To review and evaluate

unsolicited proposals as part of the selection

process for awards.

Reason for Closing: The proposals being

reviewed include information of a

proprietary or confidential nature, including

technical information; financial data, such as

salaries; and personal information

concerning individuals associated with the

proposals. These matters are exempt under 5

U.S.C. 552b(c)(4) and (6) of the Government

in the Sunshine Act.

Dated: May 15, 1995.

M. Rebecca Winkler,

Committee Management Officer.

[FR Doc. 95–12268 Filed 5–17–95; 8:45 am]

BILLING CODE 7555–01–M

Special Emphasis Panel in Electrical

and Communications Systems;

Meeting

In accordance with the Federal

Advisory Committee Act (Pub. L. 92–

463, as amended), the National Science

Foundation announces the following

meetings.

Name and Committee Code: Special

Emphasis Panel in Electrical and

Communications Systems (#1196).

Date and Time: June 5, 8, 9, 1995.

Place: Room 675, National Science

Foundation, 4201 Wilson Blvd., Arlington,

VA 22230.

Type of Meeting: Closed.

Contact Person: Division of Electrical and

Communications Systems, National Science

Foundation, 4201 Wilson Boulevard,

Arlington, VA 22230. Telephone: (703) 306–

1339.

Purpose of Meetings: To provide advice

and recommendations concerning proposals

submitted to NSF for financial support.

Agenda: To review and evaluate proposals

for the (1) Quantum Electronics, Plasmas,

Electromagnetics, (2) Optical

Communications Systems, and (3) Solid State

and Mircrostructures programs as part of the

selection process for awards.

Reason for Closing: The proposals being

reviewed include information of a

proprietary or confidential nature, including

technical information; financial data, such as

salaries and personal information concerning