26402 Federal Register / Vol. 60, No. 95 / Wednesday, May 17, 1995 / Proposed Rules

(Catalog of Federal Domestic Assistance No.

83.100, ‘‘Flood Insurance.’’)

Dated: May 9, 1995.

Richard T. Moore,

Associate Director for Mitigation.

[FR Doc. 95–12128 Filed 5–16–95; 8:45 am]

BILLING CODE 6718–03–P

FEDERAL COMMUNICATIONS

COMMISSION

47 CFR Part 32

[DA 95–1027]

Proposed Elimination of Detailed

Continuing Property Records (‘‘CPRs’’)

for Certain Support Assets

AGENCY: Federal Communications

Commission.

ACTION: Proposed rule; rulemaking

notice.

SUMMARY: The Accounting and Audits

Division has released a Public Notice

seeking comments on a Petition for

Rulemaking filed by the United States

Telephone Association (‘‘USTA’’) to

eliminate CPRs for certain support

assets in Part 32 accounts. USTA

proposes an alternative property record

system for these support assets. This

will enable the Commission to

determine whether it should initiate a

rulemaking proceeding.

DATES: Comments due by July 5, 1995;

Replies due by August 1, 1995.

ADDRESSES: Federal Communications

Commission, 1919 M Street N.W.,

Washington, D.C. 20554.

FOR FURTHER INFORMATION CONTACT:

Debra Weber, Common Carrier Bureau,

Accounting and Audits Division, (202)

418–0810.

SUPPLEMENTARY INFORMATION: Released:

May 10, 1995.

United States Telephone Association

Files a Petition for Rulemaking to

Amend Part 32 of the Commission’s

Rules to Eliminate Detailed Property

Records for Certain Support Assets

Public Comment Invited

The United States Telephone

Association (‘‘USTA’’) filed a Petition

for Rulemaking (‘‘petition’’), proposing

that the Commission amend Part 32 of

its rules to eliminate detailed

continuing property records (‘‘CPRs’’)

for certain support asset accounts. These

support assets include the items in

Accounts 2115, Garage work equipment;

2116, Other work equipment; 2122,

Furniture; 2123, Office equipment; and

the personal computers and peripheral

equipment in Account 2124, General

purpose computers. In place of CPRs for

those accounts, USTA proposes that

carriers be permitted to use a vintage

amortization level (‘‘VAL’’) property

record system. Under this system, the

net book value of existing assets in each

account would be placed in a VAL

group and amortized on a straight-line

basis over the remaining life that results

from the asset life chosen from the

Commission approved range of lives.

All new purchases would also be placed

in a VAL group for each vintage for each

account, and amortized in the same

manner. When the assets in a VAL

group are fully amortized, the assets and

their associated reserves would be

removed from the carriers’ books.

Salvage proceeds would be reflected as

a decrease in amortization expense, and

the cost of removal would be reflected

as an increase in amortization expense.

We seek comment on the USTA

petition, and we invite parties to

propose alternatives for simplifying the

CPR requirements for these support

assets. We encourage parties to focus on

how USTA’s proposal or any alternative

proposal provides for adequate internal

controls to safeguard these support

assets. We seek comment on what

records are necessary to ascertain the

location, existence, and cost of these

assets. We also seek comment on how

carriers should account for retirement of

these support assets, and whether these

assets should be removed from the

carrier’s books when fully amortized, as

USTA proposes. Finally, we seek

comment from any parties believing that

our CPR requirements should not be

modified for support assets. These

parties should explain why, and should

emphasize what aspects of our current

CPR requirements are the most useful.

Parties may file comments on USTA’s

petition, or propose alternatives no later

than July 5, 1995. Replies should be

filed by August 1, 1995. Comments

should refer to RM–8640. A copy of

each pleading should be sent to Debbie

Weber, FCC, Common Carrier Bureau,

2000 L St., N.W., Room 812,

Washington, D.C. 20554 and the

International Transcription Service

(ITS), 2100 M St., N.W., Suite 140,

Washington, D.C. 20037, (202) 857–

3800. Copies of USTA’s petition and

any comments will be available for

public inspection and copying in the

Office of Public Affairs Reference

Center, 1919 M St., N.W., Room 239,

Washington, D.C. Copies are also

available from ITS.

For further information contact

Debbie Weber at (202) 418–0812.

Federal Communications Commission.

William F. Caton,

Acting Secretary.

[FR Doc. 95–12109 Filed 5–16–95; 8:45 am]

BILLING CODE 6712–01–M

47 CFR Part 73

[MM Docket No. 95–65, RM–8595]

Radio Broadcasting Services; Billings,

MT

AGENCY: Federal Communications

Commission.

ACTION: Proposed rule.

SUMMARY: This document requests

comments on a petition filed by Conway

Broadcasting requesting the allotment of

Channel 242C1 to Billings, Montana.

Channel 242C1 can be allotted to

Billings without a site restriction at

coordinates 45–46–58 and 108–30–13.

DATES: Comments must be filed on or

before July 3, 1995, and reply comments

on or before July 18, 1995.

ADDRESSES: Federal Communications

Commission, Washington, D.C. 20554.

In addition to filing comments with the

FCC, interested parties should serve the

petitioner, or its counsel or consultant,

as follows: Lars Conway, Conway

Broadcasting, 4415 Freemont Ave.,

South, Minneapolis, Minnesota 55409.

FOR FURTHER INFORMATION CONTACT:

Kathleen Scheuerle, Mass Media

Bureau, (202) 418–2180.

SUPPLEMENTARY INFORMATION: This is a

summary of the Commission’s Notice of

Proposed Rule Making, MM Docket No.

95–65, adopted May 4, 1995, and

released May 12, 1995. The full text of

this Commission decision is available

for inspection and copying during

normal business hours in the

Commission’s Reference Center (Room

239), 1919 M Street, NW, Washington,

D.C. The complete text of this decision

may also be purchased from the

Commission’s copy contractors,

International Transcription Services,

Inc., 2100 M Street, NW, Suite 140,

Washington, D.C. 20037, (202) 857–

3800.

Provisions of the Regulatory

Flexibility Act of l980 do not apply to

this proceeding.

Members of the public should note

that from the time a Notice of Proposed

Rule Making is issued until the matter

is no longer subject to Commission

consideration or court review, all ex

parte contacts are prohibited in

Commission proceedings, such as this

one, which involve channel allotments.

See 47 CFR 1.1204(b) for rules

governing permissible ex parte contact.